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Who is liable to Income Tax at Scottish rates?

Who is liable to Income Tax at Scottish rates?

Where you live determines if you pay Scottish Income Tax. The rules are not based on where you work, who pays you, or national identity, but on your main UK home during the tax year. The definition of a Scottish taxpayer is generally linked to the question...
Are you ready for Companies House ID checks?

Are you ready for Companies House ID checks?

From 2025, Companies House is rolling out new identity verification requirements for directors, people with significant control (PSCs), and anyone forming or managing a UK company. These changes form part of the Economic Crime and Corporate Transparency Act and are...
How AI is changing your business

How AI is changing your business

Artificial intelligence (AI) is no longer something for big tech firms alone – it is becoming a practical tool for small businesses, especially when it comes to financial management and forecasting. We can now harness AI tools to speed up data capture, analyse...
Claiming for uniforms, work clothing and tools

Claiming for uniforms, work clothing and tools

Buying tools or clothing for your job? You could claim tax relief. Check if you qualify and how to get your money back. If you have spent your own money on items essential for your work, such as tools or specialist clothing, HMRC may allow you to claim tax relief,...
Accounting on a cash basis

Accounting on a cash basis

From April 2024, the cash basis is the default method for sole traders and most partnerships when preparing Self-Assessment returns. Designed to simplify tax reporting, the cash basis lets businesses record income and expenses when money actually moves, easing the...