Changes for Non-Doms in the UK
From 6 April 2025, the UK is introducing major changes for non-domiciled residents. The old remittance basis, which allowed non-doms to pay UK tax only on UK income and any foreign income brought into the UK, will be replaced by a new Foreign Income and Gains (FIG) regime. The FIG regime focuses on residence rather…
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Tax Returns Are Changing Forever: What Making Tax Digital Means for You from April 2026
Big changes are coming to the way millions of people in the UK do their taxes — and it’s starting in April 2026. If you’re self-employed, run your own small business, or rent out a property, the traditional once-a-year Self Assessment tax return is on its way out. Instead, we’re moving into the world of Making…
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Can HMRC Look at Your Bank Account Without Asking?
This is a question we often come across in our practice and the answer may surprise you: YES. HMRC can look into your bank account without your permission. Since 2021, HMRC has had in fact the power to contact your bank directly if they suspect something isn’t quite right with your taxes. They don’t need…
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Don’t Miss These Key Dates for 2024/25 Benefits Reporting
Managing employee benefits and expenses can feel like navigating a maze, especially when it comes to reporting to HMRC. If you’ve provided any taxable expenses or benefits in the 2024/25 tax year, it’s crucial to hit the right deadlines—both for HMRC filings and for keeping your team informed. Even if you’ve payrolled benefits through real-time…
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Company‑Car Crunch Time: What the 2025–30 Tax Changes Mean for You
Thinking about taking a new company car or hanging on to the one you’ve got? Here’s the low‑down on how the tax rules are about to creep up over the next few years—and why your electric run‑about might not stay the bargain it looks today. First, a quick refresher. If you can use your company…
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What’s changing with National Insurance from April 2025? A quick, no-jargon rundown
Starting 6 April 2025, employers begin paying NI on an employee’s wages once those earnings hit £96 a week (that’s £417 a month or £5,000 a year). Because the threshold is dropping, some part-timers who used to fly under the radar will now cost their bosses NI. To make life tougher, the employer rate itself…
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