Used wisely, a loan from your company can be a helpful way for a director to access funds. It can be useful when cash is needed quickly. However, there are important director’s loan risks. Tax rules are strict, and poor […]
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new child benefit tax charge payment option
HMRC has launched a new online service that lets taxpayers pay the High Income Child Benefit Charge (HICBC) in real time. The HICBC is often called the Child Benefit tax charge. HMRC’s aim is to cut the number of people […]
making tax digital exemptions
From April, Making Tax Digital (MTD) for Income Tax applies to sole traders and landlords with income above £50,000. Some people may qualify for Making Tax Digital exemptions depending on their circumstances. You can now apply to HMRC if you […]
HMRC rental income declaration campaign brings record revenues
HMRC’s Let Property Campaign continues to pay dividends. In 2024/25 alone, it generated a record £107 million in previously unpaid tax from landlords, an increase of over 60% compared to the prior year.
Correcting VAT Return Errors: New HMRC Process Explained
HMRC has recently updated the process for correcting VAT return errors, offering a clearer pathway for businesses to stay compliant.
Companies House Identity Checks Begin for Directors and PSCs
The rollout of Companies House identity checks will begin on 18 November 2025, marking a major step in the UK’s efforts to improve corporate transparency.
Stamp Duty on Second Home: A Cautionary Tale from Westminster
The recent resignation of former Deputy Prime Minister Angela Rayner over unpaid stamp duty has put the spotlight back on a complex area of tax law.
Stablecoin Limits for Businesses Proposed by Bank of England
The Bank of England’s proposal to introduce stablecoin limits for businesses has raised concerns among firms using, or considering the use of, cryptocurrency.
state pension age under review
State Pension Age Is Under Review Again Just before Parliament’s summer recess, the government quietly announced a new review of the State Pension Age (SPA). This decision could shape long-term retirement plans and significantly impact UK public finances. Why the […]
planning on selling your business?
Thinking of Selling Your Business? Here’s Why Timing Matters If you’re a company owner planning to sell your business in the next couple of years, there’s a significant tax change on the horizon. From 6 April 2026, the rate of […]
HMRC targets miscalculated corporation tax reliefs
Have You Received a Letter from HMRC About Corporation Tax Relief? HMRC is writing to companies it believes may have miscalculated their corporation tax relief under the marginal relief rules. These letters are part of a wider campaign to identify […]
electric car milage rates changing from september
HMRC Splits Advisory Rates: What Employers and Drivers Need to Know From 1 September 2025, HMRC will introduce new electric car mileage rates for company vehicles. For the first time, separate rates will apply depending on whether charging is done […]
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