From August 2025 employed taxpayers will no longer be required to complete a self assessment tax return (SATR) to declare and pay the high-income child benefit charge (HICBC). The HICBC is a tax charge paid by the higher earning parent which claws back up to 100% of...
Changes to the company size thresholds from April 2025 will also apply for the purposes of the off-payroll working (OPW) rules. The primary aim of the changes to the company size thresholds was to simplify regulatory requirements and alleviate the administrative...
Chancellor of the Exchequer, Rachel Reeves, held the Spring Statement on Wednesday 26 March 2025. In the run up to the event, the Chancellor stated that she ‘remains committed to one major fiscal event a year to give families and businesses stability and certainty on...
In today’s highly competitive business environment, the drive for profitability and growth can be overwhelming. While these factors are vital for a business to survive, it is equally important that the right approach is taken to ensure ethical and legal obligations...
Individuals using online selling platforms as ‘side hustles’ to boost their income or make a living are being warned of an HMRC crackdown due to come into force soon. Websites such as Vinted, eBay and Airbnb had until the end of last month to tell HMRC about how much...
Business owners considering selling their companies are being urged to accelerate their plans in a bid to avoid cuts in tax relief. Business Asset Disposal Relief (BADR), previously referred to as Entrepreneur’s Relief, offers a preferential Capital Gains Tax rate of...
