Individual Savings Accounts (ISAs) remain one of the most tax-efficient ways to save and invest in the UK. Basic ISA Allowances for 2025/26 Types of ISAs
The government is reporting that it has blocked hundreds of thousands of companies with outstanding or potentially fraudulent Bounce Back Loans from dissolving before they would have to pay anything back. It is reported that they have clawed back millions of pounds from companies that took out Covid loans that they were not entitled to, […]
The UK government is rolling out Making Tax Digital (MTD) to modernise the tax system. By moving away from paper records and annual tax returns, HMRC aims to make tax reporting more accurate and efficient. Who Does It Apply To?From April 2026, MTD for Income Tax Self Assessment (ITSA) will apply to self-employed people and […]
Specific Self Employment Expenses: What You Can & Cannot Claim When you’re self-employed in the UK, HMRC allows you to deduct certain costs from your income before calculating your tax bill. These are known as allowable business expenses. Knowing what qualifies can significantly reduce your taxable profit — but getting it wrong can lead to […]