Archive - Accounting Journal

Temporary reduction in VAT on children’s meals and certain attractions

On 21 May 2026, the Chancellor announced a temporary reduction in the rate of VAT applied to children’s meals and admission to certain attractions.

Jul 10

Working from home – The new/old tax rules

For many years, employees required to work from home could claim tax relief for additional household expenses incurred personally, even where not…

Jul 9

Can a director become liable for unpaid corporation tax?

Directors of limited companies are generally not personally liable for unpaid corporation tax as limited liability usually protects them.

Jul 6

Making quarterly returns for MTD for ITSA

Making Tax Digital for Income Tax Self-Assessment (MTD for ITSA) is now a reality for individuals who had combined trading and property income of at…

Jul 3

July payment on account and what to do if you need to reduce it

Taxpayers within Self-Assessment must make payments on account towards their next tax and Class 4 National Insurance bill if the tax that they owed for…

Jul 2

June 2026

Associated companies

Over time, companies may accumulate substantial cash reserves.

Jun 30

Alphabet shares – A way to reduce tax

When a company pays a dividend, all shareholders holding the same class of shares must receive dividends in proportion to their shareholdings.

Jun 25

Do ‘resident cruisers’ pay income tax?

An increasing number of people live on cruise ships.

Jun 20

Correcting errors in VAT returns

It used to be possible to report errors in a VAT return to HMRC on form VAT652.

Jun 17

Tax relief for unpaid rent

In these difficult economic times, tenants may struggle to pay their rent, leaving landlords out of pocket.

Jun 14

VAT registration waiver

HMRC requires businesses to register for VAT if their taxable turnover exceeds £90,000 in the last 12 months or is expected to exceed this threshold…

Jun 11

Must the cash basis be used?

For UK unincorporated businesses, the cash basis is now the default method for calculating taxable profits.

Jun 8

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