HMRC Late Payment Interest Rates 2025: Shocking Changes from 6th April You Need to Know
HMRC Late Payment Interest Rates 2025: A Key Change Taxpayers Can’t Afford to Ignore From April 6, 2025, HMRC late payment interest rates will increase, marking a significant change that could impact millions of UK taxpayers and businesses. Announced as part of the government’s ongoing efforts to strengthen tax compliance and encourage timely payments, this […]
Companies House Name Rules 2025: Key Changes and How to Choose a Compliant Business Name
Table of Contents Introduction to Companies House Name Rules 2025 If you’re planning to register a business in the UK, understanding the latest Companies House name rules 2025 is essential. The new reforms aim to prevent fraudulent activities, reduce public offense, and ensure businesses have distinctive, legitimate names. This guide covers the key changes, why […]
New Approach to Claiming PAYE Expenses: What You Need to Know
In recent months, HMRC has introduced a significant shift in the process of claiming PAYE expenses, a move aimed at reducing the growing risk of ineligible claims. The changes, which came into effect on 14 October 2024, now require employees to provide supporting evidence for expense claims via the P87 form, marking a more stringent […]
UK Inheritance Tax: What You Need to Know
Inheritance Tax (IHT) is a tax on the estate (property, money, and possessions) of a person who has died. The tax is paid on the value of the estate above a certain threshold, which is currently £325,000. For married couples and civil partners, the threshold is doubled to £650,000. Inheritance tax is an important consideration […]
Empower Your Business: Top Tax Planning Tips for Small Business Owners in the UK
As a small business owner in the UK, it’s important to have a solid tax planning strategy in place to ensure that you are making the most of available tax relief options and minimizing your tax liability. In this blog post, we will outline some tax planning tips for small business owners in the UK. […]