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Money & Tax

Tax Deductible Business Expenses UK: Full List for Sole Traders and Limited Companies (2026/27)

A tax deductible business expense is a cost you can subtract from your business income before tax is worked out. In the UK, it...

Entrepreneurs’ Relief vs Business Asset Disposal Relief: What Changed and What It Means in 2026

Entrepreneurs' Relief and Business Asset Disposal Relief (BADR) are the same tax relief. The government renamed it on 6 April 2020. The name is...
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How to Claim R&D Tax Credits in the UK: Step-by-Step Guide

You claim R&D tax credits on your Company Tax Return (CT600). Before that, you may need to send HMRC...

HMRC Self Assessment Allowable Expenses: What Sole Traders Can Claim

Allowable expenses are business costs you can deduct from your income on a Self Assessment return. They cut your...

Customs Duties After Brexit: A Practical Guide for UK Small Businesses (2026)

Updated 5 October 2026 Small businesses do pay customs duties after Brexit, but not on every shipment. What you owe...

IR35 Rules for Small Businesses in 2026: Are You Exempt, and From When?

IR35 rules for small businesses in 2026 come down to one question: is your business small? If it is,...

VAT Margin Scheme for Second-Hand Goods in the UK: How It Works

The VAT margin scheme lets a VAT-registered UK business pay VAT on the margin of a second-hand item, not...

UK Corporation Tax Loss Carry Back Rules: How Far Back, How Much and How to Claim

UK Corporation Tax loss carry back lets a company set a trading loss against its total profits of the...