If you are a director of a close company, there is an important reporting point that should not be overlooked when completing your Self-Assessment tax return. … Read More »Directors of Close Companies – New Disclosure Requirements on Your Tax Return
Do you know what your Personal Savings Allowance is? While most taxpayers in the UK will know the thresholds for Income Tax, a worrying few… Read More »The hidden savings tax trap and why changes to ISAs make it harder to put money away
The £2,000 cap on National Insurance (NI) free salary sacrifice pension contributions was sold as a tax on high earners but, if you look closer,… Read More »Salary sacrifice cap and the squeezed middle
When Rachel Reeves announced a temporary cut in VAT from 20 per cent to five per cent for family attractions and children’s dining over the… Read More »Government summer savings spree adds complexity to VAT for hospitality and tourism
Inheritance Tax (IHT) is paid on all items of your estate after you pass away if you exceed certain thresholds. Whilst many people focus on… Read More »Classic cars, jewellery and handbags – How high luxury is accounted for in Inheritance Tax
Chancellor Rachel Reeves announced an increase in HMRC’s approved mileage rates for cars and vans from April 2026 for the first time since 2011 in… Read More »HMRC raise mileage rates and allowances
Weak economic growth and tighter regulations on lenders are to blame for the largest drop in bank lending to UK businesses in 30 years, according… Read More »Bank lending to UK businesses has dropped to the lowest level in 30 years
Fire safety update: New grade A fire alarm requirements for three‑storey HMOs Recent updates to UK fire safety regulations have introduced new obligations for landlords who… Read More »HMO Fire Alarms
Employers are facing growing uncertainty over the future of salary sacrifice pension schemes following the Government’s decision to introduce a £2,000 annual cap on National… Read More »Up to two fifths of employers may withdraw salary sacrifice pensions
Employers’ predictions seem to be coming true as National Insurance Contributions (NICs) have skyrocketed to £28 billion, exceeding the Government’s original forecast of £23.9 billion.… Read More »Employers are paying the price: National Insurance Contributions rise to £28 billion
