Not everyone has the freedom to decide how they are paid or to structure their income in the most tax-efficient way. So, if you do run your own limited company and have this luxury, you need to make sure you…
More than £55 billion worth of side hustle sales data is to be handed to HMRC by platforms, as the tax authority ramps up compliance on small online traders and service providers. Platforms, such as eBay and Airbnb, have once…
If your business offers employees perks such as company cars or private health insurance, you need to be aware of the upcoming changes to how these are taxed and reported. From 6 April 2027, HMRC will require most Benefits in…
Many businesses felt as though they had been entirely overlooked by the Autumn Budget, as costs were set to rise without much support. The Spring Statement was a chance to change direction and provide assistance to businesses. This did not…
Going into the latest Spring Statement, the Chancellor made it very clear that this would not be a full fiscal event and that any new policy changes would be off the table. Rising to her feet in Parliament that is…
As Making Tax Digital for Income Tax edges ever closer for many sole traders and landlords. However, according to new research sections of those affected by the new digital reporting requirements for income tax remain unclear, unconvinced or unprepared for…
More than 200 leaders from the UK’s hospitality and leisure sector have written to the Chancellor urging the Government to reconsider the proposed visitor levies. Signatories included major accommodation providers such as Butlins, Haven, Hilton and Travelodge and the message…
If you have noticed more TV and online adverts for cloud accounting software lately, that is no accident as the countdown to Making Tax Digital for Income Tax (MTD for IT) ramps up. There is just two months left for…
The first phase for Making Tax Digital (MTD) for Income Tax is nearly upon us, as the new system of digital tax reporting commences from 6 April 2026. However, some landlords, self-employed individuals or sole traders may still wondering whether…
A new Freedom of Information requested from HMRC, released to the public has found that 5.6 million in the UK paid more tax than they needed to in 2023 Whilst headlines often focus on the UK’s tax gap – the…
