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Key Dates and Deadlines in Personal Tax As 31 January approaches, taxpayers face the critical deadline to submit self-assessment tax returns and make payments. Despite reminders, many leave it to the last minute, causing delays and penalties for late submissions or...

The Impact of UK Interest Rate Cuts: What Happens if Inflation Rises? Interest rates play a crucial role in shaping the economy, influencing everything from borrowing and spending to saving and investment. When the Bank of England (BoE) cuts interest rates, it...

For employers, navigating the world of employee benefits can be tricky. You want to keep your team happy and motivated, but tax implications can make things confusing. Thankfully, HMRC offers a little perk called "trivial benefits", these can be Vouchers There’s in no...

How to reward your team in a tax-efficient way. As 2023 draws to a close, many employers will be looking for ways to reward their teams’ hard work. But how can you do that in a tax-efficient way that benefits both you and your employees? Thankfully, showing your...

Self-assessment What to watch out for when navigating this important financial obligation. The UK self-assessment system has its quirks and nuances, and understanding how to stay compliant is crucial to a smooth and stress-free income tax process. From early paper...

Accountants are struggling to work with HMRC at even the most basic level and are calling for urgent improvement. The overwhelming majority (93%) of respondents to an ACCA survey said that HMRC needed to make drastic improvements across at least three key areas...

But by getting ahead and maintaining your records all year round, you’ll make the submission of your tax return as stress-free as possible.

If you’re an expat planning to set up a business in the UK, this guide can help you understand the essentials.

The tax authority plans to cut the use of phone-based tax advisers by 30% within two years as it struggles to cope with increasing demand and cuts to staffing budgets HMRC chief executive Jim Harra said: ‘We want to reduce the volume of contact through phone and post...

As a landlord, you can choose to incorporate your business or run things as an individual. Each has its pros and cons. Here are some things to consider.