Can one company lend to another? Tax implications
Although the economy is said to be stagnating with little growth on the horizon, many smaller companies are doing well and have healthy bank balances.
Furnished Holiday Lets Tax Changes – relief for finance and investment costs from April 2025
Landlords letting furnished holiday accommodation have hitherto enjoyed a range of tax benefits, including the ability to deduct interest and finance costs in full when
Beat the Stamp Duty deadline – 1 April 2025
There is a stamp duty land tax (SDLT) deadline on the horizon – from 1 April 2025, there are changes to both the residential SDLT
Action you can take if you are struggling to pay your tax
Tax due under Self Assessment for 2023/24 should have been paid in full by midnight on 31 January 2025, along with the first payment on
Mandatory payrolling – what will it look like?
Under payrolling, employers deal with taxable benefits provided to employees through the payroll, treating the taxable amount of the benefit like additional salary and deducting
Extension of Making Tax Digital
Under Making Tax Digital for Income Tax Self Assessment (MTD for ITSA), sole traders and unincorporated landlords within its scope will be required to keep
National Insurance for employers to rise
One of the key announcements in the Autumn 2024 Budget was the rise in employer’s National Insurance contributions from 6 April 2025. Since then, the
Entitlement to State Pension – do you have missing National Insurance Contribution years?
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,
Tax-efficient Christmas parties and gifts
Employers looking to spread some seasonal cheer can do so in a tax-efficient manner by taking advantage of the exemptions for annual parties and functions
File your tax return by 30 December to pay what you owe through PAYE
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
Setting up as a sole trader
When starting a business, there are a number of ways in which this can be done. Options include operating as a sole trader, forming a
Overdrawn director’s loan account – must your company pay tax on the balance?
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
