Personal Articles

Car and Travel Expenses: Guide to Allowable Claims

Understanding allowable car and travel expenses If you are self-employed, you must understand which costs qualify for tax relief. Allowable expenses reduce taxable profits and lower your tax bill. Therefore, accurate claims remain important. HMRC expects claims to reflect genuine business use. Clear knowledge helps avoid errors and disputes.   What qualifies as allowable car and travel...

Autumn Budget 2025 – High Value Council Tax Surcharge

Introduction to the High Value Council Tax Surcharge Starting in 2028–29, the government will introduce a High Value Council Tax Surcharge (HVCTS) for residential properties in England valued at £2 million or more. This measure aims to generate additional revenue for public services while ensuring fairness in property taxation. Local authorities will collect the surcharge, but the funds will go...

Childcare grants

Understanding Childcare Grants Juggling higher education and parenting? Childcare Grants can ease the pressure by covering up to 85% of your childcare costs. If you're a full-time student with young children, this grant could make a real difference—and it doesn’t need to be repaid. Eligibility for Childcare Grants Childcare Grants provide financial support to help students cover the cost of...

Childcare grants

Understanding Childcare Grants Juggling higher education and parenting? Childcare Grants can ease the pressure by covering up to 85% of your...

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Tax to pay when you get a pension

You may have to pay Income Tax on your pension if your total annual taxable income exceeds your Personal Allowance....

Paying the 2025-26 Child Benefit tax charge

Taxpayers who need to pay the High Income Child Benefit Charge (HICBC) for 2025-26 may be able to pay it...

New tax return requirements for company directors

Company directors who complete a self-assessment tax return should be aware of new mandatory reporting requirements that came into effect...

Business confidence rises but is it time to invest?

UK business confidence is rising, but only 17% of businesses plan to increase investment in the next three months. Here,...

Late payments: Is your business at risk?

60% of UK SMEs say customers take longer to pay than a year ago, and the average amount owed is...

Corporation tax receipts pass £100 billion

HMRC’s latest statistics show that receipts from corporate taxes passed £100 billion for the first time in 2025-26. Here, we...

New customs system for Northern Ireland trade

From 20 October 2026, businesses moving goods between Great Britain and Northern Ireland must use the new TSS platform. Here,...

Reporting property gains

If you sell a UK residential property, you usually need to report and pay any Capital Gains Tax within 60...

Capital allowances restricted for project development costs

A recent Supreme Court decision means capital allowances will probably be restricted for some predevelopment costs. Here, we explain the...
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