What Is a Director's Loan Account and the Tax Implications?
A director's loan account tracks money owed between a director and their company. Overdrawn accounts trigger Section 455 tax and benefit-in-kind charges.
Understanding Stamp Duty Land Tax for Property Transactions
Stamp Duty Land Tax applies to most UK property purchases over £125,000. Rates, reliefs, surcharges, and how to calculate and pay SDLT.
How to Claim the Seed Enterprise Investment Scheme (SEIS) Relief
SEIS offers 50% income tax relief on investments in qualifying early-stage UK companies — plus CGT exemption and loss relief. How to claim it.
What Is the Research and Development Expenditure Credit (RDEC)?
RDEC is the R&D tax credit available to large companies and some SMEs. How it works, the 20% credit rate, and how to claim from April 2024.
How to Use HMRC's Free Software to File Your Tax Return
HMRC offers free tools to file your Self-Assessment and VAT returns — here is what is available, who can use it, and the limitations.
What Is a Business Expense and What Isn't for UK Tax Purposes?
Understanding exactly what counts as a deductible business expense in the UK — and what HMRC will not allow — is key to accurate tax returns.
Understanding the Construction Industry Scheme (CIS)
The Construction Industry Scheme requires contractors to deduct tax from subcontractors' payments. How CIS works, registration, and avoiding penalties.
How to Deal with an HMRC Compliance Check
An HMRC compliance check can cover VAT, PAYE, Self-Assessment, or Corporation Tax. Here is what to expect and how to respond effectively.
What Is the Annual Tax on Enveloped Dwellings (ATED)?
ATED applies to residential property in the UK owned by companies. Annual charges, reliefs, and how to file your ATED return with HMRC.
How to Claim Tax Relief on Professional Subscriptions
UK employees and self-employed people can claim tax relief on professional subscriptions and membership fees approved by HMRC.
