Insights

At the end of this month, the Labour government will announce its first autumn budget after taking office.

<p>&nbsp; HMRC increases tax penalty intake by 25% &#8211; a record £851m collected It is well known that taxes in the UK are not cheap. However, if you seek professional advice in advance to plan a reasonable tax bill, you still have the opportunity to reduce some of the costs. In recent years, His Majesty’s [&hellip;]</p>

Today, we’re going to delve into a common misconception that many people have when it comes to VAT registration and thresholds.

Today, we would like to issue an important reminder to landlords, as well as to anyone considering entering the rental market.

Many of our clients have asked us – how do you set up a company in the UK?

In the UK, if you sell a property and make a capital gain, you need to pay Capital Gains Tax (CGT).

Investing in property in the UK is seen by many as lucrative, whether you are buying residential or commercial property.

50 KFC stores in the UK entered a dispute with HMRC over incorrect VAT payments, leading to a court case which ruled in HMRC's favour.

We previously discussed how National Insurance credits could be purchased to supplement your State Pension. 

When it comes to inheritance tax, setting up a trust is often viewed as an effective way to reduce taxes.

Retirement may not be on everyone’s mind, but it’s something that many more people are thinking about now. 

Now that the dust has settled, it’s time to take a look at some of the major policies set to be implemented by the new government.

In the UK, all football players who sign contracts with clubs are considered employees, so players must pay taxes directly to the HMRC.

Under the current rules, if you are a UK tax resident and domiciled in the UK, you must pay taxes on your global income and gains.

If you inherit an estate from family or relatives, you are required to pay inheritance tax to HMRC.

Did you know that opening a supermarket can indeed yield unexpected tax benefits?

Every financial year, you’ll receive a new Individual Savings Account (ISA) allowance of £20,000 which you can save tax-free.

Some may wonder – if I have an urgent need for the money, can I withdraw everything from my pension pot at once?

Did you know that the average person will switch jobs 11 times during their career, and accumulate 11 different pensions along the way?

From 1st January 2024, HMRC implemented new rules requiring online marketplaces to collect all seller information and report seller income.