Postponed VAT Accounting: 2025 UK Import VAT Explained
Postponed VAT Accounting from 1 January 2021 and What You Need to Know From 1 January 2021, the UK introduced postponed VAT accounting for imports, meaning that importers can declare and recover import VAT on the same VAT return. This postponed VAT accounting scheme...
Tax Relief on Business Loans: Maximise Your UK Deductions
Unlocking Tax Relief on Business Loans: What UK Businesses Need to Know Securing tax relief on business loans can significantly reduce the cost of borrowing for UK businesses. Whether you're financing new equipment, expanding operations, or injecting working capital,...
Job Support Scheme to start
Local accountants and tax advisers, Trueman Brown, look at the new Job Support Scheme, replacing the Furlough Scheme, announced by the Chancellor in his Winter Economy Plan. The Furlough Scheme came to an end on 31 October, but some business sectors remain subject to...
Local Accountants Blog – Paying inheritance tax by instalments
Inheritance tax is normally payable by the end of the sixth month following that is which the person died. So, for example, if someone died on 4 April 2020, any tax due on their estate would be due by 31 October 2020. Often the deceased estate will include non-cash...
Customs grants to increase capacity to make customs declarations
Local accountants and tax advisers, Trueman Brown, warn exporters that the Government will be making funding available to enable to increase their capacity to make customs declarations after Brexit. In June 2020, the Government announced that it was making funding...
Employers can employ young people on the Kickstart Scheme
Essex Accountants look at the Kickstart Scheme which aims to create quality jobs for 16 to 24 year old people.
Changes to Employers Allowance for 2020/21
Local accountants and tax advisers, Trueman Brown, advise local employers to changes to the employment allowance coming into force from 6th April 2020. The National Insurance employment allowance is available to eligible employers and can be set against the employer’s...
Relief For Property Rental Losses
Local accountants and tax advisers, Trueman Brown, advise local buy-to-let landlords that losses may occur during the pandemic on their property rental businesses. During the COVID-19 pandemic, landlords may find that tenants are unable to pay their rent, and, when a...
Fortuitous Scholarship Rules for Employee Family Members
Fortuitous scholarship rules for employee family members – What UK employers need to know Understanding Fortuitous scholarship rules for employee family members is key for UK businesses considering funding educational scholarships for family members of employees....
SIPP Property Tax Relief Guide 2025 | Trueman Brown
Investing in Commercial Property with SIPP Property Tax Relief Understanding SIPP Property Tax Relief SIPP property tax relief allows investors to buy commercial property through a pension while benefiting from generous tax advantages. In 2025/26, HMRC continues to...