Employers are able to provide employees with a range of health and welfare benefits without giving rise to a tax charge under the...

Self-employed earners whose earnings exceed the lower profits limit (set at £12,570 for 2025/26) must pay Class 4 National Insurance...

There are various ways to enjoy savings income without paying tax on it. In addition to the personal allowance, basic and higher rate...

In a post on X, HMRC recently warned taxpayers ‘not to get caught out by ads promising quick refunds for working from home’, urging...

Employer’s National Insurance rose considerably from 6 April 2025. Not only did the rate increase from 13.8% to 15%, but the secondary...

Profits arising from land or property are treated as arising from a property business. For tax purposes, profits from land and property...

The favourable tax regime for furnished holiday lettings (FHLs) came to an end on 5 April 2025. For 2025/26 and later tax years,...

The property allowance enables individuals to enjoy property income of up to £1,000 each tax year free of tax and without the need to...

Sometimes a business may have ceased trading but then receives income that has not been included in the final cessation accounts, e.g. an...

HMRC can enquire into any tax return and request information to establish whether that return is correct. No reasons need be given for...

Partnerships are the only business entities that can be formed by oral agreement, created automatically when two or more persons engage...

Landlords letting holiday accommodation may be able to pay business rates rather than council tax on their property. This will generally...

Special rules apply for stamp duty land tax (SDLT) purposes where there is more than one sale and purchase between the same buyer and...

Running a property business through a limited company has become increasingly popular, not least because the rate of corporation tax paid...

Making Tax Digital for Income Tax Self Assessment (MTD for ITSA) is introduced progressively from 6 April 2026. It will require...

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 now do so....

Employers who provided taxable benefits and expenses to employees in the 2024/25 tax year need to meet compliance obligations in respect...

The off-payroll working rules apply where a worker provides their services to a medium or large private sector company or to a public...

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...

Drive along a country road and you may come across signs advertising 'Woodlands for sale'. Such signs invite investment in commercial...