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When can you deregister for VAT?

When can you deregister for VAT?

Considering VAT deregistration? Whether compulsory or voluntary, knowing the rules, deadlines and risks of delay can save your business from costly penalties. The decision to deregister for VAT may be necessary or beneficial in a range of circumstances. Whether...
Deadline for paying Class 1A NIC

Deadline for paying Class 1A NIC

Employers must pay Class 1A NICs on 2024–25 benefits by 19 July (22 July if paying electronically). Avoid penalties by meeting deadlines and using correct references. Employers are reminded of the upcoming Class 1A National Insurance contributions (NICs)...
HMRC interest rates following Bank of England rate cut

HMRC interest rates following Bank of England rate cut

Following a Bank Rate cut to 4.25%, HMRC late payment and repayment interest rates will drop from 19 and 28 May 2025. Check which taxes this affects. The Bank of England’s Monetary Policy Committee (MPC) met on 8 May and, in a narrow 5–4 vote, decided to...
MTD for Income Tax deadline is approaching

MTD for Income Tax deadline is approaching

MTD for Income Tax starts 6 April 2026 for the self-employed and landlords with £50k+ income. Plan early to stay compliant and avoid disruption. MTD represents one of the most significant overhauls to the self-assessment regime since its introduction in 1997....