Blog

Tax Freedom Day Falls Three Weeks Later in 2025

18th June 25

Tax Freedom Day in 2025 has shifted to 12 June, signaling a concerning trend. Explore strategies to bring yours closer ...

Unlock Extra Income with the Rent A Room Scheme

11th June 25

Earn up to £7,500 tax-free with the Rent A Room Scheme. Perfect for homeowners or renters looking for extra income ...

Salary or Dividends: Optimising Income for Directors

4th June 25

Optimising income for directors: Find the balance between salaries and dividends while navigating tax changes. Improve your remuneration strategy ...

How VAT on Private School Fees Triggered a 22.6% Rise in Education Costs

28th May 25

VAT on private school fees causes 22.6% increase in costs. Enrolment declines raise concerns for future of private education ...

HMRC Taking A Good Look At Savvy Online Sellers

21st May 25

Online sellers react to HMRC's new data sharing initiative to tackle tax evasion. Mixed reactions from online sellers ...

442k Inheritance Tax Case

14th May 25

A recent case challenged HMRC's view on trust benefits in inheritance tax matters, highlighting complexities in tax law ...

Maximising Tax Relief on Pensions

7th May 25

Tax policy changes can impact individual financial planning. Strategic pension contributions can mitigate these effects ...

The Future of Small Pension Pots

30th April 25

The landscape of retirement savings in the UK is changing, especially concerning small pension pots ...

475K

23rd April 25

Few events are as nerve-wracking as encountering unexpected tax demands following a significant purchase ...

More Than 1.1 Million Savers Affected by New Tax on Savings

16th April 25

More than 1.1 million savers across the country have been impacted by a burgeoning tax on savings ...

The Perils Of Gifting Cash To Your Children

9th April 25

Gifting cash for a property purchase is a common way parents support their offspring in securing a home ...

Do You Need To Make A Voluntary Disclosure To HMRC?

2nd April 25

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

Time is Running Out to Top Up Your State Pension

26th March 25

As individuals approach their retirement years, the importance of a robust financial plan becomes paramount ...

Writing Life Insurance in Trust Can Benefit Your Estate

19th March 25

Inheritance Tax (IHT) is a complex and often daunting subject for many individuals and families ...

ATED: Annual Tax On Enveloped Dwellings Deadline

12th March 25

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

Don't Miss Out on Your Tax Free Allowances

5th March 25

As the final weeks of the 2024-25 tax year approach, taxpayers are aware of an impending deadline: the 5th of April ...

Many Electric Vehicle Owners Unaware of Looming Road Tax

26th February 25

EV ownership is set to undergo a transformation. Many EV owners are oblivious to a looming road tax bill ...

Understanding Deeds of Variation

19th February 25

Dealing with the loss of a loved one is never easy, especially when coupled with the complexities of managing an estate ...

Inheritance Tax: Understanding Double Taxation Risks for Pensions

12th February 25

The recent announcement of pensions and Inheritance Tax has significant implications for your financial planning ...

HMRC: Important Updates on Disguised Remuneration

5th February 25

HMRC knows that navigating the complexities of taxation concerning the Loan Charge can feel overwhelming ...

Understanding HMRC's Compliance Priorities For 2025

22nd January 25

The fiscal landscape continues to shift under the new government, and HMRC will ramp up its investigations in 2025 ...

HMRC Encourages Voluntary Disclosures for RandD Tax Relief Over-Claims

15th January 25

There are concerns about inaccuracies with RandD tax relief claims, so HMRC has launched a new disclosure service ...

HICBC: A Guide for Separated Families

8th January 25

During separation, one financial aspect that often goes overlooked is the High-Income Child Benefit Charge ...

Wishing You All A Very Merry Christmas

18th December 24

With most of us finishing for the holidays this week, I thought I'd join the festivities and let you have some tax trivia ...

A Strategic Approach to Cost Management Using Salary Sacrifice

4th December 24

The increase in employers' national insurance contributions means it is crucial to explore salary sacrifice ...

Double Cab PickUps Are Still Vans And Not Cars!

27th November 24

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

HMRC: Timely compliance is crucial for landlords

20th November 24

In a recent advisory, HMRC emphasised the importance of compliance for landlords with unpaid tax ...

Navigating the complexities of changing CGT rates

6th November 24

The changes in CGT rates, as announced in Labour's first Budget, demand attention from business owners ...

RandD Tax Relief: Common Pitfalls And How To Avoid Them

30th October 24

The RandD tax relief scheme encourages innovation and supports businesses that undertake qualifying activities ...

64k In MDR

23rd October 24

The case of Shine Business Limited serves as a cautionary tale for those seeking Multiple Dwellings Relief ...

A Closer Look At Possible National Insurance Changes

16th October 24

Significant discussions have emerged around a potential hike in employers' National Insurance contributions ...

Address Any Missing National Insurance Contributions Soon!

9th October 24

Individuals have just six months to address any missing NI contributions that affect their State Pension ...

Anticipating Increasing Employee Costs In The Budget

2nd October 24

As the upcoming Budget approaches, attention is shifting towards the potential impacts on employee costs ...

Could You Be Eligible for a State Pension Increase?

25th September 24

Did you know that you may be entitled to a state pension increase? This increase is available for carers ...

High Earners in the UK May Need To File A Tax Return

18th September 24

HMRC is writing to high earners querying whether they need to submit a tax return for the 2021/22 tax year ...

EIS and VCT Extension Has Been Confirmed

11th September 24

The government has confirmed that the EIS and VCT schemes have been extended until 2035 ...

More Families Facing Shocking Inheritance Tax Bills

4th September 24

Inheritance tax is often overlooked until it becomes a reality, and an increasing number of families face shocking bills ...

Top Tips To Beat The Dividend Tax Trap

28th August 24

The dividend tax allowance in the UK has been steadily decreasing over the past few years, with the current allowance standing at a mere £500 ...

The Student Loan Threshold Is Frozen Until 2027

21st August 24

The frozen student loan threshold has been a hot topic among university students and their families ...

HMRC Cracks Down on Crypto Tax Evasion

14th August 24

Cryptocurrency has seen a massive surge in popularity in recent years, with more and more people investing ...

Furnished Holiday Lets in UK Face Tax Hike From April 2025

7th August 24

From April 2025, income and gains from Furnished Holiday Lets will be treated as regular property income ...

PSAs: The Gift That Keeps on Giving for Employers

31st July 24

PSAs are a valuable tool for employers who want to reward their employees without incurring tax and NI liabilities ...

Understanding the Benefits of Patent Box

24th July 24

As a business owner, navigating the complex world of taxes can be a really daunting task ...

The Ins and Outs of Employing Young People

17th July 24

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?

10th July 24

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

3rd July 24

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

26th June 24

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

VAT On Holiday Lets And Serviced Accommodation

19th June 24

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?

12th June 24

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

5th June 24

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

Independent Tax Consultants