There are certain circumstances when you will pay Capital Gains Tax when selling personal possessions. You may have to pay Capital Gains Tax if you make a profit (‘gain’) when you sell (or ‘dispose of’) a personal possession for £6,000 or more. For example, you may need to pay tax

1 August 2022 – Due date for corporation tax due for the year ended 31 October 2021. 19 August 2022 – PAYE and NIC deductions due for month ended 5 August 2022. (If you pay your tax electronically the due date is 22 August 2022) 19 August 2022 – Filing

More than a million of the lowest-paid workers in the UK will receive a financial boost from 2025. New Government legislation just published confirms that around 1.2 million low earners who save for their pension through a Net Pay Arrangement (NPA) will get the same level of government top-up as

Hospitality staff will be able to keep their well-deserved tips from grateful customers under new legislation that has been backed by Government. Although customers may leave cash to say thank you to their waiter staff, many employers still keep the money for themselves. For card payments, it is even harder

People who are worried about the impact of rising prices and its effect on household incomes are being urged to seek support. Speaking to a trained and experienced debt adviser about your situation could help you decide what to do before the situation gets out of control. Having early conversations

Around 30 million people across the UK will be looking forward to seeing extra cash in their pocket after the biggest personal tax cut in a decade came into force. Some lucky workers will be saving £330 a year, with around 2.2 million no longer having to pay tax. The

Online retail giant Amazon is being investigated by the Competitions and Markets Authority (CMA) over concerns its practices could result in a worse deal for customers. It is understood the investigation will be looking at how Amazon’s operations affecting sellers on its UK Marketplace may be anti-competitive. This new investigation

Have you ever found yourself in financial distress, struggling to juggle the bills and balance the books? Or perhaps you have supported someone with their debt issues. The Government is looking for input from anyone who has been touched by severe money problems as it reviews the personal insolvency framework

In a business context, goodwill could be defined as the amount that a buyer would be prepared to pay for your business over and above the valuation of the business net assets. Very often, it is the relationships that you have built with your customer base that is the most

Pensioners on low incomes will find it easier and quicker to apply for or renew their free TV licence under reforms laid in Parliament today. The legislative change will ease the administrative burden put on eligible over-75s when applying for a free licence. As it stands those affected are required