Have you ever wondered how some UK residents legally avoid paying tax on their foreign income? The answer often lies in something called non-domicile tax status. If you’ve recently moved to the UK or have income from abroad, understanding this unique tax designation could help you make informed financial decisions. But what exactly is non-dom […]
In the UK, 43% of Investors Are Under 30: Trends and Preferences Gen Z prefers cryptocurrencies, while Millennials are more interested in ethical investments He is aged between 20 and 30, is university-educated, has an average income and full-time employment. He checks investment information once a week, reading financial articles and expert opinions online. This […]
Are you concerned that a business is not paying its fair share of taxes? Tax evasion is a serious offence in the UK, costing the government billions in lost revenue and impacting public services like healthcare and education. Unlike tax avoidance, which involves using legal loopholes to reduce tax liability, tax evasion is a criminal […]
Are you wondering how much your car tax will be in 2025? With upcoming changes to Vehicle Excise Duty (VED), many UK drivers are curious about how these adjustments will affect their budgets. Whether you own an electric vehicle, a petrol car, or a high-emission diesel, understanding the new tax rules is crucial to avoid […]
Are you feeling the financial pinch of the UK’s 40% tax bracket? If your income falls within this range, you might wonder how to reduce your tax burden legally and effectively. The good news is that there are numerous strategies to help you lower your taxable income while staying fully compliant with HMRC regulations. From […]
Are you prepared to navigate HMRC’s latest penalty rules? From 2025, HM Revenue and Customs (HMRC) will be rolling out a stricter penalty regime for Self Assessment tax returns. A flat £100 fine will apply for every late submission, regardless of whether any tax is owed. This policy aims to encourage timely tax filings and […]
Have you ever considered what Making Tax Digital (MTD) for VAT means for your business? Introduced by HMRC, MTD aims to modernise the UK’s tax system by requiring businesses to adopt digital record-keeping and online VAT submissions. But why was this change implemented, and who needs to comply? Whether you’re a small business owner or […]
Are you aware of the growing threat of Self Assessment scams as the 2025 HMRC deadline approaches? Thousands of taxpayers fall victim to sophisticated fraud schemes that mimic official communications from HMRC each year. Between November 2023 and October 2024 alone, HMRC received over 144,000 scam referrals, a staggering 16.7% increase compared to the previous […]
Navigating VAT obligations is crucial for businesses in the UK, especially those new to the process or expanding their operations. Many business owners find themselves asking questions like “What exactly is VAT?” and “How does the VAT return process work?”. VAT returns are an essential part of the financial landscape for any VAT-registered business, and […]
The decision to list a coin on an exchange is a significant milestone for any cryptocurrency project. It offers increased visibility, liquidity, and the opportunity for broader adoption by traders and investors. However, while achieving a listing can be seen as a success, there are critical mistakes that projects often make post-listing, which can undermine […]