Taxpayers face the prospect of heavy tax bill on their savings: How can you protect your money?
Aug 07, 2025
As the Government attempts to balance its books, HM Revenue and Customs (HMRC) has revealed over 2.6 million taxpayers will be hit with tax bills on their savings. It is estimated during the 2025/26 tax year, over 2.64 million savers will ...
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UK ‘stealth taxes’: How does this affect my finances?
Aug 05, 2025
Unsuspecting taxes that you often pay without realising, such as VAT (Value Added Tax) and the more recent tax freezes, are commonly referred to as ‘stealth taxation’. These are charges that may not be as clear to you as the Income ...
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HMRC launch trial stopping Corporation Tax reminder letters: How will this affect my business?
Jul 31, 2025
HM Revenue and Customs (HMRC) has launched an initial trial that will end the sending of Corporation Tax reminder letters. Launched earlier this month, the trial is designed to continue HMRC’s push to streamline their services. It will encourage businesses to complete ...
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Is your business eligible for the Employment Allowance scheme?
Jul 29, 2025
The Government’s Employment Allowance scheme is an opportunity all businesses can explore but it is important to check if your business fits the eligibility criteria. Employment Allowance allows eligible employers and companies to reduce their annual National Insurance liability. Initially set at ...
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A new online service for over 35 million UK taxpayers to control their tax affairs, but why the change?
Jul 24, 2025
HM Revenue and Customs (HMRC) have begun to roll out its ambitious Transformation Roadmap and the first announcement from this, is a brand-new system for workers to take control of their tax affairs. The new online Pay as You Earn (PAYE) ...
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Lack of data on UK billionaire tax figures is a concern for all
Jul 22, 2025
The Public Accounts Committee (PAC) are seeking clarity and understanding after their report revealed HM Revenue and Customs (HMRC) cannot identify how much tax is paid by UK billionaires. This news will concern Chancellor Rachel Reeves, who will be analysing all ...
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Why is Wealth Tax a hot topic of discussion?
Jul 17, 2025
As the Autumn Budget approaches, there is plenty of noise surrounding Rachel Reeves’ plans for current tax rates, whether there will be increases, freeze extensions and the potential introduction of new tax rates. One tax notion that is causing a stir ...
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Income Tax won’t rise according to Treasury minister – but could a further freeze be on the way?
Jul 15, 2025
With speculation increasing and showing no signs of slowing down surrounding the potential for Rachel Reeves’ Autumn Budget to increase taxes, one Treasury Minister has spoken today, suggesting the ‘headline’ rate of income tax will not increase later this year. While ...
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Are you on HMRC’s radar? The rising cost of money laundering compliance breaches
Jul 10, 2025
HM Revenue & Customs (HMRC) recently published its latest round of penalties for businesses breaching money laundering regulations, and the numbers should make any business owner sit up and take notice. Between October 2024 and March 2025, HMRC fined 336 businesses ...
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Earn extra income? HMRC urges you to file your tax return early
Jul 08, 2025
If you have made more than £1,000 from a side hustle last year, you might need to tell HM Revenue & Customs (HMRC), and the earlier you do it, the better. HMRC is now urging people with extra income to check ...
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