PAYE Settlement Agreement (PSA) – A Smarter Way to Handle Tricky Staff Expenses
If you’re an employer in the UK, you’ve probably come across situations where you’ve provided a small gift, thrown a staff party, or reimbursed a …
National Insurance changes from April 2025
Last October Chancellor Rachel Reeves announced some far-reaching National Insurance changes which will affect employers from April 2025. She also confirmed the rates applying to …
Spring Statement 2025: A Detailed Analysis
On 26 March 2025, Chancellor Rachel Reeves delivered the Spring Statement, outlining the government’s fiscal policies aimed at ensuring economic stability, reforming public services, and …
End your FHL business by 5 April to benefit
The favourable tax regime that applies to landlords letting furnished holiday accommodation comes to an end on 5 April 2025. For 2025/26 and later tax …
What counts as agricultural property for APR?
Farmers have been hitting the headlines of late following the October 2024 Budget announcement that the rate of agricultural property relief and business property relief …
Relief for interest on mixed residential and commercial properties
The way in which unincorporated landlords obtain relief for interest depends on the nature of the property that they let. Where the property is a …
Tax on Selling Your Company: Cash vs Loan Notes
There comes a time in every business owner’s life when retirement looms and thoughts turn to succession planning. Planning should ideally start two years before …
Defining temporary workplaces and tax implications
Most employees can identify their permanent place of work because it is where they regularly go to work. However, post-Covid, many workers work primarily from …
Online claim for expenses tax relief
Employees who incur expenses in undertaking their job may be able to claim tax relief for those expenses where they are not reimbursed by their …
Timing your payments around the year end
For unincorporated businesses, from 6 April 2024 onwards the cash basis is the default basis of accounts preparation. Unlike the accruals basis under which income …
Time running short to use your 2024/25 personal allowance
Most individuals are entitled to receive a personal allowance. This is the amount that they are able to earn before they pay tax. For 2024/25, …
Action you can take if you are struggling to pay your tax
Tax due under Self Assessment for 2023/24 should have been paid in full by midnight on 31 January 2025, along with the first payment on …
