Frozen tax thresholds are catching out pensioners – Here’s how to plan around them
A quiet but significant shift has taken place in how pensioners are taxed. In the 2021/22 tax year, only 494,000 pensioners paid income tax at 40 per cent or above.
Income Tax
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Lower-income self-employed workers more likely to miss the Self-Assessment deadline
Recent research from PensionBee has revealed that lower-paid self-employed workers are more likely to miss the Self-Assessment filing deadline than higher earners.
Are you keeping on top of the increased director’s loan tax charge?
The new 2026/27 tax year has finally arrived and it has brought an array of tax changes with it.
Sole traders and landlords offered cessation to compliance with Making Tax Digital for Income Tax
With the launch of Making Tax Digital for Income Tax just days away, HMRC has announced a new cessation option for sole traders and landlords who fall below the annual…
Sales data for £55 billion of side hustle sales shared with HMRC
A new dump of sales data from leading online trading platforms, such as eBay and Airbnb, has been shared with HMRC as it continues to ensure small traders remain tax…
The pressure is building on Making Tax Digital for Income Tax
You may have spotted it already. More adverts for accounting apps on television, more mentions of digital tax online and more noise around record keeping.