Mandatory payrolling of Benefits in Kind
Actions to take now The tax rules on Benefits In Kind (BIKs) are changing. From 6 April 2027 to 5 April 2028, Phase 1 of HMRC’s ‘Mandatory payrolling of Benefits […]
Personal Tax
Consultation launched on details for High Value Council Tax Surcharge
The government has opened a consultation on the details for the High Value Council Tax Surcharge (HVCTS) that is expected to come into force in England from 1 April 2028.
Why Financially Successful Business Owners Can Still Feel Out of Control
How to make sure your personal finances stay on track Your business can be doing well financially but you can still feel uncertain about where your personal finances are heading.
Rates down, risks remain: planning after the Bank Rate cut and into autumn data
With Bank Rate now at 4%, financing conditions have eased compared with last year—but the Bank of England is clear that the journey back to its 2% inflation target won’t
How the Non Dom Abolition and Golden Visa Revival Affect UK Businesses
Since 6 April 2025, the UK has dismantled the historic non dom tax status, ushering in a residence based regime: wealthy individuals residing over four years now face UK tax
Autumn 2025 CGT Hike: What UK Businesses Must Plan Now
Following recent consultations and political signals, there’s growing expectation that the Autumn 2025 Budget will include increases to Capital Gains Tax (CGT). The potential rise adds urgency for business owners,
Is a tax return still required to be filed?
HMRC has raised the income threshold for submission of tax returns from £100,000 to £150,000 and they are writing to individuals saying that tax returns are no longer required. However,
Pensions, tax relief and the High Income Child Benefit Charge
You may be making pension contributions but in certain circumstances you may be eligible to claim additional tax relief. Many pension providers operate a RAS (Relief at source) scheme. Your
Tax savings by giving money away?
Do you make payments under “gift aid”? You may make regular direct debits to your favourite charity, or you may do one-off sponsorships e.g. a charity walk or parachute jump.
How do you take money out of your own Limited Company?
A limited company is a separate legal entity from the individuals that own the shares. Any trading receipts belong to the company and directors should not just “help themselves” to