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All of the latest tax and finance information

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...

Risk Management Made Simple: A Practical Guide for Small Businesses

Why Risk Management Matters More Than Ever The business environment for UK SMEs has changed dramatically. Higher inflation and interest rates, geopolitical tensions, cyber crime, supply-chain disruption, skills shortages and rapidly evolving technology have created a...

The Uncertain Tax Treatment regime could be expanded

Fears are growing that HMRC’s proposed extension of the Uncertain Tax Treatment (UTT) regime could mire individual taxpayers and trusts in more complexity in an increasingly demanding tax system. The UTT regime was introduced in 2022 and is designed to get very large...

Many businesses use AI, but are they using it well?

AI is helping to save businesses hours each week, but the question now is not whether they should use it, but whether they are using it safely and ethically? AI can be a genuinely useful tool for small businesses especially helping to draft first versions of emails,...