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.

On 26 November 2025, British Chancellor of the Exchequer Reeves announced the highly anticipated Autumn Budget. This Autumn Budget includes several tax measures aimed at businesses and individuals, covering areas such as venture capital, business rates, income tax thresholds, and high-value property taxes.

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.

Last time, we explored the advantages and disadvantages of receiving a salary versus dividends from your company.