Personal Taxation

In the October 2024 Budget, the UK government announced an increase in HMRC’s late payment interest rates, which will take effect from 6 April 2025. This change means that any overdue tax payments will now accrue interest at a higher rate, making it more crucial than ever to stay on top of tax obligations. What’s […]

Filing a tax return isn’t something most people look forward to, but ensuring accuracy is crucial to avoid costly penalties and complications. Many taxpayers don’t realise that an inaccurate P60 can lead to significant tax issues. This guide explains why precise reporting matters and the critical role your P60 plays in the process. What is