News – Tide Accounting

Post Transaction Valuation Checks

A Post Transaction Valuation Check (PTVC) can be requested from HMRC for an individual to [...]

View and prove your immigration status

A UK Visas and Immigration (UKVI) account can be used by eligible users to view [...]

Taxable employment benefits from April 2026

From April 2026, the government will mandate the reporting and paying of Income Tax and [...]

Changes to Scottish Income Tax rates 2024-25

A reminder of the changes to Scottish Income Tax rates for the 2024-25 tax year. [...]

Payrolling employee expenses and benefits

Employers can register on a voluntary basis (before the start of the tax year) to [...]

Tax Diary May/June 2024

1 May 2024 - Due date for corporation tax due for the year ended 30 [...]

Settling energy disputes

Business owners that are in dispute with their energy suppliers will be interested in the [...]

COVID Bounce Back abuse

The Insolvency Service has recently published information confirming that a total of 831 company directors [...]

Paying VAT on goods from EU to Northern Ireland

There are special procedures for moving goods in and out of Northern Ireland. Under the [...]

VAT retail schemes

VAT retail schemes are a special set of schemes used by retail businesses to account [...]

Termination payment clearance process

The tax treatment of termination payments has changed significantly over recent years. The changes have [...]

HMRC continues to target till fraud

HMRC has, for many years, looked to target businesses that deliberately undertake electronic sales suppression [...]

Using the starter PAYE checklist

Employers that take on a new employee need to work out which tax code and [...]

Accessing the HMRC mobile APP

HMRC’s free tax app is available to download from the App Store for iOS and [...]

What do we mean by profit?

When most business owners refer to business profits, they are likely to mean the difference [...]

Measures to support household budgets from 1 April

In a recent press release the government confirmed the following policies to support household incomes [...]

To register or not to register

In the recent Spring Budget, the VAT registration threshold was raised to £90,000 (previously £85,000) [...]

Tax-free mileage expenses

If you use your own vehicle for business journeys you may be able to claim [...]

Online check how to import or export goods

HMRC has a useful online tool to help UK business owners check how to import [...]

Restarting a dormant or non-trading company

HMRC must be informed when a non-trading or dormant company starts trading and becomes active [...]

Claim tax relief if working from home

If you are an employee who is working from home, you may be able to [...]

Claim tax relief on pension contributions

You can usually claim tax relief on private pension contributions worth up to 100% of [...]

More about emergency tax codes

The letters in an employee’s tax code signify their entitlement (or not) to the annual [...]

HMRC to accept service of legal proceedings by email

HMRC has issued an updated ‘news story’ to confirm that, where possible, new legal proceedings [...]

What are the off-payroll working rules?

The rules for individuals providing services via an intermediary such as a personal service company [...]

HMRC helpline changes on hold

HMRC has been forced into an embarrassing climbdown on plans to close the Self-Assessment, VAT [...]

Time to rethink the credit you offer your customers

Most business owners are driven by sales targets and to meet these targets they may [...]

We are unpaid tax collectors

Clients often refer to the VAT added to supplier invoices as if it were a [...]

What a tax code means

The letters in your tax code signify your entitlement (or not) to the annual tax [...]

Declare a beneficial interests in joint property

The usual tax position for couples who live together with their spouse or civil partners [...]

Workplace pension responsibilities

Automatic enrolment for workplace pensions has helped many employees make provision for their retirement, with [...]

Tax-free child care

HMRC is reminding parents that they may be eligible for Tax-Free Childcare (TFC) to help [...]

Apprenticeships boost

From the start of April 2024, the government will increase the amount of funding that [...]

Customs Declaration Service open for business

All businesses can now move their export declarations to the Customs Declaration Service (CDS), HMRC [...]

Tax Diary April/May 2024

1 April 2024 - Due date for corporation tax due for the year ended 30 [...]

Eligibility for replacement of domestic items relief

The replacement of domestic items relief enables landlords to claim tax relief when they replace [...]

Changing a company’s accounting year end

There are special rules which limit the ability to change your company’s accounting year end [...]

Register of Overseas Entities

The Register of Overseas Entities came into force in the UK on 1 August 2022. [...]

Tax on savings interest

If you have taxable income of less than £17,570 in 2023-24 you will have no [...]

Still time to register for the Marriage Allowance

There is still time to register for the marriage allowance before the current tax year [...]