by admin | Oct 16, 2025 | HMRC notices |
The tax legislation requires the deduction of tax from yearly interest that arises in the UK. This typically refers to interest that is subject to Income Tax or Corporation Tax. The legislation requires the deduction of tax from yearly interest, if: paid by a company,...
by admin | Oct 16, 2025 | Capital Gains Tax |
Business Asset Disposal Relief (BADR) offers a significant tax benefit by reducing the rate of Capital Gains Tax (CGT) on the sale of a business, shares in a trading company or an individual’s interest in a trading partnership. On 6 April 2025, the BADR CGT rate...
by admin | Oct 16, 2025 | HMRC notices |
The remittance basis of taxation for non-UK domiciled individuals (non-doms) was replaced with the new Foreign Income and Gains (FIG) regime from April 2025. This new regime is based on tax residence rather than domicile. Under the new rules, nearly all UK-resident...
by admin | Oct 16, 2025 | Value Added Tax |
Exports from Great Britain or Northern Ireland can be zero-rated for VAT, provided businesses obtain valid export evidence within three months of sale and meet all HMRC documentation rules; accuracy and record-keeping are key to keeping the 0% rate. Businesses are...
by admin | Oct 13, 2025 | Business Support |
In today’s competitive market, many businesses feel pressured to extend generous payment terms to win new contracts. However, offering long or risky credit arrangements can strain cash flow and expose you to unnecessary financial risk. The good news is that...
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