Tax Diary June/July 2025
1 June 2025 - Due date for corporation tax due for the year ended 31...
Definition of R&D for tax purposes
When claiming tax relief or capital allowances on R&D, it’s crucial to ensure activities meet...
Tax treatment of income after cessation
After a business closes, income can still arise. Post-cessation receipts must be properly reported and...
Tax refunds for dissolved companies
Dissolving a company ends its legal existence — but unresolved assets become property of the...
Tax relief if required to work from home
If employees must work from home and their employer does not reimburse certain costs, they...
Is income from hobbies taxable?
Not every money-making hobby counts as a business for tax purposes. Knowing when a hobby...
State Benefits – What is taxable and what is not
Not all state benefits are tax-free! Some, like the State Pension and Carer’s Allowance, are...
Cybersecurity
Cybersecurity might sound like something only big corporations need to worry about, but in truth...
Access to Funding and Credit
For many small business owners, getting access to funding feels like trying to squeeze water...
VAT Road Fuel Scale Charges
The new VAT road fuel scale charges applicable from 1 May 2025 to 30 April...
Repeal of furnished holiday lets regime
From April 2025, holiday lets lose their special tax treatment. Landlords must prepare for new...
Reminder of Employer NIC changes from April 25
A reminder that increases to the rate of National Insurance contributions (NICs) that are paid...
Less than a year before MTD for Income Tax starts
MTD for Income Tax kicks off in April 2026 for those earning over £50k. Digital...
Have you set up your Personal Tax Account yet?
Skip the phone queues. Your Personal Tax Account lets you manage everything from tax codes...
More in line for savings boost
From April 2025, more low-income workers on Universal Credit can join Help to Save. Save...