What is fiscal drag?
The freezing of tax thresholds often leads to a phenomenon known as fiscal drag. When...
Higher rate relief pension contributions
You can typically claim tax relief on private pension contributions up to 100% of your...
Current rates for Capital Gains Tax (CGT)
CGT is generally charged at a flat rate of 20% on most chargeable gains for...
Gifts and Inheritance Tax
Most gifts made during a person’s lifetime are not subject to tax at the time...
Business cashflow
The government offers the following information regarding business cashflow.
If you do not have enough money...
What is fuel duty?
The Office for Budget Responsibility (OBR) has offered the following explanation:
“Fuel duties are levied on...
Is there a partnership in place?
A partnership is a reasonably straightforward way for two or more legal persons to establish...
Not so Trivial Tax Benefits
There is a trivial benefit-in-kind (BiK) exemption for small, non-cash employee benefits. This exemption applies...
Two October self-assessment deadlines
The deadline for submitting paper self-assessment tax returns for the 2023-24 tax year is 31...
Pension Credit action week
Pension Credits can provide extra income to those over State Pension age and on a...
Fraudsters impersonating Insolvency Service staff
The Insolvency Service is a government agency that provides services to those affected by financial...
Don’t miss out on Home Responsibilities Protection
HMRC together with the Department for Work and Pensions (DWP) have issued a press release...












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