The tax treatment of some crypto assets is set to change under draft legislation for Finance Bill 2026-27. The proposed
Could company distribution rules change?
The tax rules concerning what constitutes a distribution for tax purposes have remained largely unchanged since
HMRC penalties for failing to notify a tax liability
If you become liable to pay a tax or register for a tax that HMRC has not already been informed about, you must notify
Amending a mistake on your tax return
What happens if you discover a mistake on your tax return? The good news is that errors can usually be corrected, but it
Records you should keep after submitting your tax return
After submitting your self-assessment return it is important to keep your records used to prepare the return. HMRC may
Tax benefits of giving assets to charity
Most people are aware that cash donations to a charity can qualify for tax relief. However, it is less well known that
Claiming tax relief on professional training
Keeping your skills and knowledge up to date is important but the cost of professional training can add up. If you are
Advising HMRC of change in circumstances
If your personal details or circumstances change, you may need to tell HMRC as this could affect your tax position or
Claiming tax relief on business insurance
If you are self-employed, you may be able to claim tax relief on certain business insurance costs as an allowable
Self-Employed – Are your business records in order?
As a self-employed individual, whether a sole trader or partner, you must keep accurate records of your business income