With basic rate taxpayers now facing doubling capital gains tax (CGT) rates, and with the exempt amount a quarter of its previous level, it is

It is now more expensive to be late when it comes to making a VAT payment. The slowest payers now face a 250% increase to an annualised rate.

From summer, employed taxpayers who have to pay the high income child benefit charge won’t need to complete a self assessment tax return.

The self-employed with an income between £20,000 and £30,000 will be required to use Making Tax Digital (MTD) from 6 April 2028

There were no tax increases in the Chancellor’s Spring Statement (from the initial Spring Forecast), but that might just be pain deferred.

While the end of the tax year is a major focus of tax planning, it doesn’t end there, the start of the new tax year warrants as much planning

Statutory payments can be problematic to administer for smaller employers, but in a rare instance of generosity HMRC compensates for this.

HMRC has recently launched their Help for Hustles campaign to help people earning extra income to understand their tax obligations.

A warning for taxpayers who missed the 31 January filing deadline. It isn’t just penalties you’ll incur, but also late payment interest. 

Starting with the 2025/26 tax year, directors of close companies will need to separate the dividend income received from their companies.

Employees coming to work in the UK should see improvements with new overseas workday relief changes set to be introduced from 6 April 2025

Making Tax Digital (MTD) for 2025 comes with focus falling on new guidance for three-line accounts and joint property income.