With the abolishment of the specific tax considerations for Furnished Holiday Lets (FHL) from the beginning of the current tax year, owners need to prepare… Read More »Joint owners of Furnished Holiday Lets prepare for increased taxes
Recent Government estimates suggest that as much as £1.8 billion is lost every year due to tax avoidance schemes. That money, designated to fund schools,… Read More »Beware tax avoidance scheme promoters – HMRC cracks down with new powers
Business owners who pay themselves through a combination of salary and dividends should revisit their remuneration strategy this tax year. With Income Tax thresholds frozen… Read More »Is your remuneration strategy still tax-efficient in 2025/26?
Capital allowances allow businesses to claim tax relief on money invested in assets like machinery, equipment, or certain vehicles used commercially. There are a variety… Read More »Capital allowances: Full Expensing vs AIA vs Writing-Down Allowances
HM Revenue & Customs (HMRC) has recently temporarily suspended telephone and webchat services for Self-Assessment repayment requests.
Read More »How to claim a Self-Assessment tax refund during the HMRC phone line pause
If you have undeclared income or assets held overseas, you may owe tax in the UK.Read More »What is the Worldwide Disclosure Facility and when should you use it?
When businesses look to motivate their teams, the focus often lands on salary, bonuses or large-scale perks.
Read More »How trivial benefits can improve employee morale without increasing your tax bill
Right to work checks form an important part of business risk management, particularly now that the Government has increased the financial penalties for non-compliance.
Read More »Right to work checks – Financial risks and compliance steps for business owners
From 31 March 2026, HM Revenue & Customs (HMRC) will permanently close its free online service for filing Company Tax Returns and annual accounts.
Recent data from HM Revenue & Customs (HMRC) shows a dramatic fall in penalties issued under the High Income Child Benefit Charge (HICBC) – from over 13,500 in 2018/19 to just 46 in 2024/25.
Read More »Fewer HICBC penalties – a sign of success, or a reminder to stay compliant?
