Over the past two years, thousands of taxpayers benefited from the Self-Employment Income Support Scheme (SEISS) before closing in September 2021. The scheme, involving five grant payments, was set up by the Government to support the self-employed, for example, sole traders, who met specific eligibility criteria. As HM Revenue & Customers (HMRC) looks to claw […]

Many UK businesses are already benefitting from the temporary tax relief offered by the super-deduction. However, many more could still be missing out on this vital support. The super-deduction tax relief scheme was introduced on 1 April 2021 and runs until 31 March 2023.  It allows firms investing in qualifying plant and machinery assets to

Employers submit a P11D form to HM Revenue & Customs (HMRC) at the end of every tax year. A P11D outlines the benefits or expenses you have provided to your employees outside of their wages.  You must submit a P11D form by 6 July following the end of the tax year. At the same time,

New Year, new career? Many people lost their jobs during the pandemic or decided to take a new career journey by setting up a new business. We take a look at the start-up trends for 2022.  Whether it is a full-time endeavour or a part-time side hustle, people are looking for ways to make extra

Do you own a second home? Be careful of the new tax rules on holiday lets or you could end up facing tough measures. It was recently announced that the Government would reform business rates relief for owners of second homes – resulting in some holiday let owners facing additional costs of up to £1,000