Premier Accounts Blog

Stay up-to-date with Premier Accounts and industry news

Help with outstanding tax bills

Help with outstanding tax bills

HMRC’s Time to Pay lets eligible taxpayers spread tax bills over time, avoiding immediate enforcement.

If you owe tax to HMRC, you may be able to set up an online ‘Time to Pay’ payment plan

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What is Support for Mortgage Interest?

What is Support for Mortgage Interest?

SMI loans can help pay mortgage interest for those on benefits, but repayment is due when the home is sold.

Support for Mortgage Interest (SMI) is a government-backed loan provided by the Department

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Rules to protect effects of debanking

Rules to protect effects of debanking

Banks must now give 90 days’ notice before closing accounts, giving customers more time to respond.

Since April 2026, new government rules strengthen protections for individuals and small businesses

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Trusts and Income Tax

Trusts and Income Tax

Trustees must manage assets, follow tax rules, and register with HMRC where required.

A trust is a legal arrangement in which a trustee, either an individual or a company, is entrusted with managing

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VAT – digital record keeping

VAT – digital record keeping

HMRC requires businesses to maintain accurate VAT records to ensure correct tax payments. While all businesses must retain general records (such as invoices, bank statements, and receipts), a key

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