Insights & Articles

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…

The UK government has announced plans to introduce a new tariff suspension scheme. This new scheme will help UK firms…

Companies that are still claiming the Coronavirus Job Retention Scheme grants, now known as the furlough scheme, will have hard…

Limited companies are required to hold a wide range of company and accounting records. This includes details of directors, shareholders,…

When a VAT registered business issues an invoice to their customer, they must ensure that they charge the correct rate…

BADR used to be known as Entrepreneurs’ Relief before 6 April 2020. The name change does not affect the operation…

The next time you receive a request, by phone, text, or email, that requires you to take an action or…

There are a number of ways a director can extract money from their limited company. The money can usually be…

When VAT registered traders issue an invoice to a customer, they must seek to ensure that the correct rate of…

There are special procedures for importing goods into the UK. Following the end of the Brexit transition period, the process…

HMRC’s online guidance note for residence, domicile and the remittance basis: RDR1 is intended for UK residents and non-residents and…

In most cases, individuals hold cryptoassets (such as Bitcoin) as a personal investment, usually for capital appreciation in its value…

A new scheme, aptly named Breathing Space, was launched 4 May 2021. Breathing Space will give those facing financial difficulties…

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

As with Income Tax personal allowances, taxpayers have an annual exempt amount for Capital Gains Tax (CGT) which is forfeited…

HMRC must be informed when a non-trading or dormant company starts trading again and becomes active for Corporation Tax. Companies…

A salary sacrifice arrangement is effectively an agreement to reduce an employee’s entitlement to cash pay, usually in return for…