Using the Enterprise Investment Scheme (EIS) as part of your personal tax planning. The Enterprise Investment Scheme (EIS) is a tax incentivised investment scheme approved by HMRC that UK taxpayers can benefit from. We’re going to take a look at what the tax advantages of EIS are… 1. Income Tax…

You may have seen an article published last week from HMRC in regards to proposed changes around the tax treatment of “Double Cab Pick Ups” following a tax case result regarding Coca Cola. The change was significant with this type of vehicle being proposed to be classed as a car,…

Tax Return Deadline Reasons to file your tax return early. If you need to file a self-assessment return – hopefully you know by now! We have covered off in previous blogs who may be required to complete a tax return each year, but the general principle being that if you…

Tax Return Deadline What happens if I file my tax return late? As a business owner it is essential that you have a clear understanding of your obligations with regards to your tax affairs. If you are required to file a self-assessment tax return, it is important that you are…

We are delighted to have put together our summary of the key announcements from the Spring Statement along with previous announcements that effect the upcoming tax year. The Spring Statement is normally an opportunity for the Chancellor to outline budgetary spends and forecasts, rather than a time when we expect…

As part of HMRC’s extended COVID support measures, it was announced in early January that late filing penalties would be waived for taxpayers who didn’t hit the original filing deadline of 31st January 2022, as long as the return is subsequently filed by no later than 28th February 2022. Although…