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Contractors in the UK who use limited companies are not always aware of the IR35 risk they face when choosing to contract to one end client. We have written a…

The Chancellor made his annual Spring Statement speech on 23rd March 2022 where he set out the Government’s tax plan to support the UK economy, businesses, and families in both…

Stamp duty land tax (SDLT) reduced rates will apply for residential properties for a limited period stipulated by HMRC. As of 1st July 2021, and up until 30th September 2021,…

Landlords who rent out property in the UK but spend more than six months of the tax year living overseas must ensure they, their tenants, letting agent or tenant finders…

You may be eligible to claim tax relief for additional household costs if you have to work from home on a regular basis, either for all or part of the…

Did you know you can claim child benefit if you are responsible for bringing up a child who is either under 16 years old or under 20 (if they stay…

It might be a new year, but the ongoing Covid-19 pandemic means that there are further challenges for the retail industry to come in 2021. With the UK’s third lockdown…

(source icaew.com) UK VAT rules up to 31 December 2020 Under the UK’s VAT rules: VAT is charged on most goods and services sold within the UK and the EU.…

From 1 March 2021 the domestic reverse VAT charge will come into effect for businesses in the construction industry. The domestic reverse VAT charge (DRC) will now mean that the…

We are often asked by clients why we use XERO as our recommended accounting software. While not the cheapest option available in the market, we like the following features: The…

One of the COVID19 reliefs HMRC offered was a VAT deferral of payments. Those unable to make payment of VAT were able to defer these payments from 20 March 2020…

You could potentially save up to £250 each tax year by transferring a portion of your Marriage Allowance to your spouse/civil partner. Transferring the Marriage Allowance lets a spouse or…