If you choose to offer certain benefits to your employees, then you may incur additional Class 1 National Insurance (NI) liabilities which must be reported to HM Revenue & Customs (HMRC).
Read More »Ahead of the 6 July deadline, remember that P11D rules are changing
The HM Revenue & Customs (HMRC) app was launched in 2023 and has quickly become a key tool for many, with over 80 million interactions.
In a new initiative designed to reduce paper use and unnecessary confusion, HM Revenue & Customs (HMRC) has announced a significant change to the way that taxpayers are notified of a repayment.
With 5 April fast approaching, the pressure is on to make sure that you’ve used all capital allowances available to you in this tax year to reduce your tax bill.Read More »Have you used your capital allowances this financial year?
HMRC surprised all taxpayers who own a double cab pickup as a company vehicle on 12 February by announcing that these vehicles would be classified as cars and not vans, which would have led to higher National Insurance Contributions (NICs) for owners.Read More »HMRC U-turns on its double cab pickups tax decision
Businesses must remain compliant with the requirements for reporting and paying VAT, especially with the regular quarterly for VAT under Making Tax Digital. Read More »VAT deadlines and what businesses should be doing to prepare for them
HM Revenue & Customs (HMRC) has recently issued letters to restaurant and takeaway businesses across the country, emphasising the importance of correctly applying VAT on hot food.
Read More »HMRC reminds restaurants and takeaways of VAT obligations on hot food
For small businesses navigating the Making Tax Digital (MTD) for Income Tax Self-Assessment (ITSA) initiative, tax returns can be complex.
In the unpredictable world of business, it’s not uncommon for companies to experience financial losses.
We are now only 100 days away from the Self-Assessment tax deadline on 31 January 2024.
Read More »100 days until the Self-Assessment deadline: Are you ready?
