NEWS Catch up with the latest in accounting news

There are special rules which can apply to farmers and market gardeners that prepare their accounts on accruals basis. This ...

There is still time to claim the super-deduction allowance that offers 130% first-year tax relief. The deduction is available to ...

If you receive no compensation from your employer, you can still claim tax relief for certain costs that arise when ...

The dividend tax allowance was first introduced in 2016 and replaced the old dividend tax credit with an annual £5,000 ...

The new Chancellor, Nadhim Zahawi, has visited a school holiday club in London where he committed to continuing to help ...

Business Asset Rollover Relief, usually referred to as ‘rollover relief’, is a valuable relief that allows for deferral of Capital ...

There are a number of reliefs available that can reduce liability to Inheritance Tax (IHT) when you inherit the estate ...

Where a taxpayer owns a business as a sole trader or in partnership, a capital gain will be deemed to ...

There are no set rules for the way in which you keep your tax records, but they are usually evidenced ...

The Employment Allowance reduces an employer's NIC liability. The current allowance is £5,000. An employer can claim less than the ...

HMRC’s VAT Notice 701/14: food explains what types of foods are zero rated and standard rated for VAT. The notice ...

The definition of a connected person for tax purposes can be complex and varies depending on the circumstances at hand ...

There are many ways that employees can own a stake in their employer's company. However, employee ownership usually refers to ...

HMRC has published a new guidance titled ‘Corresponding with HMRC by email’. The guidance was published on 9 August 2022 ...

The VAT Flat Rate Scheme (FRS) has been designed to simplify the way a business accounts for VAT and in ...

Since 2018, online marketplaces (such as eBay or Amazon) have been required to help tackle online VAT fraud. These measures, ...

The tax treatment of termination payments has changed significantly over recent years. The changes have aligned the rules for tax ...

The final step in bringing a company to a legal end is dissolution. However, one of the important points to ...