by admin | Nov 13, 2025 | Uncategorized
Many businesses are still unaware that the VAT late filing and late payment rules now operate on a points-based system, where repeated delays can quickly lead to a £200 penalty and added interest. The VAT late filing penalties regime changed for accounting...
by admin | Nov 10, 2025 | Uncategorized
Current estimates suggest that there are around 5.6 million businesses operating in the UK. This figure comes from the Department for Business and Trade and the Office for National Statistics. What stands out is that most of these businesses are very small. The vast...
by admin | Nov 10, 2025 | Uncategorized
A limited company is a separate legal entity. In normal circumstances, its debts belong to the company, not to the directors. This is one of the central advantages of incorporation. However, the protection is not absolute. Directors have duties in law, and if those...
by admin | Nov 7, 2025 | Uncategorized
1 December 2025 – Due date for Corporation Tax payable for the year ended 28 February 2025. 19 December 2025 – PAYE and NIC deductions due for month ended 5 December 2025. (If you pay your tax electronically the due date is 22 December 2025). 19 December...
by admin | Nov 6, 2025 | Uncategorized
There is a trivial benefit-in-kind (BiK) exemption that applies to small, non-cash gifts (such as a bottle of wine or a bouquet of flowers) that are occasionally given to employees. This exemption enables employers to offer modest, tax-efficient rewards while...
