As you will be aware filing your tax return on time is crucial to avoid penalties, interest charges, and unnecessary stress. Below is a reminder of the key deadlines you need to be aware of if you file a self-assessment tax return: Key Deadlines The tax year in the UK...
A Quick Guide to Employee Ownership Trusts (EOTs) Employee Ownership Trusts (EOTs) are an increasingly popular way for business owners to sell their company while protecting its long-term future. Introduced in the UK in its current form in 2014, an EOT enables...
MTD – Your Questions Answered Still confused about Making Tax Digital? You’re not alone… That’s why we’ve created this Q&A series which covers the most common questions our clients ask us about MTD for Income Tax. Simple explanations No jargon Just...
On 21 May 2026, the Chancellor, Rachel Reeves MP, announced ‘Great British Summer Savings’, a package of measures aimed at cutting costs for families, particularly those with children. The following two measures are of particular importance to businesses: A 10p per...
Pool car – benefits Are you looking to purchase a car for your employees to use for business trips? You can capitalise on income tax and national insurance tax relief if you provide cars to your employees through a qualifying pool car arrangement. This will...
In her 2025 Budget the Chancellor announced the end of tax deductions for “non-reimbursed homeworking expenses”. Will the loss of the deduction affect you and is there an alternative tax relief you can take advantage of? Job expenses The Chancellor’s...
