Tax & Other Financial

The House of Commons Library has issued a report inflation over the past 6 years. It can be seen here, and states: The cost of living has been rising since early 2021, but in December 2021 inflation reached its highest recorded level in decades, affecting the ability...

The Department for Work and Pensions (DWP) is expected to significantly reduce the timescale for repayment of arrears for tenants on Universal Credit (UC), DWP has shared with several stakeholders, including safeagent, their intention to introduce a change next month...

The House of Commons Library have issued a new report on the UK house Price Index, and can be seen here. It states: House prices, as measured by the UK House Price Index, increased by 10.0% between November 2020 and November 2021. On a seasonally adjusted basis,...

Second-home owners who 'pretend' to let their properties out to holidaymakers face a tax crackdown from Levelling Up Secretary Michael Gove. Press reports have revealed that Mr Gove is threatening to hit them with new bills which could run to over £1,000 a year, to...

Whilst requiring more management, HMO's have traditionally attracted a higher profit. But that is now in danger of changing where landlords paying all the bills are seeing large rises in their energy bills. The energy crisis has struck at a time when HMO landlords are...

A leading accountancy firm says the relative good health of the rental market and house price appreciation will trigger stricter enforcement action by HMRC in the year to come. Tim Walford-Fitzgerald, a partner at accountancy firm HW Fisher, says of six possible tax...

The December Halifax House Price Index has just been released, with the average UK property price now hitting £276,091. House prices increased by over £24,500 in 2021, the largest annual cash rise since March 2003. However, they are expecting House price inflation to...

Making Tax Digital for income tax, albeit pushed back by a year, is still very much on the HMRC agenda. But there have been significant changes along the way, not all for the better! Unincorporated clients with trading turnover or gross rental income above £10,000 pa...

This is the first increase in more than 3 years and is a measure to tackle the rapid increase in inflation. The increase to the base rate adds £15 to the typical monthly tracker mortgage repayment. See the BBC announcement here.