Have you filed your online Self-Assessment form?

Oct 28, 2022

The clock is ticking for taxpayers, as the countdown to submit online Self-Assessment tax returns has begun. With less than 100 days to go, HM Revenue and Customs (HMRC) is reminding people that they have until 31 January 2023 to submit ...

Blog, Tax

Tax-free shopping for overseas visitors scrapped

Oct 18, 2022

Recent plans to reintroduce tax-free shopping for international visitors in the UK have been scrapped. Last month, former Chancellor, Kwasi Kwarteng reintroduced tax-free shopping as part of his mini-Budget. However, the new Chancellor, Jeremy Hunt, repealed this measure in his fiscal statement ...

Blog, Tax, VAT

Flat Rate Scheme: What do you need to know?

Oct 11, 2022

When running a business, ensuring you get VAT right is vital. So, how can you make things easier? Designed to streamline record-keeping, the VAT Flat Rate Scheme allows you to pay or claim back a simplified fixed rate of VAT to ...

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Corporation Tax rise axed as Chancellor aims for growth

Sep 27, 2022

Chancellor Kwasi Kwarteng's mini-Budget has scrapped a planned rise in Corporation Tax as part of a wide-ranging raft of tax-cutting measures announced last week. The Government says the move to scrap the rise will save £18.7 billion per year by 2026 as ...

Blog, Business accounting, Business Advice, General news, SMEs, Tax, VAT

Fiscal Statement

Sep 23, 2022

With a new King at the Palace and a new Prime Minister at Number 10, it was no surprise that the new Chancellor at Number 11 used his first statement to the House of Commons to signal a ...

Blog, SMEs, Tax

Tourism Tax – Will it help or hamper small tourist businesses?

Sep 14, 2022

Several cities, including those in the UK and the EU, are considering introducing a tax on visitors. There are major implications for introducing such a tax, with many hailing it as a great way to raise much-needed revenue for investment hotspots. On ...

Blog, SMEs, Tax

Can apprentices help with your skills shortage?

Sep 13, 2022

Many UK businesses are having problems with recruitment as the number of job vacancies has soared over the last 12 months. Key staff are also being enticed away by better offers from competitors. It’s a dilemma for SMEs, but also an ...

Blog, SMEs, Tax

What can you do to help your employees? Handy tips to help them cope with the cost of living crisis

Sep 08, 2022

With the ongoing cost of living crisis, people are continually looking for ways to save money. Whilst buying discounted food, choosing cheaper brands of clothing, or strategically filling the car up are all ways you can cut costs, there are several ...

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Changes to R&D tax credits regime introduced

Jul 26, 2022

New changes to the research and development (R&D) tax credits regime have been announced, with an estimated 90,000 companies benefiting. The changes will require people to apply for all reliefs online and pre-registration of claims irrespective of the company’s size. Launching on ...

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Blog, Tax

Have you claimed the working from home tax relief?

Jul 05, 2022

The eligibility criteria for the Government’s work from home tax relief was relaxed during the pandemic, as restrictions prevented many people from physically going to work. Thanks to this, if you were required to work from home for a limited period, ...

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