Tax Tips – News from HMRC – for Entrepreneurs & Individuals
Inheritance Tax was once perceived as a concern primarily for the very wealthy. That perception is no longer accurate. With frozen thresholds and sustained growth in property values, a far broader segment of society now finds itself within scope. Recent
Buy to let investors are once again firmly on HMRC’s radar. We are seeing a noticeable rise in enquiries focused on repairs and renewals claims, particularly where substantial amounts have been deducted from rental income. At the same time, important
Selling online or flipping goods might feel like a hobby or side hustle. But HMRC uses a set of tests to judge whether what you are doing counts as trading for tax purposes. This can have big consequences on how
For landlords who have undisclosed rental income, the Let Property Campaign offers a structured opportunity to come forward, declare unpaid tax, and settle what’s owed, without facing the highest penalties or criminal proceedings. Since the campaign began in April 2025,
What happens when your business trip racks up air miles, then you use them for a family holiday? Many UK businesses rely on corporate cards to manage expenses, and with them come loyalty rewards. But when personal benefit creeps into
Many married landlords are paying more tax than they need to, simply because they don’t understand how property ownership affects rental income. Contrary to common belief, owning a rental property solely in one spouse’s name doesn’t mean they must declare

This page is not intended to constitute tax advice. The information provided in these documents are based on our understanding of current tax law; however, we do not represent or warrant the accuracy of the information contained herein, and any information provided may be incomplete or condensed. Furthermore, the suggestions contained within this document are for discussion purposes only and should not be relied on. You should seek formal tax advice before proceeding with any of the suggestions contained in these documents.
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