The UK government is making big changes to how foreign income and gains are taxed. These changes mainly affect people who were previously classed as
Inheriting a property in the UK can be both a financial gain and a tax challenge. While you won’t immediately owe tax upon inheritance, Capital
Employer’s National Insurance rose considerably from 6 April 2025. Not only did the rate increase from 13.8% to 15%, but the secondary threshold also fell
Sometimes a business may have ceased trading but then receives income that has not been included in the final cessation accounts, e.g. an insurance payment
HMRC can enquire into any tax return and request information to establish whether that return is correct. No reasons need be given for the enquiry
Partnerships are the only business entities that can be formed by oral agreement, created automatically when two or more persons engage in a business ‘with
Landlords letting holiday accommodation may be able to pay business rates rather than council tax on their property. This will generally be cheaper, and if
Special rules apply for stamp duty land tax (SDLT) purposes where there is more than one sale and purchase between the same buyer and seller.
Running a property business through a limited company has become increasingly popular, not least because the rate of corporation tax paid on profits will generally
Making Tax Digital for Income Tax Self Assessment (MTD for ITSA) is introduced progressively from 6 April 2026. It will require unincorporated traders and landlords
As the 2024/25 tax year has now come to an end, individuals who need to file a Self Assessment tax return for that year can
Starting your own company in the UK? One of the first steps is registering with Companies House the UK’s official company register. Whether you’re setting
Employers who provided taxable benefits and expenses to employees in the 2024/25 tax year need to meet compliance obligations in respect of those benefits. The
If you rent out residential property in the UK, it’s important to understand how mortgage interest is treated for tax purposes, especially since key changes
The off-payroll working rules apply where a worker provides their services to a medium or large private sector company or to a public sector body
If your business is no longer required to be VAT-registered, or if you’re winding things down, you might consider cancelling your VAT registration with HMRC.
Employees may pay for the fuel that they use for business journeys undertaken in their own car or in a company car. Often, an employer
Every new tax year brings changes and from April, many UK taxpayers may see a larger slice of their income going to HMRC. But with
From 6 April 2025, HMRC is changing the way Double Cab Pickup trucks (DCPUs) are treated for tax purposes in the UK. These updates will
If you run a limited company, you may be wondering whether your business can cover the cost of private health insurance for you or your
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