New interest hike means late tax payments now cost more
As of 6 April 2025, late tax payments are now subject to an 8.5 per cent interest rate, following an HMRC update that ties rates more closely to the Bank…
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New dividend rules to impact owner-managed businesses in April
New tax reporting obligations are on the way, and they will affect hundreds of thousands of directors across the UK.
Inheritance Tax reforms for non-doms – UK to switch to residence-based regime from April 2025
Non-domiciled individuals (non-doms) with international asset portfolios will soon be impacted by some major changes to their Inheritance Tax (IHT) obligations.
Capital Gains Tax crackdown – Are you prepared for HMRC’s growing scrutiny?
Over the past year, HM Revenue & Customs (HMRC) has been tightening the net around Capital Gains Tax (CGT), with compliance activity surging at an unprecedented rate.
Income Tax reporting threshold set to rise – what it means for side hustlers
In a move that simplifies tax compliance and eases the burden on thousands of taxpayers, the Government has announced that the Income Tax Self-Assessment (ITSA) reporting threshold will increase from…
Have you considered the tax implications of your Hong Kong business expansion?
By Rashmi Pandya, Macalvins’ COO Hong Kong – often called the Pearl of the Orient – has long been a gateway to the Asian market, attracting businesses from around the…