Eight in ten small businesses are finding it difficult to recruit staff, according to a report published by the Federation of Small...

HMRC will raise interest rates on tax debt from 11 October following the 0.5% increase in the base rate. This means that the late payment...

Action Fraud has warned that criminals are using the ongoing cost-of-living crisis to target the public with energy rebate scams. Action...

HMRC has published more details on how Making Tax Digital for Income Tax (MTD for IT) will work for buy-to-let landlords and sole traders...

The level at which people start paying national insurance rose from £9,880 to £12,570 from 6 July. According to the government, 30...

The Recovery Loan Scheme (RLS) will be relaunched during August 2022 as the government aims to continue supporting recovering small...

HMRC has issued a reminder that married couples may be missing out on up to £252 per year by failing to claim the marriage allowance. As...

Generally, the time limit for amending a tax return is one year from the due date. But sometimes, it transpires that the tax calculation...

In most cases, it is beneficial to offset trading losses against income - whether that means sideways loss relief against general income...

Q. I've decided that the cash accounting scheme isn't working for my business anymore. I'm intending to revert to standard VAT accounting...

Following the decision by the Bank of England to increase the base rate, HMRC has confirmed that the late payment interest rate rose a...

A partnership agreement to establish two green freeports in Scotland has been reached between the Scottish and UK governments. The...

Businesses are being encouraged to apply for remaining coronavirus (COVID-19) grant funding from local authorities. Hospitality, leisure...

The Statutory Sick Pay Rebate Scheme (SSPRS) will close on 17‌‌‌ ‌March‌‌‌ ‌2022. The SSPRS was reintroduced by the government on 21...

Although the new penalty regime to replace the default surcharge has been delayed until January 2023, the expansion of compulsory...

1 - Due date for payment of Corporation Tax for accounting periods ending 31 May 2021 7 - Electronic VAT return and payment due for...

Some small company owners bring in adult children to take over the day to day running of the business as they approach retirement. There...

Suppose that a business has been paying its suppliers' invoices for many years without really giving too much thought to the VAT being...

Q. We have just purchased a second property, which we intent to occupy at weekends to escape the hectic city life. We're both in our 50s...

HMRC has warned that businesses must declare any coronavirus (COVID-19) support grants or payments on their company tax returns and...