Economic Crime and Corporate Transparency Act 2023 – Companies House changes now in effect
13 Mar 2024
The initial provisions of the Economic Crime and Corporate Transparency Act 2023 came into effect on 4 March 2024. These updates mandate that from 5 March 2024, every company must, when submitting their next Confirmation Statement (form CS01): Provide a
Run your business from home? Get to know your VAT entitlement
13 Mar 2024
If you are a business owner and work or run your business from home, then you may be entitled to reclaim VAT on certain costs. In practice, this means that you can reduce the amount of VAT you have to
Holiday accrual to come in for zero-hours workers
13 Mar 2024
Following changes to the Working Time Regulations 1998 in January 2024, further amendments are set to come into force on 1 April 2024 relating to leave entitlement for workers on irregular hours. Upcoming changes will apply to workers on zero-hours
Overhaul of non-dom tax status – What does it mean for those affected?
13 Mar 2024
You may have already heard that the Chancellor, Jeremy Hunt, has announced an end to the preferential tax treatment that non-domiciled individuals (non-doms) currently receive. At the moment, a non-dom – someone living in the UK but domiciled in another
Spring Budget ushers in property tax shake-up
13 Mar 2024
The Chancellor delivered his 2024 ‘Budget for long-term growth’ in the face of an upcoming general election. Although the headlines have been dominated by the news that employee National Insurance Contributions will be cut further to eight per cent, Mr
Spring Budget 2024
6 Mar 2024
Understanding VAT for limited companies and unincorporated businesses
29 Feb 2024
For both limited companies and unincorporated businesses, managing Value Added Tax (VAT) can be a significant challenge, affecting a broad spectrum of business activities.
Short-term let owners to face new planning permission requirements
27 Feb 2024
For owners of an Airbnb or other short-term let properties, new planning legislation is set to come in by Summer 2024, which could lead to new fees and penalties for non-compliance.
HMRC U-turns on its double cab pickups tax decision
20 Feb 2024
HMRC surprised all taxpayers who own a double cab pickup as a company vehicle on 12 February by announcing that these vehicles would be classified as cars and not vans, which would have led to higher National Insurance Contributions (NICs)
Loophole closed: Pickups are now classed as cars (NOT vans)
15 Feb 2024
A dispute between Coca-Cola and HM Revenue & Customs (HMRC) has closed the loophole that previously defined double-cab pickups as vans and now means they will be classed as cars.
