10 min read Since April 2024, the VAT registration threshold in the UK has gone up to £90,000, giving small businesses a little more breathing room before VAT rules kick in. While this is welcome news for many, it also brings up a common question: should you register for VAT now, or wait until you […]
30
Jul
Jul
10 min read HMRC is turning up the heat on tax relief claims, and Investors’ Relief is their latest focus. There’s a growing risk of scrutiny and penalties for investors who claimed this Capital Gains Tax (CGT) relief in their 2023/24 Self Assessment returns. Letters have already been sent out to taxpayers whose claims don’t […]
30
Jul
Jul
10 min read For many, a side hustle is a vital source of additional income, offering flexibility and helping to boost savings. Whether you’re a freelancer, an online seller, or involved with cryptoassets, the gig economy offers opportunities, but also brings crucial tax responsibilities. Now, HMRC is encouraging side hustlers to get their tax returns […]
27
Jun
Jun
10 min read The Autumn Budget brought significant changes to the landscape of company car taxation, requiring businesses to carefully reconsider their fleet strategies. With benefit-in-kind (BiK) rates now confirmed for the next five tax years, it’s crucial to understand the implications for different vehicle types and plan accordingly to avoid unexpected costs. This blog […]
27
Jun
Jun
10 min read Millions of UK workers are currently receiving letters from HMRC, a significant campaign focused on those with 13 specific tax codes. While these letters might trigger a moment of anxiety, they are a crucial step in ensuring tax accuracy and preventing potential financial headaches down the line. In this blog, we’ll delve […]
28
May
May
10 min read Making Tax Digital for Income Tax (MTD for IT) is a significant shift in how landlords in the UK will manage their tax obligations. It’s part of the government’s broader initiative to digitise the tax system, aiming to simplify tax management and reduce errors. While the changes might seem daunting, understanding the […]
Accounting, Business Challenges, Taxation
Spring Statement 2025: New rules that could impact your rental income
30
Apr
Apr
10 min read The Spring Statement confirmed billions in spending cuts, which could have a ripple effect on the economy, including the rental market. With landlords still adapting to tax changes from the 2024 Autumn Budget, these new measures may bring added financial pressures. For property investors, understanding how these cuts might impact rental demand, […]
30
Apr
Apr
10 min read This year, HMRC has been particularly active in sending out P800 letters, with many households receiving notifications of refunds ranging from a few pounds to several hundred. With the cost of living crisis continuing to impact households across the country, these refunds could provide a much-needed financial boost for many. In this […]
27
Mar
Mar
10 min read Alright, maybe not a pigeon, but getting a letter from HMRC can be unsettling, especially when it’s related to something as complex as Business Asset Disposal Relief and its lifetime limits. These “nudge letters” are popping up everywhere, and they’re basically HMRC’s way of nudging you to check your tax records. Here […]
27
Mar
Mar
10 min read The UK tax year-end, falling on April 5th, is a critical deadline for all taxpayers, and landlords are no exception. With the clock ticking, it’s imperative to get your financial affairs in order to avoid penalties and, more importantly, optimise your tax position. Failing to prepare can lead to missed tax relief […]
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Or, email us at info@wearegolding.com
Or, email us at info@wearegolding.com
