Understanding the Employment Allowance: Why is it so important?

Understanding the Employment Allowance: Why is it so important?

For UK employers, who face a myriad of obligations, responsibilities and challenges in the course of hiring and retaining employees, the Employment Allowance can be a vital financial aid. This blog explores the importance of understanding the Employment Allowance, and

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UK subsidiaries: Do you need an audit?

UK subsidiaries

Many UK subsidiaries of overseas ‘parent’ companies are unaware that they may be required to have an audit. This is concerning given that so many international organisations use UK subsidiaries. This could be to scale up their operations or to

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Airbnb hosts face tax probe and penalties for undeclared income

Airbnb hosts face tax probe and penalties for undeclared income

HM Revenue & Customs (HMRC) are looking into the earnings of Airbnb hosts. Those not declaring their income correctly could face penalties and sanctions. This is part of routine activity to identify individuals not paying the correct amount of tax

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VAT at 50: The evolution of a not so simple tax

VAT at 50: The evolution of a not so simple tax

Value Added Tax (VAT) turned 50 on 1 April 2023. However, many would argue that it still has some growing up to do! Whilst many of us will know something of the biscuit vs. cake debate, this doesn’t even scratch

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ATED revaluations due for 2023/24

ATED revaluations due for 2023/24

Companies taxed under the Annual Tax on Enveloped Dwellings (ATED) scheme are reminded that revaluations are required for 2023/24 returns. ATED annual charge ATED is an annual tax, payable mainly by companies (both UK-resident and non-UK resident) owning residential property

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Tax & business news: January round-up

Tax & business news: January round-up

As we find ourselves at the beginning of another new year, doing our best to pick up where we left off before the festivities, we thought a round-up of the most important tax and business news for January 2023 was

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Tax advisers: Choosing the right one

Tax advisers: Choosing the right one

Whether your tax affairs are straight-forward or complex, tax advisers can act and liaise with HM Revenue & Customs (HMRC), on your behalf. Doing your homework, however, when it comes to choosing the right one for you, is imperative. In

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