Accounting

Protests have recently broken out outside migrant hotels across the UK, with public anger over illegal immigration continuing to escalate. In addition to safety concerns and the controversy over hotel costs, the UK faces a worsening housing crisis, which has become a major source of frustration for citizens and legal immigrants alike.

Following significant progress made by the G7 nations on the global minimum tax and the crackdown on multinational tax avoidance, the United States has agreed to remove Section 899 – a retaliatory tax clause against foreign companies – from the Big Beautiful Bill. This move spares UK-based businesses from what could have been an enormous additional tax burden.

According to the latest data from the British Retail Consortium (BRC), annual food inflation in June rose to 3.7%, up from 2.8% in May – the largest monthly increase in nearly a year. The price hike breakdown: ‘climate tax’ and ‘policy tax’ on the dinner table.

Under Rent a Room Scheme, if you live in a UK property and rent out a furnished room in your main home, you could effectively boost your tax-free income to £20,070 per year.

One of this summer’s most talked-about limited editions in the UK has undoubtedly been the strawberry and cream sandwich from Marks & Spencer (M&S). However, this viral hit has unexpectedly triggered a VAT (Value Added Tax) controversy, which could prompt an investigation by HMRC – and may even mean that some consumers have overpaid tax. Why are so many choosing to dip into their pension pots early rather than waiting until full retirement age?

The new regulations impose high-frequency, high-dimensional reporting obligations on platforms. They also introduce automatic identity and transaction data matching for sellers—signalling the end of the grey-area practices involving offshore platforms, offshore income, and missing declarations. Given the situation, many have wondered – does Hong Kong still offer a low-tax advantage for businesses?

The UK Chancellor is considering ending the pension 'triple lock' system and introducing charges for NHS treatments; over 24 local councils are pushing for a four-day workweek, with South Cambridgeshire District leading the way by making it permanent; UK MPs jointly call for the introduction of a 'wealth tax'.

New data released through a Freedom of Information request shows that over five years, the number of savers opting to access their pension flexibly ahead of retirement has increased by 18%. Why are so many choosing to dip into their pension pots early rather than waiting until full retirement age?

A new survey reveals that even amid changes to stamp duty relief and an uncertain housing market, a third of Britons still want to own their own rental property and earn income as landlords.But given the latest tax changes, is property investment really still the easy route to passive income it once seemed to be? Why are so many choosing to dip into their pension pots early rather than waiting until full retirement age?

Rachel Reeves has announced the ‘biggest financial regulation reforms in a decade; 16 and 17-year-olds will be able to vote in next general election; UK unemployment rises and wage growth slows as jobs market ‘weakens’

Moving To Europe to Receive Your UK Pension Tax-Free? In recent years, a growing number of British pensioners have opted to retire abroad—especially in EU countries. According to the latest analysis, tens of thousands of UK retirees living in Europe are enjoying what some are calling a ‘hidden perk’: receiving as much as £35,000 a year in State Pension income, with little to no UK tax liability.

In this article, we’ve compiled eight key personal tax reliefs and allowances still available, along with how to apply for them. These will help you manage your tax planning more effectively and protect your wealth. Save or bookmark this guide for future reference.

UK's pension triple lock to cost three times more; Donald Trump announces 30% tariff on imports from EU; HMRC confirms new income tax change starts next April

In this guide, we’ll walk you through the structure of CGT, how it’s calculated, and practical strategies for managing it. Whether you're an investor or a homeowner, understanding your tax responsibilities is key.

HMRC's urgent warning to seven million UK households over tax rates; U-turn in UK Welfare Reform: Planned Fiscal Savings May Evaporate; The EU is considering imposing high tariffs on Chinese electric vehicles.

In just the past month alone, HMRC collected nearly £800 million in inheritance tax (IHT), marking the second-highest monthly figure ever recorded. As a result, many families not previously considered wealthy are now being swept into the scope of IHT.

For most entrepreneurs, your business will likely fall under the category of a Small and Medium-sized Enterprise (SME). Let’s explore what qualifies as an SME, why SMEs are so important to the British economy, and what practical steps you can take if you’re planning to launch your own business.

HMRC to reduce taxpayer letters in £50m cost-cutting plan; UK considers taxing pensioners to claw back winter fuel payment; Energy bills could be cut by up to 25% for thousands of UK businesses.

According to major media reports, the so-called ‘Bank of Mum and Dad’ is playing a major role in the UK housing market, helping young people buy homes earlier and at higher prices — particularly first-time buyers. In other words, for many people under 30 in the UK, homeownership is simply not realistic without financial help from parents.

Some people are buying to live in their homes, others for investment. Overall, while there’s been short-term fluctuation, the UK property market remains on an upward trajectory. Why is the UK property market still booming?