VAT – opting to tax property
The option to tax is a VAT election that allows businesses to treat supplies of most non-residential land and buildings ...
Claiming to reduce payments on account
Self-assessment taxpayers are usually required to make payments on account to pay their Income Tax liabilities. These are paid in ...
IHT – gifts made with reservation of benefits
Most lifetime gifts are treated as potentially exempt transfers (PETs) for Inheritance Tax (IHT) purposes. In general, these gifts become ...
A reminder of tax-free trivial benefits
Employers looking to provide staff with small gifts or seasonal tokens of appreciation should remember the rules for tax-free trivial ...
Key person policies and tax relief
Many businesses take out “key person” insurance policies to protect against the financial impact of losing an important employee, director ...
Government measures to ease rising fuel costs
The government has announced a package of measures intended to help motorists and businesses manage rising fuel costs following disruption ...
Increase in approved mileage rates
The Chancellor of the Exchequer, Rachel Reeves updated Parliament on 21 May 2026 on the Government’s economic response to the ...
New measures aimed at easing living costs
The Government has announced a new package of measures designed to help households manage rising living costs during the summer ...
Tougher action on late payments
The Government has introduced a landmark new Bill aimed at tackling the growing problem of late payments to small businesses, ...
Landlord tax and National Insurance considerations
When renting out property, landlords may have both Income Tax and National Insurance considerations to consider. However, rental income is ...
VAT Cash Accounting
The VAT Cash Accounting Scheme can help businesses improve cash flow by allowing VAT to be accounted for when customers ...
Can you claim Business Asset Disposal Relief
Business Asset Disposal Relief (BADR) applies to the sale of a business, shares in a trading company, or an individual’s ...
