Insights & Articles

The trivial benefits in kind (BiK) exemption applies to small non-cash benefits like a bottle of wine or a bouquet…

The dividend tax allowance was first introduced back in 2016 and replaced the old dividend tax credit with an annual…

The Let Property Campaign provides landlords who have undeclared income from residential property lettings in the UK or abroad with…

The VAT DIY Housebuilders scheme is a special scheme that enables someone building their own home to benefit from special…

There are two types of National Insurance contributions (NICs) payable by the self-employed. These are known as Class 2 NICs…

There are various methods at your disposal to reduce or delay the amount of Capital Gains Tax (CGT) when you…

There is usually no Capital Gains Tax (CGT) to be paid when you sell your main family residence (referred to…

There are special rules which limit the ability to change your company’s year end date. A company’s year end date…

Historically, the term bed and breakfasting (sale and repurchase) of shares referred to transactions where shares were sold and then…

VAT retail schemes are a special set of schemes used by retail businesses to account for VAT. The schemes are…

Trade credit insurance is a contract bought by suppliers to make sure they get paid even if their customers default…

Most gifts made during a person’s lifetime are not subject to Inheritance Tax at the time of the gift. These…

There are special rules that must be followed when you sell an asset on which capital allowances have been claimed.…

Distance selling is the term used to describe supplies of delivered goods from one EU Member State to a customer…

The cash basis scheme helps sole traders and other unincorporated businesses benefit from a simpler way of managing their financial…

There are special tax reliefs for pre-trading expenses that are incurred before a business starts trading. These could include expenses…

HMRC’s employment status service can be used to help ascertain if a worker should be classified as employed or self-employed…

Most individuals hold cryptoassets (such as Bitcoin) as a personal investment, usually for capital appreciation in its value or to…