Investors’ Relief under pressure – Why HMRC is tightening its approach
20 May 2025
HM Revenue & Customs (HMRC) is writing to taxpayers who claimed Investors’ Relief on their 2023/24 Income Tax Self-Assessment returns but may not meet the strict eligibility criteria.
Are we underestimating the real impact of workplace pressure?
15 May 2025
This week is Mental Health Awareness Week, and an important opportunity to reflect on how we manage wellbeing in the workplace.
The Bank’s latest rate cut is here, what now for your business?
13 May 2025
The Bank of England (BOE) has cut the base interest rate to 4.25 per cent, down from 4.5 per cent.
Company car VAT – Avoiding mistakes when applying the fuel scale charge
8 May 2025
From 1 May 2025, HM Revenue & Customs (HMRC) reduced its road fuel scale charges, reflecting a drop in fuel prices.
How to claim a Self-Assessment tax refund during the HMRC phone line pause
6 May 2025
HM Revenue & Customs (HMRC) has recently temporarily suspended telephone and webchat services for Self-Assessment repayment requests.
How to maximise tax relief on losses to offset higher employment costs
1 May 2025
The recent rise in employers’ National Insurance Contributions (NICs) to 15 per cent will lead to a 60 per cent increase in NIC costs for a business employing minimum wage staff, according to the Centre for Policy Studies. With no
How HMRC treats cryptoassets disposed of by businesses
1 May 2025
Cryptoassets make up a growing portion of the market, and businesses are increasingly looking to take advantage of these digital currencies. If your business carries out activities involving the exchange of cryptoassets, then you are liable to pay tax on
HMRC is closing its free Company Tax Return service
1 May 2025
HM Revenue & Customs (HMRC) will permanently close its free service for submitting Company Tax Returns and annual accounts on 31 March 2026. Built over a decade ago for simpler businesses, the platform no longer meets modern digital standards. Companies
Joint owners of Furnished Holiday Lets prepare for increased taxes
1 May 2025
With the abolishment of the specific tax considerations for Furnished Holiday Lets (FHL) from the beginning of the current tax year, owners need to prepare for higher tax bills. Given that couples and joint owners of FHL benefited from specific
Beware tax avoidance scheme promoters – HMRC cracks down with new powers
1 May 2025
Recent Government estimates suggest that as much as £1.8 billion is lost every year due to tax avoidance schemes. That money, designated to fund schools, hospitals and other essential services, is in part, leading the Government to borrow more than
