Directors of limited companies must make informed decisions about their remuneration strategies. Optimising income for directors involves balancing salaries and dividends while considering significant changes to tax legislati ...

Wondering if salary sacrifice to reduce tax is worth it? You can cut NI, boost pension contributions, and keep payroll efficient. Here's how it works for directors ... ...

Here's what the UK's amnesty for Covid loan debtors means for you. Pay back what you shouldn't have taken, no questions asked. Miss it, and expect tougher enforcement soon ... ...

The 10-Year charge on trusts can be a confusing subject for many, so here's a clear, friendly guide in blog post form. Learn what it is, how it's calculated, and what you need to do. Stay compliant and avoid surprises ... ...

The HMRC pension relief crackdown means stricter evidence rules, no phone claims, and more checks. If you're a higher-rate taxpayer, you'll need accurate figures and documents. Get your pension contributions data ready to cla ...

HMRC's new data sharing initiative, which aligns with the OECD's global objective to tackle tax evasion, has been met with mixed reactions from online sellers ... ...

From 2027, inheriting a pension may drag funds into IHT and sometimes income tax. My blog post this week explains the rules, deadlines, and the RNRB trap. It outlines practical steps to mitigate exposure while keeping family ...

As debates on taxation intensify, the effort to transition toward taxing income from wealth rather than work emerges as an intriguing policy alternative, potentially reshaping the fiscal landscape in the United Kingdom ... ...

Following a recent Court of Appeal ruling, HMRC has announced a crackdown on fraudulent Stamp Duty repayment claims. Homebuyers are advised to avoid rogue agents touting misleading schemes that could result in significant pen ...

The first thing to consider when employing young people is their age. Children under the age of 13 are not allowed to work except in certain circumstances. However, there are a number of restrictions for all individuals under ...

Marriage offers profound property tax advantages, affecting Income Tax, Capital Gains Tax, Inheritance Tax, and more. Couples can maximise reliefs, allocate income wisely, and transfer assets without incurring tax liabilities ...

As pressure mounts to introduce a Wealth Tax in the UK, innovative tax strategies could pave the way for increased revenues. In this blog post, I'll examine options such as Capital Gains Tax reforms, Inheritance Tax simplific ...

With the introduction of the OECD Cryptoasset Reporting Framework, UK crypto-investors will be subject to stricter regulations. Starting from January 2026, they must disclose personal details and cryptocurrency transactions t ...

With the rise of side hustles, HMRC highlights the need to understand side hustle taxation. Earnings above £1,000 require registration and a self-assessment tax return. By being proactive, side hustlers can manage their oblig ...

The debate surrounding Capital Gains Tax rates intensifies as the Chancellor approaches the Autumn Budget. While potential increases aim to address fiscal challenges, history suggests that drastic rate hikes may hinder rather ...

In 2025, Tax Freedom Day has shifted to the 12th of June, marking a worrying trend for British tax payers. This later date is attributed to rising taxes and frozen thresholds, urging individuals to explore strategies to bring ...

By participating in the Rent A Room Scheme, you can effortlessly earn up to £7,500 a year tax-free. This applies whether you own your home or are simply renting. In today's economy, this scheme provides a vital opportunity fo ...

The addition of VAT on private school fees since January has caused a substantial increase in education costs, with fees rising by an average of 22.6%. This change has already triggered student enrolment declines, raising con ...

The recent case of Afsha Chugtai vs HMRC has significant implications for Inheritance Tax (IHT) legislation, particularly regarding trusts. The tribunal examined whether funds in two trusts qualified for exemption from IHT, u ...

The implications of tax policy changes can significantly impact individual financial planning, and strategic pension contributions serve as a vital tool in mitigating these effects ... ...

The landscape of retirement savings in the UK is changing, especially concerning small pension pots. As the introduction of auto-enrolment pensions continues to proliferate, millions of individuals now possess tiny pension po ...

Few events are as nerve-wracking as encountering unexpected tax demands following a purchase. The case of a £6.6 million property bought by pharmacist Bemal Patel stands as a glaring example of how these treacherous waters ca ...

More than 1.1 million savers have been impacted by a burgeoning tax on savings, a reality that many may not have anticipated. The convergence of high interest rates and the longstanding freeze on personal allowances have put ...

Gifting cash for a property purchase for children is a common way parents support their offspring in securing a home. However, they then can find themselves ensnared in various tax traps that demand careful consideration ... ...

Making sure you pay the right amount of tax is essential, and with the introduction of more sophisticated computer systems, it is becoming increasingly difficult for taxpayers to keep things hidden from HMRC ... ...

As individuals approach their retirement years, the importance of a robust financial plan becomes paramount. One often overlooked aspect is the potential to top up your state pension, particularly as a deadline is fast approa ...

Inheritance Tax (IHT) is a complex and often daunting subject for many individuals and families. In recent years, the government has seen an uptick in IHT receipts, with figures reaching £7.5 billion for the tax year 2023/24 ...

Are you due to submit your Annual Tax on Enveloped Dwellings (ATED) return soon? ATED is a pre-emptive tax which means you may need to file a return even if you have no tax to pay. Returns are due by the 30th of April each ye ...

As the final weeks of the 2024-25 tax year approach, vigilant taxpayers are keenly aware of the impending deadline: the 5th of April. This date marks the cut-off for various tax-free allowances ... ...

The landscape of electric vehicle EV ownership is set to undergo a significant transformation in terms of fiscal responsibilities as 83% of EV owners remain oblivious to a looming £195 road tax bill that will be implemented f ...

Dealing with the loss of a loved one is never easy, especially when coupled with the complexities of managing an estate. Among the tools at your disposal for post-death tax planning, Deeds of Variation stand out as an effecti ...

The recent announcement regarding the treatment of pensions for Inheritance Tax purposes has significant implications for your financial planning. From April 2027 onwards, any unused pension pots and death benefits will form ...