by Pi Accountancy | May 21, 2026 | Advisory and Resources, Frequently Asked Questions, Payroll and Employment, Regulations and Schemes
A P11D reports Benefits In Kind and certain expenses provided to employees or directors during the tax year. HMRC treats many of these benefits as taxable income, so employers must report them carefully. The submitted information allows HMRC to calculate how much tax...
by Pi Accountancy | May 19, 2026 | Advisory and Resources, Payroll and Employment, Pension, Regulations and Schemes
Auto-Enrolment is a pension initiative that began in October 2012. It aims to help more people build savings for retirement. Previously, many workers needs to opt in to a pension scheme. As a result, many missed out. Now, eligible workers join automatically....
by Pi Accountancy | May 15, 2026 | Advisory and Resources, Payroll and Employment, Regulations and Schemes, Self-Employment and SMEs
IR35 is the common name for off-payroll working rules. The rules mainly target situations where a worker provides services through an intermediary. This intermediary often takes the form of a limited company. However, the legislation can also apply when services pass...
by Pi Accountancy | May 13, 2026 | Advisory and Resources, Business, Frequently Asked Questions, Regulations and Schemes
Management Accounts are internal financial reports which help business owners and senior managers monitor performance. They contain detailed financial information as well as commentary and analysis. Businesses usually prepare them either monthly or quarterly. Unlike...
by Pi Accountancy | Apr 23, 2026 | Advisory and Resources, Companies House, Regulations and Schemes
Liquidation is the process of turning business assets into cash. A limited company sells what it owns and uses the money to pay its debts. Simply, it marks the end of a company’s life. For example: Retailers often liquidate stock through sales, as this helps...
by Pi Accountancy | Apr 21, 2026 | Advisory and Resources, Business, Companies House, Frequently Asked Questions, Regulations and Schemes
A registered office address is the official location of a company. It is where government bodies send important correspondence. Companies House and HMRC use this address for all formal communication. This communication can include: Statutory notices and filing...
by Pi Accountancy | Apr 7, 2026 | Advisory and Resources, Business, Property Landlords, Regulations and Schemes, Self-Employment and SMEs, Taxes
Local councils charge Business Rates on most non-domestic properties. Councils use these funds to support local services, such as waste collection and fire services. You will usually pay Business Rates on properties such as: Shops and retail units Offices and studios...
by Pi Accountancy | Mar 18, 2026 | Advisory and Resources, Payroll and Employment, Pension, Regulations and Schemes
The Tapered Annual Allowance affects many higher earners who save into pensions. It can significantly reduce how much you contribute while still receiving tax relief. What is the Annual Allowance? The Annual Allowance sets out the maximum amount that can be saved into...
by Pi Accountancy | Mar 10, 2026 | Frequently Asked Questions, HMRC, Taxes
Tax Investigation Insurance is a specific type of cover that protects you from the professional fees you will incur if HMRC investigates your tax affairs. These tax investigations can come from irregularities in your tax returns or entirely at random. The insurance...
by Pi Accountancy | Mar 10, 2026 | Frequently Asked Questions, HMRC, Taxes
An HMRC Tax Investigation, also known as a compliance check, is an official review of an individual’s or business’s tax records. HMRC wants to confirm that they are calculating and paying their taxes correctly. These investigations therefore allow HMRC to...
by Pi Accountancy | Feb 24, 2026 | Advisory and Resources, Business, Corporation Tax, Regulations and Schemes, Taxes
Most limited companies pay Corporation Tax 9 months and 1 day after their year end. However, larger companies must pay their Corporation Tax in quarterly instalments during the accounting period itself. HMRC refers to this system as Quarterly Instalment Payments...
by Pi Accountancy | Feb 4, 2026 | Advisory and Resources, Companies House, Director, Regulations and Schemes, Self-Employment and SMEs
Authorised Corporate Service Providers (ACSPs) will play an important role in how businesses continue to interact with Companies House. They will help confirm identities and protect the public register from misuse. Over time, most third-party agents will also need to...
by Pi Accountancy | Feb 2, 2026 | Advisory and Resources, Regulations and Schemes, Self-Employment and SMEs
Money laundering is the process of disguising illegally obtained earnings to make them appear legitimate. In the UK, Anti-Money Laundering (AML) Regulations are in place to detect, prevent and prosecute these activities. This is a global issue which undermines the...
by Pi Accountancy | Jan 28, 2026 | Companies House
From 1 February 2026, there will be a fee increase for many Companies House services, as well as some decreases and new fees. Companies House review their fees every year to reflect the cost of delivering their services. Companies House Fee Increase (By Category)...
by Pi Accountancy | Jan 7, 2026 | Companies House, Director, Regulations and Schemes
From 18 November 2025, Companies House introduced mandatory identity verification for company directors and People with Significant Control (PSCs). This forms part of the Economic Crime and Corporate Transparency Act (ECCTA) and aims to improve transparency while...
by Pi Accountancy | Dec 19, 2025 | Advisory and Resources, Business, HMRC, Regulations and Schemes, VAT
VAT on hot food often causes confusion for businesses and customers alike. One of the most high-profile and closely watched VAT disputes involved Morrisons and its rotisserie chickens. After a lengthy legal battle, the First-Tier Tax Tribunal have ruled against...
by Pi Accountancy | Dec 16, 2025 | Advisory and Resources, Business, Regulations and Schemes, Taxes
Many people exchange Christmas presents without ever worrying about tax. Gifts between friends and family are usually not subject to Income Tax, but large lifetime gifts can have Inheritance Tax implications for the giver. However, when gifts relate to work or...
by Pi Accountancy | Dec 1, 2025 | Advisory and Resources, Business, Company Car, Regulations and Schemes
To simplify fuel reimbursement, HMRC publishes Advisory Fuel Rates (AFRs). These rates provide a clear and consistent way to calculate fuel-only mileage costs. With this in mind, AFRs only apply to employees who drive a company car. What are Advisory Fuel Rates? HMRC...
by Pi Accountancy | Nov 26, 2025 | Advisory and Resources, Regulations and Schemes, Taxes, The Budget
The November Budget 2025 has arrived. The unexpected and accidental early publication caused a buzz in Westminster and gave the public an early look at the government’s plans. The 2025 Budget introduces major tax changes, new support measures and several important...
by Pi Accountancy | Nov 20, 2025 | Advisory and Resources, General, Regulations and Schemes, The Budget
From 1st December 2025, savers across the UK can enjoy much stronger protection for their money. The Financial Services Compensation Scheme (FSCS) will increase its protection limit from £85,000 to £120,000. The Bank of England approved this rise because inflation has...
by Pi Accountancy | Nov 13, 2025 | Business, Regulations and Schemes
If you sell a business asset, you will likely face a Capital Gains Tax bill. However, if you plan to reinvest the proceeds into another business asset, you may be able to delay paying the tax by claiming Business Asset Rollover Relief. What is Business Asset Rollover...
by Pi Accountancy | Nov 6, 2025 | HMRC
Starting from 2026, the Department for Work and Pensions (DWP) will gain new powers to check the financial eligibility of certain benefit claimants. These powers fall under the Public Authorities (Fraud, Error and Recovery) Bill and should save around £940 million...
by Pi Accountancy | Nov 5, 2025 | HMRC
The “Failure to Prevent Fraud” offense means a large organisation can be held criminally liable if it benefits from fraud committed by an employee, agent or another associate acting on its behalf. This offence applies even if the organisation did not...
by Pi Accountancy | Nov 4, 2025 | Companies House, Regulations and Schemes
The Economic Crime and Corporate Transparency Act (ECCTA) 2023 tackles financial crime and increases corporate transparency in the UK. The Act introduces stricter regulations on businesses to prevent economic crimes such as fraud and money laundering. The Act received...
