Monthly Archives: March 2025

Health professionals providing medical services may be exempt from VAT if their work falls within their registered profession and primarily protects, maintains, or restores health. HMRC outlines specific exempt services, including diagnosis and treatment.The VAT liability of goods and services provided by registered health, medical, and paramedical professionals, can be a complex area of tax…

If redundancy strikes, you could receive up to £30,000 tax-free. Whether it's statutory or a more generous employer offer, understanding your entitlements and the latest caps on weekly pay can make a real difference to your finances.There is a tax-free threshold of £30,000 for redundancy payments, regardless of whether the payment is your statutory redundancy…

The UK's shift to the Foreign Income and Gains (FIG) regime from April 2025 changes how foreign income is taxed. If you are a UK resident, get ready to possibly pay UK Income Tax on all foreign earnings - no more non-dom remittance basis.UK Income Tax is generally payable on taxable income received by individuals…

1 March 2025 - Due date for Corporation Tax due for the year ended 31 May 2024.2 March 2025 - Self-Assessment tax for 2023-24 paid after this date will incur a 5% surcharge unless liabilities are cleared by 1 April 2025, or an agreement has been reached with HMRC under their time to pay facility…