Reporting income from FHLs in the 2025/26 tax return
The special tax regime for reporting income from FHLs ( furnished holiday lettings came to an end on 6 April 2025 )From that date, furnished …
SDLT and mixed-use properties
Stamp duty land tax (SDLT and mixed-use properties) applies where a property in England or Northern Ireland is sold for valuable consideration. There are different …
Reporting a residential property gain
A chargeable gain may arise on the disposal of a residential property gain which has not been the owner’s only or main residence throughout. This …
Director loans: When borrowing from your company can be expensiveÂ
Convention has it that in times of high interest rates, director loans borrowing from your company is invariably more tax efficient than borrowing from other …
VAT traps for small businesses: Common compliance mistakes
While the rules regarding VAT compliance may appear straightforward at first glance, there are several common pitfalls that can lead to problems which, if not …
Working from home – The new/old tax rules
For many years, employees required working from home could claim tax relief for additional household expenses incurred personally, even where not reimbursed by their employer. …
Making quarterly returns for MTD for ITSA
Making quarterly returns for MTD for ITSA (Making Tax Digital for Income Tax Self-Assessmen) Making Tax Digital for Income Tax Self-Assessment (MTD for ITSA) is …
Benefits of filing your 2025/26 tax return early
The 2025/26 tax return must be filed online by midnight on 31 January 2027. However, you do not have to wait until the deadline is …
Benefits of an alphabet share structure
Where a business is operated through a limited company, profits need to be extracted if they are to be used personally. Benefits of an alphabet …
Using your ISA allowance 2026/27
How can you use ISA allowance 2026/27 Individual Savings Accounts (ISAs) are tax-free savings accounts. There are four different types of ISA allowance: Individuals must …
Employment Allowance 2026/27 – Can you claim it?
The Employment Allowance 2026/27 is a very valuable allowance which allows eligible employers to reduce their secondary Class 1 National Insurance bill by up to …
Non-resident landlords scheme
The non-resident landlords scheme (NRLS) is a tax deduction scheme for taxing UK rental income of non-resident landlords. Where the let is managed by a …
