Everything You Need to Know About Annual Tax on Enveloped Dwellings (ATED) for 2025

The Annual Tax on Enveloped Dwellings (ATED) is a UK tax applied to residential properties worth over £500,000 that are owned by companies, partnerships with corporate partners, or collective investment schemes. This tax aims to prevent the use of corporate structures to avoid certain taxes on high value residential properties. If your company owns such property, understanding ATED rules is important to staying compliant and avoiding penalties. In this article, we explain who must file, when to file, how the tax is calculated, and what reliefs and exemptions might be available.

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How Directors Can Reduce National Insurance Costs on Benefits in Kind

National Insurance Contributions (NICs) are a key part of payroll costs for employers. Directors often face high NIC liabilities due

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What is the Benefit-in-Kind Rate for 2025-26 and How to Calculate It?

Benefit-in-Kind (BIK) tax applies to non-cash benefits employees receive from their employers, such as company cars or private medical insurance.

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Everything You Need to Know About Company Car Benefits in the UK

Company car benefits are a common perk for employees and directors in the UK, providing access to a vehicle for

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Can Sole Traders or Partnerships Claim Mortgage Interest, or Should It Be Interest Relief?

Mortgage interest and tax relief can have a significant impact on financial planning for sole traders and partnerships. Can sole

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A Complete Guide to Director Overdrawn Loans and the Impact of S455 Tax

When a director borrows money from their company and does not repay it within the designated time frame, the loan becomes overdrawn. The tax implications of such a scenario are significant, especially when it triggers a Section 455 (S455) tax charge. This article explains how an overdrawn director’s loan works, how the S455 tax is applied, and what business owners or directors can do to avoid unnecessary tax costs.

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claim cis refund for individual and company subs

How to Claim a CIS Refund for Individual and Company Subcontractors

The Construction Industry Scheme (CIS) is a tax scheme in the UK that applies to contractors and subcontractors in the construction industry. If you’re a subcontractor, tax and National Insurance contributions (NICs) may have been deducted from your payments. But, if too much tax has been taken, you might be eligible for a refund. Both individual and company subcontractors can claim this refund, but they must meet certain conditions and follow the correct process.

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How to Get Your Limited Company Ready for Taxes in 2025

Preparing for tax responsibilities as a limited company owner in 2025 can be manageable and stress-free with the right approach. Proper planning allows you to handle taxes confidently and efficiently. In this article, we’ll walk you through everything you need to know to get your limited company ready for tax preparation. Learn how to understand your tax obligations, organise your records, and file your return smoothly, ensuring your company is fully prepared.

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10 important records to keep for limited company

Top 10 Important Records to Keep if You Own a Limited Company

Keeping proper records is one of the most important responsibilities of owning a limited company. Without accurate documentation, you risk penalties, legal troubles, and even financial losses. This article will explain the essential records to keep if you own a limited company, why they matter, and how to maintain them effectively. Proper documentation not only supports compliance but also ensures the smooth functioning of your business.

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