HMRC announced last week an increase in total taxes collected of £5.6 Billion for the period of April to July 2024 as compared with the corresponding 2023 period HMRC tax receipts and National Insurance contributions for the UK (monthly bulletin) – GOV.UK...
IR35 legislation can be a complex area for both contractors and businesses. It’s designed to ensure that individuals working like employees pay the same tax as employees, but determining whether you fall under IR35 rules can be challenging. What is IR35? IR35, or...
As a specialist in property taxation at Rogers Spencer, I regularly encounter landlords who are unaware of the recent changes surrounding capital gains tax (CGT) reporting for residential property sales. This can lead to them inadvertently missing deadlines and...
HMRC’s Basis period reform is coming soon and will change the timing of tax payments for some self-employed businesses. If you are a sole trader or a partnership and your accounting year end date is neither 31st March nor 5th April, you will need to be aware of...
When setting up in business, you will need to decide whether to register as a sole trader or a limited company. This can make a big difference to the structure of your business as it can affect the protection that you have personally, the tax you pay and the control...
