The government has announced the reinstatement of Winter Fuel Payments for pensioners in England and Wales for winter 2025-26, reversing the previous year's cuts. Around nine million pensioners are expected to benefit from this decision, with payments of £200 per household or £300 for households where someone is aged 80 or over.Eligibility will be based…
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The value of tax planning for high net worth individuals
For high net worth individuals (HNWIs), tax planning is not simply a compliance activity, it is a strategic tool to preserve and grow wealth. With rising scrutiny from HMRC, frozen allowances, and increasingly complex legislation, the value of well-structured planning has never been higher.HNWIs typically have multiple sources of income: from employment, dividends, property, pensions,…
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Tax Diary July/August 2025
1 July 2025 - Due date for corporation tax due for the year ended 30 September 2024.6 July 2025 - Complete and submit forms P11D return of benefits and expenses and P11D(b) return of Class 1A NICs.19 July 2025 - Pay Class 1A NICs (by the 22 July 2025 if paid electronically).19 July 2025 -…
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What would a closure of the Strait of Hormuz mean for the UK
Tensions in the Middle East have always carried global implications, but few pressure points are more critical than the Strait of Hormuz. This narrow passage off the coast of Iran is the transit route for around one-fifth of the world's oil and a quarter of its liquefied natural gas (LNG). A closure, even temporary, would…
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