News

Penalty points for late filing of VAT returns

Many businesses are still unaware that the VAT late filing and late payment rules now operate on a points-based system, ...
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Paying tax arrears using HMRC payment plans

If you are unable to pay your tax bill, it's important to reach out to HMRC as soon as possible ...
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Set up your tax app with HMRC

The free HMRC tax app now provides quick access to tax codes, income history, self-assessment details, National Insurance records and ...
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Check when you can expect a reply from HMRC

HMRC offers a helpful online tool that allows agents and taxpayers to check when they can expect a response to ...
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HMRC contacting sole traders

HMRC is currently contacting certain sole traders by email to reiterate the importance of adjusting business expenses for personal use.The ...
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Enforcement of the minimum wage

The Department for Business & Trade has recently published a report that outlines the government's enforcement of the National Minimum ...
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How many businesses are there in the UK?

Current estimates suggest that there are around 5.6 million businesses operating in the UK. This figure comes from the Department ...
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Directors liability for company debts

A limited company is a separate legal entity. In normal circumstances, its debts belong to the company, not to the ...
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Tax Diary December 2025/January 2026

1 December 2025 - Due date for Corporation Tax payable for the year ended 28 February 2025. 19 December 2025 ...
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Updating your tax code

It is quite common for tax codes to be wrong, particularly if your income or employment situation has changed, so ...
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P45s, P11Ds and P60s – what are they?

Most employees will come across forms such as the P45, P11D and P60 during their working life, and knowing what ...
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Company Voluntary Arrangements

A Company Voluntary Arrangement (also known as a CVA) is a special arrangement that allows a company with debt problems ...
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Tax and trivial benefits

There is a trivial benefit-in-kind (BiK) exemption that applies to small, non-cash gifts (such as a bottle of wine or ...
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Pay for imports declared via the CDS

If your business imports goods into the UK, it is important to be familiar with the Customs Declaration Service and ...
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Tell HMRC about unpaid tax on cryptoassets

Where cryptoasset tokens (also known as cryptocurrency) are held personally, this investment is usually undertaken in the hope of making ...
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About Outbooks Proposal Tool

The Outbooks Proposal Tool is designed for professionals who want to streamline their pricing and proposal process. It is crafted ...
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Tread carefully when using temporary contracts to confer tax breaks

A recent ruling has established that temporary worker arrangements do not constitute a single, continuous employment relationship in which workers ...
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Understanding the responsibilities of company directors

Taking on the role of a company director is more than holding a title. Directors have legal duties that shape ...
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