A selection of business news and articles to help make your business a success
HMRC has had to repay a massive £56.9m in overpaid pension tax between April 1 and June 30 this year, as the problems with the emergency tax rate on flexible pension withdrawals continue to bite. HMRC will put you on an emergency tax rate when you first access your...
The Making Tax Digital (MTD) regime is set to begin applying to income tax soon. The first people to be brought into the regime will be the self-employed and landlords. Although April 2026, which is when relevant taxpayers must sign up to file digitally, sounds a long...
Anyone who needs to make changes to their VAT details now needs to do this online through their VAT online account. Prior to August 5, you could use the VAT484 form, or another postal or electronic method. But this is being phased out. The digital route is more secure...
The new Labour Government is adding VAT to school fees from January 1 next year. This will increase the bill to parents by 20%, unless schools choose to reduce fees another way to reduce the impact of the extra tax. Private schools were exempt from VAT on fees for...
Keeping good business records is an essential part of running a business, but it is also a legal requirement when it comes to HMRC. To keep on the right side of the law, businesses and individuals should keep records of their income and expenditure for at least six...
The Department for Work and Pensions (DWP) is making slow progress on addressing State Pension errors for around 194,000 parents who are being denied a full State Pension because they have not had the correct information applied to their National Insurance records....
If you are planning to retire overseas, you need to consider what to do with your pension once you leave the UK. There are a few options, including leaving your pension in the same UK pension fund, and just having the income paid to a sterling bank account, and then...
Schools are out and the summer holiday season is in full swing. For those of us going abroad, there are various things to consider when it comes to spending our cash overseas, to make sure we are getting the most out of our time away for the least amount of money....
Thousands of children have had a pot of money building up for them as they grow thanks to a Government initiative launched near the start of the millennium. The Child Trust Fund (CTF) was launched way back in 2005 and has been available to all children born between...
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