Latest Taxation Headlines from Financial News https://www.financial-news.co.uk/tax/ Reliable, up-to-date source for financial news distribution and PR. Find the latest news on insurance, banking, property and mortgages and more. Wed, 05 Nov 2025 14:12:25 +0000 en-GB hourly 1 https://wordpress.org/?v=6.9 https://www.financial-news.co.uk/wp-content/uploads/2024/10/cropped-fav-32x32.png Latest Taxation Headlines from Financial News https://www.financial-news.co.uk/tax/ 32 32 UK SMEs Cut Costs and Hiring Ahead of Autumn Budget https://www.financial-news.co.uk/uk-smes-cut-costs-and-hiring-ahead-of-autumn-budget/ Wed, 05 Nov 2025 14:12:25 +0000 https://www.financial-news.co.uk/?p=169433 Small and medium-sized enterprises (SMEs) across the UK are tightening their belts ahead of the Autumn Budget, according to new research by Rathbones, one of the UK’s leading wealth and asset management firms. The survey of more than 1,000 SME founders, owners, and executives revealed that 40% have made or are considering strategic changes due [...]

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]]> 169433 Navigating the New eBay Tax Rules as an Online Seller https://www.financial-news.co.uk/navigating-the-new-ebay-tax-rules-as-an-online-seller/ Wed, 14 May 2025 13:26:10 +0000 https://www.financial-news.co.uk/?p=162348 From the casual seller making a little extra money by offloading unwanted items, to the dedicated side hustler turning a moderate profit and long-established businesses, there are people of all backgrounds taking advantage of online marketplaces – from eBay and Etsy to Depop and Vinted. In fact, it’s one of the many drivers of small [...]

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]]> 162348 1 in 5 High-Income UK Taxpayers Unaware They Must Comply by 2026 https://www.financial-news.co.uk/uk-taxpayers-still-unclear-on-mtd-compliance/ Mon, 14 Apr 2025 11:38:03 +0000 https://www.financial-news.co.uk/?p=161632 New research reveals a significant disconnect between awareness and understanding of HMRC’s Making Tax Digital (MTD) for income tax. While 91% of UK self assessment taxpayers are aware of MTD, 21% of those earning over £50,000 in untaxed income wrongly believe the rules won’t apply to them—despite being legally required to comply. MTD for income [...]

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]]> 161632 Employers to Pay More in National Insurance from 2025/26 – New Tool Simplifies Cost Planning https://www.financial-news.co.uk/employers-to-pay-more-in-national-insurance-from-2025-26-new-tool-simplifies-cost-planning/ Tue, 01 Apr 2025 17:31:10 +0000 https://www.financial-news.co.uk/?p=161277 UK businesses will see increased National Insurance (NI) contributions as new tax changes take effect on April 6, 2025. The employer NI rate is set to rise from 13.8% to 15%, and the secondary threshold will be lowered from £9,100 to £5,000. These changes will result in higher payroll expenses for businesses with employees earning [...]

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]]> 161277 Stamp Duty Costs to Rise for 83% of Homeowners in England and Northern Ireland https://www.financial-news.co.uk/stamp-duty-costs-to-rise/ Wed, 19 Feb 2025 07:43:35 +0000 https://www.financial-news.co.uk/?p=160191 The majority of home buyers in England and Northern Ireland will face higher stamp duty costs from April, as the (SDLT) relief introduced in the 2022 mini-budget ends. According to new analysis from Zoopla, one of the UK’s leading property websites, the changes will result in an additional £1.1 billion in annual revenue for the [...]

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]]> 160191 How to fix QuickBooks Error 6123, 0? https://www.financial-news.co.uk/how-to-fix-quickbooks-error-6123-0/ Wed, 11 Dec 2024 08:12:28 +0000 https://www.financial-news.co.uk/?p=158380 Many QuickBooks users have reported encountering QB error 6123,0  while working on the QuickBooks application. The error often arises while opening, restoring, or modifying the QuickBooks company file. Sometimes, this error is also seen when upgrading QuickBooks from a lower edition to a higher edition. It can occur due to various internal and external errors. [...]

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]]> 158380 ISA System Reform Under Treasury Examination https://www.financial-news.co.uk/isa-system-reform-under-treasury-examination/ Wed, 20 Nov 2024 14:55:19 +0000 https://www.financial-news.co.uk/?p=157410 The UK Treasury is re-evaluating the Individual Savings Account (ISA) system, amidst broader savings policy reviews. Recent financial addresses by Chancellor Rachel Reeves did not mention ISAs, sparking interest in potential reforms. Labour’s campaign included promises to increase retail market participation, influencing the current review. The Great British ISA, introduced by a former chancellor, has [...]

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]]> 157410 The Penny Group Expands with Strategic Acquisition https://www.financial-news.co.uk/the-penny-group-expands-with-strategic-acquisition/ Wed, 20 Nov 2024 14:18:40 +0000 https://www.financial-news.co.uk/?p=157345 The acquisition of Whiting Financial Limited marks a significant milestone for The Penny Group as they augment their assets by an impressive £90 million. Whiting Financial Limited, a Surrey-based firm founded in 1987, becomes part of The Penny Group’s expanding portfolio. With over 25 years of providing financial advice, Whiting Financial embarks on a new [...]

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]]> 157345 Industry Split on Adopting a Four-Day Work Week https://www.financial-news.co.uk/industry-split-on-adopting-a-four-day-work-week/ Wed, 20 Nov 2024 11:22:51 +0000 https://www.financial-news.co.uk/?p=157261 Amid growing debates on work-life balance, a significant portion of the industry remains opposed to the idea of a four-day work week. A poll from Professional Adviser reveals that 50% of respondents are against reducing the working week, with client expectations cited as a major concern. Conversely, 35% support the change, seeing potential benefits in [...]

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]]> 157261 AI Hesitation Stymies Robo-Adviser Popularity https://www.financial-news.co.uk/ai-hesitation-stymies-robo-adviser-popularity/ Wed, 20 Nov 2024 11:22:47 +0000 https://www.financial-news.co.uk/?p=157258 While artificial intelligence continues to advance, trust issues hinder its widespread adoption in financial advising. A recent study by Avaloq indicated that a mere 6% of affluent clients utilise robo-advisers. Only one quarter of UK wealth managers believe their clients are open to trusting AI with investments. The study shows a preference for a hybrid [...]

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