Goodbye remittance basis hello FIG

by | Jul 10, 2025 | Income Tax | 0 comments

Since 6 April 2025, the remittance basis of taxation for non-UK domiciled individuals (non-doms) has been replaced by the Foreign Income and Gains (FIG) regime. This shift marks a significant change, as the new FIG regime is based on tax residence rather than...

Struggling to fund your July tax payment?

by | Jul 10, 2025 | Income Tax | 0 comments

The second 2024-25 payment on account for self-assessment taxpayers is due on 31 July 2025. If you are finding it difficult to meet this tax bill, there are options available to ease the burden. Taxpayers with liabilities of up to £30,000 can use the...

Do you have additional income streams?

by | Jul 3, 2025 | Income Tax | 0 comments

Side income over £1,000 may mean filing a tax return. HMRC is urging part-time earners to check their tax position for 2024–25, especially if they earn from casual work, renting, or crypto. If you are earning extra income it is important to be aware...

Tax returns for a deceased taxpayer

by | Jul 3, 2025 | Income Tax | 0 comments

You may need to submit tax returns for someone who has died. As the personal representative, you are legally responsible for reporting income earned before and after death. This person, known as the ‘personal representative’, is legally...

Who is liable to Income Tax at Scottish rates?

by | Jul 3, 2025 | Income Tax | 0 comments

Where you live determines if you pay Scottish Income Tax. The rules are not based on where you work, who pays you, or national identity, but on your main UK home during the tax year. The definition of a Scottish taxpayer is generally linked to the question...