Knowledge Keep up to date with the latest in accounting amendments & requirements

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Welcome to our Knowledge Base

Here you will find lots of useful information relating to HMRC guidelines and the latest in guidance.

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Scottish Budget Statement 2025-26

Scottish Budget Statement

Scotland’s 2024 Budget delivers on public priorities with investments in services, poverty reduction, and economic growth. Tax rates stay frozen, but bands shift to protect low incomes. A hopeful step

Launch Your Dream Business: 10 Must-Know Steps

Launch Your Dream Business: Must Know Steps

Starting your own business is exciting but can be overwhelming if you’re not prepared. To help you navigate the journey, we’ve compiled a list of 10 key considerations that will set you up for

Government Unlocks Success for Small Businesses

Government Unlocks Success for Small Businesses

Small businesses across the UK can now access streamlined support and advice through the newly launched Business Growth Service, designed to simplify and enhance the way SMEs engage with government

Tax if you live abroad and sell UK home

Tax if you live abroad and sell UK home

One of the most commonly used and valuable exemptions from Capital Gains Tax (CGT) is for the sale of a family home. Generally, there is no CGT on a property that has been used as your main family

Protect your land and property from fraud

Protect your land and property from fraud

It is important to take the necessary steps to protect your land and property from fraud.

You are at a higher risk if:

Your identity has been stolen
You rent out your property
You live

Transfers of assets abroad

Transfers of assets abroad

A new rule aimed at preventing individuals from using companies to avoid taxes through the Transfer of Assets Abroad (ToAA) provisions applies to income arising to persons abroad on and after 6 April

VAT Flat Rate Scheme overview

VAT Flat Rate Scheme overview

The VAT Flat Rate Scheme allows businesses to pay VAT as a fixed percentage of their total turnover, which includes VAT. The applicable percentage varies based on the business type. This scheme is

Apply for or locate a National Insurance number

Apply for or locate a National Insurance number

If you have lost or forgotten your National Insurance number, there are several ways to retrieve it.

You can find your National Insurance number:

On a document you already possess, such as a P60,

How to interpret your tax code

How to interpret your tax code

The letters in your tax code indicate whether you are entitled to the annual tax-free personal allowance. These codes are updated each year and help employers calculate how much tax should be deducted

Tax Diary January/February 2025

Tax Diary January/February

1 January 2025 – Due date for Corporation Tax due for the year ended 31 March 2024

19 January 2025 – PAYE and NIC deductions due for month ended 5 January 2025. (If you pay your tax electronically

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