Tax benefits of giving assets to charity

by | Jul 30, 2026 | HMRC notices

Most people are aware that cash donations to a charity can qualify for tax relief. However, it is less well known that gifts of land, property and qualifying shares can also provide valuable tax advantages. If you donate land, property or shares to a UK charity, or...

Claiming tax relief on business insurance

by | Jul 23, 2026 | HMRC notices

If you are self-employed, you may be able to claim tax relief on certain business insurance costs as an allowable expense. This means the cost can be deducted when calculating your taxable profits, reducing the amount of tax you may need to pay. The insurance must...

Advising HMRC of change in circumstances

by | Jul 23, 2026 | HMRC notices

If your personal details or circumstances change, you may need to tell HMRC as this could affect your tax position or entitlement to certain benefits. You should notify HMRC if you get married or form a civil partnership, or if you divorce, separate or stop living...

Self-Employed – Are your business records in order?

by | Jul 23, 2026 | HMRC notices

As a self-employed individual, whether a sole trader or partner, you must keep accurate records of your business income and expenses to back up your self-assessment tax return. You should also keep your personal income details up to date. Nominated partners will also...