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In the UK most basic food stuffs are zero rated. However, the definition of 'basic' is not straightforward and many of the foods are zero rated as a...
11/07/2024
Our new government, and in particular, Rachel Reeves, the new Chancellor, will be responsible for raising the funds that our new government requires...
08/07/2024
Exit can be seen as quitting, especially if the exit discussed is your business interests. But actually, business exit planning is an essential part...
Where a taxpayer owns a business as a sole trader or in partnership, a capital gain will be deemed to arise if the business is converted into a...
04/07/2024
The letters in your tax code signify your entitlement (or not) to the annual tax free personal allowance. The tax codes are updated annually and help...
The Scottish rate of income tax (SRIT) is payable on the non-savings and non-dividend income of those defined as Scottish taxpayers. The definition...
There is no specific requirement for employers to provide employees with transport home. Nevertheless, an employer has a duty of care to their...
Full expensing allows for a 100% first-year capital allowance for qualifying plant and machinery assets and came into effect last April. To qualify...
If you have been in the same job for two years or more and are made redundant you will usually be entitled to redundancy money. The legal minimum that...
If you receive documents from overseas customers or suppliers and you need to translate text into English, have you used Google Translate? It’s a...
01/07/2024
It is pretty much universally accepted that shareholders (usually directors) of small companies take out their remuneration as a small salary - a...
1 August 2024 - Due date for corporation tax due for the year ended 31 October 2023. 19 August 2024 - PAYE and NIC deductions due for month ended 5...