Blog Category – UK Tax
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Understanding Making Tax Digital (MTD) and Its Impact on Your Small Business
Let's look into what MTD is, its impact on small businesses, and how Naylor Accountancy Services can help ease this transition.
HMRC penalties for late payment updated for 2025
Did you know that HMRC can charge you interest on your late tax payments? With that interest rate now set at 8.5%, it makes a lot of sense to pay your tax on time, every time.
Christmas Gifts Don’t Need to be Taxing
Christmas is a time of year when many businesses choose to show their appreciation to their employees, customers, and clients by giving gifts. However...
Trivial Benefits
It is a general rule that if you are provided something in connection with your employment, then this is subject to tax and National Insurance under the Benefit in Kind rules.
Employment Allowance 2020/21
From 6 April 2020, the Employment Allowance is set to increase from £3,000 to £4,000.
Christmas gifts
It is the season of goodwill, and a big part of that is the giving and receiving of presents.
Changes to Capital Gains on Property
When you sell an asset, the profit you make on that sale can be subject to Capital Gains Tax (CGT).
Tax Advantages of Tying the Knot
If there is one part of life where tax should not be a factor, it is the decision to get hitched.
National Minimum Wage
The new minimum wage kicked in on Friday, 6 April when at least two million workers will get a pay rise.
National Minimum Wage 2019
The National Minimum Wage was first introduced back on 1st April 1999.
Making Tax Digital
Managing UK tax affairs is changing for businesses, accountants and bookkeepers.
New tax year 17/18 and changes worth knowing
With the new tax year started today 6th April 2017 there are some changes worth knowing.
How will the new tax year impact you and your business - 2016/17
There have been a lot of changes to tax that will impact small businesses and their owners as of 6th April 2016
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