Tax Implications of Company Failure | Trueman Brown
Tax Implications of Company Failure: What Business Owners Need to Know When a company faces closure, understanding the tax implications of company failure is essential to avoid unexpected liabilities. With insolvencies rising in 2025, it’s vital for directors to...
Five Common Capital Gains Tax Errors and How to Avoid Them
Five common Capital Gains Tax errors (and how to avoid them) If you’re dealing with a disposal of an asset in the 2025/26 tax year and beyond, the risk of falling foul of Capital Gains Tax errors is higher than ever — thanks to recent changes from HM Revenue &...
HMRC Informers: Tax Gap Changes & Compliance Guide 2025
HMRC informers – How important are they in reducing the ‘tax gap’? The role of HMRC informers has become increasingly crucial in the UK’s fight against tax evasion and avoidance. With recent changes to the incentive scheme, informers now stand to receive substantially...
Death of a Partner in a Partnership | Trueman Brown
Death of a Partner in a Partnership: What Happens and What You Should Know When the death of a partner in a partnership occurs, it triggers a number of legal, tax and commercial consequences that the remaining partners (and the estate of the deceased) must address....
PAYE Benefit in Kind for Home-Office Equipment 2025/26
Understanding PAYE Benefit in Kind for Home-Office Equipment (2025/26 Update) Since hybrid and home-based work remain common in 2025, many employers still provide laptops, monitors, or chairs for remote setups. However, the PAYE benefit in kind for home-office...
Client Entertainment Tax Deductibility Guide 2025
Client Entertainment Tax Deductibility: What’s Allowable in 2025/26? Understanding client entertainment tax deductibility is crucial for UK businesses aiming to stay compliant while maximizing legitimate deductions. The rules on what qualifies as advertising or...
Self-Employed Training Costs: 2025/26 Tax Rules Explained
Old rules for self-employed training costs Previously, if you were self-employed, the tax rules only allowed a deduction for training costs if the course updated existing expertise or knowledge. Training that provided you with wholly new skills or knowledge (for...
Business Rates 2025/26 & Empty Property Relief Guide
Business rates for 2025/26 and changes to empty property relief Business rates are payable on non-domestic properties. To calculate the bill, you apply the relevant multiplier to the property’s rateable value, then subtract any reliefs that you may qualify for. One...
Comprehensive Guide to VAT Reverse Charge – Trueman Brown
Understanding the VAT Reverse Charge When you hear “VAT reverse charge,” it often causes confusion — but grasping it is essential for any VAT-registered business. The VAT reverse charge mechanism shifts the responsibility for reporting output VAT from the supplier to...
Inheritance Tax Allowances 2025/26 | Trueman Brown
Making use of your inheritance tax allowances It is often said that inheritance tax is a voluntary tax, and one that can be avoided if you give away sufficient assets at least seven years before you die so the value of your estate is sheltered by your available...