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What are dividends and how are they taxed

A dividend is a distribution of a company’s profits to its shareholders. Companies may pay dividends in cash or additional ...

The Rent a Room Scheme

The Rent a Room Scheme is a set of special rules designed to help homeowners who rent out a room ...

Tax if selling a second property

You may have to pay Capital Gains Tax (CGT) tax when you sell or dispose of a property that is ...

Tax on inherited property, money or shares

As a general rule, someone who inherits property, money or shares is not liable to pay tax on the inheritance ...

How long should you keep your tax records

Following the deadline for submission of self-assessment tax returns for the 2024–25 tax year, it is a useful time to ...

Estimate your Income Tax for the current tax year

If you are concerned by the continuing pressures on your take-home pay and need some certainty on your Income Tax ...

Companies House blunder

A Companies House blunder has raised concerns after a flaw in the WebFiling service briefly exposed sensitive company data. The ...

When is a “self-employed” contractor a de facto employee?

The employment status of a former bricklayer was recently called into question in establishing liability for asbestos exposure. The widow ...

Business solvency, why it matters

Business solvency refers to a company’s ability to meet its financial obligations as they fall due and to maintain a ...

Exit planning, an essential step for business owners

Many business owners spend years building their companies but give far less attention to planning how they will eventually exit ...

Tax Diary April/May 2026

1 April 2026 - Due date for corporation tax due for the year ended 30 June 2025.19 April 2026 - ...

Still time to top up your pension contributions

With the end of the 2025–26 tax year approaching on 5 April 2026, there is still time for taxpayers to ...

Who will be subject to MTD for IT from 6 April 2026

Taxpayers who are self-employed or receive rental income should check whether they will be subject to Making Tax Digital for ...

Seven million people started new jobs in 2025

New figures published by HMRC show that more than 7 million people started a new job in 2025, an increase ...

Tax allowances frozen for 2026-27

It was confirmed as part of the Autumn Budget that the Income Tax thresholds will continue at their current levels ...

Changes to the calculation of Income Tax

A number of changes to the taxation of dividends, property income and savings income were announced in the Autumn Budget ...

Increase in company late filing penalties

After the end of its financial year, a private limited company must prepare full annual accounts and submit a company ...

Accelerate Return on Investment

The speed with which a business can achieve a return on investment is often just as important as the size ...

Reducing energy consumption

Reducing energy intensity is one of the most practical ways for small businesses to protect themselves from rising energy costs, ...

Loans to Participators

There are special rules to prevent close companies, generally companies controlled by a small group of individuals, from allowing directors ...

What Is a person with significant control?

A person with significant control (PSC) is someone who owns or exercises significant influence over a company. They can also ...

Meaning of “bona vacantia”

Bona vacantia is Latin term meaning “ownerless goods”. The bodies that deal with bona vacantia claims vary across the United ...

Reclaiming VAT on a self-build home project

Reclaiming VAT on a self-build home project can significantly reduce the overall cost of building or converting your property. The ...

Claiming a tax refund from HMRC

If you have paid too much tax to HMRC, you may be able to claim a tax refund. Overpayments can ...