Welcome to the Finance section of UK Business Mag, your trusted source for insightful financial advice, practical strategies, and the latest economic updates relevant to businesses across the UK. Here, you’ll find expert guidance on managing cash flow, securing funding, tax planning, investment strategies, and navigating complex financial regulations. Whether you’re an entrepreneur, small business owner, or corporate finance professional, our in-depth articles provide valuable tools and resources to help you make informed financial decisions, maximize profitability, and ensure your business’s long-term financial health and success.
The Capital Gains Tax Allowance 2024/25 has been cut again, and it’s a big change for anyone selling property, shares, or valuable assets in the UK. From April 2024, the annual allowance is reduced to just £3,000 per person (£1,500 for trusts), meaning more people will now face a Capital Gains Tax bill. This matters […]
Capital Gains Tax Allowance 2024/25 Read More »
Introduction Did you know that HMRC is sending tax refund letters to 4 million UK households this year? If you’ve recently received a letter from HM Revenue & Customs, you’re not alone. These letters are part of HMRC’s annual tax reconciliation process, which checks whether people have overpaid or underpaid tax. For many households, this
HMRC Sending Tax Refund Letters to 4 Million UK Households Read More »
From January 2025, HMRC will start issuing automatic £100 fines to UK households that miss their Self Assessment tax return deadlines. If you’re among the millions of taxpayers required to file, this change is a big deal. Whether you’re self-employed, earning from property, or simply managing multiple income streams, understanding these penalties will save you
Introduction: Why the HMRC Savings Account Tax Warning Matters in 2025 The HMRC savings account tax warning has become increasingly relevant as rising interest rates push more UK savers over the tax-free threshold for savings interest. While earning more on your savings is a positive financial outcome, many individuals are unaware that interest earned beyond
HMRC Savings Account Tax Warning: Are You at Risk? – Explained Clearly Read More »
Do you understand what your tax code really means? If not, you’re not alone. Millions of UK taxpayers could be on the wrong code and overpaying tax without even knowing it. In this guide, we demystify List of Tax Codes and What They Mean, so you can take control of your payslip and keep more
Tax Code List 2025 – What Your UK Tax Code Really Means Read More »
When a property becomes empty due to the death of the owner or tenant, local councils in the UK apply specific council tax rules. Understanding these rules is crucial for executors, administrators, and family members dealing with the estate. Council tax can become a significant financial burden if not managed properly during the probate process.
How to Avoid Paying Council Tax on an Empty Property after Death? Read More »
How Long After My 66th Birthday Will I Get My State Pension? Turning 66 in the UK marks a key milestone: reaching the State Pension age. But when exactly do you receive your payments? This guide explores the timing, differences between the Basic and New State Pension, deferral options, tax implications, and more. We answer
Planning “how to avoid paying tax on your pension” in the UK matters now more than ever. With the personal allowance frozen at £12,570 until April 2028 and the state pension rising due to the Triple Lock, millions of retirees face unexpected tax bills. This guide outlines actionable, legal strategies to minimize pension tax, boost
How to Avoid Paying Tax on Your Pension – What are all the Smart Ways? Read More »
Making Tax Digital for Income Tax Self Assessment (MTD ITSA) begins in April 2026. It requires sole traders and landlords with qualifying income over set thresholds to maintain digital records and submit tax updates quarterly. This full guide answers What is MTD for Income Tax?, Who needs to comply?, and How to prepare — ensuring you
HMRC MTD Income Tax Changes 2026: Full Guide Read More »
Introduction Joint bank accounts are a common financial arrangement in the UK, typically used by couples, family members, or business partners to manage shared expenses or income. They offer convenience, transparency, and easy access to funds for all named account holders. However, questions often arise when circumstances change—such as during a separation, divorce, or the
Who Owns the Money in a Joint Bank Account in the UK? Read More »
