Welcome to the AccoTax Help Centre
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General Information
Can a Minor be a Shareholder?
Last updated: 14 October 2026 Can a child under 18 be a shareholder in a company? Yes. There is no minimum age to own shares
Can a P.O. Box be Used for the Registered Office Address?
Last updated: 14 October 2026 Can you use a PO Box as your company’s registered office address? No. Since 4 March 2024, under the Economic
Can Company Reimburse me All the Expenses Associated with the Flat?
Last updated: 14 October 2026 Can your company reimburse all the costs of a flat you use for work? Only in limited cases. If your
Can I Claim Anything Extra on my Tax Return?
Last updated: 18 October 2026 Can you claim extra tax relief if your employer pays less than 55p a mile? Yes. If you use your
Can I Employee my Wife? Partner or Family Members in Business
Last updated: 14 October 2026 Can you employ your spouse, partner or family members in your business? Yes, and it can save tax, as long
Can I Set Losses Against the Profits Made on Letting the Properties?
Last updated: 14 October 2026 Can you set losses against profits from letting other properties? Yes, within the same property business. All of your UK
Can I Transfer Money from my Company’s Account to my Own?
Last updated: 14 October 2026 Can you transfer money from your company’s account to your own? Yes, but every transfer must be recorded as something:
Can Inherited Property be Diverted According to Intestacy Law ?
Last updated: 14 October 2026 Can an inherited property be redirected when someone dies without a will? Yes. If someone dies intestate (without a valid
Can Our Two Director’s Accounts be Merged for Tax Purposes?
Last updated: 19 October 2026 Can two directors’ loan accounts be merged for tax purposes? No. Each director has a separate loan account, and HMRC
Car Fuel and Mileage Allowance
Last updated: 19 October 2026 Tax is chargeable on the cash equivalent of the benefit of the provision of free fuel for private motoring in
Cash Basis Accounting Scheme
Last updated: 19 October 2026 Many small, unincorporated businesses choose to use the ‘cash basis’ for working out taxable income. Under this method, participants will
Claim Capital Investment Allowance – Super-Deduction
Last updated: 14 October 2026 Can you still claim the super-deduction? No. The super-deduction gave companies a 130% first-year allowance on new main-pool plant and
Class 2 NIC & Class 4 NIC changes
Last updated: 19 October 2026 Question: I understand that Class 2 NIC is finally being abolished from 6 April 2019. This means that those of
Deemed Payment from Umbrella Company (IR35)
Last updated: 14 October 2026 Does a deemed payment apply if you work through an umbrella company? No. The IR35 deemed payment is a calculation
Depreciation on Property
Last updated: 16 October 2026 Can landlords claim depreciation on a property? No. Depreciation shown in your accounts isn’t allowable for tax, and buildings themselves
Digital Platform Rules: New Guidance Ahead of First Report Deadline
Last updated: 14 October 2026 What do HMRC’s digital platform rules mean for online sellers? Since 1 January 2024, online platforms such as eBay, Vinted,
Disclosure of Tax Avoidance Schemes
The changes from 1 January 2018 and penalties for non-compliance For a number of years, there have been rules governing the disclosure of tax avoidance
Do I have to Pay UK tax on the Pay-Out?
Last updated: 14 October 2026 Do you have to pay UK tax on a payout? It depends on what the payout is for and where
Do I Need to Fill in a Tax Return?
Last updated: 14 October 2026 Do you need to fill in a tax return? You need to file a Self Assessment tax return for 2026/27
Does an Employee Loan Always Need Reporting to HMRC?
Employee loans are an area where businesses often get confused. The first thing many owners will think of is the temporary corporation tax charge under