Accountancy Enterprise News

Statutory Redundancy rights

Redundant? You could receive up to £30,000 tax-free, whether it’s statutory pay or a better deal from your employer. Know your rights, check the 2025-26 limits, and understand how

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Tax relief for landlords replacing domestic items

Swapped an old fridge or carpet in your rental property? Landlords can claim tax relief on replacing domestic items – but not if it’s an upgrade! Know the rules and save money by

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Tax and employee suggestion schemes

Have you set up a suggestion scheme for ideas that could save or earn you money? Employee suggestion schemes can offer up to £5,000 tax-free for valuable input — and even £25

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Still time to repay private fuel costs and avoid tax charge

Use a company car for personal trips? Avoid a hefty tax charge by reimbursing your employer for private fuel by 6 July 2025. It’s called “making good” – and it could

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Understanding VAT Bad Debt Relief

Struggling with unpaid invoices? If you’ve paid VAT to HMRC but never received payment from your customer, you may be able to reclaim that VAT. Learn how bad debt relief works and

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Higher rate tax relief on pension contributions

Want to make the most of your pension savings? You could claim up to 45% tax relief on contributions, plus carry forward unused allowances. Here’s how to boost your retirement pot

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£13.9bn of R&D funding

The UK government has announced a record-breaking £13.9 billion in research and development (R&D) funding for the coming year. This major investment is designed to drive

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UK Responds to New US Tariffs

The UK’s Business and Trade Secretary, Jonathan Reynolds, has set out the government’s position following the United States’ recent imposition of new tariffs on UK exports. These

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Tax Diary May/June 2025

1 May 2025 – Due date for corporation tax due for the year ended 30 July 2024.

19 May 2025 – PAYE and NIC deductions due for month ended 5 May 2025. (If you pay your tax

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