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PAYE Settlement Agreement (PSA)
If you have a PAYE Settlement Agreement (PSA) in place for 2025/26, you will need to pay the tax and Class 1B…
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Corporation tax penalties
A company tax return must be filed no later than 12 months after the end of the accounting period to which it…
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Incorporation relief claims
When a sole trader transfers their business to a limited company, a chargeable gain may arise on the assets transferred. As the…
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Timely payment of ITSA
Over the summer, HMRC consulted on proposals for the timelier payment of income tax due under Self-Assessment (ITSA). Currently, taxpayers within Self-Assessment…
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Income from side hustles
Many people are taking on a side hustle to make ends meet. This can take various forms, such as selling items online,…
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The Property 118 Tribunal decision
The Property 118 Tribunal case concerned whether Scheme Reference Numbers (SRNs) issued in respect of two sets of arrangements were validly issued. …
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Taxpayers payment dates may change
By now the first quarter’s Making Tax Digital (MTD) submissions should have been made. However, by 12 August, just over 436,000 of…
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Interest relief for properties
The way in which an unincorporated landlord receives tax relief for interest and finance costs depends on whether or not the property…
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Deadlines matter for tax refunds
Not all taxpayers owe money – sometimes they are due a repayment. This may be for a number of reasons and the…
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Ensuring VAT is charged correctly
VAT is often thought of as a relatively simple tax; if a business is VAT registered, 20% VAT is usually charged. However,…
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