HMRC has issued a strong warning to UK households as it prepares to impose £100 fines starting in January 2025 for anyone missing the Self Assessment tax return deadline. The clock is ticking, with just over a month remaining until…
The UK’s historic Royal Mail is entering a new chapter, as its parent company, International Distribution Services (IDS), has been acquired by Czech billionaire Daniel Křetínský’s EP Group for £3.6 billion. This landmark deal, which marks the first foreign ownership…
Safety concerns have led Boots to issue an urgent recall for its popular Radley Cosy Up Mug and Sock Set, a festive favourite among Christmas shoppers. The product has been found to pose a significant safety risk due to a…
As Christmas approaches, many households focus on festive preparations, but financial responsibilities like tax bills can’t be overlooked. For those managing self-assessments, the January 31, 2025, deadline may feel overwhelming if full payment isn’t possible. HMRC’s Time to Pay arrangement…
In April 2025, the UK government will implement significant changes to Vehicle Excise Duty (VED) rates, affecting car owners across the country. These adjustments, announced in the Autumn Budget, will result in higher first-year VED fees for petrol and diesel…
Fraud continues to be one of the most prevalent crimes in the UK, accounting for nearly 40% of reported crimes in England and Wales. In response to this pressing issue, the UK government has introduced the Failure to Prevent Fraud…
HM Revenue and Customs (HMRC) has recently provided necessary clarification on tax rules regarding savings and investments in the UK. This clarification addresses explicitly how much interest you can earn before being required to complete a self-assessment tax return. HMRC’s…
In recent years, online selling has become a popular way for people in the UK to declutter their homes, earn extra income, or even establish full-fledged businesses. However, with evolving regulations, many online sellers are unsure of their tax obligations.…
Running a small business or considering self-employment comes with many responsibilities, especially when it comes to understanding tax obligations. In light of Small Business Saturday, HM Revenue & Customs (HMRC) has launched new online tools and updated guidance to simplify…
In a groundbreaking development for the UK’s energy sector, Shell UK and Equinor UK Ltd have announced a joint venture that will combine their offshore oil and gas assets to form the UK North Sea’s largest independent oil and gas…