Latest Tax News

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23-10-2025
Have you verified your ID at Companies House?

Have you verified your ID at Companies House?

From 18 November 2025, all company directors and people with significant control (PSCs) will be legally required to verify their identity at Companies House. This verification is being phased in over ... read more

23-10-2025
Report and pay Capital Gains Tax

Report and pay Capital Gains Tax

If you sell assets such as shares or land, you may need to report your Capital Gains Tax either through Self-Assessment or HMRC’s ‘real time’ CGT service; deadlines and rates depend on the type of ... read more

23-10-2025
Reliefs and allowances for Corporation Tax purposes

Reliefs and allowances for Corporation Tax purposes

Companies can reduce their Corporation Tax bill through a range of reliefs, including R&D credits, Patent Box, and creative industry tax reliefs, all of which will help to lower the overall tax on ... read more

23-10-2025
Reporting foreign income to HMRC

Reporting foreign income to HMRC

If you are UK resident and receive income from abroad, such as overseas wages, rent, or investments, you may need to pay UK Income Tax and report it through Self-Assessment. Income Tax is generally ... read more

23-10-2025
Claiming lettings relief

Claiming lettings relief

If you have tenants in your home, it’s essential to understand the Capital Gains Tax (CGT) implications. Typically, there is no CGT on the sale of a property used as your main residence due to Private ... read more

23-10-2025
Claiming for working at home

Claiming for working at home

Employees who are working at home may be entitled to claim tax relief on certain work-related expenses. Where such costs are not reimbursed by the employer, either by direct payment or an allowance, ... read more

22-10-2025
Don’t be tempted to withhold pay as a form of leverage

Don’t be tempted to withhold pay as a form of leverage

Ms Constantine had been a veterinary surgeon since 2017. Initially, she had worked every day with two half days rest, but this increased to four full days and a weekend every three weeks. Moreover, ... read more

20-10-2025
UK productivity remains disappointingly weak

UK productivity remains disappointingly weak

The UK continues to struggle with low productivity growth, a long-running challenge that shows little sign of improvement. In the three months to June 2025, output per hour worked was around 1.5% ... read more

20-10-2025
Why solvency is the true test of business strength

Why solvency is the true test of business strength

Every successful business, no matter how innovative or fast-growing, ultimately depends on one simple measure: solvency. A solvent business is one that owns more than it owes, with sufficient assets ... read more

17-10-2025
CIS – qualifying for gross payment status

CIS – qualifying for gross payment status

The Construction Industry Scheme (CIS) is a set of special rules for tax and National Insurance for those working in the construction industry. Businesses in the construction industry are known as ... read more