Incorporation relief – Remember to claim it
When a sole trader transfers their business to a limited company, a chargeable gain may arise on the assets transferred.…
The Property 118 Tribunal decision
The Property 118 Tribunal case concerned whether Scheme Reference Numbers (SRNs) issued in respect of two sets of arrangements were…
Corporation tax penalties
A company tax return must be filed no later than 12 months after the end of the accounting period to…
Do I need to pay tax on income from my side hustle?
Many people are taking on a side hustle to make ends meet. This can take various forms, such as selling…
Interest relief – Mixed portfolios and mixed-use properties
The way in which an unincorporated landlord receives tax relief for interest and finance costs depends on whether or not…
Ensuring VAT is charged correctly
VAT is often thought of as a relatively simple tax; if a business is VAT registered, 20% VAT is usually…
Rent received from your personal company
Where a personal company is run from the director’s home, the payment of rent by the company for the use…
Simple assessments – What are they?
In the last few months, some taxpayers who possibly have had no dealings with HMRC previously have been receiving letters…
When an incomplete VAT invoice is issued
VAT-registered businesses can generally reclaim VAT on goods and services purchased for business purposes. However, for a claim to succeed…
Contacting HMRC
Contacting HMRC A taxpayer may need to contact HMRC if they have a query about their tax affairs. There are…
Registering late for self-employment – The tax implications
Having made the big decision to start a self-employed business, there will be countless decisions and administrative tasks to attend…
Alternative dispute resolution
The first indication a taxpayer may receive that they are the subject of a tax enquiry or investigation is a…
Community Infrastructure Levy – Beware!
The Community Infrastructure Levy (CIL) is a charge which can be levied by local authorities on new development in their…
Is incorporation relief available to landlords?
Incorporation relief is a valuable relief that allows landlords to postpone the capital gains tax bill that may otherwise arise…
Self-Assessment after bankruptcy
Where a taxpayer has been made bankrupt, their Unique Taxpayer Reference (UTR) expires at the end of the tax year…
SDLT and inter-spouse transfers
Different taxes have different rules, and it is important to consider the full picture. Looking at one tax in isolation…
How to claim relief for excess interest
Landlords running an unincorporated property business obtain relief for interest and finance costs incurred in relation to residential lets (including…
Should your company buy your bike?
Getting around a city by bus, car or taxi can be frustrating, with traffic congestion often making journeys slow and…
Phoenix companies: HMRC’s tougher approach to contrived insolvencies
In November 2025, the government announced a joint strategy involving HMRC, the Insolvency Service and Companies House to crack down…
Temporary reduction in VAT on children’s meals and certain attractions
On 21 May 2026, the Chancellor announced a temporary reduction in the rate of VAT applied to children’s meals and…
Side hustles, online selling and the trading allowance: What you need to know
Whether you sell unwanted items on eBay or Vinted, rent out a property on Airbnb, freelance through online platforms, drive…
Capital expenditure and the cash basis
The cash basis is the default basis of accounts preparation for landlords with annual rental income of £150,000 or less…
VAT on gifts and samples
Businesses which give away free gifts or samples need to be aware of the VAT implications to ensure that they…
How to reduce your employer’s Class 1 National Insurance bill
Employer’s Class 1 National Insurance is a significant cost for employers, being charged at 15% on earnings over the relevant…
Contact from HMRC – Is it genuine?
HMRC use a range of communication methods, as do fraudsters. Consequently, it can be difficult to be certain that a…
Phased introduction of mandatory payrolling
Mandatory payrolling was due to come into effect from 6 April 2027. However, it has now been announced that the…
Passing on the investment property
A landlord will need to consider whether it is better to pass on an investment property during their lifetime or…
How is relief given for pension contributions?
Pension contributions benefit from tax relief. However, the amount of the relief is capped at the lower of 100% of…
Approved mileage allowance payments
The approved mileage allowance payments (AMAP) system allows employers to make tax-free mileage allowance payments to employees who use their…
Cash basis for landlords
As for unincorporated trading businesses, the cash basis is the default basis of accounts preparation for landlords running an unincorporated…
Extracting profits as rent
Where a business is run through a personal or family company, the directors/shareholders will need to extract profits if they…
Utilising the property allowance
The property allowance is essentially an additional personal allowance for income from property. It allows individuals to enjoy property income…
Working From Home Tax Relief Changes from April 2026: What You Need to Know
Working From Home Tax Relief Changes from April 2026 Working from home is now a normal part of working life…
Key Changes & Deadlines Post Budget
As the end of the 2025/26 tax year approaches, individuals and businesses should take advantage of available tax reliefs and…
Making Tax Digital (MTD) for Income Tax: What You Need to Know from April 2026
Making Tax Digital (MTD) for Income Tax is being phased in from 6 April 2026 and will significantly change how…
Online platforms to share sales data with HMRC
While information about individuals’ earnings is now being shared with HMRC, tax rules around online selling have not changed Online…