Latest Tax News

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19-12-2024
Claiming Child Benefits online

Claiming Child Benefits online

Over one million parents have now claimed Child Benefit online or via the HMRC app, with 87% of new claims using this speedy service. If you've recently had a baby or a child joins your family, ... read more

19-12-2024
Spreading tax payments by using Time to Pay

Spreading tax payments by using Time to Pay

Can’t pay your tax bill in full by 31 January 2025? HMRC’s online Time to Pay system lets self-assessment taxpayers spread the cost over monthly instalments. With plans available for tax bills up to ... read more

19-12-2024
New online tax tools for the self-employed

New online tax tools for the self-employed

Navigating tax obligations can be daunting for small business owners and sole traders. To make life easier, HMRC has introduced new interactive tools, including a Sole Trader Setup Guide and VAT ... read more

19-12-2024
When can you recover VAT on a car purchase

When can you recover VAT on a car purchase

Reclaiming VAT on company cars isn’t as simple as it sounds. Generally, businesses can’t recover VAT unless the car is used exclusively for business purposes. But there are exceptions—like ... read more

19-12-2024
The Substantial Shareholdings Exemption

The Substantial Shareholdings Exemption

For companies selling shares, the Substantial Shareholdings Exemption (SSE) can mean significant tax relief. Introduced in 2002 and simplified in 2017, this exemption allows qualifying gains on share ... read more

19-12-2024
VAT Reverse Charge in Construction: What You Need to Know

VAT Reverse Charge in Construction: What You Need to Know

Navigating VAT in the construction industry can feel like untangling scaffolding. Enter the VAT reverse charge—special rules that mean sub-contractors no longer charge VAT on services but ... read more

17-12-2024
Government Forces Water Companies to Double Compensation

Government Forces Water Companies to Double Compensation

The UK government has announced significant reforms to enhance compensation for customers affected by water service failures. Under new regulations, water companies will be mandated to increase ... read more

17-12-2024
Why Protecting Intellectual Property is Important

Why Protecting Intellectual Property is Important

Intellectual property (IP) refers to creations of the mind, such as inventions, literary works, designs, brand names, and artistic outputs. Whether you are a business owner, inventor, writer, or ... read more

16-12-2024
Just because an employee is a lawful resident of the UK does not give them the right to work

Just because an employee is a lawful resident of the UK does not give them the right to work

A restaurant in Middlesborough recently challenged a civil penalty notice of £15,000 issued by the Secretary of State for the Home Department under Section 15 of the Immigration Asylum and Nationality ... read more

12-12-2024
Scottish Budget Statement 2025-26

Scottish Budget Statement 2025-26

Scotland’s 2024 Budget delivers on public priorities with investments in services, poverty reduction, and economic growth. Tax rates stay frozen, but bands shift to protect low incomes. A hopeful step ... read more