Tax News

How to maximise tax relief on losses to offset higher employment costs


The recent rise in employers’ National Insurance Contributions (NICs) to 15 per cent will lead to a 60 per cent ...

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Married vs unmarried couples – Inheritance Tax traps that could cost your family thousands


For many couples, the question of whether to marry is a personal one, often shaped by lifestyle choices, beliefs or ...

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Change to dividend reporting to affect thousands of owner-managed businesses


From 6 April 2025, many directors will need to report dividend income in much more detail in their Self-Assessment tax ...

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Why capital allowances should be top of your to-do list this April


The new financial year will see many of the proposed changes announced in the Autumn Budget enacted, impacting businesses across ...

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Should you submit your tax return at the start of this tax year?


Submitting your Self-Assessment tax return at the start of this tax year is a great way to manage your tax ...

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Labour introduces harsher penalties for late taxpayers


The Chancellor’s Spring Statement introduced harsher penalties for late taxpayers under Making Tax Digital for Income Tax Self Assessment (MTD ...

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900,000 sole traders pulled into MTD for ITSA


The Government has confirmed that Making Tax Digital (MTD) for Income Tax will apply to sole traders and landlords earning ...

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Too many businesses falling into VAT traps


VAT is complex, and too many businesses are making costly, avoidable mistakes. Even a simple oversight or misunderstanding can lead ...

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Spring Statement 2025


[spring-statement-2025]

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