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“Time for a Wealth Tax”, Say the Rich.
The 2025 Sunday Times Rich List reveals that a small group of 350 families control £772 billion in wealth – enough to fund the UK’s
100,000 HMRC Accounts Hit by Scammers
Last updated: 16 October 2026 How do scammers target HMRC online accounts, and how can you protect yours? Fraudsters try to take over HMRC online
24 Month Tax Rules on Temporary Workplace
Last updated: 16 October 2026 The question We have an employee seconded from our EU parent company. She was due to be with us for
95,000 Get £100 Fines for Late Filing – Despite No Tax being Owed
We regularly remind our self-employed clients of their obligations for filing to HMRC and the deadlines for sending in their Self-Assessment Tax Return, not least
A Company Closes – How to Withdraw Any Remaining Cash Tax Efficiently.
Last updated: 16 October 2026 How do you close a company and take out the cash? When a company has stopped trading or is no
A Customer Is Refusing To Pay The Vat Element Of Their Invoice. What Shall I Do?
Last updated: 14 October 2026 What should you do if a customer refuses to pay the VAT on your invoice? First, check your contract or
A Million Taxpayers Miss Filing Deadline
Last updated: 14 October 2026 What happens if you miss the Self Assessment filing deadline? Around a million people miss the 31 January online filing
A new ’10p tax’ suggested to the Chancellor… by a billionaire
Last updated: 16 October 2026 What is the fuel duty rate in 2026? Fuel duty on petrol and diesel is 52.95p per litre until 31
A New Flat Rate for Pension Tax Relief? Budget Changes Expected
Amid the frequently repeated references to the £22bn ‘blackhole’ in the public finances and warnings from the Prime Minister of a ‘painful’ Autumn Budget, it
A Surcharge May be Added to the VAT Notice. Do I Need a Review?
Last updated: 14 October 2026 Can you ask for a review of a VAT surcharge or penalty? Yes. If HMRC charges you a VAT penalty
All my Income is Taxed is Under Paye, Should I Complete Tax Form?
I’ve received a £100 fine for not submitting my tax return, but I don’t remember receiving a form to complete. All my income is taxed
April Key Tax Dates 2022
1 – Due date for payment of Corporation Tax for accounting periods ending 30 June 2021 5 – Last day of 2021/22 tax year, deadline to use
April Key Tax Dates 2025
5th Current tax year (2024/25) ends. That means it’s the final opportunity to use up any tax allowances or reliefs for that year, such as
Are My Late Husband’s Overseas Assets Exempt from UK Inheritance Tax?
Last updated: 14 October 2026 Are your late husband’s overseas assets exempt from UK inheritance tax? It depends on his tax status when he died,
Are Old Sales Receipts Taxable if they are Added to Current Sales?
Last updated: 14 October 2026 Are old sales receipts taxable if you add them to current sales? Yes, but they should be taxed in the
Are there any IHT Implications of Gifting Money to our Son and Daughter in-law?
Q.2 Are there any IHT Implications of Gifting Money to our Son and Daughter in-law? I have a joint bank account with my wife. We view the money in that
Are There Any Reliefs I Can Claim to Reduce Gain by Selling my Shares?
Last updated: 14 October 2026 What reliefs can reduce the gain when you sell shares? Several. The main ones are Business Asset Disposal Relief, which
Are There Any Tax Implications for Providing Mobiles to Employees?
Last updated: 14 October 2026 Are there tax implications for providing mobile phones to employees? Not usually. One mobile phone per employee is exempt from
Are We Going Back to the Future for CGT?
Last updated: 14 October 2026 Is capital gains tax going back to income tax rates? Not yet. In the Autumn Budget on 30 October 2024,
Are You Struggling to Pay Your Tax Bill?
The last couple of years have been financially difficult for many and the coming year will bring increased costs – not least utility bills. The