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Tips at work

Tips received at work do not count towards your earning for the purposes of the National Minimum Wage. However, you ...
/ Employee Benefits

Definition of living together

There are many tax reliefs available to married couples or civil partners. In many cases, these reliefs are only available ...
/ HMRC notices

Late filing penalties VAT returns

The VAT penalty regime that applies to the late submission and / or late payments of VAT returns changed for ...
/ Value Added Tax

No change to Corporation Tax rates?

The Corporation Tax Main Rate applies to companies with profits exceeding £250,000 and is currently set at 25%. For companies ...
/ Corporation Tax

Update on High Income Child Benefit Charge

Changes to the High Income Child Benefit Charge (HICBC) came into effect on 6 April 2024. The income threshold at ...
/ Income Tax

What is an appropriate address for a company?

One of the key changes introduced as part of the Economic Crime and Corporate Transparency Act (ECCTA) was the introduction ...

Persistence pays off

Persistence in following up leads is a crucial trait in many fields, especially in sales and practice business development. It ...
/ Business Support

Business leaders collaborate to Make Work Pay

British workers are set for better working conditions as the Government takes its first steps towards its Plan to Make ...
/ Employment Law

Paying tax via your tax code

You may be able to have tax underpayments collected via your tax code when you are in employment or in ...
/ Income Tax

What is Gift Hold-Over Relief?

Gift Hold-Over Relief defers the payment of Capital Gains Tax (CGT). It can be claimed when assets, including certain shares, ...
/ Capital Gains Tax

IHT unused Residence Nil Rate Band (RNRB)

The Inheritance Tax Residence Nil Rate Band (RNRB) is a transferable allowance available to married couples and civil partners when ...
/ Inheritance Tax

Do you have a personal tax account?

HMRC’s Personal Tax Accounts (PTAs) serve as an online tool that enables taxpayers to view and update their information in ...
/ Income Tax