How HMRC treats cryptoassets disposed of by businesses

Cryptoassets make up a growing portion of the market, and businesses are increasingly looking to take advantage of these digital currencies.  If your business carries out activities involving the exchange of cryptoassets, then you are liable to pay tax on them.   However, understanding how HM Revenue & Customs (HMRC) treats cryptoassets for tax purposes can […]

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HMRC is closing its free Company Tax Return service

HM Revenue & Customs (HMRC) will permanently close its free service for submitting Company Tax Returns and annual accounts on 31 March 2026.   Built over a decade ago for simpler businesses, the platform no longer meets modern digital standards.   Companies must now move to commercial filing software to remain compliant.  This software provides more modernised […]

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Capital allowances: Full Expensing vs AIA vs Writing-Down Allowances

Capital allowances allow businesses to claim tax relief on money invested in assets like machinery, equipment, or certain vehicles used commercially. There are a variety of capital allowances available, including: Full Expensing Annual Investment Allowance (AIA) Writing-Down Allowances (WDA) The allowance that your business is eligible for depends on what you buy, how much you […]

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Could voluntary auditing save you money?

Recent changes to how mandatory auditing is conducted may have caused you to breathe a sigh of relief. Where once companies with a £10.2 million turnover and/or assets worth more than £5.1 million  required an audit, now only companies with a turnover of £15 million and/or assets worth more than £7.5 million will require an […]

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