Tax and Financial Planning

• Taxpayer’s Appeal Against Late Filing Penalties Rejected

  • Posted12 May 2025

  Taxpayers should always ensure that they keep up to date with their tax affairs and obtain any assistance they need in meeting their obligations. This point was demonstrated in a...

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• Income Tax Rates and Allowances for 2025/26

  • Posted25 April 2025

  The Income Tax rates and allowances for the 2025/26 tax year are largely unchanged from the 2024/25 year. The Personal Allowance – the amount you can earn before you...

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• Court of Appeal Rules Taxpayer Was Not Resident in UK

  • Posted7 April 2025

  The Court of Appeal has reinstated an earlier ruling of the First-tier Tribunal (FTT) that a taxpayer was not resident in the UK for Income Tax purposes during the 2015/16...

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• FTT Upholds Information Notice But Varies It

  • Posted18 March 2025

  Under Schedule 36 of the Finance Act 2008, HM Revenue and Customs (HMRC) may require a taxpayer to provide information or documents that are reasonably required for the purpose of...

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• FCA Acts to Combat Misleading Financial Promotions

  • Posted4 March 2025

  Consumers should always be sure that they fully understand any financial product they intend to use and that they only deal with reputable providers. A recent report on steps taken...

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• HMRC Estimate 1.1 Million Taxpayers Missed Self-Assessment Deadline

  • Posted12 February 2025

  HM Revenue and Customs (HMRC) have announced that more than 11.5 million taxpayers filed self-assessment tax returns for the 2023/24 tax year by the deadline of 31 January 2025. ...

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