23/Sep/2025Everything You Need to Include on a VAT Invoice
What is a VAT Invoice? A VAT invoice is a document issued by a VAT-registered business that contains all details required under VAT regulations. Only businesses registered for VAT can […]
22/Sep/2025Error in Class 2 National Insurance Charges for the Self-Employed
What Changed from April 2024? From 6 April 2024, self-employed individuals are no longer required to pay Class 2 National Insurance contributions (NICs). Instead, Class 2 has become voluntary. If […]
18/Sep/2025Unused Pension Benefits to Face IHT Charges from 2027
New IHT Rules for Unused Pension Benefits from April 2027 Overview From 6 April 2027, inheritance tax (IHT) will apply to unused pension funds and death benefits left in an […]
15/Sep/2025Rental Property Repairs: What’s Deductible and What’s Not?
Tax Treatment of Major Repairs on Rental Properties Managing a rental property often involves tackling major repair jobs — from replacing a roof to dealing with subsidence. Naturally, landlords want […]
12/Sep/2025Inheritance Tax Update: How the £1 Million Cap on APR and BPR Will Affect Farmers
Current Reliefs: No Limit in Place Right now, there’s no cap on how much agricultural property relief (APR) and business property relief (BPR) can apply to qualifying land, buildings, and […]
10/Sep/2025Tax-Free Income from Renting a Room: How the Rent a Room Scheme Works
Letting a Room in Your Home: Tax Rules You Need to Know With the rising cost of living, many homeowners (and even tenants) are looking at letting out a spare […]
08/Sep/2025HMRC’s Expanding Powers to Recover Tax Debts
Extra Funding for Debt Recovery In the 2024 Autumn Budget, HM Treasury quietly announced something big in its Policy Costing Document. The government is providing funding for 1,800 HMRC debt […]
05/Sep/2025VAT Payback and Clawback: How to Handle Changes in Business Use
VAT Adjustments: Understanding Payback and Clawback Rules Even with the best planning, business intentions can change — and with VAT, that means adjustments may be needed. HMRC’s “payback and clawback” […]
01/Sep/2025Understanding the 30-Day Rule on Directors’ Loan Accounts
Changing Interest Rates and Opportunities While general interest rates are falling, HMRC’s official rate of interest (ORI) on employee loans has actually risen to 3.75% per annum (from 6 April […]
29/Aug/2025Holiday Lets: Council Tax or Business Rates?
If you own a holiday let in the UK, one of the key questions you’ll face is whether your property falls under council tax or business rates. The answer depends […]
25/Aug/2025How to Earn Tax-Free Income by Renting Out Your Garage
Why Rent Out Your Garage? There’s growing demand for garage space, especially among tradespeople who need a secure place to store their tools overnight rather than leaving them in their […]
22/Aug/2025Auto-Enrolment for Temporary and Seasonal Staff: What Employers Need to Know
Auto-Enrolment and Temporary Staff: What Employers Need to Know Employers in the UK have a legal duty to enrol eligible staff into a workplace pension scheme. But what happens when […]
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