Category: Tax

The Construction Industry Scheme (CIS) is a scheme that sits under HMRC and applies to subcontractors working for contractors in the construction sector, but not directly as an employee. Essentially,…

For ambitious investors exploring tax-efficient investment opportunities, or entrepreneurs looking to raise valuable capital, several schemes are available. These schemes encourage investment in possibly higher-risk, smaller UK firms by providing…

Paying the correct amount of tax every year is only possible if you have implemented the correct tax code. If you’re a business owner, self-employed professional or an employee in…

Tax avoidance and its consequences continue to be hot topics for businesses, contractors, and self-employed professionals in the UK. Since we extensively covered the differences between tax avoidance and evasion,…

Understanding the evolving UK tax system can feel overwhelming and challenging. For new business owners or those moving from full-time employment to self-employment, a term which you may have heard…

Inheritance tax (IHT) is a complex area and often feels like it’s constantly changing. Understanding IHT thresholds and allowances is, however, vital for anyone concerned about preserving wealth for their…

Getting your business VAT invoices right is vital for complying with HMRC guidelines and ensuring your customers can reclaim VAT on their purchases (if relevant). That said, a properly constructed…

For small and medium-sized enterprises (SMEs), managing day-to-day finances and cash flow remains one of their most significant and challenging tasks. While many business owners focus primarily on increasing sales…

The UK system for inheritance tax is set for a significant overhaul from April 2027, with pension pots now being brought within the scope of IHT for the first time….

HMRC has recently announced that the mandatory payrolling of Benefits in Kind (BIKs) will be delayed until the 6th of April 2027, which was originally planned to take effect in…

Now that we’re in the 2025/26 tax year, understanding any changes or alterations to pension contributions and annual allowance rules is vital. For those who are approaching or thinking about…

Limited company directors must balance a broad range of financial tasks and obligations. One of the many perks of working as a limited company director is taking advantage of all…