Our Blog
All the latest tax and finance news
HMRC’s ‘free money’ letters may be mistaken for a scam
Around one million workers who missed out on some or all the tax relief due on their workplace pension contributions may be contacted by HMRC about payments averaging approximately £70, according to LCP, but the fear is many of these people will think it’s...
Companies House begins chasing directors and PSCs to verify ID
Companies House has begun contacting directors and any person with significant control (PSCs) of a company who have not verified their ID, and anyone receiving a notification needs to know what to do to complete these checks before they reach their deadline. You will...
Giving incorrect information to HMRC could become a crime
Making “reckless untrue statements or declarations” about direct taxes, such as income tax or capital gains tax, could become a crime if the Government pushes ahead with plans outlined in a recent consultation, which closed on August 16. The Government...
HMRC provides clarification on pensions and inheritance tax
Most unused pension funds and pension death benefits will be included in the value of your estate for inheritance tax (IHT) purposes for deaths on or after April 6, 2027, and HMRC has given more details about how the reforms will operate after this date. Pension...
Back to school means private school fees need to be paid
If you have children at private school, you will probably have already paid the first instalment of this year’s fees. But if you’re still saving for your children to go in the future, or you’re thinking about how you can maximise your savings for...
Every business must have a data protection complaints procedure
Organisations are now required to provide a clear way for customers and anyone they have data for to make data protection complaints, and an acknowledgement of the complaint being received must be sent within 30 days. These new legal requirements came into force on...
Businesses could now be criminally liable for a manager’s actions
New rules that came into force on June 29 this year have made it easier to find companies guilty of criminal offences. The changes mean that if any senior manager of a corporation or partnership commits any offence while acting under the actual or apparent scope of...
Businesses and individuals should make surplus cash work harder
Businesses and people with surplus cash should make sure they’re making the most of that money, as it can be working quietly in the background raising additional funds if it is deposited in the right accounts. Just 28% of small and medium enterprises (SMEs)...