

Annual Tax on Enveloped Dwellings: 2025 Updates
On 1 April 2013, the Annual Tax on Enveloped Dwellings (ATED) was implemented wherein Non-Natural Persons (NNPs) who have more than £500,000 worth of interest
On 1 April 2013, the Annual Tax on Enveloped Dwellings (ATED) was implemented wherein Non-Natural Persons (NNPs) who have more than £500,000 worth of interest
Chancellor Rachel Reeves delivered her first Budget on 30 October 2024 aimed at “national renewal.” The Budget offers some relief to low-income workers, whilst businesses
On 29 July 2024, the UK government announced a draft legislation on removing private school’s VAT exemption status, alongside business rates, effective in January 2025.
The Labour Party officially won in Parliament on the last 4 July 2024 general election. It was a majority win, ending the Conservative Party’s 14-year
The identity verification requirement placed on new and existing directors and people with significant control (PSCs) was introduced under the Economic Crime and Corporate Transparency
Since 3 June 2024, HMRC launched another one-to-many (OTM) letter campaign, this time specifically aimed at businesses suspected of using till systems to hide or
HMRC is updating late payment penalty rules to prevent tax avoidance. Currently, HMRC can assess a second penalty when the full amount of outstanding tax
The government recently launched a new digital service called Check Your State Pension forecast, a joint service between the Department for Work and Pensions (DWP)
The non-dom tax status regime is set to be abolished by 6 April 2025, surprising many wealthy non-domiciled people with the speedy implementation. More commonly
On 22 April, HMRC will initiate the pilot phase of Making Tax Digital (MTD) for income tax self-assessment. Craig Ogilvie, Director of MTD, has reached
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The quickest way from A to B is usually a conversation. So, if you want to find out more about how Legend Financial can boost your business, get in touch. We’ll give straight answers so you can make a confident decision, fast.
More than fifty per cent of self-employed individuals register as sole traders in the UK, and the number keeps increasing. But does a sole
Having a hard time managing finances for your online business? This article serves as a guide to simplify the ecommerce bookkeeping process, highlighting its
At the heart of every business’ financial stability lies one crucial element, i.e “cash flow”. It is the lifeblood of any successful enterprise that
On 1 April 2013, the Annual Tax on Enveloped Dwellings (ATED) was implemented wherein Non-Natural Persons (NNPs) who have more than £500,000 worth of interest
HMRC’s tax investigations can be expensive, complex, and time-consuming. Even individuals and businesses with a good accounting team feel like they are caught off-guard
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The quickest way from A to B is usually a conversation. So, if you want to find out more about how Legend Financial can boost your business, get in touch. We’ll give straight answers so you can make a confident decision, fast.
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