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VAT Flat Rate Scheme – what is a limited cost trader?

VAT Flat Rate Scheme – what is a limited cost trader?

The VAT Flat Rate Scheme is designed to simplify the way a business accounts for VAT and, in doing so, reduce the administrative burden associated with VAT compliance. The scheme is available to businesses that expect their annual taxable turnover in the next 12...
Reducing domestic energy costs

Reducing domestic energy costs

Energy costs remain a significant pressure on household budgets, and reducing consumption continues to be one of the most reliable ways to control expenditure. Fortunately, many practical steps can lower usage without reducing comfort. A structured approach often...
Tax Diary May/June 2026

Tax Diary May/June 2026

1 May 2026 – Due date for corporation tax due for the year ended 30 July 2025. 19 May 2026 – PAYE and NIC deductions due for month ended 5 May 2026. (If you pay your tax electronically the due date is 22 May 2026). 19 May 2026 – Filing deadline for...
Increase in employment costs 2026-27

Increase in employment costs 2026-27

From April 2026, the National Minimum Wage and National Living Wage rates have increased, and businesses should ensure payroll systems are updated immediately so that employees receive the correct statutory pay. These changes apply from the start of the 2026-27 tax...
MTD – when the quarterly returns to HMRC are due

MTD – when the quarterly returns to HMRC are due

Making Tax Digital (MTD) for Income Tax began on 6 April 2026 for qualifying taxpayers. Those with qualifying income over £50,000 are now required to maintain digital records and submit updates of trading or property income and expenses using compatible...