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South Shields
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Blog

January 20, 2025

Investing in new equipment for your business?

Making a significant investment in new equipment can be a transformative step for a business,
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January 20, 2025

Debt Management Plan

Navigating financial challenges can be daunting, but understanding the tools available can make a
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January 16, 2025

Payrolling employee benefits

Employers can voluntarily register to report and account for tax on certain benefits and expenses
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January 16, 2025

Tax-exempt employee loans

Beneficial loans, where employees benefit from cheap or interest-free loans from their employer,
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January 16, 2025

Online information about a company

A significant amount of online information about companies is available to the public on the
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January 16, 2025

Selling online and paying tax

Selling online? Whether it’s a hobby or a business, you may need to pay tax if your earnings exceed
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January 16, 2025

Penalties for late filing of tax returns

HMRC reports over 63,000 taxpayers filed their returns over the New Year, but 5.4 million still
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January 14, 2025

Beware the legal minefield of the transferring of contractual undertakings

A recent case [London United Busways Ltd. (LUB) v De Marchi and Abellio London [2024] EAT 191]
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January 13, 2025

Ticket touts’ days are numbered

The UK government has unveiled a series of proposals aimed at curbing exploitative practices in the
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January 9, 2025

Tax relief for zero emission cars and electric charge points

Great news for businesses! Tax relief on zero-emission cars and EV charge points has been extended
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January 9, 2025

Future increases in CGT on sale of a business

Planning to sell your business or shares? Capital Gains Tax rates for Business Asset Disposal
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January 9, 2025

What expenses can be claimed against rental income

Are you a landlord? Maximise your rental income by knowing which expenses you can claim to reduce
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January 9, 2025

Finding your National Insurance number

Misplaced your National Insurance number? Do not worry! From checking payslips to using the HMRC
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January 9, 2025

Last month to file 2023-24 tax return

The 31 January 2025 deadline for self-assessment tax returns is fast approaching. Avoid penalties
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January 2, 2025

Inheritance Tax thresholds and the RNRB

Inheritance Tax nil-rate bands remain frozen until April 2030. Learn how this affects estates, the
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January 2, 2025

Using the car fuel rates

Advisory fuel rates for company cars help employers and employees manage fuel costs without
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January 2, 2025

Advising HMRC of employees’ company car details

Ensure compliance with HMRC rules when providing company cars. From P46(Car) submissions to benefit
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January 2, 2025

Capital Gains Tax – the new rates

Capital Gains Tax rates have increased for disposals from 30 October 2024, with further changes
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January 2, 2025

Cash-basis default position for self-employed

The cash basis is now the default for self-employed income reporting. Learn about the key updates,
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January 2, 2025

Tax Diary February/March 2025

1 February 2025 - Due date for Corporation Tax payable for the year ended 30 April 2024. 19
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December 19, 2024

The Substantial Shareholdings Exemption

For companies selling shares, the Substantial Shareholdings Exemption (SSE) can mean significant
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December 19, 2024

When can you recover VAT on a car purchase

Reclaiming VAT on company cars isn’t as simple as it sounds. Generally, businesses can’t recover
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December 19, 2024

New online tax tools for the self-employed

Navigating tax obligations can be daunting for small business owners and sole traders. To make life
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December 19, 2024

Spreading tax payments by using Time to Pay

Can’t pay your tax bill in full by 31 January 2025? HMRC’s online Time to Pay system lets
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December 19, 2024

Claiming Child Benefits online

Over one million parents have now claimed Child Benefit online or via the HMRC app, with 87% of new
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December 17, 2024

Why Protecting Intellectual Property is Important

Intellectual property (IP) refers to creations of the mind, such as inventions, literary works,
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December 17, 2024

Government Forces Water Companies to Double Compensation

The UK government has announced significant reforms to enhance compensation for customers affected
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December 16, 2024

Just because an employee is a lawful resident of the UK does not give them the right to work

A restaurant in Middlesborough recently challenged a civil penalty notice of £15,000 issued by the
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December 12, 2024

Are you eligible to claim the Marriage Allowance?

Could you save up to £1,260 in tax this year? If one of you earns less than £12,570, the Marriage
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December 12, 2024

IHT nil rate band reduction for large estates

Married couples and civil partners may be able to pass on up to £1 million of their estate tax-free
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December 12, 2024

Self-assessment scam warning

Scammers are on the rise as the Self-Assessment deadline nears! HMRC warns that HMRC never emails
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December 12, 2024

No tax changes for online sellers

Selling online? From 2024, digital platforms must report your information to HMRC if sales exceed
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December 12, 2024

Scottish Budget Statement 2025-26

Scotland’s 2024 Budget delivers on public priorities with investments in services, poverty
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December 9, 2024

Launch Your Dream Business: 10 Must-Know Steps

Starting your own business is exciting but can be overwhelming if you’re not prepared. To help you
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December 9, 2024

Government Unlocks Success for Small Businesses

Small businesses across the UK can now access streamlined support and advice through the newly
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December 5, 2024

Protect your land and property from fraud

It is important to take the necessary steps to protect your land and property from fraud. You are
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December 5, 2024

Transfers of assets abroad

A new rule aimed at preventing individuals from using companies to avoid taxes through the Transfer
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December 5, 2024

VAT Flat Rate Scheme overview

The VAT Flat Rate Scheme allows businesses to pay VAT as a fixed percentage of their total
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December 5, 2024

Apply for or locate a National Insurance number

If you have lost or forgotten your National Insurance number, there are several ways to retrieve
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December 5, 2024

How to interpret your tax code

The letters in your tax code indicate whether you are entitled to the annual tax-free personal
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December 3, 2024

Tax Diary January/February 2025

1 January 2025 - Due date for Corporation Tax due for the year ended 31 March 2024 19 January 2025
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December 3, 2024

When it comes to pensions, it is of paramount importance to Re-DOC on time!

A tribunal recently ruled on the failure of a private limited company, El Recruitment Ltd., to
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December 2, 2024

The Likely Effects of Employers’ NIC Increases in 2025

The upcoming increase in Employers’ National Insurance Contributions (NICs) is set to have
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December 2, 2024

Fuel prices report by Competition and Markets Authority (CMA)

Fuel margins of retailers - the difference between what a retailer pays for its fuel and what it
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November 28, 2024

Changes to CGT Investors’ Relief

The rate of Capital Gains Tax (CGT) for Investors’ Relief will rise from 10% to 14% for disposals
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November 28, 2024

Gifts of land and buildings to charities

There are special rules in place for taxpayers who make gifts of land and buildings to charity.
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November 28, 2024

Seven year rule still applies – IHT PETs

There are specific rules regarding the liability to Inheritance Tax (IHT) on gifts made during a
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November 28, 2024

Landlords with undeclared Income

The Let Property Campaign provides landlords who have undeclared income from residential property
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November 28, 2024

Approaching the VAT registration threshold

When approaching the VAT registration threshold there are important matters to consider. The VAT
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November 25, 2024

What are your concerns?

According to the Office for National Statistics as of October 2024, the primary concerns among
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November 25, 2024

What does EBITDA stand for?

EBITDA stands for Earnings Before Interest, Taxes, Depreciation, and Amortisation. It's a widely
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November 21, 2024

Making Tax Digital – the next step

The mandatory rollout of Making Tax Digital (MTD) for Income Tax is set to begin in April 2026. MTD
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November 19, 2024

Bolt ruling seals the case against sham contracts

Despite an appeal, the Courts recently found against Bolt in relation to their attempts to evade
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November 18, 2024

What is an acceptable pensions income?

Determining an acceptable level of pension income for retirement depends on individual
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November 18, 2024

Subscription scams

New proposals to crack down on subscription traps, have been unveiled by the Department for
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November 14, 2024

An overview of salary sacrifice arrangements

A salary sacrifice arrangement involves an agreement by an employee to lower their cash salary in
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November 14, 2024

Tax changes for Furnished Holiday Lets property owners

The current tax benefits for the letting of properties as short-term holiday lets (known as
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November 14, 2024

Limits on Income Tax reliefs

The limit on Income Tax reliefs has applied since 6 April 2013. This measure was the first time a
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November 14, 2024

How to claim a tax refund

If you believe you have overpaid tax to HMRC, you can typically claim a tax refund for the excess
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November 14, 2024

HMRC promotes its app

HMRC has been busy promoting the benefits of using its app. A new advertising campaign launched by
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November 8, 2024

Tax Diary December 2024/January 2025

1 December 2024 - Due date for Corporation Tax payable for the year ended 28 February 2024. 19
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November 7, 2024

Help to Save scheme extended

As part of the recent Budget measures, it has been confirmed that the Help to Save scheme is to be
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November 7, 2024

Changes to Agricultural and Business Property Relief

It was announced as part of the Budget measures that the government will reform these reliefs from
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November 7, 2024

Taxation of double cab pick-ups

The tax treatment of double cab pick-up vehicles (DCPUs) has been clarified as part of the recent
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November 7, 2024

Payrolling of benefits in kind

At Autumn Budget 2024, the government confirmed that it will go ahead with a simplification measure
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November 7, 2024

Budget confirms change in non-dom tax status

It was confirmed as part of the Autumn Budget measures that changes announced by the previous
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November 5, 2024

UK Government’s sweeping changes to UK employment law

The new Employment Rights Bill will end zero-hour contracts and the ease of ‘fire and rehire’,
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November 4, 2024

R&D receives a welcome boost in the Budget

As part of the October Budget the Chancellor announced the highest ever level of government
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November 4, 2024

Keeping an eye on competitors

Keeping an eye on competitors offers crucial advantages, especially in a dynamic market. Here’s why
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October 31, 2024

Autumn Budget 2024 – Higher rates of SDLT

It was announced as part of the Budget measures that the higher rates of Stamp Duty Land Tax (SDLT)
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October 31, 2024

Autumn Budget 2024 – Inheritance Tax changes

A number of changes to Inheritance Tax (IHT) were announced as part of the Budget measures. We have
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October 31, 2024

Autumn Budget 2024 – Capital Gains Tax

In the Budget it was announced that the rates of Capital Gains Tax (CGT) are to be increased with
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October 31, 2024

Autumn Budget 2024 – NIC changes

As had been widely predicted, the Chancellor announced increases to the rate of National Insurance
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October 31, 2024

Autumn Budget 2024 – Minimum Wage increases

The Chancellor of the Exchequer, Rachel Reeves announced significant increases to the Minimum Wage
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October 28, 2024

Is Income Tax morphing into a stealth tax?

It is rumoured that the Chancellor will delay any increase in the Income Tax higher rate tax
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October 28, 2024

Crackdown on insurance fraud

Insurance companies have united to step up efforts to crack down on fraudsters seeking to
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October 24, 2024

Changing your tax return

If you have submitted a self-assessment return and later realise you need to make changes, there
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October 24, 2024

VAT recovery from car leasing payments

The VAT treatment of motor expenses is an important concern for any business that incurs VAT on
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October 24, 2024

Take goods with you to sell abroad

There are specific customs requirements for commercial goods that you take with you to sell abroad.
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October 24, 2024

Changing a company’s year end date

There are specific rules that restrict changing a company’s year-end date, also known as the
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October 24, 2024

HMRC shares 5 common reasons for helpline calls

There are a little over three months remaining to file your self-assessment tax return online for
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October 21, 2024

Recent speculation on forthcoming Budget

There is unlikely to be much to celebrate when Rachel Reeves delivers her first Budget on the 30th
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October 21, 2024

Managing business cashflow

Cash Flow Forecasting Creating a cash flow forecast helps you predict your inflows and outflows,
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October 17, 2024

Pension fund withdrawal options

Most personal pensions set a minimum age at which you can start withdrawing money, typically not
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October 17, 2024

Who qualifies for Tax-Free Childcare?

The Tax-Free Childcare (TFC) scheme helps working families manage childcare costs by providing
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October 17, 2024

Class 4 National Insurance payments

Self-employed individuals are usually required to pay Class 4 National Insurance contributions
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October 17, 2024

Payments on account for self-assessment

Self-assessment taxpayers typically need to pay their Income Tax liabilities in three instalments
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October 17, 2024

Boosting your State Pension

HMRC has issued a new press release reminding readers of a limited-time opportunity to enhance
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October 14, 2024

An outline of the Employment Rights Bill

Legislation has been introduced in Parliament to upgrade UK workers’ rights. The legislation is
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October 14, 2024

New brooms to deliver better pension frameworks

The Department for Work and Pensions has published an outline of the new Pensions Scheme Bill.
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October 10, 2024

Chancellor unveils new measures

Chancellor Rachel Reeves has recently introduced a series of new measures aimed at advancing the
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October 10, 2024

Construction industry – VAT reverse charge

There are special VAT reverse charge rules in place for certain building contractors and
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October 10, 2024

Using the GOV.UK ID Check app

The GOV.UK ID Check app is used to allow applicants to verify their identify when they sign in to a
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October 10, 2024

Service tipping law now in force

New regulations that prohibit employers from withholding tips for employees in the hospitality,
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October 10, 2024

New powers for banks to combat fraudsters

Banks will be granted new powers to delay and investigate payments suspected of fraud, enhancing
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October 9, 2024

New residence-based relief for non-doms

A reminder that the government has stated that it will remove preferential tax treatment based on
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October 9, 2024

Government crack-down on late payers

The government has unveiled new measures to support small businesses and the self-employed by
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October 7, 2024

Tax Diary November/December 2024

1 November 2024 - Due date for Corporation Tax due for the year ended 31 January 2024. 19 November
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October 3, 2024

Tracing lost pension details

An online service is available on GOV.UK at www.gov.uk/find-pension-contact-details to help people
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