New HMRC guidance helps salon owners clarify employment vs self-employment when renting out chairs – vital for avoiding tax issues.

Over-relying on AI in a tax appeal backfires, as tribunal highlights the need for human checks when challenging HMRC decisions.

Make tax-efficient lifetime gifts with IHT exemptions like annual, spousal and surplus income rules to reduce inheritance tax.

Nearly a third of sole traders are unaware of Making Tax Digital, with many more unprepared for the 2026 rollout deadline.

In June, HMRC begins sending out simple assessments. They will come as a surprise to many recipients. From June 2025, HMRC will begin to issue simple

Rising interest rates and frozen allowances mean more savers owe tax, HMRC warns taxpayers to check and report unpaid interest promptly.

From autumn 2025, identity checks will be mandatory for directors and PSCs, verify early via GOV.UK, Post Office or a service provider.

Mandatory payrolling of most benefits is delayed to April 2027, employers can use P11D for now but must prepare for real-time tax changes.

Statutory Sick Pay reforms from 2025 will scrap waiting days and the earnings threshold, employers must prepare for higher costs and risks.

From April 2026, IHT relief on business and agricultural property will be capped at £1m, with complex new rules for lifetime gifts.

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.