Annual accounting: how are interest and late payment penalties calculated?

10th March 2025 by Joanne Stoneman

If you use the annual accounting scheme, you will submit one return each year instead of four or twelve. What are the potential traps if you don’t meet the scheme conditions?

Is basis period reform really over and done with?

6th March 2025 by Joanne Stoneman

You heaved a sigh of relief after submitting your 2023/24 self-assessment tax return, especially as it meant the fiddly basis period calculations were behind you. But why might it be to your advantage to revisit them?

Reduce tax on gains with EIS incentives

4th March 2025 by Joanne Stoneman

You recently made a capital gain on which you’ll have to pay tax. You’ve been told that if you invest in an enterprise investment scheme (EIS), you can defer the capital gains tax, but might it also reduce what you have to pay?