On 29 October 2018 the Chancellor presented the Autumn 2018 budget. Businesses Annual Investment Allowance (AIA) The Annual Investment Allowance (AIA) provides 100% tax relief on certain capital [...]

The High Income Child Benefit Charge (HICBC) was introduced in January 2013. It relates to the clawback of child benefit for those with income in excess of £50,000 per year. Who does it apply to? [...]

For most businesses, when your turnover exceeds a certain level you must register for VAT and charge VAT on all your sales. Certain businesses are exempt and therefore do not need to register. If [...]

If you provide a company car to an employee there will be a benefit in kind charge. This includes directors of a limited company. What is a benefit in kind? Benefits in Kind (BIKs) are non-cash [...]

This is our second blog about rental income. Here we consider the new restrictions for tax relief on mortgage interest. Click here to see our first blog. Interest relief from 6 April 2017 In the [...]

This is our first of two blogs about rental income from residential lettings.  Our second blog will consider the new tax relief restriction on mortgage interest which came into force from April [...]

Are you just starting out in business? One of the important initial decisions to make is which type of trading structure you should choose. If you are going it alone, you could choose to be a [...]

Tax free childcare is a new HMRC scheme that offers working families in the UK support toward childcare costs. What is it? HMRC will top up every payment of 80p with an extra 20p up to the [...]

From 1 April 2017 HMRC are introducing changes to the flat VAT rate scheme, which could have a significant impact on some small businesses. The flat rate scheme was introduced to reduce the [...]

It’s that time of year again when thoughts turn to Christmas. As a business do you know what gifts you can give your staff without incurring tax or National Insurance (NI)? Do you know what gifts [...]