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 points-based system, ...
Paying tax arrears using HMRC payment plans
If you are unable to pay your tax bill, it's important to reach out to HMRC as soon as possible ...
Set up your tax app with HMRC
The free HMRC tax app now provides quick access to tax codes, income history, self-assessment details, National Insurance records and ...
Check when you can expect a reply from HMRC
HMRC offers a helpful online tool that allows agents and taxpayers to check when they can expect a response to ...
HMRC contacting sole traders
HMRC is currently contacting certain sole traders by email to reiterate the importance of adjusting business expenses for personal use.The ...
Enforcement of the minimum wage
The Department for Business & Trade has recently published a report that outlines the government's enforcement of the National Minimum ...
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 the Department ...
Directors liability for company debts
A limited company is a separate legal entity. In normal circumstances, its debts belong to the company, not to the ...
Tax Diary December 2025/January 2026
1 December 2025 - Due date for Corporation Tax payable for the year ended 28 February 2025. 19 December 2025 ...
Updating your tax code
It is quite common for tax codes to be wrong, particularly if your income or employment situation has changed, so ...
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 knowing what ...
Company Voluntary Arrangements
A Company Voluntary Arrangement (also known as a CVA) is a special arrangement that allows a company with debt problems ...
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 wine or ...
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 Service and ...
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 making ...
Tread carefully when using temporary contracts to confer tax breaks
A recent ruling has established that temporary worker arrangements do not constitute a single, continuous employment relationship in which workers ...
Understanding the responsibilities of company directors
Taking on the role of a company director is more than holding a title. Directors have legal duties that shape ...
Reviewing insurance cover
Many businesses arrange insurance in the early days and then only look at it again when something changes, or when ...
Beware of the risks of engaging employees as sham contractors
Recently, a clear legal precedent confirmed that the nature of an individual's work is determined by the reality of the ...
Paying Class 4 NICs
If you are self-employed and your profits are above £12,570, you may need to pay Class 4 National Insurance, so ...
When you don’t need to make payments on account
If you file a Self-Assessment return you may need to pay your tax in three instalments, so it is useful ...
Advantages of VAT Flat Rate Scheme
If your business has relatively low VATable expenses, the VAT Flat Rate Scheme can simplify your VAT reporting and may ...
Taxable benefits for use of company car
The tax you pay on the use of a company car depends largely on its CO2 emissions, so choosing a ...
Business Asset Disposal Relief – the present rates
If you are thinking about selling a business or shares, it is important to understand how Business Asset Disposal Relief ...