News

If you receive income from renting out property, it is important to understand your tax obligations and the reliefs that ...

A reminder that the tax rules for how online platforms report seller information to HMRC changed on 1 January 2024 ...

If you are self-employed, claiming all of your allowable business expenses can significantly reduce your tax bill. For example, if ...

Families claiming Child Benefit should be aware of the High Income Child Benefit Charge (HICBC), which can apply when one ...

Pensions remain one of the most tax-efficient ways to save for retirement, due to a range of tax reliefs and ...

Many married couples and civil partners could be missing out on valuable tax savings available by claiming the Marriage Allowance ...

In the world of HR, the ubiquitous disclaimer "subject to references" is often viewed by employers as an escape clause, ...

The government has announced a review into access to face-to-face banking services as concerns continue to grow over the impact ...

Companies House has published its business plan for 2026-27, setting out its priorities for the coming year as it continues ...

The option to tax is a VAT election that allows businesses to treat supplies of most non-residential land and buildings ...

Self-assessment taxpayers are usually required to make payments on account to pay their Income Tax liabilities. These are paid in ...

Most lifetime gifts are treated as potentially exempt transfers (PETs) for Inheritance Tax (IHT) purposes. In general, these gifts become ...

Employers looking to provide staff with small gifts or seasonal tokens of appreciation should remember the rules for tax-free trivial ...

Many businesses take out “key person” insurance policies to protect against the financial impact of losing an important employee, director ...

The government has announced a package of measures intended to help motorists and businesses manage rising fuel costs following disruption ...

The Chancellor of the Exchequer, Rachel Reeves updated Parliament on 21 May 2026 on the Government’s economic response to the ...

The Government has announced a new package of measures designed to help households manage rising living costs during the summer ...

The Government has introduced a landmark new Bill aimed at tackling the growing problem of late payments to small businesses, ...

When renting out property, landlords may have both Income Tax and National Insurance considerations to consider. However, rental income is ...

The VAT Cash Accounting Scheme can help businesses improve cash flow by allowing VAT to be accounted for when customers ...

Business Asset Disposal Relief (BADR) applies to the sale of a business, shares in a trading company, or an individual’s ...

Identity verification requirements at Companies House became a legal requirement for directors and people with significant control (PSCs) from 18 ...

The freezing of tax thresholds can result in a phenomenon commonly referred to as 'fiscal drag'. This occurs when tax ...

Making Tax Digital (MTD) for Income Tax is now in force for many self-employed individuals and landlords. Since 6 April ...

Employment disputes can drag on for years, which inevitably raises the question of how long is too long for a ...

Many business owners spend considerable time focusing on sales growth, staffing and profitability, although basic business risks are sometimes overlooked ...

Taking on your first employee can help a business grow, although it also brings a number of important responsibilities. Before ...

The tax treatment of termination payments is governed by a detailed set of rules that determine how much is taxable ...

Depending on your income and circumstances, you may need to register for self-assessment. This may be the case even if ...

Your UK residence status affects how much tax you pay in the UK and, in particular, whether your foreign income ...

Many homeowners assume that if a property has been their main residence at some point, any gain made on sale ...

Making gifts during your lifetime can be an effective way to reduce the value of your estate for Inheritance Tax ...

Businesses that lease cars often assume they can recover all of the VAT charged on car leasing payments. In practice, ...

Cyber security is no longer a concern limited to large corporations. Increasingly, smaller businesses are finding themselves targeted by phishing ...

Many small business owners are already feeling the effects of rising staffing costs, tighter recruitment conditions and increased administration. Recent ...

1 June 2026 - Due date for corporation tax due for the year ended 31 August 2025. 19 June 2026 ...

The Marriage Allowance lets you transfer £1,260 of your Personal Allowance to your husband, wife or civil partner. Your Personal ...

Most self-employed people are required to pay Class 4 National Insurance contributions (NICs). Class 4 NICs are payable if their ...

National Insurance contributions that relate to employee benefits are known as Class 1A National Insurance contributions. Employers must pay these ...

How capital gains are linked with Income Tax is important to understand as your overall income position affects the Capital ...

Dividends are taxed differently from other types of income, with separate allowances and tax rates that depend on your overall ...

Many taxpayers are surprised to learn that once their income exceeds £100,000, they can face an effective tax rate of ...

A pivotal ruling has raised a protective umbrella over those impacted by a toxic workplace environment, potentially extending employers' legal ...

Returning to the UK after a period abroad can feel straightforward on the surface, but there are a number of ...

There has been considerable discussion over the past year about whether small companies would be required to file profit and ...

Transfers of assets between spouses or civil partners are usually free from Capital Gains Tax (CGT). When you give or ...

If you continue working after reaching State Pension age, your National Insurance position changes, but your Income Tax obligations largely ...

If you are self-employed or a member of a partnership, you may be able to claim tax relief when your ...