Insights

Can an individual be both an employed member of staff and a self-employed person? And if so, will there be conflicts regarding tax returns, National Insurance, and pension contributions?

HMRC has recently sent official letters to more than 200,000 taxpayers, warning them that they will soon be affected by a major tax reform – Making Tax Digital for Income Tax (MTD).

In the latest Autumn Budget, a £2,000 annual cap was set on the National Insurance (NI) exemption for pension contributions made via salary sacrifice.

According to changes announced by the Labour Party in the Autumn Budget, starting from 2029, salary sacrifice pension contributions exceeding £2,000 will begin to attract National Insurance, completely changing the structure of this benefit system.

With the arrival of the Christmas season, many people may earn extra income through festive crafts, market stalls, or other seasonal side hustles. HMRC has launched a 'Help for Hustles' campaign to help individuals with side income clearly understand their tax responsibilities.

To help everyone enjoy the festive season with peace of mind, today we will quickly go through the key points regarding employee benefits during Christmas, allowing you to convey your festive greetings while avoiding unnecessary tax troubles.

Today, we have summarised the six major red flags that are most likely to trigger an HMRC tax investigation for both business owners and individual taxpayers.

Today, TBA has grown into a leading British financial and tax enterprise and a one-stop cross-border compliance service provider. Its business covers European and American company registration, accounting and taxation, global VAT, European EPR, and GPSR compliance.

In the UK, whether you are employed or run your own company, PAYE (Pay As You Earn) is crucial and relevant to everyone. If you employ staff, you must register as an employer and comply with the PAYE rules described below.

We have summarised several effective tax planning methods to help small and medium-sized enterprises legally and efficiently reduce their corporation tax burden and improve financial performance.

From the 2025 tax year, the Benefit-in-Kind regime will undergo several changes: higher tax rates for electric vehicles, reclassification of certain car models, and the upcoming introduction of the ‘payrolling’ system for real-time taxation of benefits.

If you plan to start a business or are already operating from commercial premises, business rates are a crucial tax to understand in addition to company registration, accounting and tax filing. Business rates are closely tied to your eligibility for Small Business Rate Relief (SBRR).

Under current UK law, life insurance payouts are not automatically exempt from Inheritance Tax. Whether they are taxed depends entirely on how the policyholder and beneficiaries are arranged. The key factor is whether the payout forms part of the deceased’s estate.

Whether transferring all your shares or disposing of part of the business assets, the key question you’ll face is: how much tax will you need to pay when selling a business in the UK. This does not only involve Capital Gains Tax (CGT) but also requires careful planning around available reliefs and the compliance of the transaction structure.

Recent UK tax compliance data has sounded the alarm once again: in the past three years, nearly half a million small and medium-sized enterprises (SMEs) repeatedly missed tax deadlines, with as many as 19% admitting they delayed tax payments more than five times in just the past 12 months. A combination of complex tax rules and cash flow pressures is dragging UK SMEs compliance levels down.

In recent years, immigration to the UK has reached record highs.  Home Office data shows that in 2023 net migration exceeded 740,000, the highest in history. From the Conservatives raising the salary threshold for work visas, to Labour proposing a ten-year route to permanent residency, tougher immigration policy has become a rare point of cross-party consensus.The Reform UK party went further: if it wins the next general election, it would abolish the right of work visa holde

The UK Chancellor, Rachel Reeves, has confirmed that the next Autumn Statement will be delivered on 26 November.  It is expected to include a series of potential tax adjustments and fiscal reforms. Given that inflation has remained high in recent months and the UK economy has shown weak data, many analysts believe Reeves may avoid raising taxes directly on ‘working people’, such as VAT, income tax, and National Insurance contributions.  Instead, the government may target bank

Do you know which supermarket is the cheapest in the UK?Aldi has once again been named the cheapest UK supermarket for a standard basket of groceries. However, according to the latest survey by consumer group Which?, Lidl briefly overtook Aldi last month, claiming the top spot as the UK’s cheapest supermarket for the first time since 2023. However, the lead didn’t last long. Aldi quickly reclaimed its position as the cheapest supermarket, pushing Lidl back into second place.

When living and working in the UK, most people associate October with two familiar events: the clocks going back for winter time and Halloween. But there is something far more important than ‘trick or treat’ for many – the critical deadline for self-assessment tax registration. Most employees in the UK pay tax automatically through the PAYE system.

Many UK business owners will already be aware of upcoming compliance changes. Companies House has confirmed that identity verification will soon be compulsory for company directors and persons with significant control (PSCs). This month, the agency officially announced the implementation date. From 18 November 2025, company directors and PSCs will be required to provide a personal code when filing registration documents.