Insights & Articles

If you think that you have paid too much tax to HMRC you can usually claim back any overpaid tax.…

Taxpayers entitled to the child benefit should be aware that HMRC usually stop paying child benefit on the 31 August…

There are special VAT rules that allow businesses to standard rate the supply of most non-residential and commercial land and…

As children have returned to school, HMRC is reminding parents that they may be eligible for Tax-Free Childcare (TFC) to…

The Prime Minister announced increases in National Insurance Contributions (NIC) of 1.25% from April 2022, to contribute to increases in…

The 1,25% increase in NIC contributions from April 2022 will be mirrored by a similar increase in the tax charge…

Gift Hold-Over Relief is effectively a deferral of Capital Gains Tax (CGT) when assets are given away (including certain shares)…

If you are a higher rate or additional rate taxpayer, you are eligible to claim relief on the difference between…

There are a number of options open to taxpayers who disagree with a tax decision issued by HMRC. It is…

Companies use incentive award schemes to encourage their employees in various ways. For example, to sell more of their own…

HMRC publishes a list of income streams that are excluded from a UK property business. The list includes fishing concerns,…

The scope and legal basis of how VAT is charged on taxable supplies is defined as follows in the VAT…

1 September 2021 - Due date for Corporation Tax due for the year ended 30 November 2020. 19 September 2021…

There is no requirement to report certain routine expenses to HMRC. The types of expenses and benefits covered are referred…

The annual allowance for tax relief on pensions is currently set at £40,000. The annual allowance is further reduced for…

There are complex VAT rules that determine how you can recover VAT on car purchases. The usual fallback rule is…

The VAT Capital Goods Scheme (CGS) is a means of adjusting the initial VAT recovery in respect of certain assets…

Under qualifying circumstances, Corporation Tax (CT) relief is available where a company makes a trading loss. The trading loss can…