Individual Income Tax

Between the 1970s and 1980s, around 5,000 haemophiliacs and other blood disorder patients in the UK were infected with HIV or hepatitis viruses after receiving contaminated blood products from the NHS. Nearly 3,000 died as a result. Under current UK inheritance tax laws, only the first direct heir is exempt. Any subsequent inheritance of that scandal compensation is subject to up to 40% tax.

Recently, the Department for Work and Pensions (DWP) issued a new statement announcing that, due to a historic state pension error, over 130,000 individuals have received a total of approximately £800 million in backdated state pension payments.

Prime Minister says government 'will look at' scrapping two-child benefits limit; Labour plots ‘family bathtime tax’ on water bills; Reeves outlines plan for £25bn pension 'megafunds'.

On 18 March 2025, the UK welfare system reached a turning point. Liz Kendall, Secretary of State for Work and Pensions, firmly announced in Parliament a ‘surgical’ reform of the social security system, aiming to strip £5 billion annually from public welfare spending. The sweeping reforms targets 34 different benefits, from disability allowances to chronic illness support.

From April onwards, various UK tax changes, along with rising household bills, have created new challenges and opportunities in personal and business financial planning. Of particular concern for foreign nationals residing in the UK is the new policy which took effect on 6 HMRC first introduced the concept of Making Tax Digital (MTD) in 2015, with the aim of phasing out paper-based tax returns and shifting to digital submissions via approved software — ushering in a system

UK Rich List sees biggest drop in 37 years! 10% of Britons save no money! New 10-year permanent residency policy may affect current visas!

As we move further into the digital age, many industries are gradually abandoning paper-heavy administrative processes in favour of streamlined, digital solutions. HMRC first introduced the concept of Making Tax Digital (MTD) in 2015, with the aim of phasing out paper-based tax returns and shifting to digital submissions via approved software — ushering in a system of real-time tax.

Changes to Employee Benefits and Key New Regulations for Businesses and Individuals. Whether you're self-employed or run a limited company, the 2025/26 tax year brings several important changes—impacting Employer National Insurance Contributions (NICs), minimum wage rates, company size thresholds, and Capital Gains Tax (CGT), among others.

Did you know that although singles might save on Valentine’s Day gifts, they end up spending at least a few thousand pounds more than couples every year on their daily living expenses. And that’s far more than the cost of any Valentine’s gift!

If you have a full-time job but enjoy making some extra money through second-hand selling platforms, you need to be aware of changes to income tax rules!

Selling homemade food in the UK is subject to regulatory oversight, just like opening a restaurant. You must obtain the necessary certifications, fulfil your tax obligations, and may even be eligible for tax relief.

With the new financial year, a series of tax increases announced in last autumn’s budget came into effect. These changes impact not only income tax, corporation tax, and capital gains tax but also pension reforms, national insurance adjustments, and taxation on high earners and new UK residents’ global income.

On the 26th March 2025, the Chancellor Rachel Reeves delivered the highly anticipated Spring Budget statement.

We have previously shared a lot of information about property purchase, rental, and sale taxes in the UK, and we have received many enquiries from both UK-based and overseas landlords. Claiming Tax Relief for Property Repairs – How Does It Work?

Pension Annuities: The Right Way to Relax and Get Paid After Retirement

Rachel Reeves may have to raise UK taxes in October. HMRC announces three new tax rules with millions of UK households warned.

Labour plans to implement a 2% wealth tax to generate additional billions of pounds in revenue.

Farmers Protest New Inheritance Tax Policies.

Do You Need to Pay Tax on Savings Interest in the UK? Today, we’ll provide detailed information on taxation of bank interest earnings.

Data reveals that over half of UK residents are net welfare recipients.