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Correcting errors in VAT returns

Where an error on a past VAT return is uncovered businesses have a duty to correct the error as soon ...

Types of HMRC enquiries

HMRC can enquire into any statutory return (or amendment of that return) or statutory claim to check if the return ...

Falling inflation – what does it mean for you?

The following notes are reproduced from a Treasury statement issued 21 May 2024. Lower inflation supports people by maintaining the ...

New Brooms

As time passes during the present election campaign, its seems more likely that we may have a change of government ...

Tax Diary July/August 2024

1 July 2024 – Due date for corporation tax due for the year ended 30 September 2023. 6 July 2024 ...

Transferring unused IHT residence nil rate band

The Inheritance Tax residence nil rate band (RNRB) is a transferable allowance for married couples and civil partners (per person) ...

Directors and National Insurance

Directors are classed as employees and pay National Insurance on annual income from salary and bonuses that exceed the Primary ...

Statutory Pay assistance

An employer can usually reclaim 92% of employees’ Statutory Maternity, Statutory Paternity, Statutory Adoption, Statutory Parental Bereavement and Statutory Shared ...

Need to register for self-assessment?

There is an online tool, developed by HMRC, that allows taxpayers to check if they need to notify HMRC about ...

Setting up as a sole trader

Setting up in business as a sole trader is arguably the simplest way of starting and running a business. The ...

Filing your tax return early

The 2023-24 tax year ended on 5 April 2024 and the new 2024-25 tax year started on 6 April 2024 ...

World Environment Day 2024: Cultivating a greener future through community and education

In celebration of World Environment Day, we spoke to our clients Christabel Reed and Ruby Reed about the transformative potential ...
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