
Understanding HMRC’s New VAT Penalties: What You Need to Know
In 2022, the HMRC announced changes to the penalties for the…

A Tax Tightrope: Balancing Director’s Loan Accounts (DLAs)
A Tax Tightrope: Balancing Director's Loan Accounts (DLAs)
Director’s…

Reporting CGT on the sale of UK residential property explained
The requirement to report and pay capital gains tax on disposals…

The savings tax trap continues to bite in 2023/24
It might surprise you to know that HMRC collected £3.4bn worth…

HMRC interest rates set to rise in August for late payers and over-payers
The interest rates for late payment of taxes are linked to the…

Basis period reform is introduced for tax years 2024/2025
The government has confirmed the introduction of basis period…

Inheritance Tax – an exemption not to be over-looked for those working in Emergency Services
Most taxpayers are familiar with the concept of Inheritance Tax…

How to manage the Corporation Tax rises
From 1st April 2023 the main rate of corporation tax increased…

HMRC are focussing their attention on the ‘Golden Triangle’ of Alderley Edge, Wilmslow and Prestbury
It has recently been reported that HMRC are targeting the 'Wealthy…

How do business owners protect their loved ones if the worst happens
Many adults understand the need for financial resilience and…

New rules apply for making an R & D claim
For accounting periods that start on or after 1st April 2023,…

P11d’os and don’ts
What is a P11D?
A P11D is a document used by an employer…

Rules have changed for tax refund agencies but commission rates remain high
HMRC doesn't look too kindly on the tax refund agencies, not…

An Employers Guide to Salary Sacrifice
What is it and how can it benefit my company?
Salary Exchange…

Tax Director, Nigel Shaw comments on tax changes for the 2023/2024 tax year
Sometimes it can be very hard to understand what the current…

2 new charities announced as the beneficiaries of this year’s charity golf day
This year our chosen charities are YCC (Yorkshire Children's…

A summary of the key tax changes coming for businesses from 1st April 2023
Increase in Corporation Tax rate
For companies with profits…

People are urged to check their national insurance record before 5 April 2023 when claiming state pension
From 6 April 2023 it will no longer be possible to fill gaps…

Tax Year Update 2023/2024
Minimum wage rate updates
From 1st April 2023 you must pay your…

Complicated Inheritance Tax Rules Leave Families Paying £600m Extra
The Daily Telegraph has reported today that families have paid…