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 13, 2025 | Uncategorized
HMRC is currently contacting certain sole traders by email to reiterate the importance of adjusting business expenses for personal use.The email explains:why personal use must be adjusted on your self-assessment tax return; andwhat you need to do if your business...
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
It is quite common for tax codes to be wrong, particularly if your income or employment situation has changed, so it is worth taking a few moments to check that HMRC has the correct information about you. HMRC usually updates your tax code automatically when your...
