High interest rates are great for savers; however people must be aware of the tax implications involved. This is especially true as the combination of rising rates and the frozen…
Read More
The tax year runs from 6 April to 5 April. Happy new tax year! Several new rules were introduced in early April 2025. Here’s a round-up of the changes kicking…
We were told today’s Spring Statement from chancellor Rachel Reeves would not include tax increases, focussing instead on cutting government spending. This prediction was right! The announcement coincided with an…
Most people don’t realise the reach of capital gains tax. For most of us, it lurks in the background, only emerging when we sell an asset or investment. The capital…
The self assessment tax return is set to get even bigger! From the next tax year (2025/26), self-assessment tax returns will require more mandatory information. Some currently voluntary information will…
Self assessment, PAYE and VAT payment dates are always known in advance of the deadlines. However time to pay is sometimes needed. Good news! You can set up a payment…
The last budget introduced an immediate increase to the rate of capital gains tax. The annual allowance for 2025/26 is £3,000. This is deducted from any profit achieved when selling…
After publicised plans to close the ‘loophole’ tax regime for non-doms, chancellor Rachel Reeves’ Autumn Budget has confirmed the new rules. “Non-dom” describes a UK resident whose permanent home – or…
Do you know someone over State Pension age? Maybe a relative or a friend … or you? The much-publicised, recent change to the distribution of the Winter Fuel Payment has…
Double-cab pickup trucks have been classified as vans for company car tax purposes for over two decades. However, this is set to change from April 2025. Double-cab pickups are hugely…
