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TAX
Tax Rises Inevitable Amid Tariff Trade War?
The dust had barely settled on Rachel Reeves’ Spring Statement before shockwaves were sent through financial markets following news of trade tariffs from America. Donald
Tax-Deductible Training Costs
Last updated: 16 October 2026 Are training costs tax deductible? Often, yes. HMRC updated its guidance on training costs for self-employed people in 2023 because
Taxman Collects More than £400m in Interest Charges
Last updated: 16 October 2026 How much does HMRC collect in interest? A Freedom of Information request revealed that HMRC collected more than £400 million
The Autumn Budget – Potential Tax Changes
Chancellor Rachel Reeves has set the date for the Government’s Autumn Budget. It will take place on the 26th of November. Speculation over tax reforms
The Government Refuses to Increase the Annual Personal Allowance to £20,000
Last updated: 16 October 2026 What is the personal allowance for 2026/27? The personal allowance is £12,570 for 2026/27. This is the amount of income
The new tax year has seen my council tax rise significantly. Is there anything I can do to reduce my bill?
Last updated: 14 October 2026 How can you reduce your council tax bill in the UK? Start by checking whether you qualify for a discount,
The Taxman has Asked me for Enquiry. Do I Need to Go?
Last updated: 16 October 2026 The question HMRC has opened an enquiry into my tax return, taken my books and records and now wants a
There are 53 Mondays this year. Is that 53 Times the Taxes?
Last updated: 16 October 2026 Does a year with 53 Mondays mean 53 times the tax? No. The 2026/27 tax year runs from Monday 6
Trading Losses and CGT
Last updated: 16 October 2026 When could a trading loss be wasted? Usually, a sole trader or partner with a trading loss sets it against
Treasury Coffers Swell from IHT Bills – Even Before Imminent Reforms Set In
Reforms to Inheritance Tax were arguably among the most contentious measures that Rachel Reeves announced during her Autumn Budget. We’ve seen farmers staging significant protests
UK and Ecuador Announce Tax Treaty
Last updated: 16 October 2026 What did the UK and Ecuador agree? The UK and Ecuador signed their first comprehensive double taxation treaty on 7
Was this a personal gift or a donation to repair costs?
Last updated: 14 October 2026 Is money given towards your business repair costs a personal gift or taxable income? It depends on why it was
We buy anything via our company, we don’t pay tax? Is it true?
Last updated: 16 October 2026 The question A friend told me I could buy a van or motorcycle through my company and not pay any
What are the Capital Gains Tax (CGT) Implications on Selling Bungalow?
Last updated: 14 October 2026 What are the capital gains tax implications of selling a bungalow? If the bungalow has been your only or main
What are the Changes to Alternative Financing Tax Rules?
Last updated: 14 October 2026 What changed in the tax rules for alternative finance refinancing? Finance Act 2025 changed the rules so that refinancing an
What are the Exemptions from Council Tax for Unoccupied Properties?
Last updated: 14 October 2026 Which council tax exemptions apply to unoccupied property? In England, some empty homes are fully exempt from council tax, but
What can I Do After Receiving Nil Award For Working 30 hours a Week?
Last updated: 14 October 2026 I was made redundant and quickly found a part-time job on a much lower wage. I applied for Tax Credits
What Does the New Government Mean for Tax?
The time for debate and conjecture is now over. The General Election was settled on 4 July and we now know we have a new
What Employer NI Changes Should New Businesses Prepare For?
Q:I run a relatively new business. Our employer National Insurance contributions are quite modest at this point, standing at £13,900 annually so far since we
What happened to the Furnished Holiday Lettings rules in the Budget?
Last updated: 14 October 2026 What happened to the furnished holiday lettings rules? The furnished holiday lettings (FHL) regime was abolished from 6 April 2025