Most people assume that if they have no income tax liability, their entire basic rate band is available for capital gains tax at 18%. That is not always correct. No UK income tax liability. Non-resident status. Many people in this position assume their entire basic rate band is available for capital gains at 18%. That […]
Thinking of leaving the UK to work overseas? The Full-Time Work Overseas test is one of the most powerful, and misunderstood, parts of the UK’s Statutory Residence Test. Working overseas full time sounds like a clear route to UK tax non-residency. Many people assume that leaving the country and working abroad will be enough on […]
We regularly see high earners accidentally triggering annual allowance charges, simply because they didn’t realise what counts, and recent proposed changes to salary sacrifice could significantly reduce employer contributions in the coming years. UK Pensions: Are You Really Getting the Tax Benefit? Pensions are often seen as one of the most tax-efficient ways to save […]
How does HMRC tax your savings income in the 2025/26 tax year? If you’ve ever earned interest on a savings account and wondered how it’s taxed or whether you need to report it, this video clears it all up. Many people spend their entire working life saving for a variety of things whether it be […]
Got a company car, private medical cover, or other perks at work? These are classed as non-cash Benefits in Kind, and yes, HMRC wants to tax them. As experts in UK taxation, we are often asked about non-cash benefits and how they are taxed. A non-cash benefit is a benefit received from an employer that […]
What really happens if you leave the UK, and then come back? Leaving the UK does not always mean leaving UK tax behind. In Episode 17 of the Tax Compass Podcast, we break down one of the most misunderstood areas of UK tax law: Temporary Non-Residence. If you are considering relocating overseas, even for a […]
Think being on payroll means your tax is all taken care of? Think again. Many people assume that once they’re taxed through payroll, everything is taken care of. No tax return, no calculations, no surprises. In practice, that assumption often proves wrong. We regularly speak to people who are fully on PAYE, have no other […]
Simon Roue and Laura Sant explain the Double Tax Treaty system. The purpose of the Double Tax Treaty is to prevent double taxation of individuals who move between and earn income from more than one country. However, the rules of Double Tax Treaties vary between different countries and can be complicated to navigate. If you […]
Simon Roue and Laura Sant explain the UK Self Assessment tax return system in plain English. Making Tax Digital for Income Tax Self Assessment (MTD ITSA) is approaching fast, and HMRC is significantly increasing its messaging around the change. For many sole traders and landlords, this will represent the biggest shift in personal tax compliance […]
What should you do if you realise you have not disclosed all your income or gains to HMRC? What should you do if you realise you have not disclosed all your income or gains to HMRC? If you become aware that you have undisclosed income or gains, then you have two choices: ignore the problem […]
