Taxation of entertainment expenses
Many business gifts and hospitality costs are not tax-deductible under current rules.
Entertainment expenses including providing hospitality and business gifts are common, but the taxation of these expenses is strictly governed by HMRC.
For businesses carrying on a trade, HMRC legislation
Estate valuation for IHT purposes
Before probate begins, you must estimate the estate's value to see if Inheritance Tax applies. This includes valuing the deceased person's money, property and belongings in order to determine if Inheritance Tax (IHT) is due. This process is important even if you are not sure that any tax will be
Found objects and Capital Gains Tax
Items discovered lying on land or buried in the soil, such as antiques or historical objects, are treated as chattels for Capital Gains Tax (CGT) purposes. This remains true even if ownership is tied to the ownership of the land where the item was found. Since these objects were not intended to be
New self-assessment services announced by HMRC
New digital services have been launched that aim to make filing and managing tax returns quicker and less stressful.
These improvements are part of HMRC’s Transformation Roadmap, which sets out over 50 projects to modernise the UK’s tax system by 2030.
Among the new features are:
improvements
Shared home ownership
Shared home ownership offers a more accessible route to owning a home for those who cannot afford the full deposit or mortgage on a property that suits their needs. Under this scheme, buyers purchase a share of a property, typically between 10% and 75% of its market value and pay rent on the
Food Matters
All
- All
- AI assistant
- Budget Summary
- Business
- Business Support
- Buy-to-Let Investments
- Buy-to-Let Opportunities
- Capital allowances
- Capital Gains Tax
- Car Financing
- Commercial Property
- Commercial Real Estate
- Construction Industry Scheme
- Corporate Governance & Regulation
- Corporation Tax
- CRM
- Customs Duties
- Electric Vehicles
- Employee Benefits
- Employment & Payroll
- Employment Law
- Excise duties
- General
- Health
- Health
- HMRC notices
- Income Tax
- Inheritance Tax
- Insurance
- Investment
- Leasing Options
- Loans
- National Insurance
- Overseas personal tax issues
- Payroll
- Pension
- Personal
- Property Investments
- Property Law and Taxation
- Residential Property
- Sports
- Stamp Duty Land Tax
- Tax Diary
- Travel
- Used Car Market
- Value Added Tax
- Vehicle Acquisition
- Videos
Applying for a National Insurance number
Working or claiming benefits in the UK? You may need to apply for a National Insurance number first. If you do not already have one, your NI number is essential for tracking tax, National Insurance contributions and accessing certain government services. While most UK residents receive their number
Food Matters
All
- All
- AI assistant
- Budget Summary
- Business
- Business Support
- Buy-to-Let Investments
- Buy-to-Let Opportunities
- Capital allowances
- Capital Gains Tax
- Car Financing
- Commercial Property
- Commercial Real Estate
- Construction Industry Scheme
- Corporate Governance & Regulation
- Corporation Tax
- CRM
- Customs Duties
- Electric Vehicles
- Employee Benefits
- Employment & Payroll
- Employment Law
- Excise duties
- General
- Health
- Health
- HMRC notices
- Income Tax
- Inheritance Tax
- Insurance
- Investment
- Leasing Options
- Loans
- National Insurance
- Overseas personal tax issues
- Payroll
- Pension
- Personal
- Property Investments
- Property Law and Taxation
- Residential Property
- Sports
- Stamp Duty Land Tax
- Tax Diary
- Travel
- Used Car Market
- Value Added Tax
- Vehicle Acquisition
- Videos
When can you deregister for VAT?
Considering VAT deregistration? Whether compulsory or voluntary, knowing the rules, deadlines and risks of delay can save your business from costly penalties.
The decision to
Food Matters
All
- All
- AI assistant
- Budget Summary
- Business
- Business Support
- Buy-to-Let Investments
- Buy-to-Let Opportunities
- Capital allowances
- Capital Gains Tax
- Car Financing
- Commercial Property
- Commercial Real Estate
- Construction Industry Scheme
- Corporate Governance & Regulation
- Corporation Tax
- CRM
- Customs Duties
- Electric Vehicles
- Employee Benefits
- Employment & Payroll
- Employment Law
- Excise duties
- General
- Health
- Health
- HMRC notices
- Income Tax
- Inheritance Tax
- Insurance
- Investment
- Leasing Options
- Loans
- National Insurance
- Overseas personal tax issues
- Payroll
- Pension
- Personal
- Property Investments
- Property Law and Taxation
- Residential Property
- Sports
- Stamp Duty Land Tax
- Tax Diary
- Travel
- Used Car Market
- Value Added Tax
- Vehicle Acquisition
- Videos
The importance of discretion – don’t send inappropriate messages during working...
An Employment Tribunal confirmed that using an employer's preferred method of communicating with employees to send offensive messages can serve as a ground for dismissal. A
Food Matters
All
- All
- AI assistant
- Budget Summary
- Business
- Business Support
- Buy-to-Let Investments
- Buy-to-Let Opportunities
- Capital allowances
- Capital Gains Tax
- Car Financing
- Commercial Property
- Commercial Real Estate
- Construction Industry Scheme
- Corporate Governance & Regulation
- Corporation Tax
- CRM
- Customs Duties
- Electric Vehicles
- Employee Benefits
- Employment & Payroll
- Employment Law
- Excise duties
- General
- Health
- Health
- HMRC notices
- Income Tax
- Inheritance Tax
- Insurance
- Investment
- Leasing Options
- Loans
- National Insurance
- Overseas personal tax issues
- Payroll
- Pension
- Personal
- Property Investments
- Property Law and Taxation
- Residential Property
- Sports
- Stamp Duty Land Tax
- Tax Diary
- Travel
- Used Car Market
- Value Added Tax
- Vehicle Acquisition
- Videos
Top 10 Tips for Investing in Property in the UK for...
Investing in property in the UK can be a lucrative way to build wealth and generate long-term financial stability. However, with the ever-changing real...
Food Matters
All
- All
- AI assistant
- Budget Summary
- Business
- Business Support
- Buy-to-Let Investments
- Buy-to-Let Opportunities
- Capital allowances
- Capital Gains Tax
- Car Financing
- Commercial Property
- Commercial Real Estate
- Construction Industry Scheme
- Corporate Governance & Regulation
- Corporation Tax
- CRM
- Customs Duties
- Electric Vehicles
- Employee Benefits
- Employment & Payroll
- Employment Law
- Excise duties
- General
- Health
- Health
- HMRC notices
- Income Tax
- Inheritance Tax
- Insurance
- Investment
- Leasing Options
- Loans
- National Insurance
- Overseas personal tax issues
- Payroll
- Pension
- Personal
- Property Investments
- Property Law and Taxation
- Residential Property
- Sports
- Stamp Duty Land Tax
- Tax Diary
- Travel
- Used Car Market
- Value Added Tax
- Vehicle Acquisition
- Videos
Employment Restrictions After Termination: Be Cautious
Kau Media Group (KMG) Ltd. sought to enforce two post-termination employment restriction (PTRs) contained in a contract of employment to restrict Mr. Hart, a former employee, from
Food Matters
All
- All
- AI assistant
- Budget Summary
- Business
- Business Support
- Buy-to-Let Investments
- Buy-to-Let Opportunities
- Capital allowances
- Capital Gains Tax
- Car Financing
- Commercial Property
- Commercial Real Estate
- Construction Industry Scheme
- Corporate Governance & Regulation
- Corporation Tax
- CRM
- Customs Duties
- Electric Vehicles
- Employee Benefits
- Employment & Payroll
- Employment Law
- Excise duties
- General
- Health
- Health
- HMRC notices
- Income Tax
- Inheritance Tax
- Insurance
- Investment
- Leasing Options
- Loans
- National Insurance
- Overseas personal tax issues
- Payroll
- Pension
- Personal
- Property Investments
- Property Law and Taxation
- Residential Property
- Sports
- Stamp Duty Land Tax
- Tax Diary
- Travel
- Used Car Market
- Value Added Tax
- Vehicle Acquisition
- Videos
Do you have additional income streams?
Side income over £1,000 may mean filing a tax return. HMRC is urging part-time earners to check their tax position for 2024-25, especially if they earn from casual work, renting, or crypto.
If you are earning extra income it is important to be aware of the tax implications.
The good news is there
Food Matters
All
- All
- AI assistant
- Budget Summary
- Business
- Business Support
- Buy-to-Let Investments
- Buy-to-Let Opportunities
- Capital allowances
- Capital Gains Tax
- Car Financing
- Commercial Property
- Commercial Real Estate
- Construction Industry Scheme
- Corporate Governance & Regulation
- Corporation Tax
- CRM
- Customs Duties
- Electric Vehicles
- Employee Benefits
- Employment & Payroll
- Employment Law
- Excise duties
- General
- Health
- Health
- HMRC notices
- Income Tax
- Inheritance Tax
- Insurance
- Investment
- Leasing Options
- Loans
- National Insurance
- Overseas personal tax issues
- Payroll
- Pension
- Personal
- Property Investments
- Property Law and Taxation
- Residential Property
- Sports
- Stamp Duty Land Tax
- Tax Diary
- Travel
- Used Car Market
- Value Added Tax
- Vehicle Acquisition
- Videos
Reversal of requirement to report more detailed employee hours paid
The government has scrapped plans for detailed PAYE reporting of employee hours from April 2026, citing concerns over cost, complexity, and practicality. Employers will stick with
Travel Guides
All
- All
- AI assistant
- Budget Summary
- Business
- Business Support
- Buy-to-Let Investments
- Buy-to-Let Opportunities
- Capital allowances
- Capital Gains Tax
- Car Financing
- Commercial Property
- Commercial Real Estate
- Construction Industry Scheme
- Corporate Governance & Regulation
- Corporation Tax
- CRM
- Customs Duties
- Electric Vehicles
- Employee Benefits
- Employment & Payroll
- Employment Law
- Excise duties
- General
- Health
- Health
- HMRC notices
- Income Tax
- Inheritance Tax
- Insurance
- Investment
- Leasing Options
- Loans
- National Insurance
- Overseas personal tax issues
- Payroll
- Pension
- Personal
- Property Investments
- Property Law and Taxation
- Residential Property
- Sports
- Stamp Duty Land Tax
- Tax Diary
- Travel
- Used Car Market
- Value Added Tax
- Vehicle Acquisition
- Videos
Healthy Life
All
- All
- AI assistant
- Budget Summary
- Business
- Business Support
- Buy-to-Let Investments
- Buy-to-Let Opportunities
- Capital allowances
- Capital Gains Tax
- Car Financing
- Commercial Property
- Commercial Real Estate
- Construction Industry Scheme
- Corporate Governance & Regulation
- Corporation Tax
- CRM
- Customs Duties
- Electric Vehicles
- Employee Benefits
- Employment & Payroll
- Employment Law
- Excise duties
- General
- Health
- Health
- HMRC notices
- Income Tax
- Inheritance Tax
- Insurance
- Investment
- Leasing Options
- Loans
- National Insurance
- Overseas personal tax issues
- Payroll
- Pension
- Personal
- Property Investments
- Property Law and Taxation
- Residential Property
- Sports
- Stamp Duty Land Tax
- Tax Diary
- Travel
- Used Car Market
- Value Added Tax
- Vehicle Acquisition
- Videos
Reminder of Employer’s NIC changes from April 25
From 6 April 2025, employers will face a 1.2% rise in National Insurance contributions, alongside a lower NICs threshold. However, an increased Employment Allowance aims to ease
Present rates of Corporation Tax
Corporation Tax rises with profit levels. Marginal relief bridges the gap, easing businesses from the 19% small profits rate to the 25% main rate.
The Corporation Tax Main Rate applies to companies with profits exceeding £250,000 and is currently set at 25%. For companies with profits up to
Healthy Life
All
- All
- AI assistant
- Budget Summary
- Business
- Business Support
- Buy-to-Let Investments
- Buy-to-Let Opportunities
- Capital allowances
- Capital Gains Tax
- Car Financing
- Commercial Property
- Commercial Real Estate
- Construction Industry Scheme
- Corporate Governance & Regulation
- Corporation Tax
- CRM
- Customs Duties
- Electric Vehicles
- Employee Benefits
- Employment & Payroll
- Employment Law
- Excise duties
- General
- Health
- Health
- HMRC notices
- Income Tax
- Inheritance Tax
- Insurance
- Investment
- Leasing Options
- Loans
- National Insurance
- Overseas personal tax issues
- Payroll
- Pension
- Personal
- Property Investments
- Property Law and Taxation
- Residential Property
- Sports
- Stamp Duty Land Tax
- Tax Diary
- Travel
- Used Car Market
- Value Added Tax
- Vehicle Acquisition
- Videos
Inheriting spouse’s State Pension
If your spouse or civil partner has passed away, you may inherit part of their State Pension, depending on when you reached pension age. Find out what you could claim, from basic
Business Asset Disposal Relief rates from April 2025
Business Asset Disposal Relief (BADR) provides a reduced Capital Gains Tax (CGT) rate on the sale of a business, shares in a trading company, or an individual's interest in a
Most Popular
Most Popular
Most Popular
Most Popular
Most Popular
Most Popular
Most Popular
Most Popular
Taxation of entertainment expenses
Many business gifts and hospitality costs are not tax-deductible under current rules.
Entertainment expenses including providing hospitality and business gifts are common, but the taxation of these expenses is strictly governed by HMRC.
For businesses carrying on a trade, HMRC legislation
Estate valuation for IHT purposes
Before probate begins, you must estimate the estate's value to see if Inheritance Tax applies. This includes valuing the deceased person's money, property and belongings in order to determine if Inheritance Tax (IHT) is due. This process is important even if you are not sure that any tax will be
Found objects and Capital Gains Tax
Items discovered lying on land or buried in the soil, such as antiques or historical objects, are treated as chattels for Capital Gains Tax (CGT) purposes. This remains true even if ownership is tied to the ownership of the land where the item was found. Since these objects were not intended to be
New self-assessment services announced by HMRC
New digital services have been launched that aim to make filing and managing tax returns quicker and less stressful.
These improvements are part of HMRC’s Transformation Roadmap, which sets out over 50 projects to modernise the UK’s tax system by 2030.
Among the new features are:
improvements
Shared home ownership
Shared home ownership offers a more accessible route to owning a home for those who cannot afford the full deposit or mortgage on a property that suits their needs. Under this scheme, buyers purchase a share of a property, typically between 10% and 75% of its market value and pay rent on the
Culture
Sport News
All
- All
- AI assistant
- Budget Summary
- Business
- Business Support
- Buy-to-Let Investments
- Buy-to-Let Opportunities
- Capital allowances
- Capital Gains Tax
- Car Financing
- Commercial Property
- Commercial Real Estate
- Construction Industry Scheme
- Corporate Governance & Regulation
- Corporation Tax
- CRM
- Customs Duties
- Electric Vehicles
- Employee Benefits
- Employment & Payroll
- Employment Law
- Excise duties
- General
- Health
- Health
- HMRC notices
- Income Tax
- Inheritance Tax
- Insurance
- Investment
- Leasing Options
- Loans
- National Insurance
- Overseas personal tax issues
- Payroll
- Pension
- Personal
- Property Investments
- Property Law and Taxation
- Residential Property
- Sports
- Stamp Duty Land Tax
- Tax Diary
- Travel
- Used Car Market
- Value Added Tax
- Vehicle Acquisition
- Videos
Tax returns for a deceased taxpayer
You may need to submit tax returns for someone who has died. As the personal representative, you are legally responsible for reporting income earned before and after death.
This person, known as the ‘personal representative’, is legally responsible for dealing with the deceased’s money, property
Tax-free redundancy payments
If redundancy strikes, you could receive up to £30,000 tax-free. Whether it’s statutory or a more generous employer offer, understanding your entitlements and the latest caps on
Can you reduce your 31 July tax payment on account
Expecting lower profits 2024-25 compared to 2023-24? You can ask HMRC to reduce your 31 July 25 tax payment on account. Act early to manage cash flow. Use your online account or we
CIS monthly returns obligations
The Construction Industry Scheme (CIS) requires contractors to deduct tax from subcontractor payments and file monthly returns with HMRC. Even if no payments are made, nil returns
Investing in commercial property in the UK: Is it worth it?
Discover the pros and cons of commercial property investments in the UK. From office spaces to retail units, understand the potential returns and risks...
