Accounting & Tax Blog

Company pension contributions reduce corporation tax and grow tax-efficiently. Learn how UK directors can use them to extract profit from their limited company.

An overdrawn director's loan account can trigger an S455 tax charge if not repaid within 9 months of the company year end. Here is what to watch for.

Closing a limited company through voluntary strike-off involves seven steps, from ceasing trading to DS01 submission. Here is the complete process and what to expect.

Setting up a UK limited company involves choosing a name, registered address, share structure, and SIC code. Here is what you need to know before you start.

Landlords with property income above £50,000 must join MTD for income tax from April 2026. Here is what quarterly reporting means for you and how to get ready.

MTD for income tax is mandatory for sole traders with turnover above £50,000 from April 2026. Here is what changes, what you must do, and key deadlines to know.

MTD for income tax requires four quarterly submissions per year plus a year-end final declaration. Here are the exact deadlines, what to submit, and how errors are corrected.

Not everyone has to join Making Tax Digital for income tax. Here is a full guide to who is exempt, who is deferred, and how to apply if MTD does not apply to you.

MTD for income tax introduces a new penalty points system for late filing and stricter late payment penalties. Here is how the regime works and how to avoid financial penalties.

An MVL lets directors extract company reserves as a capital distribution rather than income, often at a lower tax rate. Here is when it makes sense.

Postponed VAT Accounting (PVA) lets UK businesses declare and reclaim import VAT on the same VAT return, eliminating the cashflow hit of paying VAT upfront at the border.

Every UK limited company needs a registered address on the public record. Here is the difference between using your home address, a virtual office, and an accountant's address.

Most UK limited company directors use a small salary plus dividends to minimise tax. Here is how the combination works and where the key thresholds sit.

Choosing the right share structure when registering your company affects ownership, dividends, and tax efficiency. Here is what to consider before you file with Companies House.

Smoothing your director income across tax years prevents unnecessary jumps into higher tax bands. Here is the planning approach that works best for most UK directors.

Company registration, registered address, bookkeeping, annual accounts, and payroll all come with costs. Here is a clear breakdown of what to budget for in year one and beyond.

Whether you charge 20% or 0% VAT comes down to two questions: where are the goods delivered, and who is the importer? Here is how to get it right every time.

Exporting goods from the UK means 0% UK VAT, but who pays import VAT abroad depends on your Incoterms. Here is the difference between DAP and DDP explained.

The VAT margin scheme lets dealers pay VAT only on their profit, not the full selling price. Here is how it works for antique and second-hand furniture.

VAT on services depends on who the customer is and how you invoice. Here is how design, restoration, delivery, and installation are treated for UK VAT purposes.

Incorporating a new company resets the VAT registration clock. Here is when VAT registration becomes necessary and why it may not be the first priority when you start trading.

Services to overseas customers are generally zero-rated, but if the service relates directly to a UK property, UK VAT at 20% applies regardless of where the customer is based.

Everything you need to know about the 2025/26 self assessment tax return deadline. Key dates, penalties for late filing, and tips to file on time with HMRC.

How to structure your director pay between salary and dividends to minimise tax. A practical guide to the most tax-efficient remuneration strategy for UK company directors.