Blog - Holeys

06-05-2025

How to maximise tax relief on losses to offset higher employment costs

The recent rise in employers’ National Insurance Contributions (NICs) to 15 per cent will lead to a 60 per cent increase in NIC costs for a business

06-05-2025

How HMRC treats cryptoassets disposed of by businesses

Cryptoassets make up a growing portion of the market, and businesses are increasingly looking to take advantage of these digital currencies. If your business carries out activities

06-05-2025

HMRC is closing its free Company Tax Return service

HM Revenue & Customs (HMRC) will permanently close its free service for submitting Company Tax Returns and annual accounts on 31 March 2026. Built over a decade

06-05-2025

Joint owners of Furnished Holiday Lets prepare for increased taxes

With the abolishment of the specific tax considerations for Furnished Holiday Lets (FHL) from the beginning of the current tax year, owners need to prepare for higher

06-05-2025

Beware tax avoidance scheme promoters – HMRC cracks down with new powers

Recent Government estimates suggest that as much as £1.8 billion is lost every year due to tax avoidance schemes. That money, designated to fund schools, hospitals and

06-05-2025

Is your remuneration strategy still tax-efficient in 2025/26?

Business owners who pay themselves through a combination of salary and dividends should revisit their remuneration strategy this tax year. With Income Tax thresholds frozen until 2028

06-05-2025

Capital allowances: Full Expensing vs AIA vs Writing-Down Allowances

Capital allowances allow businesses to claim tax relief on money invested in assets like machinery, equipment, or certain vehicles used commercially. There are a variety of capital

01-05-2025

What is the Worldwide Disclosure Facility and when should you use it?

If you have undeclared income or assets held overseas, you may owe tax in the UK. The Worldwide Disclosure Facility (WDF) offers a way to correct your

30-04-2025

How trivial benefits can improve employee morale without increasing your tax bill

When businesses look to motivate their teams, the focus often lands on salary, bonuses or large-scale perks. However, trivial benefits are also available and can often be

24-04-2025

HMRC is closing its free Company Tax Return filing service – what your business needs to do now

From 31 March 2026, HM Revenue & Customs (HMRC) will permanently close its free online service for filing Company Tax Returns and annual accounts. If you currently

23-04-2025

Fewer HICBC penalties – a sign of success, or a reminder to stay compliant?

Recent data from HM Revenue & Customs (HMRC) shows a dramatic fall in penalties issued under the High Income Child Benefit Charge (HICBC) – from over 13,500

17-04-2025

Can nearshoring solve the economic confusion?

It is no secret that the ongoing trade wars, tariffs, and tense negotiations have left the world in a perilous place from an economic standpoint. The situation