Newsletter
5% VAT on Residential Conversions
Converting a property? You may only need to pay 5% VAT Building work on an existing property is normally charged at the standard VAT rate of 20%. But if the work converts a building into homes, or changes the number of homes in it, your builder may be able to charge...
Pensions and Inheritance Tax: What Changes in April 2027
Your house, your pension and your family From 6 April 2027, most unused pensions will count towards your estate for inheritance tax (IHT). If your plan relies on passing your pension on tax free, now is the time to review it. "My house is for my retirement; my pension...
Had a letter from HMRC? Here’s how to handle it with confidence
Don't panic, but don't ignore it An HMRC enquiry letter does not mean you have done something wrong. It is HMRC's way of checking that income and gains have been fully declared, the right reliefs claimed and the correct tax paid. That said, HMRC has formal powers to...
Understanding the Money Purchase Annual Allowance (MPAA)
Important changes to consider before accessing your pension savings Many individuals approaching retirement consider taking benefits from their pension schemes. However, accessing certain pension benefits can affect how much you can contribute to defined contribution...
Incorporating Your Property Portfolio: Is It Really a Business?
Recent changes to property taxation have increased the pressure on individual landlords. With further changes to property tax rates expected from April 2027, many landlords are reviewing whether holding rental properties personally or through a limited company remains...
Incorporating Your Property Portfolio: Is It Really a Business?
Recent changes to property taxation have increased the pressure on individual landlords. With further changes to property tax rates expected from April 2027, many landlords are reviewing whether holding rental properties personally or through a limited company remains...
Lifetime ISA vs Pension: Which Should Come First for Long-Term Savings?
When it comes to planning for the future, many younger savers are caught between competing priorities. Rising living costs, student debt and the challenge of buying a first home can make retirement savings feel like a distant concern. As a result, the Lifetime ISA...
Are You Losing Your Personal Allowance?
How Higher Earners Can Reduce Their Tax Bill and Potentially Get It Back For the 2026/27 tax year, most UK taxpayers are entitled to a Personal Allowance of £12,570. However, once your adjusted net income exceeds £100,000, your Personal Allowance starts to reduce....
What Documents and Information Are Needed to Set Up the Employee on Payroll?
The Right to Work check is only one part of the onboarding process. To operate PAYE correctly, the employer should also obtain sufficient information to identify the employee and establish the correct tax treatment. A standard new employee payroll information pack...
Right to Work Checks and New Employee Documents
What Employers Need to Collect Before Processing Payroll When a new employee joins a business, there are two important compliance processes that employers should complete before the first payroll is processed: Establish the employee's Right to Work in the UK; and...