Latest News
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A £3,000 side-hustle allowance: more generous than it looks?
Business TaxPeople making money from small side businesses will have more room to earn without paying income tax, following a Budget decision to triple the trading allowance. However, the figure relates to what you receive before expenses, not the profit you keep. Will the £3,000 allowance actually save you tax?
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HMRC increases penalty interest rates
Business Tax, Personal TaxAn increase in the Bank of England base rate also increases the penalty interest charged by HMRC on underpaid taxes. What are the new rates?
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Founders' relief: a closer look
Personal TaxThe Budget's new Founders' Relief sounds remarkably generous, offering a 10% capital gains tax rate on up to £10 million of gains from selling shares from April 2027. However, a closer look at the proposed qualifying conditions suggests that relatively few business owners will benefit. Why might the relief be so difficult to claim?
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Autumn Budget 2026 – what are the key tax announcements?
VAT, Business Tax, Personal TaxThe Chancellor delivered the Autumn Budget on 28 October, announcing a mixture of tax increases, new reliefs and changes to the way tax is administered. Although the headline rates of income tax, National Insurance (NI) and VAT remain unchanged, there are some significant changes affecting business owners, landlords and private individuals. What are the main announcements?
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Menopause and mental health support can be tax-free
Business Tax, Personal TaxEmployers offering counselling and wellbeing services to staff have received clarification about which services can be provided tax-free. Updated guidance specifically includes menopause and mental health support, but not all employee assistance programmes will qualify. What should employers check?
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Company owners' personal tax affairs under scrutiny
Personal TaxCompany owners are being urged to check their personal tax affairs as a new compliance campaign focuses on transactions between limited companies and the people who control them. Loans, personal expenses and the use of company assets are among the areas attracting attention. Could you have overlooked a tax liability?
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