Understanding the Complaints Process If you’ve ever spent over half an hour trying to reach HMRC on the phone, you might be tempted to file a complaint about the service. While the idea of receiving compensation might make the process more appealing, it’s important to understand that the complaint system is structured and limited in […]
A Phased Rollout of Making Tax Digital for Income Tax Making Tax Digital for Income Tax Self Assessment (MTD for ITSA) is being introduced gradually, starting from 6 April 2026. This new system will require certain self-employed individuals and landlords to keep digital records and send quarterly updates and a final declaration to HMRC using […]
As the 2024/25 tax year has officially ended, now is the perfect time for individuals who are required to complete a Self-Assessment tax return to take action. While the final deadline for online submission is 31 January 2026, many compelling reasons exist to file well before then. Here’s a closer look at the key benefits […]
Understanding the Basics If you’re a landlord letting out holiday accommodation, you may have the option to pay business rates instead of council tax. This can often result in lower costs, especially if you’re eligible for small business rate relief. In some cases, it may even mean paying nothing at all. When Do Holiday Lets […]
Understanding the Off-Payroll Working Rules Off-payroll working applies when a worker provides their services to a medium or large private sector company, or a public sector body, via an intermediary, such as a personal service company. To ensure compliance with these rules, the end client must carry out a status assessment. If this assessment determines […]
HMRC’s Expanding Investigative Powers Her Majesty’s Revenue & Customs (HMRC) has significantly strengthened its ability to detect unreported or “invisible” income. While it has always had the right to enquire into any tax return without giving a reason, the scope and sophistication of its tools have grown. Whether income is deliberately concealed or unintentionally missed, […]
The Rise of Property Incorporation More landlords are now considering running their property ventures through limited companies. This trend has accelerated due to the increasing gap between corporate and personal tax rates, as well as the full deductibility of finance costs available to companies. Additionally, with the tax perks for furnished holiday lettings coming to […]
Understanding Mileage Relief When employees use their vehicle or a company car for business travel and cover the fuel costs themselves, they may be eligible for tax relief. Employers often reimburse these expenses through mileage allowances. However, employees can claim tax relief for the difference if the reimbursement is less than HMRC’s approved rates or […]
Understanding Partnerships and Their Legal Nature A partnership is one of the most flexible forms of business and can be established with just a verbal agreement. As soon as two or more parties begin working together in a business venture with the aim of making a profit, a partnership is formed—whether they are individuals, companies, […]
Understanding Your Reporting Duties As an employer, if you’ve provided taxable expenses or benefits to your employees during the 2024/25 tax year, it’s essential to fulfil your reporting responsibilities. These include submitting the necessary information to HMRC and ensuring employees receive the relevant details. Your exact obligations will depend on whether or not you’ve chosen […]