Advantage Accountancy & Advisory Ltd

UK employers, are you aware of your PAYE and National Insurance responsibilities when overseas staff come to work in the UK temporarily? It's not as straightforward as it seems. Discover how specific arrangements like EP Appendix 4 or 8 could impact your payroll. Find out why paying attention now could save hassle later. Read on to get it right!

Accounting & Tax News Cardiff | Advantage CF11 UK employers with employees who normally work overseas may have PAYE and National Insurance obligations when those employees come to the UK to carry out their duties in the UK on a short-term basis.

Got a P800 from HMRC? It might not be as straightforward as it seems. Double-check your tax details to avoid surprises. Curious? Read on to find out why it matters.

Accounting & Tax News Cardiff | Advantage CF11 HMRC is currently carrying out its annual reconciliation of PAYE for the 2025-26 tax year. Between June and November, HMRC calculates the Income Tax paid by individuals and checks whether the correct amount has been collected. Where HMRC identifies a difference, it may issue a tax calculation letter...

Is your VAT system truly airtight? Identifying gaps now could save headaches later. Check if controls keep pace with your business changes. Find out why this matters today.

Accounting & Tax News Cardiff | Advantage CF11 A strong VAT control system should clearly identify who is responsible for VAT, document the processes involved and regularly check that controls are working. HMRC also recommends keeping procedures up to date when the business, its systems or the VAT rules change.

Summer VAT relief on kids' meals and family attractions has ended. From 2 September, normal VAT rules apply. Check your tickets and payments to avoid surprises. Find out why this matters for your next day out!

Accounting & Tax News Cardiff | Advantage CF11 The temporary 5% reduced rate of VAT introduced for certain children’s meals, tickets and family attractions ended on 1 September 2026. The relief applied from 25 June 2026 and was intended to reduce the cost of selected activities and services for families during the summer holidays.

Alert for business owners: You could possibly slash your taxable profits by claiming the Annual Investment Allowance on your new machinery and equipment. Find out why thousands are claiming up to £1 million in tax relief and how you could too. Read on to see if your next purchase qualifies!

Accounting & Tax News Cardiff | Advantage CF11 Businesses investing in qualifying assets may be able to claim the Annual Investment Allowance (AIA) and deduct the full cost of eligible purchases from their profits before tax. This can help by reducing the amount of taxable profit in the period the investment is made.

Alert for employers: Are you aware of how tax rules impact uniforms and protective clothing you provide? It's not one-size-fits-all. Find out why this matters to your payroll and record-keeping now.

Accounting & Tax News Cardiff | Advantage CF11 Employers providing uniforms or protective clothing to employees need to understand the tax and National Insurance rules that apply. The treatment depends on whether the clothing is required for the employee’s job, is a uniform worn only at work, or is simply additional clothing provided by the em...

Alert: Claiming business expenses? Keep your receipts and evidence safe! HMRC could ask for proof, so get your records in order to avoid trouble. Find out why it matters now.

Accounting & Tax News Cardiff | Advantage CF11 Self-employed individuals can deduct allowable business expenses from their income when calculating taxable profits. However, businesses must keep accurate records and evidence to support the costs being claimed.

Missed your tax deadline? You might have a reasonable excuse that could save you from penalties. Serious illness, bereavement, or unexpected tech failures could count. Find out how acting quickly helps and when to appeal. Read on to see if you qualify.

Accounting & Tax News Cardiff | Advantage CF11 Missing a tax deadline can result in penalties from HMRC, but a taxpayer may be able to appeal if they have a genuine reasonable excuse. Whether an excuse is accepted depends on the individual facts and whether the taxpayer took action to put things right without unnecessary delay.

Alert: Are your workers classified correctly? Missteps in employment status can bring unexpected tax bills, fines, and lost rights. Find out why reviewing this now could save your business trouble. Read on to see what you need to check.

Accounting & Tax News Cardiff | Advantage CF11 Businesses should regularly review whether individuals working for them are correctly classified as employees, workers or self-employed. Getting employment status wrong can result in unexpected tax liabilities, penalties and loss of employment rights.

VAT registration just got a lot more interesting! Did you know you might reclaim VAT on some costs from before you were even registered? It could mean reclaiming VAT on goods bought up to four years prior and services up to six months earlier, but only if they're linked to your current business. Intrigued? Find out why this could impact your next VAT return and what special rules might affect you.

Accounting & Tax News Cardiff | Advantage CF11 Businesses that register for VAT may be able to reclaim VAT paid on certain goods and services purchased before VAT registration.