Articles/News


With the new tax year ushering in and the pandemic still at large employers and business people are all in a classic catch-22 as they wonder what the new tax year will bring. However, the government still stays supportive as the extension of furlough continues till September 2021. Let us look at the other personal and business tax changes for the new year i.e., from 6th Apr...

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April 13, 2021


With the self-assessment online deadline moving ever closer the panic amongst people is increasing. However, it isn’t just the deadline that people should fear as criminals are trying to reap the benefit of this paranoia to get customers to share their financial or personal details for their ill-gotten gains. Interestingly, these people boldly declare themselves to be...

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February 06, 2021


If there has ever been a year for dynamism and constant change then it will be 2020 that will be remembered. As we draw close to the end of the year, you’ll find that despite everything that the government and health officials have tried to do – the air of uncertainty still hangs thick. And it is this uncertainty that is making business owners feel even more com...

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January 11, 2021


Any taxpayer may overpay to Her Majesty’s Revenue and Customs (HMRC), and this applies equally to an employee, self-employed, or someone who owns a company. HMRC makes sure that everyone pays their taxes, but at the same time, it also doesn’t want anyone to overpay.

For refund of tax overpayments, there are procedures in place. However, the process is ...

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January 09, 2021


As the market is becoming competitive day by day, in this scenario, it is very much necessary to have an expert who can help in taking the business to the next level. A professional tax advisor will not only help you to get the desired results, but will also help in the accurate financial assessment of ...

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November 17, 2020


The year 2020 has been one of great changes. Businesses have either had to learn to adapt or been pushed out of  contention. The bottom line being – survival is indeed for the fittest as businesses struggle neck to neck amid the market demand that is dwindling in a downwards spiral. The remote working has probably experienced its genesis now with the surge in rem...

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November 11, 2020


UK is always considered to be one of the major driving forces of International business. This is the reason that many overseas companies occasionally or permanently have employees working from the UK. Although compared to many other countries UK has a straightforward tax compliance for employer and employees, still sometimes they may become complicated.

If you are...

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October 23, 2020


HMRC tax investigations is a stressful process which is better prevented than cured later as it may lead to a higher tax bill. In order to avoid getting an HMRC tax investigations in the first place we need to understand the reason that will draw attention of HMRC to our business.

Are you regu...

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October 14, 2020


If you do not pay your tax bills, whether it is your self-assessment tax, Corporation tax, VAT or any other statutory payments, HMRC can go for enforcement action to recover the payments from you. And this arrangement is something most us would like to avoid. Sometimes, this can become a nightm...

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October 05, 2020


HMRC has introduced a new Capital Gain Tax reporting and payment regime from 6th April 2020. This is applicable for both UK resident and Non-UK residents. In this article we have covered the methods that you need to use to report and pay capital gains tax.

You can report and pay Capital Gains Tax due:

1. Using the new HMRC service for ca...

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October 03, 2020


It is a very common perception among the new entrepreneurs that the vast and sometimes ambiguous UK Tax rules are one of the reasons that impedes their growth. And sometimes it can even be a real problem for your business if you are unwary.

In this article we have tried to cover the common Tax traps that you need to avoid when starting a business. Remember you nee...

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September 23, 2020


As a business owner, you juggle many roles and when there are urgent business tasks to do, spending time with your accountants may not be your number one priority. However, if you’re not regularly talking to your tax advisor/accountant and getting tax planning advice from them, then there...

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August 31, 2020


The businesses that rely on social contact are greatly affected due to Covid 19. The forced closures due to the pandemic had a huge impact on certain businesses like hospitality industry. To help them recover temporary reduced VAT Rate is introduced i.e. 5% VAT will be charged on some items that are standard rated.

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August 28, 2020


A question post Brexit has been in minds of all those who import goods from outside UK. The Transition period ends on 1 January 2021 and from then new VAT rules will be applicable on import. What changes will be there on import VAT from 2021?

There will be certain major changes

  •  We charge Zero VAT to a registered EU business. That will now b...

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August 27, 2020


The COVID-19 pandemic has forced many countries to impose lockdown. Many businesses have closed offices and asked their employees to work from home. As a result working from home is no more a novelty now. However, for many employees and employers this new trend has brought additional expenses and arrangements to make. Therefore, the UK government along with other reliefs ha...

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August 12, 2020


The British Chancellor Mr. Rishi Sunak announced temporary VAT payments deferral measures on 20th March 2020 to support businesses with cash-flow problems during the COVID-19 pandemic. It effectively means that all the UK VAT registered businesses that have a VAT payment due between 20th March 2020 and 30th June 2020 can postpone their payments to HMRC until 31st March 2021...

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May 19, 2020


Self-employed people are an important part of UK’s workforce who have clearly been looking for encouragement and support during this national emergency.

HMRC has started contacting around 3.5m taxpayers who may be eligible for the government’s self-employment income support scheme (SEISS) In case they have suffered loss in income, then taxable grant wi...

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May 12, 2020