Latest News
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Government unveils business rates cuts and late licensing boost for pubs
Pubs will see their business rates cut and licensing rules relaxed under a new support package aimed at reviving high streets and protecting local community hubs. What’s changing and what does it mean for the trade?
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HMRC threatens bogus penalties
Correspondence from HMRC suggests there's a penalty if you don't pay your self-assessment tax bill by Saturday, 31 January. This isn't strictly true, but what are your options if you can't pay on time?
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HMRC updates guidance for claiming new allowance
Qualifying expenditure on plant and machinery can qualify for a 40% first-year allowance from 1 January 2026. HMRC has now updated its guidance to help make claims. What do you need to do?
Newsletters
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Directors’ fees - can you escape PAYE?
You’ve been asked to join the board of a company in a purely advisory role. For tax and NI efficiency you want your fees to be paid to your own company. Does this arrangement fall foul of HMRC’s off-payroll rules?
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Is it really the end of tax relief for homeworking?
In her 2025 Budget the Chancellor announced the end of tax deductions for “non-reimbursed homeworking expenses”. How might the loss of the deduction affect you and is there an alternative tax relief you can take advantage of?
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Get ready for Making Tax Digital for Income Tax
If you’re one of the (un)lucky individuals who need to join Making Tax Digital for Income Tax (MTD IT) from 6 April 2026, you probably know that this involves submitting regular, digital records to HMRC. But what do you need to do to prepare?
Monthly Focus
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MONTHLY FOCUS: AUTO-ENROLMENT - EMPLOYERS' RESPONSIBILITIES
What are an employer's responsibilities with regard to pension schemes and their employees?
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SPECIAL FOCUS - 2025 AUTUMN BUDGET
In this month's focus, we're breaking down the key announcements from the 2025 Autumn Budget
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MONTHLY FOCUS: UNDERSTANDING FURTHER CONCEPTS WITH IR35
A focus taking a deeper look at the practical aspects of IR35. This month, we look at dealing with HMRC, the tax and NI regulations, and the IR35 calculations.
Tools & Calculators
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Income tax calculator
The introduction of special tax allowances, rates and rate bands which interact differently depending on your level and type of income has made the calculation of income tax liability far from straightforward. Our calculator can be used to work out your income tax liability, and can be used where you receive any combination of earnings, savings income, dividends and most other types of income. It will also calculate any adjustment required to finance costs relating to letting income.
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VAT flat rate scheme tool
HMRC offers a simplified scheme for small businesses to work out and account for VAT. This can offer a financial and administrative advantage.
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Company car capital contribution calculator
A company car is taxed according to its list price. This can be reduced if you make a capital contribution towards the purchase of the car. This calculator shows you how much tax could be saved.
Tax Documents
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Alternative ways to challenge HMRC
After several months of trying to get your point across to HMRC you’re getting nowhere. Might a formal review help resolve the issue and how do you go about applying for one?
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Director's or employee's loan account record
Director’s loan account record A taxable benefit in kind may arise where a director is provided with a loan, either interest free or at a rate of interest below HMRC’s official rate (3% for 2016/17). Use this document to calculate what, if anything, you need to declare to HMRC. Make a note Where a cheap rate or interest-free loan is no more than
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Dividend waiver
A dividend waiver is a document produced by a sharelder to show that they have given up (waived) their right to one or more dividends that they would otherwise be entitled to. A waiver can be used in income tax and inheritance tax planning but it must be made as a deed or HMRC will not accept its validity.
Calendar
* All dates are subject to possible adaptations