A change to capital gains tax rates took effect part-way through tax year 2024/25, meaning that extra care is needed when reporting capital gains and losses on your tax return. We have updated our guidance on capital gains tax to include more detailed information on how to complete the capital ...
Payments on account are advance payments towards next year’s tax bill. If this is the first time you need to make payments on account, they can be surprising – and a little confusing! In this article, we explain more about how payments on account work, and what you can do if you are worried about ...
If you’ve received a tax calculation from HMRC which includes an interest income figure, it’s worth taking some time to check that figure is correct. If it isn’t, you may end up paying more tax than you owe.
2025 proved to be a successful year for LITRG with our foray into TikTok resulting in more than 350 videos and reaching an audience of over a million people. Here, we look back at some of our best-performing videos from the past year.
HMRC have issued a reminder that people who have overpaid tax through the Pay As You Earn (PAYE) system will need to claim their tax refunds, as HMRC no longer issue them automatically.
HMRC’s December employer bulletin contains an important warning about grocery salary sacrifice schemes.