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The HMRC official rate of interest

The HMRC official rate of interest

Date posted: 14th Apr 2025

The official rate of interest is a rate set by HMRC which is used to calculate the benefit in kind tax charge on cheap employment-related loans, and also the amount charged to tax in respect of the provision of employer-provided living accommodation where the cost of that accommodation is more than £75,000.

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What is a negligible value claim?

What is a negligible value claim?

Date posted: 14th Apr 2025

A negligible value claim means that a claim is made that an asset is worthless, without actually selling the asset.

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Tax year end compliance requirements for employers

Tax year end compliance requirements for employers

Date posted: 14th Apr 2025

The end of the 2024/25 tax year means that many employers will be submitting various compliance forms to HMRC in the coming months.

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Daily penalties – watch out from 1 May 2025

Daily penalties – watch out from 1 May 2025

Date posted: 14th Apr 2025

If your 2023/24 tax return has not been submitted to HMRC, then you are likely to face £10 daily penalties, if this remains the case from 1 May 2025.

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PAYE only taxpayer – a 2024/25 Return may not be required…but…

PAYE only taxpayer – a 2024/25 Return may not be required…but…

Date posted: 14th Apr 2025

HMRC have announced that anyone with only PAYE income, will not be required to complete a 2024/25 tax return.

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Yorkshire firms advise Tiffin Sandwiches on successful acquisition of Scottish company

Yorkshire firms advise Tiffin Sandwiches on successful acquisition of Scottish company

Date posted: 11th Apr 2025

Leading independent North East and Yorkshire accountancy and business advisory firm Clive Owen LLP, and regional law firm Andrew Jackson Solicitors LLP, have supported Bradford-based Tiffin Sandwiches (“Tiffin”),…

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New Partners announced at growing Clive Owen LLP

New Partners announced at growing Clive Owen LLP

Date posted: 8th Apr 2025

One of the North’s leading independent accountancy and business advisory firms has further strengthened its Partnership group after announcing a series of senior promotions.  

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Important Changes: Company Director and Owner ID Verification at Companies House

Important Changes: Company Director and Owner ID Verification at Companies House

Date posted: 3rd Apr 2025

The Economic Crime and Corporate Transparency Act 2023 has introduced significant changes to Companies House regulations, aimed at enhancing transparency and combating fraud.

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Should we pay a dividend before the end of the tax year?

Should we pay a dividend before the end of the tax year?

Date posted: 27th Mar 2025

If you are the owner of a personal or family company, it is prudent to review your dividend strategy before the 2024/25 tax year comes to an end…

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Spreading the cost of selling your company – Cash or loan notes (earn-outs) – What are the tax implications?

Spreading the cost of selling your company – Cash or loan notes (earn-outs) – What are the tax implications?

Date posted: 27th Mar 2025

There comes a time in every business owner’s life when retirement looms and thoughts turn to succession planning. Planning should ideally start 2-3 years before the date of…

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