Individual Savings Accounts (ISAs) are tax-free savings accounts. There are four different types of ISAs: Individuals must be at least 18 to invest in an ISA. Cash ISAs may be with a bank, building society, or National Savings and Investments. Stocks and share ISAs can include shares in companies, unit trusts and investment funds, corporate bonds, […]
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Where an employee is provided with a company van that is available for private use, a tax charge may arise under the benefit-in-kind legislation. However, this will not always be the case. Unlike company cars, where a van benefit charge does arise, it does not depend on CO2 emissions. Instead, it is a set amount.
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When an employee works from home, they may incur additional costs, such as higher gas and electricity bills. The tax system offers some help where the employer meets some or all of these additional costs. However, the relief previously available to employees who met these costs themselves will be withdrawn from 6 April 2026. Expenses
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The government has confirmed that major Companies House filing reforms will proceed, but with an important concession for small businesses. While the changes were originally expected to take effect from April 2027, implementation has now been postponed until 1 April 2028, giving companies more time to prepare. For many small company directors, these reforms represent
The Employment Allowance is a very valuable allowance which allows eligible employers to reduce their secondary Class 1 National Insurance bill by up to £10,500 in 2026/27. The allowance is not given automatically and must be claimed. Who can claim Employers can claim the allowance if they are a business or a public body and
The Employment Allowance – Can you claim it? Read More »
The tax code is fundamental to the operation of PAYE. It is made up of letters and numbers which take account of the allowances that you receive and also any deductions from those allowances, for example, to collect underpaid tax. If you have received a tax code for the 2026/27 tax year, you must understand
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Where first-year allowances, such as the Annual Investment Allowance or full expensing, are not claimed in respect of capital expenditure on plant and machinery, or not claimed in full, relief is instead given by way of writing down allowances (WDAs). The rate at which the allowance is given depends on whether the expenditure is main-rate
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They miss out because of small assumptions that quietly build up until the claim becomes stressful, delayed, or impossible to support properly. If you run a media production company, creative tax credits are not just something to think about after delivery. They affect how you budget, contract, track costs, and protect cashflow between productions. A
As announced at the time of the 2025 Autumn Budget, the ordinary and upper dividend tax rates are increased by two percentage points from 6 April 2026. The additional dividend rate remains unchanged. The increase will affect those with shareholdings who receive dividend income, as well as shareholders in personal and family companies who extract
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Not because it is wrong, but because it can create extra admin. Here is why 31 March is often worth considering for media production companies. First, it matches the tax year. That keeps planning simpler. One set of dates, fewer moving parts. It also makes life easier for directors and shareholders’ personal tax. Your company