The Enterprise Investment Scheme (EIS) is a UK government initiative that encourages investment in small, high-risk companies by offering tax incentives to investors.

The Seed Enterprise Investment Scheme (SEIS) offers great tax efficient benefits to investors in return for investment in small and early-stage start-up businesses.

VAT (Value Added Tax) is a consumption tax that is applied to the sale of goods and services. In the UK, businesses that have a taxable turnover above £85,000 (the VAT threshold) must register for VAT with HM Revenue & Customs (HMRC) and then charge VAT on their taxable supplies.

VAT (Value Added Tax) is a consumption tax that is applied to the sale of goods and services. In the UK, businesses that have a taxable turnover above £85,000 (the VAT threshold) must register for VAT with HM Revenue & Customs (HMRC) and then charge VAT on their taxable supplies.

Our up-to-date guide on how to navigate the complexities of Reverse Charge VAT on EU purchases if you are a small business and don’t want to fall foul of tax law.

‘Payments on account’ are to do with paying your tax bill in the UK via HMRC (typically if you are self-employed). They are advance payments due every January and July and designed to split up your tax bill into more manageable chunks.

Research and Development (R&D) tax relief rules in the UK have changed in 2023. If you’re a business owner or director, we’ve put together a summary of what the R&D tax relief changes are and what you need to know.

IFRS 15 is a bit like a box of jigsaw pieces. Just like putting together a puzzle, IFRS 15 provides the framework that helps businesses piece together their revenue recognition process. It provides a clear set of rules and guidelines for recognising revenue from customer contracts, ensuring consistency and transparency in financial reporting.