Articles in "Tax"

With the tax year end now imminent, there is still time to take action to maximise allowances.

The UK tax environment for residential landlords has never been more challenging or more complex. Between shifting policy signals, frozen thresholds, and the cumulative effect of reforms introduced over the past decade, many property owners are feeling the squeeze.

Owner-managed companies are often advised to pay directors a salary of £12,570 in line with the Personal Allowance, with remaining profits extracted by way of dividends. It’s simple, tax-efficient, and generally works well. However, ‘one size fits all’ rarely applies in tax planning.

Sophie Spaul, Senior Tax Manager gives her view on the budget announcements

HMRC has confirmed that 864,000 self-employed workers and landlords will be pulled into the quarterly reporting rules for Making Tax Digital (MTD) for Income Tax when it comes into force.

With the summer holidays approaching, HM Revenue & Customs (HMRC) are reminding working families that Tax-Free Childcare top-ups can be used to help pay for childcare costs, such as accredited holiday clubs, childminders, or sport activities.

Since the introduction of stamp duty in the 1600s, stamp duty has undergone numerous changes with the most recent one being in September 2022. With further changes announced in the Autumn Budget of 2024, where are we now?

Making Tax Digital (MTD) for Income Tax Self Assessment (ITSA) is transforming the way self-employed individuals and landlords manage their tax affairs. Here’s a simple guide to get you started with MTD for ITSA in three easy steps.