Business Asset Disposal Relief (BADR) is a valuable relief which reduces the rate of capital gains tax payable on gains made on the...

Employers looking to spread some seasonal cheer can do so in a tax-efficient manner by taking advantage of the exemptions for annual...

One of the key announcements in the Autumn 2024 Budget was the rise in employer’s National Insurance contributions from 6 April 2025....

VAT-registered businesses who use invoice accounting generally account for VAT when invoices are issued and received. HMRC have recently...

Entitlement to the full state pension depends on having sufficient qualifying years. Where a person reaches state pension age on or after...

If you pay tax through PAYE, as will be the case if you are an employee or a pensioner, you may need to complete a Self Assessment tax...

When starting a business, there are a number of ways in which this can be done. Options include operating as a sole trader, forming a...

In personal and family companies, the lines between the company’s finances and the director’s finances may become blurred. A director may...

Where a property has at some time been a main residence, certain periods of absence are treated as periods of residence for the purposes...

Under English property law, there are two ways in which property can be owned jointly – as joint tenants and as tenants in common. The...

There are circumstances in which it may be desirable to sell some or all of a garden or the land attached to a residence separately from...

Nearly ten years ago in March 2015 the then-Chancellor George Osborne announced a government initiative setting out a vision for the 'end...

While having more money in your bank account than is needed may seem ideal, for director shareholders of a company with surplus cash, it...

If a VAT registered business has taxable income only (including zero-rated sales), it is entitled to full input tax recovery on its...

A sole trader or partnership business may make a loss for several reasons – not necessarily because it is not doing well. A business can...

Following the pandemic, flexible working hours are on the increase. This shift has provided employees with the legal right to request...

Over the past few years, tax enquiries aimed at identifying and correcting errors or deliberate under-reporting in tax returns have...

A person who is resident and domiciled in the UK is liable to UK tax on their worldwide income. Consequently, if they have overseas...

A property rental business will have a start date, and it is important to know when this is. A landlord will normally undertake some...

The current tax regime for furnished holiday lettings has a number of advantages, including the ability to deduct interest and finance...