Overlap relief online tool
The online form for requesting overlap relief information for basis period reform is now live.
MTD simplification
A dramatic simplification of the MTD processes to be introduced in 2026 including no EOPS; cumulative submissions each quarter; and restrictions for complex situations.
Submit VAT claims digitally for DIY house builds
Individuals who build their own home, or complete part of the build project themselves, are entitled to reclaim the VAT paid on materials under the VAT homebuilders scheme.
National insurance rates cut
The Chancellor has announced cuts to national insurance contributions for self-employed taxpayers and employees.
Autumn Statement 2023
On 22 November 2023, Jeremy Hunt delivered the ‘Autumn Statement for Growth’. Against an improving economic backdrop, the Chancellor is keen to stimulate economic growth and highlighted 110 measures for businesses.
Incorporated farm business? Don’t be caught out by ATED
The Annual Tax on Enveloped Dwellings (ATED) which was introduced in 2013, states that all companies owning residential property worth more than £500,000 in the UK will face an extra tax burden.