Moving to Israel from the UK?
ALIYAH & TAX GUIDE · 2026 Moving to Israel from the UK? Here’s what you need to know about tax. A plain-English guide to the exemptions, the new 2026 laws, and your filing obligations as a new Oleh. The big one: your 10-year tax holiday When you make Aliyah, Israel gives you one of the […]
When Does a Director’s Medical Insurance Become a P11D Benefit?
Many UK directors assume that if a company pays for private medical insurance, it will automatically create a taxable P11D benefit. In many cases this is true – however, there is an important exception that is often overlooked. If the cost is correctly “made good” by the director, the benefit may be reduced or potentially […]
E-Invoicing for B2B Transactions (Expected by 2029)
The UK government is moving toward the introduction of mandatory e-invoicing for business-to-business (B2B) transactions, with implementation expected by 2029 as part of a broader digital tax strategy. E-invoicing refers to the structured digital exchange of invoice data between businesses, rather than sending PDFs or paper invoices. Key anticipated features include: The initiative is expected […]
Annual Investment Allowance (AIA) – Simple Guide for Business Owners
1. Introduction – What is AIA? The Annual Investment Allowance (AIA) allows a business to claim 100% tax relief on qualifying plant and machinery in the year of purchase, up to the annual limit (currently £1 million per 12-month period). Instead of spreading relief over several years through writing down allowances, AIA gives full relief […]
First-Year Allowances (FYA) – What They Are and When They Apply
First-Year Allowances (FYA) allow a business to claim 100% capital allowances in the year the expenditure is incurred, rather than spreading relief over time through writing down allowances. In effect, qualifying expenditure is fully deducted from taxable profits in the period of purchase. Unlike the Annual Investment Allowance (AIA), which is subject to an annual […]
Understanding the Place of Supply for VAT (UK)
For VAT purposes, one of the first questions to ask when supplying services is where the supply takes place. This is known as the “place of supply”, and it determines whether UK VAT needs to be charged. In simple terms: • If the place of supply is in the UK, UK VAT may apply.• If […]
Non-UK Resident Companies and UK Corporation Tax – A Brief Overview
A company that is not resident in the UK can still fall within the UK corporation tax net in certain circumstances. Broadly, this tends to arise where there is a meaningful UK connection — most commonly through a permanent establishment (PE), or through activities involving UK land. The detailed rules sit mainly within the Corporation […]
Year End Planning List – 2025/26 Tax Update for Owner-Managed Businesses
As we approach the end of the 2025/26 tax year, this is the ideal time to review profit extraction, corporation tax exposure and personal tax positions. The landscape has shifted significantly over the past two years, and traditional assumptions — particularly around incorporation — no longer automatically hold true. Here is a focused year-end planning […]
Making the Most of Trading Losses: A Practical Guide for Business Owners
Where a business is carried on as a sole trader or partnership, trading losses can be relieved against income, capital gains, or future profits. Once the business is operated through a limited company, trading losses are ring-fenced inside the company and are not the individual’s losses. If an individual funds a limited company that ultimately […]
VAT on Goods in Great Britain (GB) After Brexit – Exports, Imports and Postponed VAT Accounting
Introduction From 1 January 2021, Great Britain (England, Scotland and Wales) left the EU VAT system for goods. As a result, the movement of goods between GB and other countries is no longer treated as EU trade. Territorial Treatment of Goods – Great Britain From 1 January 2021: Core VAT Principle – Place of Supply […]