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Payroll Settlement Agreements (PSA)
Last updated: 16 October 2026 What is a PAYE Settlement Agreement? A PAYE Settlement Agreement (PSA) lets an employer pay the tax and National Insurance
Planning for Retirement
Last updated: 16 October 2026 Why plan now? Pensions remain one of the most tax-efficient ways to save for retirement. Contributions attract tax relief at
Planning Your Profit Extraction
Last updated: 16 October 2026 Why profit extraction needs planning How you take money out of your limited company affects how much tax you, and
Plugging NIC Gaps
Many people don‘t realise that they have significant gaps in their National Insurance Contribution (NIC) record, and as a result they won‘t be entitled to
Record Self-Assessment Returns, but Estimated 1m Miss Deadline
The record number of taxpayers submitting Self-Assessment tax returns was beaten in January, it’s been revealed, with a new high of 11.5million being reached. That’s
Reeves Under Pressure to Create Wealth Tax
Last updated: 16 October 2026 Does the UK have a wealth tax? No. The UK does not have an annual tax on a person’s total
Reeves Urged to Launch Tax Raid on Landlords
Labour MPs and influential advisers are urging Chancellor Rachel Reeves to “launch a tax raid” on landlords as part of efforts to fill a fiscal
Relief for Mortgage Interest on Let Properties
Last updated: 16 October 2026 Can landlords deduct mortgage interest? Individual landlords cannot deduct mortgage interest or other finance costs from residential rental income. Instead,
Renting Out a ‘Spare’ Room
The children are gone and there is an unoccupied ‘spare’ room. Apart from using the room as extra storage, renting it out is another option
Reporting Crypto Profits and Losses
Last updated: 19 October 2026 HMRC defines crypto assets as: “cryptographically secured digital representations of value or contractual rights that can be transferred, stored, and
Reporting Residential Property Gains – The Timing is Tight
Last updated: 16 October 2026 Who must report? If you sell or give away a UK residential property that has not been your only or
Revealed – UK’s Biggest Deliberate Tax Defaulters
Last updated: 16 October 2026 What is HMRC’s deliberate tax defaulters list? HMRC publishes the names, trade and addresses of people and businesses that have
Saving Tax on Purchasing a Second Property
Q. We have just purchased a second property, which we intent to occupy at weekends to escape the hectic city life. We’re both in our 50s
Scammers Target Self-Employed with Fake Tax Refund Promise
A surge of bogus tax refund phishing scams is feared by HMRC officials. The Government body has warned self-employed people to watch out for fraudsters
Scotland Creates New Higher Income Tax Band
Scottish taxpayers earning more than £75,000 are set to pay a new higher rate of 45% from 2024-25. The Scottish Government has announced the change
Seasonal Staff Warning from HMRC
Last updated: 16 October 2026 Do seasonal staff need to be auto-enrolled into a pension? Yes. Seasonal and temporary workers have the same workplace pension
Selling my business before the new tax year to save tax. So, 2010/11?
This question covers the 2010/11 tax year, when the relief was called Entrepreneurs’ Relief. For the current Business Asset Disposal Relief rules (18% from 6
September Key Tax Dates 2022
1 – Corporation Tax payment 30 November 2021 year end New rates published for Advisory fuel rates for company car drivers Trust Registration Service: deadline to
September Key Tax Dates 2025
1st Corporation Tax payments are due for companies with a year-end of 30th November. 19th For employers operating PAYE, this is the deadline to send
September Key Tax Deadlines 2024
5th Self-Assessment Registration Deadline: if you’ve become self-employed or earned other untaxed income during the 2023-24 tax year, you must register for self-assessment by this