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Latest news and updates

Reforms to powers of attorney

09 October 2023

These legal agreements enable a person to grant decision making powers about their care, treatment or

Bank deposits covered by FSCS

09 October 2023

Your eligible deposits with all High Street bank are covered by the Financial Services Compensation

Reporting self-employed profits 2023-24

05 October 2023

The basis of assessment reforms will change the way trading income is allocated to tax years. The changes

Transferring IHT unused nil rate band

05 October 2023

The Inheritance Tax residence nil rate band (RNRB) is a transferable allowance for married couples and

When you can and cannot use the Rent-a-Room Scheme

05 October 2023

The rent-a-room scheme is a set of special rules designed to help homeowners who rent-a-room in their

Paying tax by Certificate of Tax Deposit

05 October 2023

The Certificate of Tax Deposit scheme allowed users to deposit money with HMRC and use it later to pay

Income Tax in Scotland if you have more than one home

05 October 2023

There is an interesting anomaly that can affect taxpayers with homes in Scotland and other parts of the

CIS contractors monthly tax chores

05 October 2023

The Construction Industry Scheme (CIS) is a set of special rules for tax and National Insurance for those

National Living Wage potential boost

03 October 2023

The government looks likely to accept the recommendations of the Low Pay Commission with a boost to the

Government to support action against late payers

03 October 2023

Most smaller businesses will have spent time chasing customers for payment beyond their agreed payment

Do you need to register for Self-Assessment?

28 September 2023

Taxpayers that need to complete a Self-Assessment return for the first time are required to notify HMRC.

Unclaimed Child Trust Fund Accounts

28 September 2023

HMRC has published their latest statistics on Child Trust Funds (CTFs) that reveal that whilst around

Accommodation that qualifies as Holiday Lets

28 September 2023

The furnished holiday lettings (FHL) rules allow holiday letting of properties that meet certain

Community Investment Tax Relief scheme

28 September 2023

The Community Investment Tax Relief (CITR) scheme is designed to encourage investment in accredited

Replacement of domestic items relief

28 September 2023

The replacement of domestic items relief enables landlords to claim tax relief when they replace movable

VAT Capital Goods Scheme

28 September 2023

The VAT Capital Goods Scheme (CGS) is a means of spreading the initial VAT recovery in respect of certain

Charity Trustees Quiz

26 September 2023

The Charity Commission has launched the next phase of its trustee campaign which aims to increase charity

Help for businesses launching new AI

26 September 2023

Organisations across the country will be able to demonstrate that their new artificial intelligence and


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