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Two new VAT penalty regimes came into effect for VAT periods beginning on and after 1 January 2023, for late filing of VAT returns and…

In February 2022 HMRC suddenly withdrew the interactive online PDF form for reporting expenses and benefits for employees (form P11D). Employers were forced to submit…

For years HMRC has accepted that associate dentists can be treated as self-employed rather than as employees of the dental practice they work for, but…

Electronic sales suppression (ESS) is the term for when a sales till is programmed to hide or reduce the value of individual sales. For example,…

In March we reminded you to check whether your national insurance contribution (NIC) record contains any gaps, and how this could affect entitlement to the…

Many people don‘t realise that they have significant gaps in their National Insurance Contribution (NIC) record, and as a result they won‘t be entitled to…

In his Autumn statement in November 2022, Chancellor Hunt announced cuts to the dividend allowance and the additional tax rate threshold where individuals start to…

Online platforms such as Airbnb are now obliged to provide HMRC with data about the payments it makes to individuals who let rooms on a…

As an individual landlord you can‘t deduct finance costs, including interest, from your residential property rents for tax purposes. Instead, you get tax relief for…