HMRC has withdrawn Form 652. How should you notify VAT errors going forward?

HMRC has recently expanded the scope of taxpayers who can arrange a payment plan online. What are the new parameters and conditions?

HMRC has recently expanded the scope of taxpayers who can arrange a payment plan online. What are the new parameters and conditions?

New two-tier mileage rates for electric vehicles

The amount that employers can reimburse staff for business travel in company cars changes from 1 September 2025. What are the new rates, and why is this update different to previous ones?

Can paying interest to your company save tax?

You recently borrowed a substantial sum of money from your company rather than take extra salary or dividends. Your bookkeeper says it might be more tax efficient if your company charged you interest. This sounds counter-intuitive but is it correct?

Reverse charge and end user rules: opportunity?

If you sell construction services to other builders, you need to consider the domestic reverse charge rules. You must apply these where your customer is an end user. How might this create a cash-flow advantage?

How long does a capital loss last?

You’ve made a large capital gain from a recent sale. Capital losses can reduce the amount on which you have to pay tax but the losses you have date back decades and weren’t reported to HMRC. Is it too late to claim tax relief for them?

MONTHLY FOCUS: BREXIT - BUYING AND SELLING GOODS AND SERVICES

Since the UK left the EU almost four years ago, there are new rules and procedures you will need to familiarise yourself with if you want to trade goods and services with EU customers or suppliers. In this Monthly Focus, we look at some of the key ones.

MONTHLY FOCUS: MORE TAX-FREE BENEFITS TO CONSIDER FOR EMPLOYEES

Providing benefits that are exempt from income tax is a great way to reward employees in a tax-efficient way, especially given the recent rise in Employers' NI costs. In this Monthly Focus we look at some more ideas you can use as part of your remuneration planning.

MONTHLY FOCUS: THE KEY TAX CONSIDERATIONS FOR A NEW BUSINESS

In this monthly focus, we take a look at the tax matters that affect new unincorporated businesses in the first year, including dealing with HMRC, the choice of accounting basis, deductible expenses, and dealing with losses.

Should you consider PAYE collection for HICBC?

The 2025 Spring Statement announced the start date for collecting the high income child benefit charge (HICBC) through PAYE. One of our clients who was considering not claiming child benefit altogether, has asked whether they should move to the new PAYE process. What do they need to know?

Do you need to adjust CGT 2024/25 calculation?

If you made a chargeable gain in 2024/25 on or after 30 October 2024, it may be necessary to adjust the capital gains tax (CGT) liability calculated by HMRC’s self-assessment tax return software. When is an adjustment required and how is it calculated?

What are the tax benefits of buying commercial property?

Following the abolition of the furnished holiday lettings regime, you are considering the tax advantages available for commercial property compared to residential property. What are the key factors?

Income tax calculator

The introduction of special tax allowances, rates and rate bands which interact differently depending on your level and type of income has made the calculation of income tax liability far from straightforward. Our calculator can be used to work out your income tax liability, and can be used where you receive any combination of earnings, savings income, dividends and most other types of income. It will also calculate any adjustment required to finance costs relating to letting income.

VAT flat rate scheme tool

HMRC offers a simplified scheme for small businesses to work out and account for VAT. This can offer a financial and administrative advantage.

Company car capital contribution calculator

A company car is taxed according to its list price. This can be reduced if you make a capital contribution towards the purchase of the car. This calculator shows you how much tax could be saved.

Alternative ways to challenge HMRC

After several months of trying to get your point across to HMRC you’re getting nowhere. Might a formal review help resolve the issue and how do you go about applying for one?

Director's or employee's loan account record

Director’s loan account record A taxable benefit in kind may arise where a director is provided with a loan, either interest free or at a rate of interest below HMRC’s official rate (3% for 2016/17). Use this document to calculate what, if anything, you need to declare to HMRC. Make a note Where a cheap rate or interest-free loan is no more than

Dividend waiver

A dividend waiver is a document produced by a sharelder to show that they have given up (waived) their right to one or more dividends that they would otherwise be entitled to. A waiver can be used in income tax and inheritance tax planning but it must be made as a deed or HMRC will not accept its validity.

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HMRC links

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