VAT Annual Accounting

by | Jun 19, 2025 | Value Added Tax | 0 comments

Streamline your VAT reporting with fewer returns and smoother cash flow. The Annual Accounting Scheme makes VAT easier to manage for eligible small businesses. The VAT Annual Accounting Scheme is designed to simplify VAT reporting for smaller businesses with an annual...

Present rates of Corporation Tax

by | Jun 19, 2025 | Corporation Tax | 0 comments

Corporation Tax rises with profit levels. Marginal relief bridges the gap, easing businesses from the 19% small profits rate to the 25% main rate. The Corporation Tax Main Rate applies to companies with profits exceeding £250,000 and is currently set at 25%. For...

2025 Spending Review published

by | Jun 19, 2025 | General | 0 comments

The government’s 2025 Spending Review outlines a major funding boost for healthcare, defence, housing, and infrastructure to support long-term recovery and growth. The 2025 Spending Review was published on 11 June 2025 and outlines the government's plans to...

When do the higher rates of Income Tax apply

by | Jun 19, 2025 | Income Tax | 0 comments

Once your income passes £100,000, your tax-free allowance starts to shrink. Between £100,000 and £125,140, the effective tax rate climbs to 60%, but smart planning can help. If you earn over £100,000 in any tax year your personal allowance is...

Who must send in a tax return

by | Jun 19, 2025 | Income Tax | 0 comments

From self-employment to rental income, there are many reasons you may need to file a Self-Assessment return. Know the triggers and register with HMRC by 5 October if this is your first time. There are a number of reasons why you might need to complete a...