Christmas parties, summer barbecues and other annual staff events may qualify for a £150 per-head tax exemption. Here are the rules you need to follow.
Resources – News & Articles
A selection of business news and articles to help make your business a success
Around 600,000 HMRC Penalties Paid by People Owing No Tax in 5 Years
Around 600,000 late-filing penalties have been paid to HMRC in the last five years by some of the lowest earners in the UK despite them not owing any tax, according to Tax Policy Associates. Missing the filing deadline of January 31 for a self-assessment tax return...
Inheritance Tax Receipts Up £800m in a Year – How to Beat the Bill
Inheritance Tax (IHT) receipts from April 2024 to March 2025 have risen by £800m compared to same period the previous year. This is largely a feature of the nil rate band – the amount you can have in your estate before you must pay IHT – and the residence nil rate...
Stamp Duty Thresholds to Fall to Previous Levels from April 1st
Anyone buying a property from April 1, 2025, will face higher levels of Stamp Duty Land Tax (SDLT) in England and Northern Ireland as the Stamp Duty thresholds fall back to their previous levels. The current higher threshold of £250,000 before people start to pay SDLT...
Mixed-Use Property with Stables Pays Less SDLT
Stamp Duty Land Tax (SDLT) is the tax payable on most property purchases within the UK, and the figures for who needs to pay what are set out very clearly by HMRC. But there are times when specific allowances can be made that reduce the amount of SDLT due. Depending...
Do You Need to Pay a Simple Assessment Tax Bill This January?
Most of us have heard about the Self-Assessment tax regime, especially those who are self-employed or who need to declare income outside of their main PAYE job. But some people will have received Simple Assessment letters from HMRC, and they may need to pay a tax bill...
IHT Thresholds Frozen to 2030 and Pensions in by 2027
Inheritance tax is one of the most unpopular taxes in the UK, as many people will pay 40% tax for the first time after they have died. The confirmation in the Budget that the IHT threshold of £325,000 will be frozen until 2030, and that any unused pension that is...
How to Deal with an Estate on Death as Lifetime Gift Clawbacks Rise
Dealing with someone’s death is never easy, and unpicking their affairs once they have gone, especially if there has been no forward planning for this inevitable event, can be very hard on those left behind. This isn’t helped if there are taxes to pay on the estate...
MTD to Expand to Income Tax in 2026 – Get Ready!
The Making Tax Digital (MTD) regime is set to begin applying to income tax soon. The first people to be brought into the regime will be the self-employed and landlords. Although April 2026, which is when relevant taxpayers must sign up to file digitally, sounds a long...
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