HMRC is closing its free Company Tax Return service - May 2025
HM Revenue & Customs (HMRC) will permanently close its free service for submitting Company Tax Returns and annual accounts on …
Joint owners of Furnished Holiday Lets prepare for increased taxes - May 2025
With the abolishment of the specific tax considerations for Furnished Holiday Lets (FHL) from the beginning of the current tax …
Beware tax avoidance scheme promoters – HMRC cracks down with new powers - May 2025
Recent Government estimates suggest that as much as £1.8 billion is lost every year due to tax avoidance schemes. That …
Is your remuneration strategy still tax-efficient in 2025/26? - May 2025
Business owners who pay themselves through a combination of salary and dividends should revisit their remuneration strategy this tax year. …
Capital allowances: Full Expensing vs AIA vs Writing-Down Allowances - May 2025
Capital allowances allow businesses to claim tax relief on money invested in assets like machinery, equipment, or certain vehicles used …
Too many businesses falling into VAT traps - April 2025
Too many businesses falling into VAT traps VAT is complex, and too many businesses are making costly, avoidable mistakes. Even …
900,000 sole traders pulled into MTD for ITSA - April 2025
The Government has confirmed that Making Tax Digital (MTD) for Income Tax will apply to sole traders and landlords earning …
Labour introduces harsher penalties for late taxpayers - April 2025
The Chancellor’s Spring Statement introduced harsher penalties for late taxpayers under Making Tax Digital for Income Tax Self Assessment (MTD …
