As part of its Let Property Campaign, HMRC has been sending ‘nudge’ letters to those who it suspects have not been declaring all of their rental income. Recently it seems that HMRC has taken a tougher approach, and is targeting those in the short-term rental market....
In the Spring Budget, the Chancellor announced that “full expensing” – 100% relief for new, eligible plant and machinery – would replace the 130% super-deduction from 1 April 2023 for limited companies. This is in addition to the £1 million annual...
The VAT Flat Rate scheme, introduced in 2002, was designed to simplify VAT reporting for small traders. By streamlining the calculation of VAT and reducing preparation time, it offered a convenient alternative to normal VAT accounting. However, with the recent...
The recent interest rate hike by the Bank of England has raised concerns and highlighted the need for individuals to safeguard their long-term financial stability. In this blog, we explore the impact of the rate rise and offer practical advice on how to protect your...
Introduction In this Easy Read document, we provide a simplified explanation of the Government’s White Paper on “A Fairer Private Sector.” The aim is to make changes to rules and laws governing private rented homes, ensuring fair treatment for...
