Making Tax Digital for individuals – it’s coming…
Date posted: 27th Mar 2025
From April 2026, some individuals will be required to comply with Making Tax Digital (MTD). This will apply for those individuals who have a combined annual income from…
Date posted: 27th Mar 2025
From April 2026, some individuals will be required to comply with Making Tax Digital (MTD). This will apply for those individuals who have a combined annual income from…
Date posted: 27th Mar 2025
For almost five years now, HMRC have required individuals to report sales of UK residential property within 60 days of the sale. This applies for UK residents where…
Date posted: 19th Feb 2025
We have noted on certain occasions HMRC have not replied to our correspondence, instead replying to the taxpayer as if they had written the letter, we have sent…
Date posted: 17th Feb 2025
When starting a business, there are various decisions to make and tasks to perform.
One of the first questions to address is whether to run the business as a sole trader, whether to set up a partnership with others or whether to form a company.
Date posted: 17th Feb 2025
It is understood that HMRC are recruiting 5,000 more tax officials over the next five years to help reduce the “tax gap.
Date posted: 17th Feb 2025
The end of the tax year is approaching and there are planned changes to capital gains tax rates from 6 April 2025
Date posted: 17th Feb 2025
A lot of businesses will pay high performing employees a year-end bonus before the end of the tax year.
Date posted: 13th Feb 2025
We understand that an estimated 1.1 million taxpayers did not file their 2023/24 tax returns by the due date of 31 January 2025.
Date posted: 20th Jan 2025
As we have reported previously (https://www.cliveowen.com/2024/11/double-cab-pick-up-taxtreatment/) different tax rules will apply to double cab pick-ups from April 2025.
Date posted: 20th Jan 2025
As we have explained in previous updates, the opportunity to consider increasing your state pension entitlement by voluntarily contributing towards “gaps” in your national insurance record between April 2006 and April 2016 will end on 5 April 2025.
