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The Ins and Outs of Employing Young People

The first thing to consider when employing young people is their age. The legal working age in the UK is 16 ...

Now Labour Are In Government What Tax Rises Are Coming?

It has been widely reported that new chancellor Rachel Reeves will be looking at taxation to manage public debt ...

HMRC Warn Of CGT Penalties for One-Off Transactions

As a UK taxpayer, you may be aware of the potential changes to Capital Gains Tax rates that have been making headlines ...

Thousands of Pensioners May Be Eligible for DWP Refund

If you claimed child benefits between 1978 and 2000, you may have been underpaid your state pension ...

VAT On Holiday Lets And Serviced Accommodation

With many businesses, once your income heads above andpound;90000 you have to register for and pay VAT every quarter ...

Are Hybrid Working Expenses Tax Deductible?

With the rise of hybrid working, many UK professionals have found themselves at home for a large portion of their week ...

Election 2024: Potential Tax Changes Coming Within 100 Days

With the General Election 2024 scheduled for the 4th of July, the political landscape in the UK looks likely to change ...

Child Benefit for 16-Year-Olds In Further Education

As children reach the age of 16, they may choose to continue with further education after they've sat their GCSEs ...

ERS: What Are Employment Related Securities?

Employment-Related Securities (ERS) are a type of financial instrument that can have an impact on your limited company ...

HMRC Taking A Good Look At Savvy Online Sellers

HMRC's new data sharing initiative has been met with mixed reactions from online sellers ...

How Reduced CGT Allowance Puts Crypto Investors At Risk

If you are a crypto investor in the UK, you need to be aware of the tax implications of your investments ...

Understanding Self-Assessment Late Filing Penalties

Self-assessment tax returns are a way for individuals in the UK to report their income and pay the right amount of tax ...

Working From Home And Commuting

If you are one of the many people in the UK who are working from home, you may wonder about tax on commuting ...

Essential Tax Tips: How to Grow Your Pension

As a retiree, you may have noticed that your state pension has increased to £11,502. This may seem like good news ...

P11D: Focus On Staff Entertaining

Accountants are noticing an increasing number of enquiries from HMRC about the amounts spent on entertaining staff ...

Maximising Your Tax Savings as an Airbnb Host

Congratulations on becoming an Airbnb host! However, along with the excitement of hosting guests, come the taxes ...

The Future of Furnished Holiday Lets in the UK

The Chancellor announced in the Budget that he was scrapping the beneficial furnished holiday let rules ...

ATED: Annual Tax On Enveloped Dwellings Deadline

Are you due to submit your Annual Tax on Enveloped Dwellings (ATED) soon? You may need to even with no tax due ...

New Cap On High Income Child Benefit Charge

The High Income Child Benefit Charge (HICBC) has been a controversial topic since its introduction in 2013 ...

Changes To Research And Development Tax Relief

The UK's Research And Development tax relief scheme has been a powerful growth catalyst for businesses ...

HMRC Targets The Unrepresented in Basis Period Reform

The UK tax system is complex and ever-changing, and in 2024, HMRC will introduce Basis Period Reform ...

Double Cab PickUps Are Still Vans And Not Cars!

Double cab pickups have long been a popular choice for many businesses, especially in farming and construction ...

The Rise In Inheritance Tax Penalties

As the cost of living rises, the tax burden weighs on the minds of many. Inheritance Tax is now a cause for concern ...

The Government Is Facing Pressure To Scrap HICBC

You may have heard about the High Income Child Benefit Charge (HICBC) and the controversy behind it ...

Should You Set Up A Trust Or Family Investment Company?

If you're estate planning right now, you could be considering a Family Investment Company over a Family Trust ...

Do You Need To Make A Voluntary Disclosure To HMRC?

With the introduction of new computer systems, it is increasingly difficult to keep things hidden from HMRC ...

Builder Wins Private Residence Relief Case Against HMRC

Disputes between taxpayers and HMRC are not uncommon. A recent case has caught the attention of many ...

Claiming Child Benefit in the UK Just Got Easier

As a new parent, you may have heard about Child Benefit, but do you really know what it is and how to claim it?

Director Loans And Breathing Space Under S455

As a director, you may have taken a loan from your company for personal use, but are you aware of the tax implications?

Evading Tax Penalties on Excessive Director's Loan Accounts

To manage the financial affairs of a company, directors may need to borrow funds from their own company ...

Is the End Near for Members Voluntary Liquidation?

Members Voluntary Liquidation is an insolvency procedure used by businesses looking to wind up their operations ...

HMRC Targets Businesses in Crackdown on Electronic Till Fraud

The use of electronic sales suppression tools, commonly known as till fraud is a growing concern for HMRC ...

HMRC and the Taxation of Cryptoassets

Cryptocurrencies have gained attention recently, not only as an investment but also as a means of payment ...

Seven Key Tax Planning Points for SMEs To Watch

It's important for business owners to understand the intricacies of tax planning for their small businesses ...

Rising Interest Rates Provide A Boost For Savers

As interest rates continue to rise in the UK with strategic planning savers can benefit without paying more tax ...

Deadline for DIY Housebuilders VAT Scheme Extended

As someone in the process of building your own home, you may be familiar with the VAT DIY Housebuilders Scheme ...

How UK Landlords Are Enjoying Record-Breaking Income

The UK property market has always been a popular investment option, and it's not hard to see why ...

Beware Of Tax Imposters Offering Rebates

Between tracking down those lost receipts and ensuring we've accounted for every penny, there's also the threat of scams ...

COVID-19 And The Impending Surge in Director Bans

The COVID-19 pandemic, while primarily a health crisis, spiralled into an economic challenge of unparalleled magnitude ...

An Overview Of The Benefits Of EIS And SEIS

Even though the economy seems to be in a bit of a state, now is a great time to set up a new company in the UK ...

Are You Due A National Insurance Refund On Car Allowances?

The topic of car allowances has garnered significant attention, especially in the realm of employment tax ...

Navigating UK Inheritance Tax For Overseas Investors

With its robust legal framework for property transactions, the UK continues to be a magnet for overseas investors ...

VAT For The Rent To Serviced Accommodation Business Model

In the ever-evolving world of VAT, the recent Sonder Europe Ltd vs HMRC case has become a pivotal moment ...

HMRC: Renovating a Home Does Not Make It Uninhabitable

A property developer found himself embroiled in a stamp duty land tax (SDLT) dispute with HMRC ...

Limited Company Ownership in the Buy-to-Let Market

The property rental landscape has seen a monumental shift as more landlords lean towards limited company structures ...

Landlords Rethink Property Investments Amid Tax Changes

A recent study indicates a notable uptick in the number of landlords opting to sell their properties ...

HMRC Wins Appeal Over Capital Gains Tax Discrepancy

John and Janet Beesley, a married couple, have lost their appeal against a significant capital gains tax demand from HMRC ...

Paying For Employee Eye Tests

There has been a lot of discussion about employers offering eye tests and corrective glasses to employees ...

Tax Debt Is Rising As Small Businesses Struggle To Pay

HMRC unveiled figures today showing an increase in unpaid tax, with the total tax debt reaching £44 billion ...

The Normal Expenditure Out Of Income Exemption

The Normal Expenditure Out Of Income Exemption offers a valuable saving on Inheritance Tax ...