Boost for small businesses

April 12th, 2024

In a recent press release, HMRC underlined the benefits to smaller businesses from the increase in the VAT registration threshold and the business rates freeze. Here’s what they said: “Small businesses have received a boost as the VAT registration threshold is raised from £85,000 to £90,000, and £4.3 billion of business rates relief comes into […]

A new acronym

April 9th, 2024

Most readers of our posts will recognise the acronym CGT or IHT -Capital Gains Tax or Inheritance Tax. And the myriad of other taxes that affect most UK taxpayers in or out of business: IT – Income Tax NIC – National Insurance VAT – Value Added Tax But what about MTD? What is MTD? MTD […]

Tax Diary April/May 2024

April 5th, 2024

1 April 2024 – Due date for corporation tax due for the year ended 30 June 2023. 19 April 2024 – PAYE and NIC deductions due for month ended 5 April 2024. (If you pay your tax electronically the due date is 22 April 2024). 19 April 2024 – Filing deadline for the CIS300 monthly […]

Still time to register for the Marriage Allowance

April 5th, 2024

There is still time to register for the marriage allowance before the current tax year ends on 5 April 2024. The marriage allowance applies to married couples and those in a civil partnership where a spouse or civil partner does not pay tax or does not pay tax above the basic rate threshold for Income […]

Check your National Insurance record

April 5th, 2024

There is an online service available on HMRC to check your National Insurance Contributions (NIC) record online. The service is available at In order to use this service, you will need to have a Government Gateway account. If you do not have an account, you can apply to set one up online. By signing […]

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