by admin | Aug 14, 2025 | Value Added Tax
HMRC requires businesses to maintain accurate VAT records to ensure correct tax payments. While all businesses must retain general records (such as invoices, bank statements, and receipts), a key requirement under the Making Tax Digital for VAT initiative is keeping...
by admin | Aug 14, 2025 | Inheritance Tax
Trustees must manage assets, follow tax rules, and register with HMRC where required. A trust is a legal arrangement in which a trustee, either an individual or a company, is entrusted with managing assets such as land, money, or shares on behalf of others. These...
by admin | Aug 14, 2025 | General
Banks will have to give 90 days’ notice before closing accounts, giving customers more time to respond. From April 2026, new government rules will strengthen protections for individuals and small businesses at risk of unfair bank account closures. Under the...
by admin | Aug 14, 2025 | General
SMI loans can help pay mortgage interest for those on benefits, but repayment is due when the home is sold. Support for Mortgage Interest (SMI) is a government-backed loan provided by the Department for Work and Pensions (DWP) designed to assist homeowners receiving...
by admin | Aug 14, 2025 | Income Tax
HMRC’s Time to Pay lets eligible taxpayers spread tax bills over time, avoiding immediate enforcement. If you owe tax to HMRC, you may be able to set up an online ‘Time to Pay’ payment plan depending on the type of tax debt and your...
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