If your personal details or circumstances change, you may need to tell HMRC as this could affect your tax position or entitlement…

If you are self-employed, you may be able to claim tax relief on certain business insurance costs as an allowable expense. This…

Members of a Limited Liability Partnership (LLP) are normally treated as self-employed for tax purposes. However, special rules can apply where a…

When renting out property, landlords may have both Income Tax and National Insurance considerations to consider. However, rental income is generally taxable….

The meaning of trade for tax purposes, often referred to as HMRC’s “badges of trade” test helps determine whether an activity is…

When a couple separates or divorces, most attention focuses on the emotional and practical aspects. However, it is important to consider the…

The new rules will allow companies to raise more capital under the following schemes although investors will need to factor in reduced…

While there are many state benefits available, it is not always clear which of these are taxable and which are tax-free. HMRC’s…

If your business imports goods into the UK, it is important to be familiar with the Customs Declaration Service and to ensure…

The remittance basis of taxation for non-UK domiciled individuals (non-doms) was replaced with the new Foreign Income and Gains (FIG) regime from…