HMA ACCOUNTANTS

News

News

Do you charge VAT when you sell a company car?

The question of whether or not you are required to charge VAT when selling a...

New employee starter checklist

Setting up the correct tax code when a new employee starts is essential, as even...

Eligibility for Business Asset Disposal Relief

Business Asset Disposal Relief (BADR) can significantly reduce the Capital Gains Tax due when selling...

Car and travel costs if self employed

If you are self-employed, it is important to understand which car and travel costs can...

What is a salaried member of an LLP

The salaried member legislation applies to certain members of a Limited Liability Partnership (LLP) whose...

What is a UK property business

The income generated from land or property in the UK is treated as arising from...

Payments made into employee benefit trusts constitute taxable income

A Tribunal recently ruled that payments made for work into a third-party trust constitute immediate...

Turning waste disposal into an income stream

For many businesses, waste disposal is seen purely as a cost, an unavoidable expense required...

The rise of the silver economy

The term “silver economy” is used to describe the growing economic activity linked to an...

Check your National Insurance record

It is recommended to check your National Insurance record as this can affect your future...

PAYE rules for labour supply chains (umbrella companies)

From 6 April 2026, significant changes to PAYE rules will affect umbrella companies, recruitment agencies...

New 40% First Year Allowance now in force

The new 40% First Year Allowance came into force from 1 January 2026. This marks...

Welsh Budget 2026-27

The Welsh Final Budget for 2026-27 was published on 20 January 2026. The Budget sets...

MTD for Income Tax – check if and when you need to use it

If you have not yet checked if and when you need to use Making Tax...

Scottish Budget Statement 2026-27

Scotland’s Finance Secretary, Shona Robison delivered her third Budget statement to the Scottish parliament on...