The self-employed have historically paid two classes of National Insurance – Class 2 and Class 4. However, this is set to change from...

Although the deadline for submitting your 2022/23 tax return online is midnight on 31 January 2024, if you owe tax and you want to have...

Although inflation is now on a downward trend, the sharp cost rises over the last 18 months are baked in. Energy prices are increasing...

The VAT domestic reverse charge came into operation in March 2021, introducing significant changes around how VAT is collected and paid...

With a combination of low growth and high inflation, the 2022/23 tax year has been a tough time, financially speaking, for many of us. So...

We always aim to keep you up to date with the most pressing dates and deadlines for your business diary. To help you get prepared and on...

The marriage allowance is not a separate allowance as such – rather, it is a transfer of part of one spouse or civil partner’s personal...

Strict reporting deadlines apply under Real Time Information (RTI). Employers are required to report employees’ pay and deductions to...

Tax and accounting rules are not identical and it is sometimes necessary to adjust the accounting profit to arrive at the profit for tax...

Private residence relief (PRR) removes the capital gains tax charge that would otherwise arise on a gain on the disposal of an only or...

On separation or divorce, it is common for one spouse to move out of the family home and for the other spouse to continue to live there....

HMRC have recently published a spotlight warning landlords to avoid schemes offering hybrid property arrangements that purport to save...

T he Approved Mileage Allowance Payment (AMAP) was introduced in 2002 as a statutory simplification to allow employers to make tax-free...

On 26 October 2023 one of the most significant pieces of company legislation came into being. The main thrust of the Economic Crime and...