£500 tax hit from threshold freeze
Families and middle-income earners are facing a growing real-terms tax burden as the Government’s freeze on income tax thresholds—now extended to 2031—continues to bite. Analysis by the Centre for Policy Studies shows that this so-called “fiscal drag” will cost many...Preparing for a Shock January Tax Demand: What the Self-Employed Must Know About Payments on Account
Nigel Holland BA (Hons) FCA “Millions of newly self-employed individuals are being caught off guard by the UK’s payments on account system, which can result in a January tax demand of up to 150 per cent of their previous year’s bill. Under self-assessment, taxpayers...
Venture Capital Trusts
Venture Capital Trusts “ Venture Capital Trusts can be a highly effective way to reduce income tax while generating tax-free dividend income. When used as part of a wider financial and tax planning strategy, they allow investors to support growing UK businesses and...
