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HMRC has been forced into an embarrassing climbdown on plans to close the Self-Assessment, VAT and PAYE helplines from early April until September this year. HMRC has now confirmed that these helpline changes have been abandoned following feedback from many concerned stakeholders, including MPs, accountants and members of the public. This means that the helplines…

If you read our post of last week, Property Tax Changes, you will be aware that the Chancellor recently confirmed – as part of his Spring Budget – that the present tax advantages that owners of Furnished Holiday Let (FHL) property enjoy will be abolished from April 2025. While a deadline in a year’s time…

Hopefully, this post will be of help to individuals that find themselves in debt and are struggling to keep up with repayments. It’s interesting to consider how easy it is to get into debt and how difficult to get out of debt. In times of rising prices and high interest rates the temptation to use…

The recent Spring Budget did little to make the life of those letting, buying or selling property any easier. For example: The reduction in the higher rate of CGT on affected property sales from 28% to 24%. The removal of multiple dwellings relief for Stamp Duty Land Tax purposes. These competing changes must make life…