Simple assessment letters sent to 560,000 taxpayers – What You Need to Know

HM Revenue & Customs (HMRC) is reaching out to around 560,000 individuals over the next few weeks regarding their tax obligations.

HM Revenue & Customs (HMRC) is reaching out to around 560,000 individuals over the next few weeks regarding their tax obligations.

Storms, heavy rain, and other severe weather conditions can cause major damage to your business premises, leading to costly repairs, loss of revenue, and in some cases, even financial ruin.

It goes without saying that submitting tax payments promptly is a necessity for businesses, not only to remain compliant but also to avoid unnecessary fines and penalties.

Recent Government data has revealed a drop in Capital Gains Tax (CGT) payments and the number of individuals paying it, a trend that might have important implications for the future.

Newsletter Jul/Aug 2024 HMRC is on track to meet the April 2026 delivery date when Making Tax Digital (MTD) will be mandated for the first tranche of self-employed taxpayers. Although you may be tempted to put off setting up new…

Directors’ loans are money you borrow from your company, distinct from salary, dividends, or reimbursed expenses.

Starting next year, non-doms will face a tougher tax climate as Labour takes steps to fix what they see as outdated tax perks and overhaul Inheritance Tax (IHT) rules.

There have been a lot of political changes in recent months, but the outlook for small and medium-sized enterprises (SMEs) remains gloomy.

The recent Scottish Widows 2024 retirement report highlights a growing pensions crisis, with the number of people not on track for even a minimal retirement lifestyle rising from 35 to 38 per cent over the past year.

The recent resignation of Gareth Southgate as England manager, after an impressive eight-year tenure, marks the end of an era. Opinion is divided on Southgate’s time as England boss. However, it cannot be argued that his leadership sparked a transformation…