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Understanding VAT Bad Debt Relief

Understanding VAT Bad Debt Relief

Struggling with unpaid invoices? If you've paid VAT to HMRC but never received payment from your customer, you may be able to reclaim that VAT. Learn how bad debt relief works and whether switching to cash accounting could ease your VAT woes. The VAT bad debt...
Still time to repay private fuel costs and avoid tax charge

Still time to repay private fuel costs and avoid tax charge

Use a company car for personal trips? Avoid a hefty tax charge by reimbursing your employer for private fuel by 6 July 2025. It’s called “making good” – and it could save you a chunk in tax if your private mileage is low. To avoid the car fuel...
Statutory Redundancy rights

Statutory Redundancy rights

Redundant? You could receive up to £30,000 tax-free, whether it’s statutory pay or a better deal from your employer. Know your rights, check the 2025-26 limits, and understand how your age and service affect your payout. There is a tax-free threshold of...
Tax relief for landlords replacing domestic items

Tax relief for landlords replacing domestic items

Swapped an old fridge or carpet in your rental property? Landlords can claim tax relief on replacing domestic items – but not if it's an upgrade! Know the rules and save money by claiming what you are entitled. The replacement of domestic items relief allows...
£13.9bn of R&D funding

£13.9bn of R&D funding

The UK government has announced a record-breaking £13.9 billion in research and development (R&D) funding for the coming year. This major investment is designed to drive innovation, create quality jobs, and support long-term economic growth across the...