When buying a rental property, you can own it personally or through a limited company. Each option affects how much […]
The penalties will double for companies submitting a Corporation Tax return late from 1st April 2026. This will be legislated […]
An ISA is a tax-efficient savings account that allows you to earn interest without paying tax on it. Currently, individuals […]
From 6 April 2027, the government will create separate tax rates for property income on Unincorporated landlords. The income tax […]
From April 2027, savers in the basic rate tax band will pay 22% in savings income tax, up from the […]
In November Autumn Budget, the Chancellor Rachel Reeves confirmed that the basic and higher rates of dividend tax will rise […]
A business may cancel VAT registration if: You must notify HMRC within 30 days of becoming eligible to deregister. What […]
The UK offers special VAT schemes to help small businesses simplify VAT reporting and improve cash flow. Standard VAT Accounting […]
Some businesses provide both taxable and exempt services. This is common in sectors like finance, education, property, and healthcare. If […]
VAT-registered businesses must keep proper records to meet HMRC requirements. You must keep: Record retention:You must keep VAT records for […]