Local accountants and tax advisers, Trueman Brown, warn employers about legislation surrounding ‘Trivial Benefits’ which was introduced to save employers from having to report relatively small amounts given to employees as taxable on form P11D. Legislation...
Shareholder Distribution on Company Liquidation UK: 2025/26 Tax Guide When planning a shareholder distribution on company liquidation UK, careful tax strategy can make a major difference. Whether you’re closing your business for personal reasons or winding down...
VAT on Recharged Expenses – What Landlords Need to Know If you’re a landlord using an agent to manage your property portfolio, the concept of VAT on recharged expenses is one you can’t afford to overlook. In simple terms, when your letting agent incurs costs and then...
Take advantage of the Rent-a-room scheme If you have a spare furnished room in your home, the Rent-a-room scheme could be a smart way to earn extra, tax-efficient income. Under the current rules for the 2025/26 tax year you can earn up to £7,500 tax-free by letting a...
Business Rate Relief for FHL: What Furnished Holiday Let Owners Need to Know If you own a furnished holiday let (FHL), understanding your eligibility for business rate relief for FHL could significantly reduce your property costs. With updated rules now in effect,...
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