Tax News

Are tax rises on the horizon? What recent activity at The Treasury means for you and your business


While the 2025 Spending Review focused on long-term investment rather than introducing new taxes, the scale of spending suggests that ...

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How much do you know about the normal expenditure out of income rule?


As families look for ways to mitigate future Inheritance Tax (IHT) liabilities, one strategy is the ‘normal expenditure out of ...

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Too many sole traders are still missing out on their State Pension


How much State Pension you get depends on your National Insurance (NI) record when you reach the State Pension age. ...

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Increased borrowing could mean increased taxes, experts warn


Public borrowing hit £20.5 billion in April, the highest level for that month since 1993 and nearly £3 billion above ...

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Kittel VAT: How to control the uncontrollable


Receiving a Kittel VAT notice is something that many businesses dread. HM Revenue and Customs (HMRC) can demand the repayment ...

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Mandatory payrolling of Benefits in Kind delayed by HMRC


The delay to payrolling Benefits in Kind (BIK) to 2027 may seem like a cause of relief for many businesses ...

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Company car VAT – Avoiding mistakes when applying the fuel scale charge


From 1 May 2025, HM Revenue & Customs (HMRC) reduced its road fuel scale charges, reflecting a drop in fuel ...

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Give with a warm hand – How smart gifting can protect your loved ones from Inheritance Tax


Inheritance Tax (IHT) is an increasingly pressing concern for families across the UK. With frozen thresholds, rising property values, and ...

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Capital allowances: Full Expensing vs AIA vs Writing-Down Allowances


Capital allowances allow businesses to claim tax relief on money invested in assets like machinery, equipment, or certain vehicles used ...

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