After years of deferral, the long-anticipated Making Tax Digital (MTD) for Income Tax start date has finally been confirmed. This is a...

HMRC’s rules state that expenditure on business entertainment or gifts cannot be claimed as a deduction against profits (and therefore...

From 6 April 2025 onwards, furnished holiday lettings are treated for tax purposes in the same way as other residential lets, and...

The annual tax on enveloped dwellings (ATED) is a tax that is payable mostly by non-natural persons (mostly companies) owning UK...

The way that many landlords will report details of their income and expenses to HMRC is changing from April 2026 onwards. This is when...

If as an employer you provided employees with taxable expenses and benefits in the 2024/25 tax year, you will need to ensure that you...

Employees with a company car available for their private use pay tax on the benefit. The amount that is charged to tax is a percentage of...

The official rate of interest is a rate set by HMRC which is used to calculate the benefit in kind tax charge on cheap employment-related...

Putting money into a registered pension scheme can be tax efficient. Individuals can make contributions in their own right, or even for...

Last October Chancellor Rachel Reeves announced some far-reaching National Insurance changes which will affect employers from April 2025....

The favourable tax regime that applies to landlords letting furnished holiday accommodation comes to an end on 5 April 2025. For 2025/26...

Farmers have been hitting the headlines of late following the October 2024 Budget announcement that the rate of agricultural property...

The way in which unincorporated landlords obtain relief for interest depends on the nature of the property that they let. Where the...

There comes a time in every business owner's life when retirement looms and thoughts turn to succession planning. Planning should ideally...

Buy an item in a shop and you will increasingly be asked whether you want a receipt. Although a receipt provides useful evidence of...

Most employees can identify their permanent place of work because it is where they regularly go to work. However, post-Covid, many...

Employees who incur expenses in undertaking their job may be able to claim tax relief for those expenses where they are not reimbursed by...

For unincorporated businesses, from 6 April 2024 onwards the cash basis is the default basis of accounts preparation. Unlike the accruals...

Most individuals are entitled to receive a personal allowance. This is the amount that they are able to earn before they pay tax. For...

Individuals have a separate tax-free allowance for capital gains tax purposes – the capital gains tax annual exempt amount. Although it...