Tax Tips and News
The Chancellor dismisses wealth tax as 'mistake'
Newsletter issue – November 2025 With the Autumn Budget merely weeks away, Rachel Reeves said it would be a "mistake" to impose wealth taxes she described as "unproven", even as she hinted that further tax rises could still be on the way. She argues that existing measures like inheritance tax reforms and abolition of the…Read More
How the Chancellor could raise money without taxing the rich
Newsletter issue – November 2025 With the Government promising not to raise income tax, National Insurance or VAT, what options are left for them to try and fill the gap in public finances? They say that those with the broadest shoulders should bear the brunt of the tax burden, but the Chancellor says she has…Read More
Tax evasion crackdown on dodgy employers
Newsletter issue – November 2025 The crackdown targets fraudulent use of "umbrella companies" - sometimes legitimate but often used by rogue operators who fail to pay employment taxes while acting as the worker's nominal employer. From April 2026 new laws make recruitment agencies legally responsible for ensuring correct employment taxes are paid for temporary workers;…Read More
HMRC warns home workers about rogue tax advisors
Newsletter issue – November 2025 HMRC has issued a warning to people working from home about tax refund scams. Some companies and online ads offer to submit work-from-home tax claims on behalf of employees, taking commission from refunds and risking fraudulent claims. HMRC advises that you always check eligibility before claiming, submit claims directly through…Read More
November Questions and Answers
Newsletter issue – November 2025 Q: I am widowed, and my £550,000 estate (includes my home) will be left to my children in a family trust deed. It was executed in 2017. Will they pay tax? A: These types of trust were sold as a way to keep a home safe from inheritance tax or…Read More
November Key Dates
Newsletter issue – November 2025 1st Corporation Tax payments are due for companies with a year-end of 31st January. 19th For employers operating PAYE, this is the deadline to send an Employer Payment Summary (EPS) to claim any reduction on what you'll owe HMRC. It is also the deadline for employers operating PAYE to pay…Read More
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