The favourable tax rules that apply to furnished holiday lettings (FHL) end on 5 April 2025. For many landlords, this may be when they decide to bring their FHL business […]

One of the key announcements in the Autumn 2024 Budget was the rise in employer’s National Insurance contributions from 6 April 2025. From that date, the rate of secondary Class […]

HMRC’s Alternative Dispute Resolution (ADR) process was introduced over a decade ago, with the intention of providing an ‘alternative’, cost-effective method for dealing with disputes between taxpayers and HMRC. ADR […]

VAT-registered businesses that use invoice accounting generally account for VAT when invoices are issued and received. HMRC has recently published new Guidelines for Compliance which set out their recommended approach […]

Nearly ten years ago in March 2015, the then-Chancellor George Osborne announced a government initiative setting out a vision for the ‘end of the tax return’ and a ‘transformed tax […]

Entitlement to the full state pension depends on having sufficient qualifying years. Where a person reaches state pension age on or after 6 April 2016, they need 35 qualifying years […]

Where a property has sometimes been a main residence, certain periods of absence are treated as periods of residence for private residence relief (PRR). With some planning, it is possible […]

While having more money in your bank account than is needed may seem ideal, for director shareholders of a company with surplus cash, it could be storing up future problems. […]

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 return if […]

Under English property law, there are two ways in which property can be owned jointly – as joint tenants and as tenants in common. How the property is held can […]

If a VAT-registered business has taxable income only (including zero-rated sales), it is entitled to full input tax recovery on its expenses, subject to the usual rules. Businesses with exempt […]

In personal and family companies, the lines between the company’s finances and the director’s finances may become blurred. A director may withdraw money from the company for personal use or […]