HMRC treats most Cryptoasset disposals as subject to Capital Gains Tax, not gambling or currency. This article covers the basics for UK...

Overview Disposing of a buy-to-let can trigger several UK tax obligations. This article outlines how Capital Gains Tax (CGT) applies, the...

Overview The UK Inheritance Tax (IHT) nil-rate band (NRB) is £325,000. The residence nil-rate band (RNRB) gives an additional £175,000...

Making Tax Digital for Income Tax: What You Need to Know About MTD for ITSA From April 2026, Making Tax Digital for Income Tax Self...

A Family Investment Company (FIC) is a private company used to hold investments for family members. It can be an alternative to trusts...

Overview The current Dividend Allowance  is now only to £500  per person. So Small company directors/shareholders are seeing more of...

💼 2024 Autumn Budget: What the NIC Changes Mean for Employers The 2024 Autumn Budget delivered some tough news for UK employers. With...

Travel and subsistence expenses for a company director are a notoriously grey area of tax legislation and a understanding of these rules...

When renting part of your main home such a Annexe or Self contained out-building it can trigger an unexpected tax bill Renting out part...

Self Employed (Sole Trader) : What You Can (and Can’t) Deduct from Tax One of the most common questions from our Self Employed clietns is...

Salary sacrifice is an arrangement where an employee agrees to forgo a portion of their gross salary in exchange for certain benefits...

" " (MTD) for VAT is a UK government initiative designed to simplify the tax process for businesses. It mandates that businesses must...

Capital Gains Tax (CGT) is due on "profit" made when you sell or dispose of an asset that has increased in value. If you sell a...

Beyond the main commercial compentents of any Limted company sale, if the sale proceeds are paid in one intial payment and the remainder...

From May 1, 2024, Companies House will implement new fees as part of updates following the Economic Crime and Corporate Transparency...

Chancellor Jeremy Hunt has cut workers' National Insurance from 10% to 8% The higher rate of capital gains tax on residential property...

From 1 January 2024 HMRC's involvement with OECD (Organisation for Economic Co-operation and Development) will mean that Digital...

The 2023 Autumn Statement was fairly light on any real content, so below is a summary of the few points that are relevant to individuals...

Recently passed legislation (The Economic Crime and Corporate Transparency Act) meaning that there will soon be a requirement for small...

For the 2023/2024 Tax year if your earnings are between £100,000 and £125,140, the loss of the personal allowance could mean you end up...