Category Archives: Taxation

UK Spring Budget 2024: Key announcements for landlords and small businesses

8 min read The UK Spring Budget 2024 was announced on 6 March and featured various plans for government spending and forecasts on the state of our economy.   Several of the new budget announcements significantly affect the property sector, such as the removal of tax advantages for holiday lettings and reductions to National Insurance […]

UK Spring Budget 2023: Top key announcements

Banner Image- UK budget 2023: Top key announcements

The Spring Budget Statement for 2023 builds on the stability created by last year’s announcements. It focuses on working towards achieving three of the five pledges made by UK Prime Minister Rishi Sunak: halving inflation, reducing debt, and growing the economy.   The government aims to influence society through tax and financial systems, particularly by […]

The Autumn Statement – what does it mean for you?

Banner- The Autumn Statement – what does it mean for you?

Today, the Chancellor of the Exchequer, Jeremy Hunt outlined a series of sweeping measures to include tax changes and hidden tax increases, and cuts to Government spending.   We highlight the main points below which will affect us all, and if you have any specific questions about these matters, please do not hesitate to contact […]

Make calculating the tax on rental income easy: Top tips

Banner- Make calculating the tax on rental income easy: Top tips

As a landlord, your property is your most valuable asset. Letting out residential and/or commercial property is a great way to make passive income. However, navigating all the tax requirements related to reporting income tax on rental properties and capital costs can be tricky – unless you have a landlord accountant.   In this blog, […]

The negative consequences of not declaring rental income


There are thousands of landlords in the UK, owning and renting out second properties. The majority of these landlords declare their income and pay taxes on the profits on their tax returns because they know the consequences of not declaring rental income.    But what do you do if you have rental income that you […]

What is the Domestic Reverse Charge and how does it affect my construction business?


You may have already heard about the Domestic VAT Reverse Charge that came into effect from 1st March 2021. This is a change in the way contractors and subcontractors in the construction industry will account for VAT, specifically aimed at VAT registered businesses working under the Construction Industry Scheme.    These changes can often feel […]

What if I can’t pay my Self Assessment Tax in full by April 1st?


If you missed the payment deadline for Self Assessment on 31st January, there’s good news.    HMRC are giving you more time to pay your Self Assessment Tax due to the impact of Covid-19.    Although the deadline didn’t change in 2021 despite the financial hardship faced by many businesses in the Covid Crisis, taxpayers […]

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