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All of the latest tax and finance information

Chancellor gives £100 to help with energy bills

Chancellor John Healey is giving around 20m households in council tax bands A to D in England £100 to help with their energy bills. Scotland, Wales and Northern Ireland will receive funding, but they will decide for themselves how that should be spent. The Chancellor...

Rising Costs, Shrinking Profits: Is Your Business Charging Enough?

Introduction: The Cost of Doing Business Running an established business in the UK has become increasingly expensive. Wages, energy, insurance, materials, software subscriptions and other everyday costs continue to put pressure on businesses. At the same time,...

Reckless false statements to HMRC could become a criminal offence

Making “reckless untrue statements or declarations” about direct taxes, such as income tax or capital gains tax, could become a crime if the Government pushes ahead with plans outlined in a recent consultation, which closed on August 16. This remains a proposal,...

HMRC provides clarification on pensions and inheritance tax

Most unused pension funds and pension death benefits will be included in the value of your estate for inheritance tax (IHT) purposes for deaths on or after April 6, 2027, and HMRC has given more details about how the reforms will operate after this date. Inclusion in...

HMRC’s ‘free money’ letters may be mistaken for a scam

Around one million low earners may be contacted by HMRC about a payment relating to tax relief they missed out on through their workplace pension. LCP has warned that some recipients may mistake the correspondence for a scam. The amount payable will depend on...

Companies House identity checks: what directors and PSCs need to do

Companies House has begun contacting directors and any person with significant control (PSCs) of a company who have not verified their ID, and anyone receiving a notification needs to know what to do to complete these checks before they reach their deadline. You must...