Individual Income Tax

With remote and hybrid working now a widespread trend, tax issues for homeworking employees are increasingly in focus. HMRC has recently clarified that anyone incorrectly claiming tax relief for working from home when they are not eligible could face a substantial repayment bill.

On 15 June 2025, the UK government officially launched a landmark reform in the real estate sector — the new Energy Performance Certificate (EPC) assessment standard, RdSAP 10, came into effect. As the most significant upgrade to the EPC system in over a decade, this policy shift will have profound implications for property transactions and the rental market, bringing new compliance requirements, investment considerations, and opportunities for landlords, investors, and in

According to HMRC’s latest annual report, a record 46,266 tax penalties were cancelled in the past year. These penalties were originally issued for late filing, but in many cases the taxpayers involved did not actually owe any tax. Automatic late filing penalties can be appealed In the UK, if you miss the filing deadline for Self Assessment or VAT returns, both individuals and businesses are automatically issued with a penalty notice.

Against the backdrop of high taxes and rising living costs in the UK, many people choose to build up their wealth through savings interest or investment products. What some may not realise, however, is that while savings capital itself is not taxed, the interest earned on savings is subject to taxation – this is known as the tax on savings interest. In recent years, the tax burden on British savers has grown heavier.

Britain’s pension system is under mounting pressure, with millions of retirees already struggling to make ends meet and younger generations at risk of even greater hardship in the future. Recent data from the International Longevity Centre (ILC) and the Pensions Policy Institute paints a stark picture of a nation facing a deepening retirement crisis.

HMRC has officially announced new rules – from 1 January 2026, tax reporting requirements for crypto assets will tighten significantly, and tax evasion will face severe penalties.

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.

In recent years, an increasing number of workers in the UK have chosen to take on part-time work to earn extra income – for example, delivering food in the evenings, selling handmade crafts online, freelancing, or helping friends with various tasks. Flexible side jobs have become an important way to cope with the rising cost of living and to pursue financial independence.

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.

UK investors buy gold coins in record numbers to mitigate against tax; UK retailers warn of more price hikes as tax costs bite; Biometrics to replace stamps at EU border from 12 October

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'.

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’

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.

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.

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.

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?

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.