Autumn Budget 2026: What Might Change, and Should You Act Now?
Angelina Curylo Angelina Curylo

Autumn Budget 2026: What Might Change, and Should You Act Now?

Ahead of the Autumn Budget on 28 October, we look at the changes most widely tipped: capital gains tax, property, inheritance tax, pensions and savings. We also give our view on whether it's worth acting before Budget day, or better to wait.

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Home, Office or Somewhere Else? Understanding the Tax Rules on Employee Travel
Ellie Sheidan Ellie Sheidan

Home, Office or Somewhere Else? Understanding the Tax Rules on Employee Travel

For many employees, travelling for work is simply part of the job. But from a tax perspective, where you are travelling to and from can make a significant difference.

A recent First-tier Tribunal case, Kwai [2026] TC 09952, has highlighted an important point for employees who work across a number of locations: you do not necessarily need to have one fixed office for an area to be treated as your permanent workplace.

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10 Tax Reliefs and Allowances Sole Traders Often Overlook
Ellie Sheidan Ellie Sheidan

10 Tax Reliefs and Allowances Sole Traders Often Overlook

As a sole trader, there are a number of legitimate tax reliefs, allowances and deductions that can reduce your overall tax liability. Some are well known, such as claiming business expenses, while others are much easier to overlook. From working from home and business mileage to pension contributions and loss relief, here are 10 areas worth considering when reviewing your tax position.

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Six Things UK Landlords Should Be Doing Before April 2027
Angelina Curylo Angelina Curylo

Six Things UK Landlords Should Be Doing Before April 2027

Property has been the most heavily legislated corner of the UK tax system for a decade, and the next change is already law. From April 2027, rental profits move onto their own rates of 22%, 42% and 47%. Here's what's coming, and six things worth doing before it lands.

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Goods taken from stock for own use: cost, or market value?
Angelina Curylo Angelina Curylo

Goods taken from stock for own use: cost, or market value?

If you run a shop, salon, pub or farm, you almost certainly take stock for your own use. HMRC treats that as a tax event, and the rules changed in your favour from April 2024. Many businesses are still calculating the figure the old way and paying more tax than they need to.

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Statutory Residence Test: Are You UK Tax Resident?
Ellie Sheidan Ellie Sheidan

Statutory Residence Test: Are You UK Tax Resident?

Are you UK tax resident?

Your UK tax residence position can have a significant impact on how much tax you pay in the UK, particularly if you have overseas income, investments, property or other assets.

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Common Self Assessment Penalties (and How to Avoid Them)
Ellie Sheidan Ellie Sheidan

Common Self Assessment Penalties (and How to Avoid Them)

Every year, thousands of taxpayers across the UK are caught out by HMRC penalties that could easily have been avoided. Whether you're a sole trader, landlord, or company director, understanding how Self Assessment penalties work, and where the common traps lie, can save you real money.

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Difference Between Trading and Selling Personal Items: When Does HMRC Consider You to Be ‘Trading’?
Angelina Curylo Angelina Curylo

Difference Between Trading and Selling Personal Items: When Does HMRC Consider You to Be ‘Trading’?

With the growth of online selling platforms, many individuals are unsure when selling personal belongings becomes taxable trading activity. This article explains the key differences between disposing of personal items and carrying on a trade, how HMRC determines trading status, and the impact of the £1,000 trading allowance. It provides clear guidance to help individuals understand their tax position and avoid unintended compliance issues.

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VAT Margin Scheme & Global Accounting Scheme (Margin Scheme)
Angelina Curylo Angelina Curylo

VAT Margin Scheme & Global Accounting Scheme (Margin Scheme)

A clear and practical guide to the VAT Margin Scheme and Global Accounting Scheme. This article explains how VAT is calculated on profit margins rather than full selling prices, who can benefit, and the key compliance requirements HMRC expects. Ideal for businesses dealing in second-hand goods, antiques, or high-volume resale stock seeking to improve cash flow and ensure VAT compliance.

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Normal Expenditure Out of Income: A Powerful IHT Exemption
Ellie Sheidan Ellie Sheidan

Normal Expenditure Out of Income: A Powerful IHT Exemption

When people think about reducing their Inheritance Tax (IHT) liability, they often focus on the £3,000 annual gift exemption or the seven-year rule. However, one of the most generous and frequently overlooked reliefs is the Normal Expenditure Out of Income exemption.

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Overseas Workday Relief (OWR) – A Guide for New UK Residents
Ellie Sheidan Ellie Sheidan

Overseas Workday Relief (OWR) – A Guide for New UK Residents

For qualifying employees, OWR can reduce UK income tax by excluding earnings that relate to employment duties performed outside the UK. This can be particularly valuable for senior executives, internationally mobile professionals, and employees who continue to travel extensively for work after becoming UK tax residents.

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