It is important to be able to distinguish between tax-deductible repairs and...
Understanding Tax Deductible Repairs and Renewals
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How to Avoid a Huge Tax Bill When Working Abroad
What is the difference between being tax-free and paying a HUGE tax bill when...
The Bank of England cuts base rate to 5%
As of last week, August 1st, 2024, The Bank of England (BoE) reduced the base...
Understanding Private Residence Relief (PPR)
Private Residence Relief can be a game-changer when it comes to payable...
HMRC Introduces VAT Estimator for Small Businesses
HMRC has released a Value Added Tax (VAT) Registration Estimator for small...
Claiming Your State Pension Abroad: A Quick Guide
Are you thinking of retiring abroad? Here's what you need to know about...
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Bank of England Keeps Base Rate at 5% for September 2024
The Bank of England holds the Base rate at 5% for September 2024 and announces a £100 billion reduction in bond holdings to address inflation. Learn more about the MPC’s strategy. The Bank of England's Monetary Policy Committee (MPC) has confirmed that the Base rate...
Protect Yourself from Number Spoofing and Bank Scams
Banks across the UK are becoming increasingly aware of clever new tactics fraudsters employ, with a significant rise in spoofing scams. One alarming trend involves scammers spoofing genuine phone numbers, such as the HINV number, to deceive bank customers and gain...
Maximise Pension Contributions Tax Relief in the UK
Understanding pension contributions tax relief is crucial for those wanting to maximise retirement savings while reducing tax liabilities. This guide outlines elements of tax relief on private pension contributions, including limits, eligibility, and how to claim...
SIA Licence Training Changes: What to Expect in 2025
As of 1 April 2025, door supervisors or security guards will see new requirements for renewing Security Industry Authority (SIA) licences. Here, we explain how these changes may affect you if you work in the industry. What Are the Key Changes? From April 2025, anyone...
Self-Assessment Tax Return (SATR): What You Need to Know
If you’re required to submit a self-assessment tax return for the 2023 to 2024 tax year, it's important to be prepared. HMRC requires registration by 5 October 2024, with your return due by 31 January 2025. Here’s what you need to know to stay compliant and avoid...