The payment of National Insurance contributions is linked to entitlement to the state pension. If sufficient National Insurance...

A combination of higher interest rates and stealth taxation may mean that you are now paying tax on savings income for the first time. If...

If you are self-employed, you will pay tax on your taxable profit. In working out your taxable profit, you can deduct certain expenses...

Despite the shortage in rental accommodation, investment in residential property is out of favour. In her Autumn Budget, the Chancellor...

One of the few pleasant surprises in the Autumn 2024 Budget was that the Chancellor did not increase the rate of capital gains tax on...

The favourable tax rules that apply to furnished holiday lettings (FHL) come to an end on 5 April 2025. For many landlords, this may be...

Many start-up businesses take out loans to get going, e.g. to purchase stock needed to sell, or to make the first rent payment or rent...

Post pandemic, homeworking has become the norm, especially the increase in 'hybrid' working, i.e. spending part of the week at home and...

HMRC's Alternative Dispute Resolution (ADR) process was introduced over a decade ago, the intention being to provide an 'alternative'...

Under Making Tax Digital for Income Tax Self Assessment (MTD for ITSA), sole traders and unincorporated landlords within its scope will...

Under payrolling, employers deal with taxable benefits provided to employees through the payroll, treating the taxable amount of the...

Business Asset Disposal Relief (BADR) is a valuable relief which reduces the rate of capital gains tax payable on gains made on the...

Employers looking to spread some seasonal cheer can do so in a tax-efficient manner by taking advantage of the exemptions for annual...

One of the key announcements in the Autumn 2024 Budget was the rise in employer’s National Insurance contributions from 6 April 2025....

VAT-registered businesses who use invoice accounting generally account for VAT when invoices are issued and received. HMRC have recently...

Entitlement to the full state pension depends on having sufficient qualifying years. Where a person reaches state pension age on or after...

If you pay tax through PAYE, as will be the case if you are an employee or a pensioner, you may need to complete a Self Assessment tax...

When starting a business, there are a number of ways in which this can be done. Options include operating as a sole trader, forming a...

In personal and family companies, the lines between the company’s finances and the director’s finances may become blurred. A director may...

Where a property has at some time been a main residence, certain periods of absence are treated as periods of residence for the purposes...