March 2025

News Posted

Buying state pension top ups – act now

24th March 2025
5 April is a crucial deadline to fill gaps in missing NI contributions and boost your state pension. Topping up your pension contributions can be very lucrative; indeed, this could add thousands to your state pension. HMRC allows people to buy missing years as far back as 2006, but soon you will only be able...

Don’t miss out on IHT exemptions

24th March 2025
The Chancellor’s action on small business owners and anyone who has pension savings means that it’s more important than ever to take advantage of the lifetime gift exemptions. What are they and when can you use them? Partner and Tax expert Christiaan Hansen, discusses these exemptions.
Partner Alister Biggar

Getting more VAT back when “buying” a car

20th March 2025
Your business leases its vehicles but for a variety of reasons you want to terminate the lease early and buy the cars from the leasing company. But how much VAT can you recover? Partner, Alister Biggar explains.
Q and A feature from JRW Hogg & Thorburn

March Q&A

19th March 2025
Sub-letting trading premises, should we charge VAT? Q. The landlord of our trading premises charges VAT on our monthly rent, and we claim input tax. We are planning to sub-let one of the floors to another business but are not sure if we should also charge VAT? If we don’t, does this mean we will...

Should you apportion input tax on commercial vehicles?

19th March 2025
Your business has purchased a commercial vehicle to transport goods to your customers but there will be some private use at weekends. Must you apportion input tax on the purchase price and ongoing costs to reflect the private use? Partner, Alister Biggar, discusses here in this article.

When should you register a new company for CT?

18th March 2025
You formed a company several months ago, but it hasn’t begun to trade and may never do so. HMRC has sent you a form asking you to register for corporation tax (CT). But are you required to do this, and what are the implications if you don’t? Partner Joanne Gibson discusses in this article.