Isa savers could face unexpected and disastrous tax bills in 2022
Our tax system is far too complicated, but I’m afraid we are stuck with it until politicians genuinely grasp the nettle of simplification, and they seem to…
Brexit: Some UK businesses may ‘give up’ importing due to new rules, says former civil servant
A former senior civil servant in charge of Brexit planning has warned some British businesses may “give up importing” as a result of new rules implemented in…
Avoid falling into a tax trap when giving gifts this Christmas
Christmas is a time for giving presents to our family and friends. It is also a time to think of those worse off than ourselves and to…
Millions missing out on working from home tax relief – here’s how to claim
Millions of workers have failed to claim work from home tax breaks introduced during the pandemic, in spite of new guidance to avoid offices as omicron spreads. …
Families lose out on child benefit in stealth tax squeeze
The limit has not risen for almost a decade, despite inflation and wage growth. The level of the salary cap is so outdated that next year 120,000…
Eight reasons you should go self-employed and save a fortune in tax
5. Boost your pension when it’s most efficient As your own boss you decide how much to save in your tax-efficient pension. However, the temptation is to…
HMRC pays £2m to taxpayers snitching on neighbours and colleagues
HMRC has the power to recruit sources under the Investigative Powers Act and will pay out if information provided helps it to recover monies lost to avoidance…
Little-known inheritance tax hack that could save families £140k
Almost two million people said they planned to downsize last year after the stamp duty holiday removed one of the greatest barriers to moving, according to property…
How to know if you are paying 60pc, 70pc or even 100pc tax
A family with three children faces paying tax at an effective rate of around 65pc on earnings between £50,000 and £60,000 because of the effect of the…
I’ve exceeded the annual Isa limit, what should I do?
An unexpected bonus of having been through multiple national lockdowns is that it’s given many of us the chance to save. Expensive foreign holidays, meals out and…