In two previous articles, I discussed the topics of VAT and Making Tax Digital for income tax (“MTD”). While the introduction of MTD (which has been much delayed until April 2026) will impose an increased administrative burden on small businesses, I also think it could provide an opportunity with VAT. Read more
It’s July, normally the start of summer holidays, and generally a time to relax and enjoy the weather. However, if you file a tax return, there is a good chance you will have received a letter from HMRC requesting a tax payment – that’s always enough to spoil a delicious Read more
With advent upon us, let me spread festive cheer by reminding you of the various tax traps you can fall into at a Christmas time. Christmas Parties Let’s start with Christmas parties. You can spend up to £150 per head at an annual party without incurring any employment taxes and Read more
Several years ago, HMRC announced they had big plans bringing the tax system into the 21st Century with something they called Making Tax Digital (“MTD”). Admittedly, at the time, I was somewhat surprised. After all, I have not submitted much by paper to HMRC for years. VAT returns, payroll, self-assessment Read more
An odd side effect of Covid is the rescheduling of all games so that football is seemingly on TV all the time. You find yourself watching the Monday, 4am kick-off between Burnley and Crystal Palace just because you have James Tarkowski as captain in your fantasy football team. Last weekend’s Read more