Practical, plain-English guidance on audit, tax, VAT, accounts and advisory — written by our chartered accountants.
1224 articles · page 38 of 102
Box 7 of the VAT return is the total value of your purchases and other inputs for the period, excluding VAT. It sounds like the least important box on the form — it does not change the VAT you pay…
Read articleThe three lines of defence model is the standard way organisations organise risk management and assurance: management owns and controls risk (first line), risk and compliance functions oversee and…
Read articleTOGC stands for transfer of a going concern — the VAT rule under which the sale of a business, or part of one, is treated as outside the scope of VAT entirely. Meet the conditions and no VAT is…
Read articleTrusts remain the most flexible tool in UK estate planning: they move value out of your estate while keeping control over who benefits, when, and on what terms. What they are not — despite half a…
Read articleA management buyout — the team that runs a business buying it from its owners — remains one of the most common succession routes for private UK companies, and for a reason: the buyers already know…
Read articleGifting property to your children can be excellent inheritance tax planning, and it can also be a way to pay capital gains tax now, keep the IHT exposure anyway, and lose your home's legal…
Read articleElectric cars are still the standout tax play in UK remuneration — a company-provided EV is taxed at 4% of list price in 2026/27 against up to 37% for petrol and diesel — but the golden era is…
Read articleThe Statutory Residence Test (SRT) is the set of rules that decides, definitively, whether you are UK tax resident in a given tax year. It works through three stages in strict order — automatic…
Read articleThe next UK Budget is on Wednesday 28 October 2026. The date was confirmed in August, when the Treasury commissioned the Office for Budget Responsibility to prepare the accompanying forecast, and…
Read articleBusiness property relief (BPR) takes qualifying business assets partly or wholly out of inheritance tax. For deaths and transfers from 6 April 2026 the relief works differently than it did for…
Read articleAccounting outsourcing means engaging an external firm to handle agreed parts of your finance function — bookkeeping, VAT returns, payroll, management accounts, year-end statutory work, sometimes…
Read articleR&D tax relief now runs through a single merged scheme for accounting periods beginning on or after 1 April 2024: a 20% expenditure credit, paid above the line, worth a net 15p to 16.2p per pound…
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