VAT – digital record keeping

by | Aug 14, 2025 | Value Added Tax | 0 comments

HMRC requires businesses to maintain accurate VAT records to ensure correct tax payments. While all businesses must retain general records (such as invoices, bank statements, and receipts), a key requirement under the Making Tax Digital for VAT initiative is keeping...

Trusts and Income Tax

by | Aug 14, 2025 | Inheritance Tax | 0 comments

Trustees must manage assets, follow tax rules, and register with HMRC where required. A trust is a legal arrangement in which a trustee, either an individual or a company, is entrusted with managing assets such as land, money, or shares on behalf of others. These...

Rules to protect effects of debanking

by | Aug 14, 2025 | General | 0 comments

Banks must now give 90 days’ notice before closing accounts, giving customers more time to respond. Since April 2026, new government rules strengthen protections for individuals and small businesses at risk of unfair bank account closures. Under the...

What is Support for Mortgage Interest?

by | Aug 14, 2025 | General | 0 comments

SMI loans can help pay mortgage interest for those on benefits, but repayment is due when the home is sold. Support for Mortgage Interest (SMI) is a government-backed loan provided by the Department for Work and Pensions (DWP) designed to assist homeowners receiving...