Gill Laing | Taxoo

Effective Strategies for Business Debt & Bankruptcy

In today’s challenging economic climate, managing business debt has become an everyday concern for many companies. However, if not properly managed, business debt can impact operations and lead to serious financial challenges. When a business faces severe financial distress, insolvency procedures may become necessary. This article will guide you through essential strategies for managing and […]

Managing Expenses & Employee Benefits in the UK

Managing expenses and employee benefits in the UK presents a unique set of challenges for businesses, with requirements to remain compliant with legal obligations while providing competitive benefits packages requires a careful and informed approach. Employers are expected to find ways to control costs without compromising the quality of benefits offered to employees, a balance […]

The Complete UK Guide to a Limited Company

A limited company is a distinct legal entity formed in the UK that is separate from its owners. This means that the company itself is responsible for its debts and liabilities, and its owners (shareholders) have limited liability, meaning their personal assets are protected beyond their investment in the company. From the initial formation and registration process […]

Comprehensive VAT UK Guide for Businesses

Value Added Tax (VAT) is a consumption tax levied on most goods and services in the UK. Businesses that meet certain thresholds are required to register for VAT, charge it on their sales, and pay it on their purchases. For most businesses, VAT is an integral part of financial operations, as they are responsible for […]

UK Employment Taxes: A Guide for Employers

Employment taxes in the UK encompass a range of different types of taxation and deductions that employers are legally required to manage on behalf of their employees. As an employer or payroll manager, understanding these taxes is essential not only to ensure compliance with UK law but also to avoid potential penalties and financial discrepancies […]

Understanding UK Taxes for Expats and Non-Doms

Expats and non-doms are currently subject to specific tax rules and treatment in the UK. This is because an individual’s obligation to pay personal taxes in the UK is primarily influenced by their tax residency and domicile status. Other significant factors include the location of their assets (where they are situated for tax purposes) and […]

Inheritance, Trusts & Estate Planning: UK Tax Guide

Effective estate planning can help ensure your wealth and assets are distributed according to your wishes while minimising tax liabilities and preventing potential legal disputes. Understanding the specific tax implications and legal requirements surrounding inheritance and trusts is essential to making informed decisions and optimising your estate plan. In this comprehensive guide, we take an […]

Comprehensive Guide to UK Business Loans

Securing a business loan can be a game-changer for businesses of any size. For start-ups, loans can provide the initial capital required to launch operations and bring innovative ideas to market. Established businesses can use loans to expand their operations, invest in new technologies, or manage cash flow more effectively. At any one time, there […]

Claiming Capital Allowances

Capital allowances in the UK allow businesses to claim tax relief on certain purchases, to reduce tax liability while allowing the business to benefit from the capital investment. Understanding what constitutes qualifying expenditure and what this means in terms of tax savings can make a real difference to your business. However, the capital allowances regime […]

Understanding UK Capital Gains Tax Rules

Capital Gains Tax (CGT) is the tax you pay on any profits arising from the sale or disposal of an asset that has increased in value. In the UK, CGT applies to various types of assets, including property, shares and business assets, and can be applicable to individuals, trusts and certain types of organisations. Taxpayers […]

Understanding Company Law in the UK

Company law in the UK is an area of legal practice that governs the formation, operation, and dissolution of companies. It provides a legal framework that ensures businesses operate in a fair, transparent, and accountable manner. As a substantial body, company law encompasses various legal aspects, including company formation, director duties, shareholder rights, mergers and […]

Comprehensive Guide to UK Business Immigration

UK business immigration law provides the legal framework for individuals coming to the UK for work and business purposes. These laws regulate the entry and residence of various types of workers, from skilled professionals to business owners. For businesses operating in the UK or planning to establish a presence there, strategic use of immigration routes […]

Complete UK Employment Law Guide for Employers

Employment law in the UK provides the framework that governs employer-employee relationships, from contracts and pay to health and safety and resolving workplace disputes. For employers, complying with these laws helps to avoid costly legal disputes and builds positive working environments. However, compliance represents an ongoing challenge; these laws are subject to frequent change, as […]

Comprehensive Guide to UK Business Law

UK business law forms the backbone of the legal framework governing commercial activities in the United Kingdom. Covering a wide array of legal disciplines, these laws are designed to protect businesses, employees, consumers and the environment. Ultimately, they are used to ensure that businesses operate fairly and transparently while promoting a stable and predictable environment […]

Contractors Urged to Verify Subcontractors’ CIS Status

HMRC is urging contractors to regularly verify the Construction Industry Scheme (CIS) status of their subcontractors. The reminder comes as HMRC has identified instances of incorrect CIS tax deductions by some contractors. As part of its latest outreach campaign, HMRC is highlighting the need for contractors to: a. Verify all new subcontractors before making […]

Google Search Console Introduces Experimental ‘Recommendations’

Google Search Console is introducing recommendations for some users as part of an experimental feature. This new addition aims to provide insights and suggestions to enhance a site’s performance on Google Search. Search Console recommendations offer websites optimisation opportunities and actionable suggestions to improve their presence on Google Search, according to Google. That him to […]

BBC Considers Options to Recover Pay from Huw Edwards

Tim Davie, the director-general of the BBC, has stated he will “look at all options” to recover pay from newsreader and presenter Huw Edwards, who recently pleaded guilty to accessing indecent photos of children. Davie acknowledged in an interview with BBC News on 1 August that reclaiming employee pay is “very difficult to claw back, […]

HMRC Late Payment Interest Rates Revised After Base Rate Cut

The Bank of England Monetary Policy Committee announced on 1 August 2024 a reduction in the base rate from 5.25% to 5%. HMRC interest rates, which are linked to the Bank of England base rate, will subsequently be reduced for both late payment and repayment of taxes. The new HMRC interest rates will take effect […]

Call for Evidence on Overhaul of UK Cyber Laws

The CyberUp Campaign, which advocates for urgent changes to the 1990 Computer Misuse Act (CMA), has launched a new consultation, inviting security professionals and researchers to participate in a comprehensive survey to share their views on the law’s impact on their work. CyberUp argues that the CMA is severely outdated, having been enacted just months […]