- 6 Poole Road, Wimborne, Dorset, BH21 1QE.
- 6 Poole Road, Wimborne, Dorset, BH21 1QE.
16/01/2025 More...
HMRC reports over 63,000 taxpayers filed their returns over the New Year, but 5.4 million still need to act before the looming 31 January 2025 deadline. File now to avoid penalties, pay your 2023-24 tax, and set up payment plans if needed to stay compliant. The deadline for submitting your 2023-24 self-assessment tax return online is16/01/2025 More...
Selling online? Whether it’s a hobby or a business, you may need to pay tax if your earnings exceed £1,000. From services to content creation, it’s vital to understand self-assessment rules and new reporting obligations for online platforms starting in 2024. If you are selling anything through an online marketplace, it is important to16/01/2025 More...
A significant amount of online information about companies is available to the public on the Companies House website. The information available through Companies House can be an important resource for anyone looking to research a company. What makes this particularly valuable is that a significant portion of the data is freely available16/01/2025 More...
Beneficial loans, where employees benefit from cheap or interest-free loans from their employer, can trigger tax implications. However, certain exemptions, like loans under £10,000 or qualifying loans, eliminate the need for employers to report or pay tax on them. An employee can receive a benefit when they are provided with a loan from16/01/2025 More...
Employers can voluntarily register to report and account for tax on certain benefits and expenses via the RTI system before the start of the tax year. This process, known as payrolling, eliminates the need to submit P11D forms for the selected benefits at the end of the tax year. The deadline for submitting P11D, P11D(b), and P9D forms16/01/2025 More...
Inheritance Tax (IHT) impacts estates over £325,000, with rates of 40% on death and 20% on certain gifts. A 36% reduced rate applies if 10% of the estate is left to charity. Executors must value estates and may need to file tax returns for the deceased and their estate. The current IHT nil rate band is £325,000 per person, below which no14/01/2025 More...
A recent case [London United Busways Ltd. (LUB) v De Marchi and Abellio London [2024] EAT 191] revealed the complexities of working under the Transfer of Undertakings (Protection of Employment) Regulations 2006, or TUPE. A Mr. De Marchi had been working as a bus driver for two decades by LUB from his local bus depot, even though his13/01/2025 More...
The UK government has unveiled a series of proposals aimed at curbing exploitative practices in the ticket resale market, seeking to protect consumers from exorbitant prices and enhance transparency in ticket sales. Key Proposals: Capping Resale Prices: The government is considering implementing a cap on ticket resale prices,13/01/2025 More...
The UK's Competition and Markets Authority (CMA) has initiated its new digital markets competition regime, effective from January 1, 2025, following the Digital Markets, Competition and Consumers Act's Royal Assent in May 2024. Strategic Market Status (SMS) Designations Under this regime, the CMA can designate firms with "Strategic09/01/2025 More...
The 31 January 2025 deadline for self-assessment tax returns is fast approaching. Avoid penalties and last-minute stress by filing your return and paying any tax due promptly. Don’t forget, first-time filers need to register for HMRC’s online service without delay. You should also be aware that payment of any tax due should also be made09/01/2025 More...
Misplaced your National Insurance number? Do not worry! From checking payslips to using the HMRC app, there are many ways to recover it. If all else fails, you can request it via post. Here is everything you need to know to locate or apply for your NI number. Firstly, you could try and locate the number on paperwork such as your tax09/01/2025 More...
Are you a landlord? Maximise your rental income by knowing which expenses you can claim to reduce your tax bill. From maintenance costs to Replacement of Domestic Item Relief, understanding allowable deductions is key to smart property management. If you are a landlord, it is important to be aware of the expenses that can and cannot be09/01/2025 More...
Planning to sell your business or shares? Capital Gains Tax rates for Business Asset Disposal Relief (BADR) are set to rise from 10% to 14% on 6 April 2025, and to 18% from 6 April 2026. Selling before these dates could result in significant tax savings. Business Asset Disposal Relief (BADR) applies to the sale of a business, shares in a09/01/2025 More...
Great news for businesses! Tax relief on zero-emission cars and EV charge points has been extended until 2026. This move aligns with the UK’s ambitious Zero Emission Vehicle mandate, driving the shift to sustainable transport. It was announced as part of the recent Autumn Budget measures that the tax relief for businesses acquiring09/01/2025 More...
Selling goods or services? It’s vital to know if HMRC considers this a business. From regular sales to earning commissions, their rules on ‘trading’ impact your tax obligations. Here’s a simple guide to help you stay compliant and avoid pitfalls. If you are selling goods or services, you need to determine whether this constitutes a07/01/2025 More...
The average number of touchpoints needed to secure a sale, or appointment generally falls between 7 and 12. However, this varies by industry, target audience, and product or service type. Here’s why multiple touchpoints are necessary and how they work: Why Multiple Touchpoints Are Necessary Building Trust: Buyers need to trust the07/01/2025 More...
The Chancellor’s Spring Statement, scheduled for 26 March 2025, is expected to focus on navigating the challenges of public finances, economic growth, and household pressures. Economic Context The UK economy is forecast to grow by 2% in 2025, though inflation is projected to remain above the Bank of England's 2% target for several more02/01/2025 More...
The cash basis is now the default for self-employed income reporting. Learn about the key updates, opt-out options, and how this simplified method can ease your self-assessment obligations with HMRC. The cash basis is used by sole traders and other unincorporated businesses to determine their income and expenses for self-assessment. This02/01/2025 More...
Capital Gains Tax rates have increased for disposals from 30 October 2024, with further changes ahead. Stay informed on the updated rates for assets, property, and reliefs to optimise your tax planning. We would like to remind our readers of the updated Capital Gains Tax (CGT) rates that apply to gains realised on or after 30 October02/01/2025 More...
Ensure compliance with HMRC rules when providing company cars. From P46(Car) submissions to benefit reporting, learn what steps to take for private use and specific exemptions. Here are the steps you need to follow to inform HMRC if you make any cars available for private use by company directors or employees. Private use of a car02/01/2025 More...
Advisory fuel rates for company cars help employers and employees manage fuel costs without triggering tax liabilities. Learn how to use these rates to avoid tax, especially car fuel benefit charges. HMRC's fuel rates also known as advisory fuel rates are intended to reflect average fuel costs and are updated quarterly. These rates only02/01/2025 More...
Inheritance Tax nil-rate bands remain frozen until April 2030. Learn how this affects estates, the residence nil-rate band, and planning opportunities to maximise tax-free inheritance for loved ones. The Inheritance Tax (IHT) nil-rate bands have been frozen for a number of years and had been set to remain at current levels until 5 April02/01/2025 More...
From April 2026, Making Tax Digital for Income Tax (MTD for ITSA) will transform tax compliance for businesses, self-employed individuals, and landlords, mandating digital record-keeping and online submissions. Get prepared! The mandatory signup for Making Tax Digital (MTD) for Income Tax is set to commence from April 2026. MTD for ITSA02/01/2025 More...
The UK government has recently addressed the Parliamentary and Health Service Ombudsman's (PHSO) report concerning the communication of changes to women's State Pension age. The PHSO identified maladministration by the Department for Work and Pensions (DWP) due to a 28-month delay in informing women born in the 1950s about these changes.16/01/2025 - More...
HMRC reports over 63,000 taxpayers filed their returns over the New Year, but 5.4 million still need to act before the
16/01/2025 - More...
Selling online? Whether it’s a hobby or a business, you may need to pay tax if your earnings exceed £1,000. From
16/01/2025 - More...
A significant amount of online information about companies is available to the public on the Companies House website.
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