How to get your personal finances in order before the end of the tax year April 1, 2025 As we enter the final week of the 2024-25 tax year, the good news is that investors still have time to maximise their tax-free allowances to protect their wealth from HMRC. The not-so-good news is that many savers and investors don’t seem to be aware of this, and the clock is now ticking.
HMRC v Snacks: Legal tax battles over the UK’s favourites March 28, 2025 There is one tax that has turned a biscuit into a legal battle and a marshmallow into a courtroom mystery, while causing confusion at businesses
Tax returns: HMRC fines set to jump as Treasury pushes for ‘easy wins’ March 26, 2025 Higher VAT and self-assessment fines are looming after the Treasury pushed against tax evaders in the Spring Statement
Spring Statement 2025: Reeves clamping down on tax evasion March 26, 2025 The Chancellor plans to raise over £1bn in additional gross tax revenue, as her Spring Statement singled out tax evaders
Rupert Grint: Harry Potter star’s fortune swells ahead of hefty tax bill March 26, 2025 The fortune of Harry Potter star Rupert Grint jumped to more than £30m in the year before being hit by a hefty tax bill, it has been revealed. The actor’s wealth has increased from £27.7m to £30.6m, according to new accounts filed with Companies House for the 12 months to 31 March, 2024. The total [...]
Eat marshmallows with your hands? HMRC wants you to pay more tax March 24, 2025 A case over the VAT liability of giant marshmallows "has taken a new bizarre twist" following questions on how people eat the chewy sweets
Former SAS: Who Dares Wins star Ant Middleton banned after failing to pay £1m tax bill March 24, 2025 Former SAS: Who Dares Wins chief instructor Ant Middleton has been banned from being a director of a company after his business failed to pay more than £1m in tax. The television personality was the director of Sway and Starting Limited along with his wife, Emilie Middleton. The business, which was described as offering media [...]
Inheritance tax receipts reach record high March 21, 2025 Inheritance tax receipts totalled £7.6bn in the last 11 months, a record high and surpassing last year’s full-year total of £7.5bn. Data from HMRC revealed today that the amount paid in tax was an 11.8 per cent increase from the same period last year. “It may only affect a small percentage of estates, but that [...]
Former Liverpool player loses £300,000 IR35 tax appeal March 18, 2025 Former Liverpool player and pundit Phil Thompson owes the tax agency nearly £300,000 after losing an appeal due to IR35
How to avoid the 60 per cent income tax trap March 10, 2025 As more taxpayers have part of their earnings taxed at an effective rate of 60 per cent, financial advisers are working to help clients avoid the so-called income ‘tax trap’. A freedom of information request submitted by Bowmore Financial Planning to HM Revenue & Customs revealed that in 2023-24, 634,000 taxpayers earning between £100,000 and [...]