HMRC will issue personal tax return penalties for late filing and late payment of any tax liabilities due. How are these penalties calculated? As Chartered Accountants and Tax Advisors, we strongly recommend that you file and pay your personal taxes […]
The 5 simple ways you can pay your personal tax liability. We go though each payment option, so you can decide the most convenient. Recap: Who needs to pay personal tax UK individuals who are registered for self-assessment must pay
With the Self-Assessment deadline less than 1 month away, HMRC have announced that 5.65 million tax returns are still outstanding. That is almost half of the expected 12 million tax returns due to be filed for the tax year 2024/25.
Are you planning to give your staff gifts this Christmas? Here are the rules that you must follow to ensure that the gifts are tax free for your staff. Related Links: DISCLAIMER – Please note that the content contained in
On Wednesday 26th November 2025, the Chancellor, Rachel Reeves delivered her second Budget. She announced £26.1 billion in annual tax rises by 2029/30 mainly by freezing income tax thresholds. Labour’s manifesto pledge not to raise income tax, National Insurance or
The National Minimum Wage for an individual aged 21 years and over will be £12.71 per hour. See all hourly minimum rates from April 2026 below. It is important to ensure that employees are paid the minimum wage. The hourly
National Minimum Wage – The new rates from April 2026 Read More »
The marriage allowance is a tax-free benefit that many couples in the UK don’t claim. Here’s how you can claim your £252 tax rebate for the 2025/26 tax year and potentially up to £1,259 by backdating your claim. Don’t use
What is the dividend allowance and how much tax do I pay on my dividend income? Are dividends received in an ISA taxable? The dividend allowance allows shareholders to receive dividend income tax free. Dividends received in excess are taxed
From autumn 2025, all company directors and people with significant control (PSCs) must verify their identity with Companies House under new laws to combat corporate crime. Don’t wait—verify now and stay ahead of the legal deadline. UPDATE: Companies House have
How To Verify Your Identity With Companies House Read More »
On Wednesday, 26th March 2025, Chancellor Rachel Reeves delivered her Spring Statement, outlining the government’s plans for the coming months. As anticipated, the Statement contained few new measures, with the majority of significant changes having already been set out in
Spring Statement 2025: Key Changes Taking Effect From April Read More »