Category Archive: Tax News

Potential tax increases and their impact on businesses

In recent reports, former Prime Minister Sir Tony Blair has forecasted potential tax increases that could have an impact on businesses across the UK.

The Tony Blair Institute’s chief economist predicts taxes may need to rise by 1.9 percentage points of GDP by the end of this Parliament to stabilise debt, potentially equating to over £50 billion.

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Earning between £100,000 and £150,000? Your tax return is changing

If you’re a high earner with between £100,000 and £150,000 in net adjusted income, you’ll soon receive a letter from HM Revenue & Customs (HMRC) regarding whether you need to continue submitting a Self-Assessment tax return.

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Furnished residential lets vs Furnished Holiday Lets – The tax situation

If you’ve invested in a property to let and furnished it, you will be liable to pay tax on the income you receive from letting the property out.

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HMRC has clarified tax rules on commuting for hybrid and remote workers

In a recent statement, HM Revenue & Customs (HMRC) has clarified travel from an employee’s home to their base office under a hybrid working arrangement does not qualify for tax relief.

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Due a tax rebate? Keep an eye on your account

In a new initiative designed to reduce paper use and unnecessary confusion, HM Revenue & Customs (HMRC) has announced a significant change to the way that taxpayers are notified of a repayment.

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Plan a little, achieve a lot – Destress with effective tax planning

April marks both the start of the 2024/25 tax year and Stress Awareness Month – a coincidence not lost on those of you who are turning your attention to tax planning for the coming year.

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Making the most of pension contributions for tax purposes

Are you ready for the end of the 2023/24 tax year?

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My business prioritises sustainability – Can I claim tax reliefs?

Investing in Environmental, Social and Governance objectives (ESG) and sustainability is becoming more popular for business owners at every level.

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Higher rate taxpayer? How to prepare for the end of the tax year

The end of the financial year is coming. 5 April is crunch time for making businesses and individual estates as tax efficient as possible.

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HMRC U-turns on its double cab pickups tax decision

HMRC surprised all taxpayers who own a double cab pickup as a company vehicle on 12 February by announcing that these vehicles would be classified as cars and not vans, which would have led to higher National Insurance Contributions (NICs) for owners.

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