Knowledge Centre Category: Business Tax

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Business and Staff Entertainment, Annual Parties and Trivial Benefits

Business entertainment isn’t tax-deductible or VAT-reclaimable, but staff entertainment may be—especially if it’s inclusive and modest. Trivial benefits under £50 can also be gifted tax-free if they meet HMRC’s criteria.

Allowable Expenses

What can I claim as a business expense for tax purposes?

The Tax Calendar

A clear summary of essential UK tax dates for self-assessment, employers, and limited companies. Staying informed means avoiding penalties and keeping your finances well-managed.

HMRC Penalties for Inaccuracies

HMRC penalties may charged if a return or other document contains an inaccuracy which results in unpaid, understated or over-claimed tax

Does a Not-for-Profit Company Pay Tax?

If you’re running or thinking about starting a not-for-profit company, you might be wondering about taxes and whether you have to pay them