HMRC contacting sole traders
HMRC is currently contacting certain sole traders by email to reiterate the importance of adjusting business expenses for…
News
- Budget Summary
- Business
- Business Support
- Capital allowances
- Capital Gains Tax
- Construction Industry Scheme
- Corporate Governance & Regulation
- Corporation Tax
- Duties
- Employee Benefits
- Employment & Payroll
- Employment Law
- General
- HMRC notices
- Income Tax
- Inheritance Tax
- National Insurance
- Overseas personal tax issues
- Payroll
- Pension
- Personal
- Stamp Duty Land Tax
- Tax Diary
- Value Added Tax
Penalty points for late filing of VAT returns
Many businesses are still unaware that the VAT late filing and late payment rules now operate on a…
Enforcement of the minimum wage
The Department for Business & Trade has recently published a report that outlines the government's enforcement of the…
Directors liability for company debts
A limited company is a separate legal entity. In normal circumstances, its debts belong to the company, not…
How many businesses are there in the UK?
Current estimates suggest that there are around 5.6 million businesses operating in the UK. This figure comes from…
Tax Diary December 2025/January 2026
1 December 2025 - Due date for Corporation Tax payable for the year ended 28 February 2025. 19…
Updating your tax code
It is quite common for tax codes to be wrong, particularly if your income or employment situation has…
Company Voluntary Arrangements
A Company Voluntary Arrangement (also known as a CVA) is a special arrangement that allows a company with…
P45s, P11Ds and P60s – what are they?
Most employees will come across forms such as the P45, P11D and P60 during their working life, and…
Pay for imports declared via the CDS
If your business imports goods into the UK, it is important to be familiar with the Customs Declaration…
Tax and trivial benefits
There is a trivial benefit-in-kind (BiK) exemption that applies to small, non-cash gifts (such as a bottle of…
Tell HMRC about unpaid tax on cryptoassets
Where cryptoasset tokens (also known as cryptocurrency) are held personally, this investment is usually undertaken in the hope of…
