2025 - Page 11 of 21

20 Mar 25

Rental business mortgage relief

Since April 2020, landlords can no longer deduct mortgage interest as an expense. Instead, tax relief is capped at 20%. This change affects UK and non-UK resident landlords,

20 Mar 25

Claiming professional fees and subscriptions

Did you know you may be eligible for tax relief on professional fees and subscriptions? If your membership is required for your job and the organisation is HMRC-approved, you could

17 Mar 25

Business Advice: An Investment, Not a Cost

Flexible planning is essential for adapting to uncertainty, responding to challenges, and seizing new opportunities. The world is unpredictable, and rigid plans can quickly become

17 Mar 25

Why Adequate Business Insurance is Essential for Small Businesses

For small business owners, especially those operating as sole traders or in partnerships without limited liability, having adequate business insurance is not just a

13 Mar 25

Government backed Start-Up Loans

The Government-backed Start-Up Loans scheme offers unsecured loans of £500 to £25,000 per person (up to £100,000 per business) to help entrepreneurs grow. With a fixed 6% interest

13 Mar 25

Child Benefits for over 16s

From April 2025, Child Benefit increases to £26.05 for the eldest child and £17.25 for others. Payments stop after a child turns 16 unless they continue in approved education or

13 Mar 25

How VAT Payments on Account Work

Businesses owing over £2.3 million in VAT annually must make advance payments on account. These are based on the previous year’s VAT liability and paid in instalments. Late

13 Mar 25

Tax and Maintenance Payments

Maintenance Payments Relief reduces Income Tax for those making court-ordered payments to an ex-spouse or civil partner. To qualify, one party must have been born before 6 April

13 Mar 25

Self-Employed National Insurance Contributions

Self-employed individuals earning £12,570 or more annually must pay Class 4 National Insurance Contributions (NICs). For 2024-25, rates are 6% on profits up to £50,270 and 2% above

13 Mar 25

Group relief for trading losses

Group relief helps reduce the overall Corporation Tax of a group of companies by allowing them to share losses. For example, if a parent company has profits of £1,000 and its

Year: 2025

Rental business mortgage relief

Claiming professional fees and subscriptions

Business Advice: An Investment, Not a Cost

Why Adequate Business Insurance is Essential for Small Businesses

Government backed Start-Up Loans

Child Benefits for over 16s

How VAT Payments on Account Work

Tax and Maintenance Payments

Self-Employed National Insurance Contributions

Group relief for trading losses

Tax Diary July/August 2025

VAT exempt supplies

Claiming tax relief on pension contributions

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