We are still waiting for the government to introduce secondary legislation that will oblige directors and others with significant control – so-called PSCs – to verify their identity in order to file documents or set up a company at...

The following changes were enacted from 6 April 2024. These changes apply to England, Wales and Scotland. Northern Ireland is not included as employment law is devolved.

The information that follows is reproduced from a post on the...

Companies House are working on detailed changes that will require small and micro sized companies to file information about their turnover and profits at Companies House.

Once filed, this data will be available to anyone searching...

In a recent press release, HMRC underlined the benefits to smaller businesses from the increase in the VAT registration threshold and the business rates freeze.

Here’s what they said:

“Small businesses have received...

Most readers of our posts will recognise the acronym CGT or IHT -Capital Gains Tax or Inheritance Tax. And the myriad of other taxes that affect most UK taxpayers in or out of business:

• IT – Income Tax
• NIC –...
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1 April 2024 - Due date for corporation tax due for the year ended 30 June 2023.

19 April 2024 - PAYE and NIC deductions due for month ended 5 April 2024. (If you pay your tax electronically the due date is 22 April 2024).

19...

There is still time to register for the marriage allowance before the current tax year ends on 5 April 2024. The marriage allowance applies to married couples and those in a civil partnership where a spouse or civil partner does not pay tax or...

There is an online service available on HMRC to check your National Insurance Contributions (NIC) record online. The service is available at Read More...

HMRC has been forced into an embarrassing climbdown on plans to close the Self-Assessment, VAT and PAYE helplines from early April until September this year. HMRC has now confirmed that these helpline changes have been abandoned following...

If you read our post of last week, Property Tax Changes, you will be aware that the Chancellor recently confirmed – as part of his Spring Budget – that the present tax advantages that owners of Furnished Holiday Let (FHL) property...