Tax Insights

Weighing Up the Incentives and Disincentives of Your Tax Bill Just how much is the current tax landscape disincentivising you? The latest Economic and Fiscal Outlook from the Office for Budget Responsibility (OBR) recently shared some disconcerting insights that every...

Are you inadvertently leaving money on the table when you contribute to your pension? A recent "Supplementary forecast information release" from the Office for Budget Responsibility (OBR) regarding the future of National Insurance and salary sacrifice may sound like a...

The start of the new tax year on 6 April (which falls on Easter Monday this year) brings a series of significant adjustments to the UK’s fiscal landscape. From shifts in investment incentives to the way you report income, these changes may have a direct impact on your...

If you have recently received a new tax code, it is important to review it carefully. Many taxpayers assume their code is correct, but mistakes can and do happen—sometimes leading to significant overpayments of income tax. Millions in Overpaid Tax A recent Freedom of...

Many taxpayers who could be affected by upcoming changes to tax reporting are still unaware of what lies ahead. Communication challenges have historically made it difficult for taxpayers to stay informed, and with the introduction of Making Tax Digital (MTD), there is...

A Revised Fiscal Calendar The 2024 Budget Changes The 2024 Budget reshaped the Chancellor’s fiscal timetable. Key adjustments include: The Office for Budget Responsibility (OBR) will now publish only one full assessment per year, aligned with the Autumn Budget The...

The long-term consequences of governments repeatedly freezing the income tax personal allowance are starting to become more visible — and for many, the results may be unexpected. How We Got Here: Personal Allowance vs State Pension Looking Back to 2016 On 6 April...

Gilts Back in the Spotlight As the Autumn Budget approaches, government bonds are coming back into the spotlight. Why Are They Called Gilts? In what can seem like an effort to confuse, government bonds are often referred to as gilts. There are two good reasons for the...

A Costly Oversight in Stamp Duty Land Tax In early September, former Deputy Prime Minister and Housing Secretary Angela Rayner resigned after discovering she had underpaid £40,000 in Stamp Duty Land Tax (SDLT) on the purchase of her flat in Hove. Her situation serves...

Understanding HMRC's Simple Assessment From June 2025, HMRC will begin issuing "simple assessment" letters, a new form of communication that is expected to catch many recipients by surprise. These letters are part of HMRC's effort to streamline tax collection for...

Looking after your employees Feed employees with free or subsidised food in a staff canteen. Where the food is available to all employees, or all who work at a particular site, there is no taxable benefit for employees when they receive free or subsidised food. A...

Making the rules work for you Choose the most tax-advantageous structure for your new business. Tax changes, such as the recent increase to the rate of employer NICs, have made the decision on how to structure a new business quite difficult. Traditionally, a business...