Five Steps to Check the Electronic Invoice
HMRC has recently updated a document setting out what businesses need to be aware of when sending, receiving and storing VAT invoices in electronic format. If you have previously or want to issue your Value Added Tax (VAT) sales invoice electronically in the future,...
Will energy prices continue to rise?
Since energy prices once became a famous topic of social concern in April, a new round of energy price hikes is likely to rise again in October. Energy regulator Ofgem announced earlier this year that the new energy bill cap will be raised to £1,971 a year from...
Track Tax Evaders on Rental Income
If you want to hide your source of income tax from HMRC when buying a property, this is almost impossible. For property rental investors, actively reporting rental income tax is something you need to comply with. For HMRC, any source of income should be...
Proof of Funds When You Buying a Property
Despite the recent impact of inflation and rising energy prices, most households are spending significantly less on food and entertainment. However, this has not stopped people from buying houses in the UK. According to the British policy, the money used to purchase...
How is the National insurance cut calculated?
HMRC has updated the National Insurance (NI) threshold changes from July and launched an online tool to help people better understand how much tax savings the update will save. This policy basically covers most groups, and from July 6, 2022, the threshold will be...
Warning of rising cost of living this autumn
Sources: The Institute for Grocery Delivery (IGD) says prices will rise by 15% as households pay more for staples such as bread, meat, dairy and fruit and vegetables. Not only that, but IGD also warns that people with more vulnerable funds may skip meals. The IGD also...
In July! The government will pay for living expenses for the first time
The UK government has announced that from 14th July 2022, the first instalment of a new cost of living payment will be issued to households receiving income-related benefits, with another payment in the autumn. More than 8 million households in England, Scotland and...
What is Making Tax Digital?
Making Tax Digital, currently underway, is a key part of the government's plan to make it easier for individuals and businesses to gain tax rights and take control of their taxes. HMRC has also developed a fairly strict fine model to ensure that all companies and...
Q&A：How can I get the State Pension
"I've been working hard and making uninterrupted contributions to the social security system. I want to know if I can get a retirement salary to protect my old age when I'm old? When will I be eligible for the State Pension?" We recently received an inquiry from our...
Everything you need to know – Help to Buy
Help to Buy is a government scheme designed to help first-time homebuyers buy a property with a 5% deposit. You can borrow 20% of the purchase price (40% in London) interest-free for 5 years. The government had planned to close the application channel on March 31,...
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