Tax Diary April/May 2025
07/03/20251 April 2025 - Due date for corporation tax due for the year ended 30 June 2024. 19 April 2025 - PAYE and NIC
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Making a negligible value claim with HMRC
06/03/2025A negligible value claim lets taxpayers declare an asset worthless for tax purposes, realising a capital loss without
More...More tax on business disposals from April 25
06/03/2025From April 2025, the Capital Gains Tax rate on Business Asset Disposal Relief rises from 10% to 14%, increasing to 18%
More...Letting out part of your home – claiming lettings relief
06/03/2025Renting out part of your home may affect Capital Gains Tax when you sell. While Private Residence Relief applies,
More...Inheriting spouse’s State Pension
06/03/2025If your spouse or civil partner has passed away, you may inherit part of their State Pension, depending on when you
More...VAT and the goods you use in your own business
06/03/2025Using business goods instead of selling them is usually VAT-free, but some cases require VAT payments. These
More...What is a salary sacrifice?
06/03/2025A salary sacrifice scheme lets employees swap cash salary for non-cash benefits, saving tax and National Insurance. But
More...Sources of funding for small businesses
03/03/2025Starting or growing a small business often requires capital, but securing the right funding can be a challenge.
More...Essential Credit Control for SMEs
03/03/2025A well-structured credit control system is crucial for small businesses to maintain cash flow and reduce the risk of bad
More...Tax-free redundancy payments
27/02/2025If redundancy strikes, you could receive up to £30,000 tax-free. Whether it’s statutory or a more generous employer
More...What’s included in your VAT return
27/02/2025With a £90,000 VAT registration threshold, many UK businesses might wonder whether to register voluntarily.
More...UK residence and tax issues
27/02/2025The UK's shift to the Foreign Income and Gains (FIG) regime from April 2025 changes how foreign income is taxed. If you
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