We have become aware of scam letters and emails falsely claiming to be from HMRC being sent to taxpayers. These letters request important personal information that fraudsters could use to…
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Under current pension rules, many pension funds allow members to withdraw up to 25% of their pension savings tax-free. However, the Finance Act 2023 capped this tax-free amount at £268,275,…
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As speculation builds around potential changes to Capital Gains Tax (CGT), many are questioning whether the tax landscape might revert to past policies, including the possibility of taper relief. There…
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Making Tax Digital (MTD) is an initiative by HMRC to modernise the UK tax system, making it easier for businesses to get their tax right. By moving away from paper-based…
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On 29 July 2024, the Chancellor announced that effective from 1 January 2025, all education services and vocational training provided by private schools or connected entities will be subject to…
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The government has released draft legislation proposing to end the special tax treatment for furnished holiday lettings (FHL), effective from 6 April 2025 for individuals and 1 April 2025 for…
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Tax-free childcare accounts can be used to pay for approved childcare for children aged 11 or under, or up to 16 if your child has a disability. This includes summer…
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In the 2022/23 tax year, over half a million taxpayers paid a marginal income tax rate of 60%, a 23% increase from the previous year. This marginal rate affects individuals…
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