admin, Author at SJPR UK

11 Dec 25

Winter Fuel Payment tax charge

The June 2025 reforms introduce a £35,000 income limit for keeping the Winter Fuel Payment, with HMRC recovering the payment from those above the threshold. The WFP is a tax-free

11 Dec 25

VCT and EIS changes

The new rules will allow companies to raise more capital under the following schemes although investors will need to factor in reduced VCT Income Tax relief when assessing

08 Dec 25

The value of an overhead audit

Many businesses regard their overheads as fixed, predictable, and largely outside their control. In reality, an overhead audit often uncovers costs that have risen quietly,

08 Dec 25

Avoid over-stocking

Accountants often see the impact that excess stock has on a business long before the business owner realises what is happening. Over-stocking drains cash, fills storage space,

04 Dec 25

Who pays Income Tax in Scotland

The rules that govern who pays Income Tax in Scotland is determined by whether an individual is considered a Scottish taxpayer. For most people, determining Scottish taxpayer

04 Dec 25

Less than 1 month to self-assessment filing deadline

There are now less than 2 months to the self-assessment filing deadline for submissions of the 2024-25 tax returns. We urge our readers who have not yet completed and filed their

04 Dec 25

Work out your VAT fuel scale charge

VAT road fuel scale charges are fixed, standardised amounts that businesses must use to account for output VAT when they provide fuel for private use in a vehicle that is also used

04 Dec 25

Increase in savings guarantee for bank deposits

The Financial Services Compensation Scheme (FSCS) has raised its savings guarantee for bank deposits, increasing the deposit protection limit from £85,000 to £120,000 per person.

04 Dec 25

Update from HMRC on MTD testing

HMRC has published a new Making Tax Digital newsletter. This newsletter is mainly intended for taxpayers and agents who are currently testing the Making Tax Digital for Income Tax

04 Dec 25

Defer paying Class 1 National Insurance on a second job

Employees with a second job, third job or more may be able to defer or delay paying Class 1 National Insurance on their additional employment. This deferment can be requested when

admin

Winter Fuel Payment tax charge

VCT and EIS changes

The value of an overhead audit

Avoid over-stocking

Who pays Income Tax in Scotland

Less than 1 month to self-assessment filing deadline

Work out your VAT fuel scale charge

Increase in savings guarantee for bank deposits

Update from HMRC on MTD testing

Defer paying Class 1 National Insurance on a second job

Take care when labelling a bonus as discretionary in a contract

Spring Statement 2026

Corporation Tax 19% or 25%?

SJPR