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How to pay a tax-efficient golden handshake

A director is retiring soon and the board want to pay him a lump sum to reward his service. Is there a more tax-efficient alternative to a golden handshake?

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Permanent increase to penalty interest rates

The new tax year saw a change to the way interest on late paid taxes is calculated. What's changed and what are the new charges?

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HMRC pauses some refund claims for agents

Due to security concerns, HMRC has warned that it will not process refund claims made by authorised agents. What's going on and what alternatives are available?

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New limit for reporting trading income

The government is planning a change that it says could save thousands of taxpayers from having to file a self-assessment tax return. What's the full story?

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Tax claims - how late is too late?

You've discovered that you overlooked a claim for tax relief in an earlier tax return. Is there still a way to make a claim?

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Extend your home's capital gains tax exemption

If you own more than one home, you're only entitled to the capital gains tax private residence relief for one of them. How do I maximise my claim for relief?

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Woodlands - your next business investment?

You've sold one of your businesses and are looking to invest the proceeds. A friend has suggested buying woodlands as a good opportunity.

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Hidden MTD news in Spring Statement documents

Thye Chancellor kept her pledge that there would be no more tax rises at the Spring Statement, but there are some important Making Tax Digital developments.

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HMRC MTD ITSA webinar - worth a look?

Making Tax Digital will be mandatory for some traders and landlords next year. Ahead of this, the government is ramping up its guidance to help you get ready.

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Relaxation of self-assessment threshold

HMRC has promised a change to the threshold at which self-employed taxpayers need to complete a tax return. What do we know so far?

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HMRC and Companies House to scrap free filing services

From April 2026 companies won't be able to file their tax returns and accounts using the HMRC and Companies House free-to-use service.

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Recycling your pension fund to finance your business

Use your pension savings to raise tax-efficient cash for your business.

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Government seeks views on inheritance tax changes for trusts

The government has opened a consultation on the application of the £1m allowance for property settled into trust qualifying for 100% property relief.

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AI being used in tax scams?

Tax scams are increasing in number and sophistication, possibly aided by AI. HMRC has updated its guidance on how to spot them. What's the full story?

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Have your say on e-invoicing

The government is seeking views on the standardisation of electronic invoicing. Why, and how can you join the consultation?

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Pension tax relief can now be claimed online

Higher and additional rate taxpayers can use a new online form to claim additional tax relief on pension contributions. Can you accelerate relief?

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Late payment interest rates changed again

Late payment interest rates on underpaid taxes will soon decrease again due to the recent reduction in the Bank of England's base rate.

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Directors' bonuses - keeping tax to a minimum

Your firm's current financial year ends soon. You're considering paying a bonus to the directors to reduce the company's corporation tax bill.

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No reduction to assessment due to lack of evidence

The tax tribunal has ruled that discovery assessments could not be reduced for working from home during lockdown and other expenses due to lack of evidence.

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Self-employed set for penalty reprieve

Missed the 31 January filing deadline last week? HMRC has announced that the penalty won't be enforced for the self-employed, but only in limited circumstances.

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