Bank deposit protection limits set to rise
The UK’s financial regulator has proposed an increase to the level of savings protection available under the Financial…
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Tax-free income from letting a room in your home
Homeowners can earn up to £7,500 tax-free under the rent-a-room scheme, with simple reporting and flexible tax options.…
Two important 2025 self-assessment deadlines
Paper tax returns are due 31 October 2025, and new registrants must notify HMRC by 5 October 2025.…
Are casual payments taxable?
Not all casual payments are tax-free; HMRC’s miscellaneous income rules may apply depending on the circumstances. The special miscellaneous…
VAT – Entertainment provided to directors and partners of a…
When considering VAT on entertainment provided solely to directors or partners of a business it is generally not recoverable as VAT…
Sharing income from jointly held property
The standard tax treatment for couples living together, whether married or in a civil partnership, is that income…
Exception from VAT registration
Businesses over £90,000 turnover must register for VAT, but HMRC may grant exceptions if the increase is temporary.…
What is the recent £150bn tech investment deal?
During the State Visit by President Trump, the UK secured a record-breaking £150 billion of inward investment from…
Choosing the right way to buy a vehicle for your…
For many business owners, a vehicle is an essential tool. Whether it is for visiting clients, delivering goods,…
Beware scams pretending to be HMRC
Fraudsters are continuing to target taxpayers with scam emails as the deadline for submission of self-assessment returns for…
War Widows Recognition Payments Scheme
Bereaved spouses who lost service pensions before 2015 have until 15 October 2025 to claim a one-off £87,500…
Dividend taxes will they increase?
Speculation is growing that rates or allowances applied to dividend income may change in the next Budget. The…
