Knowledge Hub

All of the latest tax and finance information

Back to school means private school fees need to be paid

If you have children at private school, you will probably have already paid the first instalment of this year’s fees. But if you’re still saving for your children to go in the future, or you’re thinking about how you can maximise your savings for future years, there…

How to Build a More Resilient Business: 5 Areas Every Small Business Should Review

Growing sales, winning new customers and increasing profits are all signs of progress. But does growth automatically mean your business is getting stronger? Not necessarily. A business can be growing quickly and still be vulnerable. It might depend too heavily on one…

Deadline nearing for those claiming roll-over relief in 2022/23

Business owners who need to claim roll-over relief for the 2022/23 tax year are being reminded by HMRC that if they made a provisional claim for business asset roll-over relief in their self-assessment for that year and haven’t yet replaced it with a final claim, they…

HMRC proposing changes to how capital is released from companies

HMRC is undertaking yet another consultation, this time looking at how distributions and repayments of capital made by companies to their shareholders should be taxed. The proposals are primarily aimed at controlling shareholders and owner-managers of family and other…

Tax debt continues to rise amid fears about HMRC powers

Overdue tax owed to HMRC had reached £44.7bn at the end of March, according to the latest official figures released in July, up from £44bn at the same time last year. This included new debt of £103,592m for the full year to the end of March, which is up on the…

Long-awaited pension dashboard expected next year

Pension dashboards, which are designed to make it easier for people to decide where their pension is best placed, are expected to be released next year along with Value for Money ratings that will allow savers to compare workplace pension schemes. The aim is to allow…