Employees paid on a Thursday or Friday could face extra tax in 2024/25
Thousands of people in the UK who are paid weekly could find themselves making extra tax payments this year if they are paid on a Thursday or Friday. Employees paid …
Blog
650,000 extra pensioners pay tax for the first time this month
Around 650,000 pensioners are facing the prospect of paying tax on their pensions for the first time from this month thanks to a big boost to the State Pension from …
The end of the P11D is expected in 2026
The P11D form which has been used to process ‘benefits-in-kind’ such as loans for season tickets and company cars will no longer be used after April 2026, as HMRC will …
Cryptocurrency gains must be reported on self-assessments
If you hold or invest in cryptocurrency, or even if your employer pays you in a cryptocurrency such as Bitcoin, you may need to declare this on your self-assessment form. …
Furnished Holiday Lettings tax rules set to change in 2025
The tax regime for Furnished Holiday Lettings (FHLs) is set to be abolished from April 6, 2025, with some key tax breaks being removed by the Chancellor in the Spring …
Budget changes and what they mean for you
The Chancellor, Jeremy Hunt, delivered his Budget statement to Parliament on March 6, and there were various changes that should benefit individual taxpayers and businesses.
One of the biggest announcements, …