Knowledge Hub

All of the latest tax and finance information

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...

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...