A Guide to Paying Electric Vehicle Road Tax in the UK
5 June 2024
For a long while now one of the clear incentives to making the switch from an internal combustion engine (ICE) vehicle to a hybrid or electric one has been the
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Making Tax Digital: A Guide to the UK’s Digital Tax Transformation
22 May 2024
The UK government’s Making Tax Digital (MTD) program is revolutionising how individuals and businesses file their taxes. Aimed at creating a more streamlined and efficient tax system, MTD is gradually
Is Cryptocurrency Taxable? A Complete Guide to UK Tax and Crypto
20 March 2024
If you find yourself wondering, “is cryptocurrency taxable?” the short answer is: yes. In most circumstances, HMRC considers crypto to be a taxable asset. However, the type of tax –
What is a Personal Tax Account from HMRC?
3 March 2024
The UK’s tax authority HMRC has been planning for several years now to make its system entirely digital – a scheme known to individuals and businesses up and down the
VAT on Holiday Lets: What to Pay and How to Pay It
7 February 2024
The number of holiday-let homes in the UK is rising, and rising fast. From 2018-2022 in England alone, the number of homes let out to holidaymakers soared by 40%, suggesting
How Much Dividend is Tax-Free? Guide for UK Limited Companies
3 January 2024
When a limited company makes a profit in the financial year, its directors have the option to share that profit among their company’s shareholders using payments known as ‘dividends.’ In
Capital Gains Tax on a Second Home
6 December 2023
A guide to understanding and paying capital gains tax on second homes The rules regarding paying capital gains tax on a second home in the UK have changed dramatically over
Autumn Statement 2023
23 November 2023
The 2023 Autumn Statement was presented against a background of inflation falling from recent peaks. Annual inflation for the last quarter of 2023 is now expected to be 4.8%, against
Should You Charge VAT On Rental Income?
1 November 2023
A complete guide to VAT on rent for UK landlords Many landlords in the UK are understandably unsure whether or not they should be paying VAT on their rental income.
Income tax basis period reform in the UK: what you need to know
18 October 2023
The income tax basis period reform in the UK is a major change to the way that self-employed individuals and partnerships are taxed on their business profits. From the 2024/25
