
HMRC lowers late payment interest following Bank of England rate cut
HMRC is cutting late payment interest to 7% following the Bank of England’s rate cut—but taxpayers still face double the interest rate on overdue tax bills…
Financial advice for owners and managers of small and medium sized business SMEs in the UK All your tax, borrowing and administration advice

HMRC is cutting late payment interest to 7% following the Bank of England’s rate cut—but taxpayers still face double the interest rate on overdue tax bills…

Ex-England captain Bryan Robson part-wins IR35 tax case vs HMRC over his Man Utd ambassador role, fuelling debate on off-payroll rules and the ‘IR35 Decade Club.’

Businesses using AI to file R&D tax claims risk HMRC rejection if there’s no human oversight, warn experts. Quality checks and adviser input remain crucial.

The new year is an excellent opportunity for businesses to review their finances and plan effectively for the months ahead.

HMRC is set to receive income details from online platforms like eBay and Vinted, but tax experts warn that mismatched reporting periods could catch UK sellers…

Taxpayers stand to save both money and headaches in 2025 by committing to better tax practices in the year ahead, according to leading audit, tax and…

Millions of people across the UK are at risk of penalties after HM Revenue & Customs (HMRC) revealed that 5.4 million taxpayers have yet to submit…

HMRC launches new disclosure service to tackle accidental R&D tax overclaims, with firms urged to come forward if they overstated relief.

Gary Lineker and HMRC settle IR35 dispute out of court

HMRC warns freelancers about Managed Service Companies (MSCs), complex tax setups that could lead to hefty tax bills. Learn how new guidance could impact independent workers…

Gary Lineker liquidates Goalhanger Films ahead of capital gains tax increases, strategically benefiting from current tax rates while focusing on the growth of Goalhanger Podcasts.

HMRC's review finds higher non-compliance in R&D tax credit claims involving specialist agents, costing £4.1bn. Crackdown impacts genuine businesses seeking innovation funding.

Loose Women’s Kaye Adams has won her decade-long battle with HMRC over a disputed £124,000 tax bill, with the tax authority deciding not to appeal. Read…

The UK tech sector faces growing concern over potential Capital Gains Tax rises in the upcoming Autumn Budget, with fintech leaders warning of an exodus.

Investors are pulling money from pension pots ahead of potential tax changes in Rachel Reeves's October budget, sparking concerns about pension tax relief cuts.