News

Tax diary: October and November 2026

1 October 2026 – Corporation Tax payment is due for companies with an accounting period ending 31 December 2025, unless ...
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Business expenses when costs have a private element

Self-employed people can deduct allowable business expenses when calculating their taxable profits. However, where a cost has both a business ...
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Could simplified expenses save you time and money?

Self-employed people can choose to use simplified expenses to calculate certain business costs using flat rates rather than working out ...
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Are you paying your staff the correct minimum wage?

Employers must make sure their staff receive at least the National Minimum Wage or National Living Wage rate that applies ...
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When is a company dormant for Corporation Tax?

A company does not have to be formally closed to become dormant for Corporation Tax. A company is usually considered ...
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When can a trading loss generate a tax refund

Making a trading loss whilst not ideal can sometimes generate a tax refund. If you are a self-employed individual or ...
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Is your company paying Corporation Tax at the right rate?

The rate of Corporation Tax payable depends mainly on the level of a company’s taxable profits. The main rate is ...
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Could company dividend rules be changing?

The Government has announced plans to consider major changes to the rules governing when companies can make distributions to shareholder ...
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Nearly 660 employers named for minimum wage failures

The Government has named nearly 660 employers for failing to pay workers the National Minimum Wage, highlighting how costly National ...
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Is your VAT control system strong enough?

A strong VAT control system should clearly identify who is responsible for VAT, document the processes involved and regularly check ...
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Could company distribution rules change?

The tax rules concerning what constitutes a distribution for tax purposes have remained largely unchanged since Corporation Tax was introduced ...
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Predevelopment costs on major developments

Businesses planning major infrastructure and development projects should be aware of a new government consultation on the tax treatment of ...
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UK employers with overseas employees

UK employers with employees who normally work overseas may have PAYE and National Insurance obligations when those employees come to ...
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Received a P800 from HMRC?

HMRC is currently carrying out its annual reconciliation of PAYE for the 2025-26 tax year. Between June and November, HMRC ...
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Summer VAT relief has ended

The temporary 5% reduced rate of VAT introduced for certain children’s meals, tickets and family attractions ended on 1 September ...
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When a discretionary bonus becomes enforceable

Where an employee is promised a discretionary bonus as an incentive, an employer may be held liable for the full ...
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Company accounts are going fully digital

An important change is coming to the way companies file their annual accounts. From 1 April 2028, all UK-registered companies ...
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How Is Your Business Performing?

The latest figures from the Office for National Statistics suggest that conditions remain challenging for many UK businesses. In July ...
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