Tax

News

Businesses say taxman taking ‘aggressive’ approach

Company directors say HMRC twisting arms to pay overdue tax, combined with landlords wanting rent owed and worry over Bounce Back Loan repayments all add to pressure

News

Make December 31 end of tax year, says small business

Poll shows 91% of small businesses want to move from April 6 to January 1 in line with other countries

Accounts & Tax

HMRC to go easy on small business strangled with Covid debt

Kwasi Kwarteng, the business secretary, says HMRC will not press businesses to pay overdue tax immediately if they’re struggling with coronavirus-related debt

Accounts & Tax

Mileage allowance in the UK – what is it and how does it work?

You can claim back hours spent on the road for your small business, whether you’re an employee or self-employed. What are the rules around mileage allowance?

Accounts & Tax

5 most common tax mistakes when you’re self-employed

Getting on the wrong side of the taxman can be extremely unpleasant and costly. Simon Thomas offers 5 tips to help you stay out of trouble

Accounts & Tax

Super-deduction tax break – what is it and how does it work?

The super-deduction tax break means that you can claim 130 per cent of what you spend on equipment for your business against taxable profits

Accounts & Tax

All small businesses to go Making Tax Digital by 2024, Treasury suggests

Small businesses account for £13.4bn of the missing £31bn owed to HMRC each year by people and companies not paying enough tax

Accounts & Tax

Christmas entertaining could leave employers with a tax bill

It's a lovely gesture at this time of year to take the staff out for a celebratory lunch or drinks. However there could be tax implications so best check on what these are

Accounts & Tax

Will you cry over the tax your nanny could cost?

The latest employment tax legislation can be unexpectedly complex when you take on a nanny, as Lesley Stalker explains here.

Law

FSB slams family tax

The Federation of Small Businesses (FSB) has attacked HM Revenue & Customs (HMRC) in a family tax case heard in the House of Lords.

Accounts & Tax

Advice on tax and record keeping

I'm just starting a party plan business for women's clothing, lingerie and adult products. I've just graduated from university and know nothing about the legal side of businesses. What are the most important legal details I need and where can I get detailed advice on VAT and record keeping? I have already registered as a limited company, what next?