Podcasts about hmrc

This week I am joined by International Visibility Strategist and Web Designer, Regina Martin. In this episode we hear Regina talk about her journey to entrepreneurship - starting in the charity sector for National Debtline and discovering her talent for web design, to working with soem of the top companies - Barclays, HMRC, Radio 4. She also opens up about the darker side of her world, the racism, the abuse she gets and the lack of inclusivety for marginalised communities that she passionately fights to support.   Follow Matt Hall at: Instagram: https://www.instagram.com/matthallofficial/   Follow Regina Martin at: Instagram: https://www.instagram.com/the_regina_martin/   This episode is sponsored by Jo Simpson and Financial Growth Academy. For over 24 years Jo has been running a successful accountancy and book keeping practice, supporting ambitious business owners across the UK. Her specialist accounting team work primarily with onlone, retail and service providers, so they truly understand how modern day entrepreneurs operate, including things like digital launches through to creating reccuring revenue in your business. She also helps business owners think like CEO's so that they can increase profitability, smooth-out cash flow and have a business that actually pays them well.  To connect with Jo and find out more about making your finances grow, click the link below and start making your money work for you. CLICK HERE TO GRAB THE "PROFIT FIRST MANAGER FOR FREE - ENTER THE CODE "SUCCESSSCHOOL" AT CHECKOUT Follow Jo Simpson here     This episode is also sponsored by Rebecca Whitney. Rebecca is an A.I expert who removes the barriers around learning how to use A.I. Having formed part of a company that went from 12M to 100M in 4 years - part of which was by creating a patented product for a healthcare company that helped find patients using specific data - all with the useof A.I  - Rebecca now uses her years of knowledge and experience to help you! Her understanding of A.I has enabled her to simplify complicated jargon and break it down into bite-size chunks so that it's easier to grasp, helping you to utilise A.I in your business in a way that you can truly scale. Follow Rebecca to demistify your knowledge around A.I JOIN HER MEMBERSHIP FOR FREE FOR 30 DAYS HERE.  Follow Rebecca Whitney online here  

HMRC is stepping up its compliance activities when it comes to VAT. In this episode, we explain what businesses can do to prepare for a VAT enquiry and we explore how HMRC and the government could better support businesses in meeting their VAT obligations.Links ICAEW: VAT compliance controls: new guidance from HMRC - https://www.icaew.com/insights/tax-news/2025/feb-2025/vat-compliance-controls-new-guidance-from-hmrcICAEW: Making sure a tax return is correct and complete - https://www.icaew.com/insights/podcast/the-tax-track/making-sure-a-tax-return-is-correct-and-completeICAEW: Budget: Changes made to VAT rules and processes (e-invoicing) - https://www.icaew.com/insights/tax-news/2025/nov-2025/budget-changes-made-to-vat-rules-and-processes#4ICAEW: How to fix VAT - https://www.icaew.com/technical/tax/vat/how-to-fix-vatHostStephen Relf, Tax Technical Manager, ICAEWGuestsRob Janering, VAT partner, Crowe UK LLPSimon Atkins, Partner, RSM UKProducerEd AdamsEpisode recorded: 21 May 2026Episode published: 10 June 2026

About this episodeThe UK tax system can often feel like a one-way street. However, Gift Aid tax relief is one area where the system can help generosity work harder. In this episode, we explain how Gift Aid tax relief works, who can use it, what donors need to check, and why charities must keep accurate records. We also cover higher and additional rate taxpayer relief, donor benefit rules, corporate donations, and the Gift Aid Small Donations Scheme. This episode is useful if you run a charity, support a community amateur sports club, donate to good causes, or advise clients who make charitable donations.What you'll learn in this episodeWhat Gift Aid tax relief means in practical termsHow charities can claim extra value on eligible donationsWhy donors must have paid enough UK taxHow higher and additional rate taxpayers may claim extra reliefWhy donor benefit rules can affect whether Gift Aid appliesHow corporate donations are treated differentlyHow the Gift Aid Small Donations Scheme helps with small cash and contactless giftsWhat is Gift Aid tax relief?Gift Aid tax relief is a partnership between the donor, the charity, and the government. When an eligible UK taxpayer makes a donation, the charity can claim back the basic rate tax linked to that gift. In practical terms, for every £1 donated, the charity can receive £1.25. That gives the charity an extra 25% boost without the donor paying more.“For every £1 you give, the charity receives £1.25.”Why Gift Aid mattersGift Aid tax relief helps more money reach the causes people care about. That can be especially important for small charities, local causes, community groups, and community amateur sports clubs. However, Gift Aid is not automatic. Donors need to make a valid declaration, charities need to keep records, and both sides need to understand the basic rules. If you want more background on the wider impact of charitable giving, our episode on Gift Aid and Charitable Giving: Understanding the Impact is a helpful next step.What donors need to checkThe donor must be a UK taxpayer. Gift Aid is a refund of tax already paid, so the donor must have paid enough income tax or capital gains tax to cover the amount the charity will reclaim. If the donor has not paid enough tax, HMRC may ask the donor to pay the difference. That is why ticking the Gift Aid box should not be treated as a casual formality.Before making a Gift Aid declarationCheck that you are a UK taxpayerCheck that you have paid enough income tax or capital gains taxRemember that the rule applies across all charities you supportKeep records of donations if you need to claim relief personallyHigher and additional rate taxpayer reliefGift Aid can also benefit higher and additional rate taxpayers. The charity still claims the basic rate tax top-up, while the donor may be able to claim personal tax relief on the difference between their tax rate and the basic rate. For example, if a donor gives £100, the charity treats the gross donation as £125. A higher rate taxpayer may then be able to claim extra relief on that grossed-up amount. For many donors, the main motivation is generosity. Even so, the tax relief can be a useful additional benefit, especially when completing a tax return or reviewing personal tax planning. Our episode on Tax effective giving on charities looks further at this area.What charities need to doCharities need to make sure their Gift Aid claims are accurate, supported, and properly recorded. That means keeping valid declarations, checking eligibility, and making sure claims are made within the correct time limits. Good records are not just admin. They protect the charity, support HMRC compliance, and help ensure donations are claimed correctly.Gift Aid record-keeping checklistKeep donor declarations safelyRecord the donor name and address where neededTrack donation amounts and datesCheck whether a donor received a benefit in returnMake claims within the relevant deadlineKeep records organised for review and reportingDonor benefits and Gift Aid limitsGift Aid can be affected if the donor receives something significant in return. A small benefit may be fine, but high-value benefits can stop the donation from qualifying. This matters for charity dinners, events, membership benefits, discounts, gifts, and sponsorship arrangements. Charities should check the donor benefit rules before claiming.Corporate donations are differentGift Aid tax relief does not apply to company donations in the same way as individual donations. If a company donates £100 to charity, the charity receives £100. The charity cannot claim the additional Gift Aid top-up. However, the company may be able to treat the donation as a deduction when calculating corporation tax profits.Gift Aid Small Donations SchemeThe Gift Aid Small Donations Scheme helps charities claim a top-up on small donations where collecting a written declaration is difficult. This can be useful for collection buckets, community events, religious centres, local halls, small fundraising activities, and contactless giving. Small donations can still work harder when the charity understands the scheme and keeps the right records.When the scheme may helpSmall cash donationsSmall contactless donationsCommunity fundraising eventsReligious or community building collectionsLocal charity activities where declarations are hard to collectGift Aid tax relief and wider tax planningGift Aid sits within a wider tax and organisation structure conversation. Donors need to understand their own tax position, while charities and community organisations need to understand what they can claim and what records they must keep. If you are running a mission-led organisation with a different structure, our episode on Community Interest Companies and Tax: What CICs Need to Know explains a separate but related tax position.Practical steps for donors and charitiesFor donorsCheck your UK taxpayer status before ticking the Gift Aid boxKeep records if you are claiming higher or additional rate reliefTell charities if your tax position changesReview past donations if you may have missed reliefFor charities and CASCsMake sure your organisation is registered with HMRC where requiredCollect valid Gift Aid declarationsCheck donor benefit rules before claimingKeep clear donation recordsReview whether the Gift Aid Small Donations Scheme appliesRelated episodesGift Aid and Charitable Giving: Understanding the ImpactTax effective giving on charitiesCommunity Interest Companies and Tax: What CICs Need to KnowKey takeawayGift Aid tax relief helps generosity go further. For charities and community amateur sports clubs, it can increase the value of eligible donations. For donors, it can provide extra relief when the tax position allows it. The key is to check eligibility, keep records, understand the rules, and claim correctly. Plan it, Do it, Profit.Share this episodeShare this episode: Listen on Apple Podcasts

Also, PSNI move in to take down racist banner from Moygashel playpark.

This episode of Fresh Perspectives explores Making Tax Digital for Income Tax and what it means for business owners, landlords and the self-employed as the biggest change to the UK tax system in decades comes into effect. Rob Brown is joined by Anita Holmes, MTD Client Services Director at Azets, and Stuart Miller, Director of Product Compliance and Industry Engagement at Xero, to explain what the new rules mean in practice and who is impacted. We cover the key dates, what quarterly reporting involves and whether this marks the end of the traditional self-assessment process. The discussion highlights how prepared businesses really are, with recent data showing that most people have yet to take meaningful steps towards compliance. Anita shares insights from Azets' involvement in the HMRC beta programme, including common client concerns and where businesses are already facing challenges. We also look at the potential benefits of this shift, including improved visibility, better decision making and fewer last-minute surprises, as well as how the rules may evolve in the coming years. You can connect with Anita Holmes and Stuart Miller on LinkedIn +++ Fresh Perspectives is the business podcast from Azets where advisers, experts and leaders share fresh thinking to help you move forward with confidence. Each episode explores real-world challenges and opportunities for business owners and entrepreneurs, from finance and growth to leadership and technology. Formerly Bang The Drum, the show continues Azets' commitment to sharing practical advice, new ideas and inspiring stories from across the business community. This podcast has featured at #1 in the Apple Podcast charts for Management podcasts and #19 in the Apple Podcasts charts for Business podcasts. Follow and subscribe to Fresh Perspectives on your favourite player, leave a review and share it with others who you think might enjoy it. Find more about Azets at www.azets.com. Contact us at podcast@azets.co.uk.

Tax authorities are increasingly coordinating across borders, exposing multinational groups to more complex enquiries and joint audits. Head of Tax Knowledge, Zoe Andrews, is joined by Senior Counsel, Jamshed Bilimoria and Louise Giorgini, Senior Associate at Corrs Chambers Westgarth, to discuss how to navigate these challenges. They explore responding to information requests, managing joint audits, and resolving disputes - including the use of the Mutual Agreement Procedure (MAP) - alongside current focus areas for HMRC and the ATO.  

FOLLOW UP: MOTABILITY PAUSES BLACK BOX USEMotability has announced that it will be pausing the ‘Drive Smart' scheme that included fitting a black box to cars owned by those under the age of 30 leasing a car from them. Unfortunately they are not cancelling it but will amend it and try again. This discriminates against disabled drivers rather than helping them be more independent and live as active a life as possible. Click this article link here, from Disability News Service, for more.FOLLOW UP: THE TREASURY REJECTED MINISTERIAL CALL TO DROP PUBLIC CHARGING VAT RATEThe Treasury Department stood firm in the face of calls, by ministers, to drop the VAT rate for public EV chargers to 5%. HMRC is appealing the tax tribunal that agreed it should be cut due to their own criterial making it clear it should not be charged at 20%. To read more, click this article link from Europe Says.GOVERNMENT EXTENDS FUEL DUTY CUTLast week the Government announced that it will be extending the fuel duty cut to the end of the year, thanks to the idiocy in the Middle East. Whilst this sounds like it should help people, there are lots of evidence that shows those who need such help the most are disproportionately affected in times like these meaning they stop driving. For personal car usage this helps only the wealthy, however in the wider transportation ecosystem this will help to keep some costs down and not add to the impact the crisis is already having. For more on the news item, click this article link from Transport News.STELLANTIS AND DONGFENG SIGN EUROPEAN DEALStellantis and Dongfeng have signed another deal, this time for the Chinese firm to build their cars in European factories with spare capacity. You can read more, by clicking this Autocar article link here.There is also a link to a Top Gear article here, that goes into detail about if Stellantis's new plan is in fact new, that we think you might find interesting.HAS KIA AND NISSAN FIXED THEIR VULNERABILITIES IN 2 YEARSTwo years ago, security researcher Neiko Rivera, found some shocking API vulnerabilities in Kia and Nissan apps that allows easy access to vehicles he did not own. He has now followed that up, to see if improvements have been made, some have but mostly not and there's new ones that are easily exploited and should wake the industry up (especially if combined with last week's story about the MyAudi app). Click this YouTube link to his talk explaining what he has done and found.On Thursday 4 June at 20:00 BST, we will be going live with a Q&A on our YouTube channel. We need your help though, send us your automotive and motoring related question you would like to hear us answer. To send one in use our Contact Page, linked to here, and put “Q&A” in the Subject Line so it does not get lost in all the spam, or any other way you can send a question to us.NEW NEW CAR NEWS -Ferrari LuceThe internet erupted this week following Ferrari revealing their first EV, the Luce. Designed by Jony Ive and Marc Newson, the finished product has caused quite the stir. The chaps discuss this and wonder what about it makes it a Ferrari. Click this EVO article link to read more.Mercedes-AMG GTLast week Mercedes-AMG revealed their electric four door car, which also garnered a lot of attention, most of it negative. There is some impressive sounding tech dotted around the car, but that does require one to want to see beyond the looks, which is a big ask. Click this Autocar article link here, to read more.Skoda EpiqNow for something more reflective of what people want at a price that can be afforded, the Skoda Epiq. From £24,090, this is the smallest electric SUV the brand offers. Expect typically VW Group interior with Skoda touches and decent exterior looks. Click this Motoring Research article link to read more.LUNCHTIME READ: IN DEFENCE OF LIGHTNESSFriend of the show, Nir Kahn, has written an interesting piece on predominately defence vehicles but the trap many fall into with fixating on one aspect and ignoring others meaning opportunities go begging to make a better product. To read more, click this LinkedIn article link here.LIST OF THE WEEK: 21 CHARMING ROVER SALOONSThis week Andrew takes a major psychological step forward and agrees to have a list that covers Rover. He has refrained for all this time because the worst car he has ever owned was a Rover and it has left deep, deep scars. Check out the Classic & Sports Car article link and see which you would have.AND FINALLY: ARTIST JAMES STEVENSJames takes classic and iconic moments in motorsport and others, but removes the background giving that moment even more pop and power. Check out this Classic & Sports Car article link to see more, including a link to his website. Wonderful work.

Leigh Stallard is joined by Lara Manton and Robbie White for a packed episode recorded in the wake of Accountex 2026. Between them they cover eight stories spanning practice management, bookkeeping automation, MTD, AI strategy and the long-running question of what an accountant is actually for. Duane Jackson's Sodium has moved to general availability. It is API-first, built around a single client record and designed with AI integrated from the start rather than bolted on later. Leigh frames the real challenge not as product quality but as firm inertia: practice management is the Lego wall nobody wants to dismantle, and a golden brick is only useful if someone is prepared to pull the old ones out. Lara and Robbie both know from experience how painful that process is, and the conversation turns quickly to whether AI-assisted migration might eventually lower the barrier. Apron's William AI is now generally available, having launched in beta in March. Lara walks through what it actually does: connecting to client email inboxes, extracting and categorising documents, publishing to Xero or QuickBooks, and flagging anything it is not confident about. The auto-publish toggle defaults off and needs firm-specific guidance rules to reach its potential. The beta hit 50% autonomous publish rate; the GA pitch is 90% for firms that put the configuration work in. Robbie leads on the Xero and Claude integration, which went live globally on 12 May. Early practitioner testing found it read-only, limited to account-level data and prone to missing transactions. Leigh and Lara discuss what it means that the major general ledgers are simultaneously embedding AI inside their own products and surfacing their data inside the large language models. Intuit's intelligence layer across QuickBooks covers AI-powered chat, portfolio benchmarking and a capability that appears pointed directly at end clients. Lara raises the concern that clients with incomplete books could get confident-sounding answers to questions they should be asking their accountant instead. Lara covers the QuickBooks AI-powered MTD checker, which flags duplicates, missing transactions and non-trading income sources before submission. QuickBooks claims the highest cumulative MTD pilot sign-ups during HMRC's testing period. Robbie welcomes it as a live use case rather than a theoretical one. Robbie covers Combinely, the browser-based AI co-worker backed by YC and OpenAI. Early UK adopters include Burgess Hodgson, where it handled 2,600+ tasks across December and January with a reported 75% reduction in income and expenditure creation time. Leigh raises the structural tension: a tool that sits on the periphery of a workflow is easy to adopt and equally easy to quietly drop. Lara covers FreeAgent's integration with Equali, pulling e-commerce data from Shopify into FreeAgent for reconciliation and categorisation, and notes FreeAgent's incoming Apron partnership as part of a broader push beyond its freelancer roots. The episode closes on the Accountex panel from ICAEW, ACCA and IFAC. The fat middle concern runs through the final section: AI handling transactional work, hollowing out the junior pipeline and, with it, the intuition that comes from years of doing the basics. Robbie's view is that AI will eventually learn the human stuff too. The question is what accountants do with the time that creates.   Chapter list 00:00 Introduction and Overview of Topics 04:00 The Launch of Sodium: A New Practice Management Tool 08:25 Apron's William AI: Enhancing Document Management 12:44 General Ledgers and AI Strategies 23:31 QuickBooks AI-Powered MTD Checker Flags Errors Before Submission, Not After 27:18 Combinely's AI Co-Worker Handles 2,600+ Tasks in a Month for Early UK Firm Adopters 30:45 FreeAgent's E-Commerce Expansion 36:09 The Future of Accountancy: AI and Brand Perception

Special Offer: Get 15% OFF your first FIGS order with code FIGSUK at checkout.Shop now at https://www.wearfigs.com/———————————————————————UK Dentists: Collect your verifiable CPD for this episode here >>> https://courses.dentistswhoinvest.com/smart-money-members-club———————————————————————Quarterly tax reporting is coming for self-employed dentists, and the fine print matters more than most people realise. We sit down with Vanessa, a tax partner specialising in the dental sector, and Anita, an MTD Client Services Director, to make Making Tax Digital for Income Tax feel practical rather than intimidating.We talk through what HMRC actually requires: digital records, MTD-compatible software, and quarterly updates submitted one month and seven days after each quarter end. We clarify who is in scope from April 2026, why the £50,000 threshold is gross qualifying income (and why “qualifying” means self-employment and rental income), and how the phased reductions to £30,000 and £20,000 may pull more UK dentists in over time. We also explain the final declaration that replaces the traditional Self Assessment return for the 2026 to 2027 tax year onwards, plus what still gets added at year end.From there, we get tactical. What does a dental associate report when the bank only shows net pay? How do you handle mixed NHS and private income, side income streams, or rental property? We discuss software choices including Xero, Sage and QuickBooks, the pros and cons of bank feeds, why separating business and personal accounts saves stress, and how to avoid messy reconciliations that create problems later. If you want support, we also outline service options from light-touch review to fully managed reporting and quarterly planning.———————————————————————Disclaimer: All content on this channel is for education purposes only and does not constitute an investment recommendation or individual financial advice. For that, you should speak to a regulated, independent professional. The value of investments and the income from them can go down as well as up, so you may get back less than you invest. The views expressed on this channel may no longer be current. The information provided is not a personal recommendation for any particular investment. Tax treatment depends on individual circumstances and all tax rules may change in the future. If you are unsure about the suitability of an investment, you should speak to a regulated, independent professional. Investment figures quoted refer to simulated past performance and that past performance is not a reliable indicator of future results/performance.Send us Fan Mail

In this episode, Mark Morton explores the complexities of tax penalties, prompted by a recent high-profile case involving a significant understatement with no penalty applied. He breaks down key concepts like reasonable care, voluntary disclosure, and HMRC's approach to enforcement, highlighting the nuances that often go unnoticed by both taxpayers and advisors.For more information on this topic and more, please visit www.mercia-group.com for further details.

Join Harry (@FPLHarry ), Stephen (@FPL_Gallagher) & Tom as they present their FINAL FPL teams for GW38 and explore the stats surrounding Salah, Porro and Flemming! ━━━━━━━━━━━━━ https://www.sumup.com/en-gb/business-account/making-tax-digital/ The landscape for Sole Traders has changed with Making Tax Digital for Income Tax now live in the UK.  Since 6th of April 2026 sole traders earning over £50,000 must keep digit records and submit quarterly updates to HMRC using approved software. That's where SUMUP comes in.  SumUp has built a free, simple software solution to support sole traders through this change. The best thing - it's free and there is no monthly fee! Getting started is easy — just search “SumUp MTD” ━━━━━━━━━━━━━ WIN GW38 FOR FREE: https://bit.ly/FFScoutYT ✖️ Twitter: https://x.com/ffscout ☁️ Bluesky - https://bsky.app/profile/ffscoutfpl.bsky.social

Indi and John are joined by Kendrick from Fishbowl, inventory and manufacturing software for businesses that have outgrown spreadsheets but aren't ready for a full ERP. Kendrick brings a US perspective to a week dominated by AI agent launches, a major tax authority investment and a string of Sage announcements. Anthropic has launched ten ready-to-run agents aimed at finance operations, covering general ledger reconciliation, statement review, journal preparation and KYC screening. The hosts debate whether these genuinely displace specialist close management tools or simply make existing model capabilities more accessible, and where the line between "human in the loop" and "human who gets sued" actually sits. Campfire has officially opened its first London office, adding VAT support and UK-specific functionality as it builds out boots on the ground ahead of the conference season. John covers the story and explains why a US ERP with existing UK clients making this move matters for the market. HMRC is rolling out 28,000 Microsoft Copilot licences with a target of 50,000, positioning itself as the world's most AI-enabled tax authority. Kendrick contrasts the approach with a far more cautious IRS, while Indi makes the point that a faster, sharper HMRC changes the maths for accountants who rely on year-end reconciliation as a safety net. Sage had a substantial week. Indi covers the expansion of its developer platform across Intacct, X3 and Sage Active, including the launch of Sage Agent Builder, an AI gateway and usage-based revenue sharing for partners. John follows with Sage's acquisition of Doyen AI, a data migration tool founded in 2024 that Sage moved quickly to bring in-house. NetSuite has released SuiteCloud Agent Skills, knowledge packages that help AI coding assistants build and customise inside NetSuite without breaking things. Kendrick, coming from the ERP world, gives his take on why guardrails in AI-assisted development matter more than the speed gains. Digits has launched an MCP server connecting its agentic general ledger to tools including Claude, ChatGPT and Cursor on a read-only basis. John and Kendrick discuss what the read-only decision signals about where Digits thinks the value of its product still sits. The episode closes with a story that cuts against the week's optimism: Google's AI overviews are serving UK users outdated government information pulled from unmaintained gov.uk pages. One example, the cost of registering a charity, returned answers ranging from free to over £183, against an actual fee of £100 online. Indi makes the case that before anyone hands autonomous agents the keys, it's worth checking whether they're working from data that should have been retired years ago. This episode is sponsored by Advancetrack, the outsourced accounting and tax service trusted by UK practices for over 20 years.  00:00 Introduction to DigiTools and Fishbowl 03:27 Claude Coming for Accountants? 10:30 Campfire opens in London 12:43 HMRC rolls out 28,000 Copilot licences 17:43 Sage expands developer platform for AI tools 26:21 Sage acquires Doyen for data transfers 28:30 NetSuite brings AI speed for SuiteCloud developers 32:11 Digits MCP expands AI utilisation 36:16 AI giving wrong Gov data to UK users 38:00 Nominate your candidates for a Digital Disruptor award!

Are we at the start of a deepening cost of living crisis as nearly half of all adults fear they might not be able afford their energy bills?And from next year, councils in England will be banned from demanding householders pay their council tax in full if they are only late with one payment.HMRC warns of scammers as it begins taking back Winter Fuel Payment from more than two million higher income pensioners.Also, the rise of the poly worker. Why young people are fixing their sights on a portfolio career.Presenter: Paul Lewis Reporters: Dan Whitworth and Niamh McDermott Researcher: Jo Krasner Editor: Rob Cave Senior News Editor: Sara Wadeson(First broadcast Saturday 18th April 2026)

Az and Sam are here to answer your FPL dilemmas ahead of GW37! Join for FPL advice, tips and transfer suggestions. ━━━━━━━━━━━━━ https://www.sumup.com/en-gb/business-account/making-tax-digital/ The landscape for Sole Traders has changed with Making Tax Digital for Income Tax now live in the UK.  Since 6th of April 2026 sole traders earning over £50,000 must keep digit records and submit quarterly updates to HMRC using approved software. That's where SUMUP comes in.  SumUp has built a free, simple software solution to support sole traders through this change. The best thing - it's free and there is no monthly fee! Getting started is easy — just search “SumUp MTD” ━━━━━━━━━━━━━

In a dramatic week at Westminster, Wes Streeting has quit as health secretary and ex-deputy prime minister Angela Rayner has said her wrangling with HMRC is finally over – but neither has launched a leadership challenge. Instead, all eyes are now on Greater Manchester mayor Andy Burnham as he attempts to chart a path back to the Commons, leaving Sir Keir Starmer's premiership under severe pressure. Host Lucy Fisher is joined by political correspondent Anna Gross, deputy opinion editor Miranda Green and deputy political editor Jim Pickard to discuss the latest developments. The team also examines Reform UK leader Nigel Farage's shifting story about his £5mn personal gift from a Thailand-based crypto investor in 2024, and looks ahead to consider what a Reform government would do. Follow: Lucy @LOS_Fisher or @lucyfisher.ft.com; Anna @annasophiagross; Miranda @greenmiranda & @greenmirandahere.bsky.social and Jim @pickardJE Want more? Burnham's return to Westminster will not be so easy Labour set to approve Andy Burnham's by-election runStarmer crisis as it happened: premier appoints new health secretary Angela Rayner says she has been cleared over tax affairsWes Streeting: the confident performer with a mixed record of reform To beat the populist right, Labour must be an insurgent government Zack Polanski admits ‘mistake' over houseboat council taxFT Series: Reform UK up close Sign up here for Stephen Bush's morning newsletter Inside Politics for straight-talking insight into the stories that matter, plus puns and tongue (mostly) in cheek views. Get 30 days free.Political Fix was presented by Lucy Fisher and produced by Nisha Patel. Manuela Saragosa is the executive producer. Original music and sound engineering by Breen Turner. The broadcast engineers are Andrew Georgiades and Bianca Wakeman. Cheryl Brumley is the FT's global head of audio. Hosted on Acast. See acast.com/privacy for more information.

Wes Streeting is/was expected to make his move today for the Labour leadership – but does he have the numbers? There was some frantic briefing last night, with competing claims about who has the required number of MPs and who might be prepared to give up their seat to Andy Burnham. It almost takes us back to the days of Tory infighting.But the big news this morning is that Angela Rayner has been cleared by HMRC. In an incredibly well-timed judgment, there is now nothing standing in her way from making her own bid for the top job. So where are we on Thursday morning? What should we expect from the next 48 hours?James Heale speaks to Tim Shipman and James Lyons, former director of strategic communications in Number 10.Produced by Oscar Edmondson. Become a Spectator subscriber today to access this podcast without adverts. Go to spectator.co.uk/adfree to find out more.For more Spectator podcasts, go to spectator.co.uk/podcasts.Contact us: podcast@spectator.co.uk Hosted on Acast. See acast.com/privacy for more information.

https://www.sumup.com/en-gb/business-account/making-tax-digital/ The landscape for Sole Traders has changed with Making Tax Digital for Income Tax now live in the UK.  Since 6th of April 2026 sole traders earning over £50,000 must keep digit records and submit quarterly updates to HMRC using approved software. That's where SUMUP comes in.  SumUp has built a free, simple software solution to support sole traders through this change. The best thing - it's free and there is no monthly fee! Getting started is easy — just search “SumUp MTD” ━━━━━━━━━━━━━ Join Harry ( @FPLHarry  ) & Tom as they present their FPL teams for GW37 and explore the stats surrounding Trossard, Bowen and Tarkowski!

Wes Streeting has made his move today for the Labour leadership – but does he have the numbers? There was some frantic briefing last night, with competing claims about who has the required number of MPs and who might be prepared to give up their seat to Andy Burnham. It almost takes us back to the days of Tory infighting.But the big news this morning is that Angela Rayner has been cleared by HMRC. In an incredibly well-timed judgment, there is now nothing standing in her way from making her own bid for the top job. So where are we on Thursday morning? What should we expect from the next 48 hours?James Heale speaks to Tim Shipman and James Lyons, former director of strategic communications in Number 10.Produced by Oscar Edmondson.  Hosted on Acast. See acast.com/privacy for more information.

Andy Burnham has announced he will attempt to return to Westminster after the Labour MP Josh Simons said he will vacate his Makerfield seat in order for Burnham to run in a byelection. It follows a day of breaking news in which the health secretary, Wes Streeting, resigned, saying he has lost confidence in the prime minister, and Angela Rayner announced she had been cleared by the HMRC. Where does this leave Keir Starmer, the leadership of the Labour party, and the country?. Help support our independent journalism at theguardian.com/politicspod

The battle for Number 10 is on.After Angela Rayner announced HMRC had cleared her over the tax scandal that led to her resignation, attention quickly shifted to the growing leadership turmoil inside Labour. Following days of speculation, Wes Streeting announced his resignation from government but - so far - hasn't challenged  Keir Starmer for the leadershipIn this episode of The Fourcast, we examine the names circling the leadership race - from Andy Burnham and Ed Miliband to junior ministers preparing potential bids - and ask whether Labour is heading for a brutal internal war just as it tries to convince voters it's ready for power.Joining Krishnan Guru-Murthy are Senior Political Correspondent Paul Macnamara and Think Labour's Alison Phillips to discuss who's really plotting, who has momentum, and whether Starmer can survive the biggest challenge of his leadership so far.Recorded before Andy Burnham announced he would stand in Makerfield.

Is the Labour leadership contest about to get messy and plunge the party into chaos?Sam and Anne start the day expecting Wes Streeting to resign as Health Secretary to spark a contest, but an early intervention may have swung the momentum.Angela Rayner has come out saying a HMRC investigation into her tax affairs is over, paving a way for a challenge but will she join the contest? Can Andy Burnham find a way to enter the fray?So, as the Prime Minister vows to fight any competitor the leadership discussions are heating up.The duo analyse the developing situation and ask whether it will be straight forward or complex showdown with the PM.

Being reported to HMRC has got to be up there with one of the pettiest things our listeners have ever done...AND they still feel justified about it! You guys really went to town in Question of The Week. Yet again we have a thief in our midst as the girls try to solve a dilemma involving a debit card and a sister-in-law...could this be a wedding sabotage or just your regular theft case? Plus a dear Brian of ours turns into a couples therapist for his bestie but it seems as if the therapy wasn't needed after all...New episodes every Wednesday! Email us your dilemma at hello@thegirlsbathroom.comFollow us on instagram @thegirlsbathroomJoin us on Patreon for an extra ep every week!! https://www.patreon.com/TheGirlsBathroom Hosted on Acast. See acast.com/privacy for more information.

In this episode, panellists from the UKFIU, HMRC and a real estate agency address money laundering and suspicious activity in the real estate and letting agency sector. The podcast includes discussions of potential red flags for reporters in the sector and positive law enforcement outcome that have resulted from Suspicious Activity Reports (SARs) HMRC have published guidance that may be of use to professionals within the real estate and letting agency sector. These can be accessed via the following link - https://www.gov.uk/government/publications/anti-money-laundering-communication-resources?&utm_source=fiu&utm_medium=referral&utm_campaign=amlsAcronymsNRA – National Risk AssessmentFor the subtitled version of this podcast episode go to: https://youtu.be/k_ISeiJisuY

Finance Act 2026 introduces a package of measures designed to drive up standards in the tax advice market, including mandatory agent registration with HMRC. In this episode, we explain how the process will work and discuss the consequences for advisers of having their registration suspended. Links ICAEW: HMRC's agent registration guidance lacks key details -  https://www.icaew.com/insights/tax-news/2026/feb-2026/hmrcs-agent-registration-guidance-lacks-key-detailsICAEW: Government reassures agents on registration and sanctions - https://www.icaew.com/insights/tax-news/2026/feb-2026/government-reassures-agents-on-registration-and-sanctionsICAEW: TAXguide 05/25: Finance Act 2026 - https://www.icaew.com/technical/tax/tax-faculty/taxguides/2025/taxguide-05-25The HMRC standard for agents - GOV.UK - https://www.gov.uk/government/publications/hmrc-the-standard-for-agents/the-hmrc-standard-for-agentsHostStephen Relf, Tax Technical Manager, ICAEWGuestsLindsey Wicks, Senior Tax Technical Manager, ICAEWFrank Haskew, Tax Director, ICAEWProducerEd AdamsEpisode recorded: 23 April 2026Episode published: 13 May 2026

For MTD advice and to ensure compliance, contact Azets here: https://hubs.la/Q04dwtwK0Making Tax Digital for Income Tax: What UK Doctors Need to Know (MTD for Income Tax 2026) The Medics' Money podcast discusses Making Tax Digital for Income Tax (MTD for Income Tax), described as the biggest UK tax filing change for doctors since the late 1990s, with guests Adrian Cousens and Anita Holmes from specialist medical accountants Azets. They explain that from 6 April 2026, individuals with over £50,000 of combined qualifying turnover (sole trade/self-employment and rental income, based on 2024/25) must keep digital records using HMRC-approved software and submit four quarterly updates plus a final annual return, with the first quarterly deadline on 7 August 2026. Partnerships (including GP partnerships) and limited company income are not initially in scope, but GP partners may still be affected by outside sole trade or rental income; thresholds later drop to £30,000 and then £20,000. Key advice is to prepare early, consider moving from spreadsheets to software, manage new deadlines, and seek specialist advisor support.00:00 MTD Big Change Intro01:00 Meet The Experts02:50 What Is MTD for Income Tax03:51 Why Act Now05:29 Beta Lessons And Wins07:50 Who Is In Scope11:18 Key Dates And Deadlines11:50 Digital Records And Software13:27 Quarterly Updates Explained14:16 Not Ready Soft Landing16:25 Pain Points And What To Report21:07 Accountant Roles And Packages22:52 Thresholds Future Scope Rules27:04 Final Advice And Wrap Up

Football, tax tribunals and residency rules all come under the spotlight in this week’s episode of The Tax Factor, as Paul Noble and Robert Salter discuss some of the latest stories making headlines across the tax world. The episode begins with the high-profile PGMOL case against HMRC, exploring why part-time football referees were ultimately found to be self-employed and what the decision could mean for wider employment status disputes. Paul and Robert discuss the importance of looking beyond simple “tick-box” tests and why the case reinforces the need to consider the full picture. They also examine a significant residency case involving transit days and exceptional circumstances, before turning to the growing differences between Scottish and UK income tax rates and the practical implications for workers on either side of the border. See omnystudio.com/listener for privacy information.

https://www.sumup.com/en-gb/business-account/making-tax-digital/ The landscape for Sole Traders has changed with Making Tax Digital for Income Tax now live in the UK.  Since 6th of April 2026 sole traders earning over £50,000 must keep digit records and submit quarterly updates to HMRC using approved software. That's where SUMUP comes in.  SumUp has built a free, simple software solution to support sole traders through this change. The best thing - it's free and there is no monthly fee! Getting started is easy — just search “SumUp MTD” Az and Sam are here to answer your FPL dilemmas ahead of GW36! Join for FPL advice, tips and transfer suggestions.

Join Harry (⁠@FPLHarry⁠) & Stephen (⁠@FPL_Gallagher⁠) as they present their FPL teams for GW36 and explore the stats surrounding Saka, Gyökeres and Lacroix.  ━━━━━━━━━━━━━ https://www.sumup.com/en-gb/business-account/making-tax-digital/ The landscape for Sole Traders has changed with Making Tax Digital for Income Tax now live in the UK. Since 6th of April 2026 sole traders earning over £50,000 must keep digit records and submit quarterly updates to HMRC using approved software. That's where SUMUP comes in.  SumUp has built a free, simple software solution to support sole traders through this change. The best thing - it's free and there is no monthly fee! Getting started is easy — just search “SumUp MTD”.

Talk's Mark Dolan discusses the future of the Labour Party with Reform's Laila Cunningham and Ann Widdecombe, Trump's war with Iran, with Historian Martyn Whittock, and the Golders Green attack with former Met Police detective Peter Bleksley. Is Rayner the most likely replacement for Starmer, even with her HMRC issues still in the foreground? Is Trump ever going to admit that he bit off more than he could chew with Iran? Will the government get a grip on immigration and anti-semitism? Get the latest news here! Hosted on Acast. See acast.com/privacy for more information.

Dan Gold is founder and CEO of Stratiphy, and as far as anyone knows, the only platform offering tax-efficient crypto exposure to UK retail investors right now.The path got narrow fast. The FCA lifted the retail crypto ETN ban in October 2025. HMRC then closed the stocks-and-shares ISA route at the start of this tax year, leaving crypto ETNs eligible only for Innovative Finance ISAs, which no mainstream platform offered. Stratiphy re-opened the door, partnering with 21Shares to offer bitcoin, ether, and the new BOLD bitcoin/gold hybrid inside an ISA wrapper.We get into the regulatory maze, whether Bitcoin is a lottery ticket or a real line item, and what launching into a 35% drawdown tells you about who your customers actually are. Plus: why the IFAs will come around whether they like it or not.Follow Dan on LinkedIn: https://www.linkedin.com/in/dan-gold-5186091b2/Learn more about Stratiphy: https://www.stratiphy.ioCHAPTERS:00:00 Tax-Efficient Crypto in the UK: The Short Story00:25 The Regulatory Sequence03:00 IFAs and the Education Gap04:00 Portfolio Construction or a Punt?05:30 Bitcoin: Lottery Ticket or Asset Allocation?08:00 Launching Into a Down Market09:30 Where Stratiphy Goes Next11:30 Sign-Off

Making Tax Digital for income tax is HMRC's biggest shake-up of self assessment for decades, but are you ready? The new system will involve filing quarterly updates as well as a final return via third party software. This year it'll affect 860,000 sole traders and landlords with a turnover of £50,000. In the coming years the threshold will fall, bringing a total of nearly three million people into the new system.Felicity Hannah is joined by Jonathan Athow, HMRC's director general for strategy and policy, to take listeners' questions about how it all works and what they need to do to prepare. We also hear from Emma Rawson, from the Association of Tax Technicians, a professional body for tax advisers.Presenter: Felicity Hannah Producers: James Graham and Rob Cave Editor: Jess Quayle Senior News Editor: Henry Jones(First broadcast 3pm Wednesday 1st April 2026)

In this episode of The Life of KG, Katie Godfrey talks about one of the most requested (and most avoided!) topics for business owners, VAT and tax.If you're a salon owner, aesthetic clinic, lash tech, brow artist, nail tech, hairdresser or training academy owner in the UK, this episode is a must-listen, especially if you're approaching the VAT threshold or already VAT registered.As your business grows, your tax responsibilities grow too. And while it can feel overwhelming, VAT registration is often a sign that your business is scaling successfully.Katie shares:·       What happens when you hit the VAT threshold in the UK·       How VAT registration works with HM Revenue & Customs (HMRC)·       The impact VAT has on your pricing and profit·       Common mistakes beauty business owners make with tax·       Why paying more tax usually means you're making more money·       The mindset shift required when stepping into CEO mode·       Why moving abroad (including to Dubai) doesn't eliminate financial responsibilityThis is an honest, straight-talking episode designed to remove fear around VAT and help you feel more confident managing the financial side of your business.If you've ever Googled:·       “VAT for salon owners UK”·       “When do I register for VAT UK?”·       “How does VAT work for service businesses?”·       “Why is my tax bill so high?”This episode breaks it down in simple terms, without jargon, without panic, and with real-life experience from someone who's navigated it herself.Remember: growth comes with new levels of responsibility. Understanding your numbers is part of becoming the CEO your business needs.If you enjoyed this episode, please subscribe, leave a review, and share it with another beauty business owner who needs to hear it.DM me “RETREAT” to find out more: https://www.instagram.com/kg_katiegodfrey/Get a FREE trial on Salon Success Manager App here: https://salonsuccessmanager.com/ 

In the hot seat today is Sean Davis, diving head into stories around his time at Fulham including seeing Michael Jackson, how bumping a taxi lead to the start of his career and an infamous argument about doing a naked lap around the training ground.  Coming through was part of the Fulham Wednesday club alongside the likes of Chris Coleman, Andy Melville, Kit Simmons & Lee Clark. Going out on Wednesday nights in Wimbledon is always a dangerous game when the assistant manager is driving around.  He talks candidly about his nightmare spell at Spurs the clashes with Harry Redknapp, being humiliated in training by Martin Jol, sending a rogue text from the physio's phone, and the heartbreak of being left off the bench for the FA Cup Final despite having eight tickets for his family. Sean also tells the story of the Kingsbridge financial scandal that devastated him and dozens of other footballers losing money he didn't even know was gone, HMRC turning up at his door, and the darkest moment of his life driving home from Oxford. Plus: the Eggy Buff king holds court, the card school that hid from Glenn Little, Dean Kylie punching him on the M27, and Mark Crossley timing how long it took bouncers to pull his trousers up. This show is sponsored by Talksport Bet Get £40 in FREE BETS at http://talksportbet.com/utc when you bet £10 18+ gambleaware.org T&Cs apply

This case in the Supreme Court centred around the meaning of the word 'on'. uklawweekly.substack.com/subscribe Music from bensound.com

This week on The Tax Factor, Suzanne Briggs and Heather Powell begin with a roundup of the top tax stories making headlines before moving into a discussion of several key property tax cases. These include a VAT dispute involving a nursery development and an SDLT case considering whether a property with extensive grounds could qualify for mixed-use treatment. The episode also looks at a main residence relief case where HMRC challenged the taxpayer’s position, but the tribunal ultimately found in their favour. The discussion highlights how fact-specific these cases are and how small details can make a significant difference to the outcome. Finally, Suzanne and Heather turn to the wider theme of increasing tax complexity, covering developments such as Making Tax Digital, landlord reporting requirements and broader proposals that could add further compliance obligations for taxpayers and businesses.See omnystudio.com/listener for privacy information.

In this episode of the MeaningfulMoney Q&A, Pete and Roger answer six listener questions covering a wide range of personal finance topics. We tackle a tricky inheritance tax situation involving a property bought in children's names, look at pension and ISA options for a daughter likely to spend her career working outside the UK, and offer some perspective on balancing financial sensibility with life's genuine passions. We also cover whether a minimal LISA contribution strategy actually works, how to manage the transition from 100% equities to a retirement asset allocation in the years before you stop work, and what income protection options exist for a young professional wanting to guard against long-term illness or injury. Shownotes: https://meaningfulmoney.tv/QA45  02:20  Question 1 Hello Peter and Roger (without a D) I am so pleased I discovered your podcast a few months ago, since then your words of wisdom accompany me on my daily dog walks and I have become the annoying older colleague in the office telling the younger colleagues about the power of compounding and contributing to the pension scheme. I have a rather unusual query I would really appreciate your view on and maybe the potential pitfalls we are experiencing would be of interest to other listeners as I have read lots of questions on-line about potential benefits of putting property in children's names. My parents retired to Spain 25 years ago, they cash-purchased a UK flat for when they come back 10 years ago. In a bid to avoid inheritance tax they bought this in mine and 3 siblings names (all in our late 40/early 50s). They did not seek professional  advice, just assuming it was the right thing to do, which could be the morale of the story. Sadly my Dad recently died and as executor of his will I have been looking into the UK assets. I realise now that this cunning plan does not work, as they regularly stay in the flat without paying rent. Therefore, it is classed as gift with reserved benefits and still included in the estate. However this is not an issue as they are well below the IHT threshold. The question I have relates to the future financial position that I think they have inadvertently created. My mum wants to sell up in Spain buy a house in the UK and then either rent the flat for some more income or potential sell it. But how does this work if the property is in our names? Can she legitimately take rent (with our permission) without it having income tax implications on us (I am higher rate so do not want this!). If she wants to sell it I assume it will be sales to us siblings so we will pay capital gains (but what rate? we are a mix of tax brackets and one of my sisters doesn't own another house.) She says she might be best just transferring into her name, but I don't think it will be that easy and we will still be liable for capital gains as it will effectively be a sale to her. Is there something we have missed here and is it something we should be concerned about? Or is it OK to leave as is and let her keep to draw down income. Could it be the right thing to do and having the property in our names be simpler to resolve when she dies? I am hoping your soothing Yorkshire/Cornish tones can reassure me all will be OK. Vicky a faithful listener.   11:24  Question 2 Hi Pete and Rog I only discovered the podcast fairly recently, but have been following your web-based lessons on Meaningful Money for a while (and have read the books). I am really loving the podcast - so many back episodes to listen to! Super-informative, and your dulcet tones are also very soothing! My question is to do with advice for an adult child who is likely to spend her career working outside the UK. My husband and I are both late 50s and technically have reached FIRE (years of finance-nerdery despite relatively low incomes) but I am still doing consultancy because I quite enjoy it. Our older three children are all getting established in their careers, and I've brainwashed/ educated them in the ways of financial sensibleness, so they're all set up with emergency funds/S&S ISAs/employer pensions/SIPPS. Our youngest daughter is studying at university in Poland (the kids and I all have dual Polish/UK citizenship, as my mum was Polish). This means my daughter can work anywhere in the EU, and although she will always have strong ties to the UK, it's looking as if she is more likely to work outside the UK once she graduates in summer 2026. This opens up a whole new world of options in terms of setting her on a path to financial security, and there's quite a lot of conflicting information  - I would really appreciate some input on what are likely to be the best options for someone in this situation. At the moment she's 'ordinarily resident' in the UK, on the electoral roll etc., but doesn't have any UK income. Can she make pension contributions in the UK even if she's working elsewhere? I assume she still has an ISA allowance if she's a UK citizen working abroad, but a LISA would make less sense if she's not likely to buy a UK property? I am self-employed via a limited company and she has occasionally done bits of tech support for me, so she could register as self-employed in the UK and bill me for that - would that count as UK employment? My accountant is super-scrupulous, so I'm not interested in anything that might be sailing even vaguely close to the wind in HMRC terms. I would appreciate any thoughts on this perhaps slightly non-standard situation, although I assume there must be quite a few other people out there with dual UK/EU citizenship who might be facing similar questions? Many thanks, Felicia 19:06  Question 3 Dear Pete and Roger. I listen to your podcast all the time and it keeps me right. It has really helped me navigate my financial literacy or lack thereof. I am now in a situation where I have much better understanding of what I need to be doing with my money, and have made sense of all financial decisions such as paying into my workplace pension, owning my own home, and I have a recently paid job and some side projects which earn me a little. My question is, I think, a search for a validation of my life choices! Basically, despite having a good job and owning my own home outright, I am still struggling to budget every month. This is because I have made a terrible financial decision of owning two horses. These horses are my pride and joy, but the financial strain of it does make me feel guilty in terms of the distribution of spending between me and my husband. I spent about 600 a month on the horses, give or take a bit each month. Do you have any words of wisdom about how to balance being sensible with money Vs 'investing' in my life passions? I don't think I'll ever give up the horses, so it's more about whether I continue to stress about it or not. Many thanks for your wisdom as always Josie   25:20 Question 4 Thank you for all the great content! I have a LISA question for the podcast in relation to my 25 year old son? He currently lives with me in SW London and is saving to buy his own place. I love having him stay and I am in no rush for him to move out. He/we decided not to go with a LISA because he is likely to buy a property in or around London and we are concerned about the £450K cap which I believe has remained fixed since 2017. He is very motivated, ambitious and hard working and has already had several promotions with an opportunity to work in the US next year. He has already saved £50K for a deposit and I intend helping him too. He is not in a rush to buy as it feels like the property market is no longer running away from him.  He told me he thinks it makes more sense to enter the property market on the second rung of the ladder rather than the first as it costs so much to move with stamp duty, fees etc. So perhaps a 2 bed in a nice(ish) area rather than a starter home (and renting the second bedroom to a friend). I think I agree with him, especially if he ends up working in the US for an unknown period of time.  A 2 bed in a nice(ish) area where he actually wants to live would cost more than the £450K cap which is why we are reluctant to use the LISA for saving for his first home (I understand it can also be a pension investment but he is already contributing to his workplace pension). However, I have in my head a bug that says he can put minimal contributions into a LISA each year (say £5) which he could top up retrospectively if he changes his mind and does find somewhere to buy for under £450K. Am I correct? Your thoughts would be much appreciated. Michelle 29:04 Question 5 Hi Pete and Roger Thanks so much for all the work you do, I've only found the podcast recently but already enjoying learning more and thinking about things differently. My question relates to saving for retirement and specifically the period leading up to retiring.  Nearly all of our (mine and my husband's) pensions are in SIPPs where we have been happy to be 100% equity, in global index funds. We are now maybe 7-10 years from the point where we could retire, and I've been able to research withdrawal strategies to the point where I'm confident managing that when we get there.  We have determined our target asset allocation split between equities / bond funds / individual gilts and money market funds for the start point of retirement. I haven't been able to find much information about the period of transition from 100% equity to the asset allocation we want in place for the start of retirement.  Obviously it's a balance between reducing exposure to volatility as we approach retirement and accepting a drag on the portfolio caused by the increasing allocation to cash and bonds and my instinctive (but not evidence-based!) approach would be to gradually move from one to the other over a number of years. So my question is this - is there a better approach than just a straightline shift from one to the other?  How far out from retirement is it appropriate to start making the transition?  The best advice I can find online is just to pick whatever makes you feel comfortable and do that but surely there must be some more robust guidance out there?  I appreciate it might not be a one size fits all answer but would appreciate your thoughts on how to approach this. The one piece of advice I do seem to have found is that however we decide to do it, to stick to a predetermined schedule to avoid temptation to try to time the market - does that sound sensible or have I missed the mark on that? Thanks so much for any help you can give. Fran   35:26  Question 6 Hey Pete & Roger, Thank you for the great podcast! I have a question about income protection insurance. I'm quite young (25 - probably among your youngest listeners!), no dependents, renting with my partner, and am fortunate enough to have a well paid job and a promising future career. I recognise that my biggest asset is my future earning potential and would like to protect that in case of the worst. I have a 6 month emergency fund, healthy amounts (for my age) invested across ISAs and pensions, and my work offers 50% loss of income protection for accident or illness for 3 years, which is all great. My question is - to what extent should I think about trying to protect against the tail risk of not being able to work for >3 years, possibly till pension age? This is of course quite unlikely, but would be very detrimental if it were to occur - the exact sort of place where insurance would make sense. However I can't seem to find any insurance policies with such a long deferral period and I can't "double up" by having a shorter referral period. So, do such products exist, and if not are there any alternatives other than just accepting that risk and re-evaluating if and when my circumstances change? Is this even a reasonable risk to be thinking about, or is it overkill? Is there anything I should think about that I may be missing? Many thanks, Sarah *Affiliate - https://meaningfulmoney.tv/lifesearch 

Changes are being made to Child Benefits. Hywel Davies has been hearing from HMRC how the new change could affect you, and how you can make sure you're getting the correct benefits that you're owed.You can find more information on the gov.uk website - Child Benefit: How it works - GOV.UK

UK Dentists: Collect your verifiable CPD for this episode here >>> https://courses.dentistswhoinvest.com/smart-money-members-club———————————————————————Your dental limited company can be brilliant for control and planning, but it can also leave you staring at a growing bank balance you cannot access without a hefty tax hit. We sit down with specialist dental accountant David Hossein to lay out the real-world options for extracting wealth tax efficiently, from the basics (salary, dividends, expenses) to the lesser-known moves that can make a meaningful difference over time. We get specific on what HMRC typically accepts, what needs evidence, and what tends to cause trouble. That includes the £100,000 income cliff edge, how employer pension contributions can reduce corporation tax, and the practical checklist of allowable expenses many UK dentists miss. We also dig into the grey areas listeners always ask about: course travel, business meetings, employing family members, directors' loans, trivial benefits, and why vouchers are not treated as “non-cash” in the way people assume. If you are investing through companies or thinking about buying or selling a practice, this matters even more. We explain why property often sits in an SPV, how intercompany loans work, and the “trading company vs investment company” trap that can put Business Asset Disposal Relief (BADR) at risk. For principals, we outline planning ideas around share sales, holding companies, substantial shareholding exemption, and even how surplus cash might be treated on a sale when contracts are drafted correctly. If you find this useful, subscribe, share it with a colleague, and leave us a review so more dentists can find smarter, calmer ways to handle tax and build long-term wealth.———————————————————————Disclaimer: All content on this channel is for education purposes only and does not constitute an investment recommendation or individual financial advice. For that, you should speak to a regulated, independent professional. The value of investments and the income from them can go down as well as up, so you may get back less than you invest. The views expressed on this channel may no longer be current. The information provided is not a personal recommendation for any particular investment. Tax treatment depends on individual circumstances and all tax rules may change in the future. If you are unsure about the suitability of an investment, you should speak to a regulated, independent professional. Investment figures quoted refer to simulated past performance and that past performance is not a reliable indicator of future results/performance.Send us Fan MailSend us Fan Mail

In this Meaningful Money Q&A episode, Pete Matthew and Roger Weeks answer six listener questions on UK personal finance, pensions and investing. We cover inheritance tax (IHT) and who actually pays it, a defined benefit pension "state pension deduction" before State Pension age, and whether salary sacrifice affects higher-rate tax relief. We also discuss whether global tracker funds are too concentrated in the US, how offshore investment bonds compare to a general investment account (GIA), and how IHT taper relief works for gifts and the nil-rate band. Shownotes: https://meaningfulmoney.tv/QA44  03:40  Question 1 Hi Pete and Roger, I have been really enjoying your podcast and have learned so much about finance, tax and investments that I did not know before. I enjoyed your episode on inheritance tax. I have a question regarding inheritance tax and what happens if beneficiaries are unable to afford to pay it. My parents are wealthy with three properties (mortgages all paid off) and a large private pension, my parents also had a limited company which they used to maximise their earnings by minimising tax. However, me and my brother are average in the financial sense, where we have "normal salaried jobs", as my father would say. We earn far less than him and hence have much less assets. I own a house but have most of the mortgage left to pay because I only bought it last year. I am also single and live alone on my single income. My brother rents a flat and spends most of what he earns and has no concept of saving/future plans or investments, he does not even have a pension. I am under the assumption that the IHT has to paid first before the inherence is released, rather than IHT simply being deducted from the actual inherence itself before distribution? When I look at the total of my parents assets, me and my brother have no where near enough money to be able to pay it, due to the large gap in wealth between us and my parents. I tried to discuss this with them a few times but was fobbed off. They don't have any plan in place, all they have is life insurance to cover each other should one party die, and a simple one page will including just each other and us, no extended family. My brother and mum have no clue about money, and my dad who is in charge of the finances has multiple health problems of late. I am anxious of the day when I will be asked to pay tons of IHT which I might not be able to able to afford, especially because I am single and have my own bills and mortgage, I can't afford another loan. Is there a way to get around this or reduce the burden? If I cannot afford to pay the tax, can I simple "run away" from the situation and decline being a beneficiary, hence shoving the responsibility of IHT onto other family members? I don't really understand the process of probate, and whether my parents life insurance would pay it, but it seems to be that it pays out to the spouse should the other die, so I assume this would be added to the total assets and hence increase the tax burden should the other die? My parents don't seem to be bothered and are reluctant to discuss this so I am unsure what to do. How do "average/mediocre" kids like me and my brother usually deal with the tax from being born into a wealthy family? Sorry if this is a silly question, but I would appreciate any words of financial wisdom. Many thanks, Lava 13:08  Question 2 Hi Pete and Roger, I hope this message finds you well. As an avid listener of your podcast for the past couple of years, I want to express my gratitude for the way you break down financial and pension topics that can often seem overwhelming. Your insights have been invaluable to me. I wanted to share a personal experience and seek your views on it. After dedicating 42 years working at M&S, I am now approaching 60 and preparing to take my pension later this year. While I am proud of my long service, I've encountered an unexpected surprise in my pension arrangement. I have a Defined Benefit (DB) pension valued at around £9,000. Per year. However, upon receiving my pension quotation, I discovered that the scheme is structured to pay me this amount only until I reach 65 years of age, after which it reduces by approximately £2,200, a 24% reduction. This reduction is based on the assumption that the State Pension will compensate for the difference. However, with the State Pension age being pushed back, I will experience a reduction in my income before the State Pension begins when I turn 67. This situation feels particularly unfair, especially given that at M&S, there are a significant number of women who are lower-paid workers. The unfairness is further accentuated by the fact that the reduction is a fixed sum, irrespective of one's earnings. This fixed sum reduction impacts lower-paid and part-time workers disproportionately. I would greatly appreciate any insights or advice you might have on how to navigate this issue. Thank you once again for the fantastic work you do. Your podcast has been a tremendous help in making sense of pensions and finances. Best regards, Joan   20:06  Question 3 Hi Pete and Roger, Discovered the podcast and book a few months ago while trying to get more organised with life admin and planning for the future. Enjoying working through the back catalogue of the past seasons on the podcast and that's been very helpful - thank you. I do have a question about salary sacrifice/exchange in a workplace pension around tax brackets. As I got a promotion at work a few years ago I ended up moving into the higher 40% tax bracket so I adjusted my pension contributions - my workplace offers salary exchange for pension contributions - to bring my adjusted salary to below £50k and stay within the 20% income tax bracket and also saving on National Insurance contributions and tax relief. However, last year, another promotion led to another increase in salary and several things going on such as buying a house meant that I hadn't adjusted the pension contributions enough and my adjusted salary was above £50k and a portion of that was taxed at the 40% rate. Question I have is can I claim back the tax at the 40% rate from HMRC or does the salary exchange mean that I have already had the maximum tax relief applied? Thanks and keep up the good work, Simon 23:42 Question 4 Hi Pete and Rog, Only just discovered the pod and loving it! You advocate global trackers and I can see why, as they are cheap and simple and have the appearance of diversifying risk. But do you not worry about putting 60-70% of your money in one market (the US), which is what a global tracker does? I understand that you're letting the market determine how your capital is allocated, but what is 'the market' when so many other people are also just investing in global trackers? It seems to me there is not enough price discovery and trackers may be chasing a bubble. Would love to get your views. Cheers guys. Will https://www.timeline.co/resources/indexing-the-paradox-of-concentration-of-return  Adviser 3.0 Podcast episode on YouTube: https://www.youtube.com/watch?v=A-Y4jVxDLL4  30:09 Question 5 Dear Roger and Pete Huge fan of the show! I had a question about offshore investment bonds. I'm an additional rate taxpayer and after contributing to pension and ISA, am then looking at what could come next. I've seen offshore investment bonds as an option, however I'm struggling to see how they would deliver a better outcome (assuming the same underlying investments) than simply using a GIA, and selling down the investments once I stop work. Thanks again, Matt Investment Bonds: https://www.youtube.com/watch?v=_q5HBoXmekI  35:28  Question 6 Hi Pete, Roger and Team, Firstly, thanks to you all for the amazing podcast, I have been listening for years and it has given me the confidence to manage my finances. I spread the word to all who will listen! My question is regarding tapering with relation to gifts and IHT. The scenario is this, a person is gifted a fairly substantial sum (say £100k) but less than the £325k personal allowance. The person who gifted the sum then dies at 6 years post gift. The persons estate is say £750k. In this case does tapering occur? Even though the gift is less than the £325k the whole estate is well over the personal allowance. Would IHT be paid on the sum over £325 with tapering on the gift? For example £325k IHT free due personal allowance, £100k at 6% taper relief with the remainder at normal IHT rates? Hopefully that's a short enough question! Many thanks, Alastair

If you're a UK beginner and you're not sure where to start investing in 2026, Pete and Roger talk you through a calm, step-by-step investing order to follow. They cover when to build a buffer, tackle expensive debt and use employer pension matching, plus how to choose between a Stocks and Shares ISA and a pension. You'll also hear the key beginner mistakes to avoid so you can invest with confidence and stay the course. Shownotes: https://meaningfulmoney.tv/QA43  02:00  Question 1 Hi Pete and Roger I'm late to investing but thanks to your informative and entertaining podcasts and books - I feel on track to at least a decent retirement. I'm on a £60K salary and currently manage to contribute around £25K annually via salary sacrifice - which keeps me happily and comfortably within the 20% Income Tax bracket. However, with the Salary Sacrifice Cap coming in April 2029, I will end up in the higher-rate tax bracket. I was thinking about using my employer's Car Benefit Salary Sacrifice Scheme to help bring down my taxable income – whilst still maintaining the maximum salary sacrifice and utilising Relief at Source my AVC. I'm fully aware of the saying "don't let the tax tail wag the investment dog" but I was planning on getting a car in 2029 – when my mortgage is completed – so this might be a good alignment. My question's are: Can you confirm whether the Salary Sacrifice Cap applies to pensions only — and does using the car salary sacrifice scheme seem like a sensible idea in this context? Is there anyway that paying into my AVC via Relief at Source and claiming the higher-rate relief via Self-Assessment would result in HMRC issuing me a new tax code for the following tax year. Keep up the good work – and all the best to you and your families for the festive season. Thanks, Cris 06:43  Question 2 Hi, I recently came across your podcast and have not stopped listening to all the older episodes, and look forward to the new ones each week. Keep up the great work! I'm a 53 year old business owner looking to exit my business within the next 3 years via a sale and hope to receive around £1.5 - £1.8m from my share of the proceeds after tax. My wife is 8 yrs younger than me and will probably still be working doing some consultancy work. She has her own pension and savings in ISA's (currently a combined pot of around £250k which will hopefully grow over the next 10+ years) but we wouldn't need to access that till much later as required. My 2 questions are: 1. What would be the best way to invest the lump sum from the sale of my business to provide an income to support my retirement without having to necessarily eat into the capital or touch too much of my savings / pension early on as it will need to provide for my wife and I for quite a few years if we retire / semi retire in our mid 50's. Having looked at our living costs we would need around £60k p.a - albeit to live comfortably. Any holidays / large purchases etc could be funded through savings. 2. How would you prioritise what pot of funds you use first to make it the most tax efficient, enable growth and ensure that the pots do not run out. Given the new IHT rules on pensions is it now wise to use those first including the 25% tax free lump sum or use the ISA's / savings first leaving the pensions to continue growing in their tax wrapper. Thanks, Jeremy Meaningful Academy Retirement Planning: https://meaningfulacademy.com/retirementplanning  14:53  Question 3 Hello Peter and Roger You answered a previous question for me on the podcast so thank you for that, and I hope you don't mind me asking another one! We're in the very fortunate position of being able to pay the full £60,000 annual allowance into my pension scheme this tax year and are considering making additional contributions using unused allowance from previous years.  I understand that the total contribution we could make would still be limited by my annual salary this tax year - my question relates to how that is defined. The contributions are made using a combination of salary sacrifice into my work scheme and lump sum contributions to my SIPP which is separate from the work scheme.  So, would my "salary" that would be the limit for total contributions be the salary before salary sacrifice or after?  And is the "salary" further reduced by the contributions to the SIPP, as I believe my adjusted net income for calculating tax bands is? Perhaps some hypothetical numbers would help.  Let's say my gross salary before salary sacrifice is £125,000 and I salary sacrifice £25,000, and my employers' contribution is £5,000.  Let's say I also pay £24,000 by bank transfer into my SIPP, so I'd receive £6,000 of tax relief into the SIPP.  If I've understood it correctly, my adjusted net income for tax purposes would be £70,000 (which is £100,00 salary after salary sacrifice minus £30,000 gross contribution to SIPP).  In total, £60,000 has been paid into my pensions which is the full annual allowance for this year. If I had £120,000 of unused pension allowance from the previous three tax years, what is the maximum additional amount I could pay into my SIPP this tax year?  Is it £65,000 gross (so £52,000 net), to bring the total paid into my pensions up to £125,000, my pre-sacrifice salary?  Or £40,000 gross (so £32,000 net), to bring the total paid into my pensions up to £100,000, my post-sacrifice salary?  Or some other amount, if the salary that counts for this year is limited to the adjusted net income? Thanks so much for your help - I know it's a bit technical but I can't seem to find the answer anywhere! All the best, Fran   19:33 Question 4 Dear Pete and Roger, I've been listening to the podcast for years now, and it always makes my Wednesday commute more enjoyable. Every time I hear your names together, I think of The Who, so thanks for all you do, helping people of My Generation become Finance Wizards and make smarter decisions so we don't get Fooled Again. I'm 34, and after working in the small charity sector since university, I've accepted a role in a larger organisation which comes with a significant pay increase, taking my income over the Higher Rate threshold. As I step into this new tax band, what reliefs, allowances, or financial planning considerations should I be thinking about? In particular, I'm aware there are some reliefs (particularly for Gift Aid donations and pension contributions) that I will be able to claim through self assessment; do they 'compete' with each other in any way, or can I claim the full relief on both? Thanks for all you do, Tim   23:40  Question 5 Pete & Roger Great podcast - don't ever retire! I've just started receiving my state pension (now you know how old I am) but I was wondering how I can check that the government are paying me the correct amount. I have more than a full set of NI class 1 contributions but I've also had some years contracted out and some years working abroad in a country with a reciprocal arrangement with the UK (which I've claimed for). The government just sent me a statement telling me how much I would get paid without any detail behind it. How can I check that they have made the correct deductions for contracting out and the correct additions for my time abroad? Call me cynical but I don't always trust the government to get these calculations right. Many thanks, Glen   26:58  Question 6 Hi,  great show by the way, very informative, it has certainly helped me and I'm sure is great help to many others. My wife Michelle is planning to retire at the end of March, age 58.5.  She is self employed, a relatively low earner and finds the work tiring now. I myself am 56 soon and likely to work another 2 year (max), I am luckily enough to receive a decent salary and have above average pension provision. Michelle has the following pension savings -  £143k in bank savings (not isa), £130k S&S ISA, £118k SIPP - all combined £391k. I realise markets are high at the moment. Plan to use 4% rule and reduce when State Pension kicks in (have full NI Contributions). So assuming want £15k pa (and rise annually with inflation), my query (that many others may have) is it best to use the cash or the ISA or the SIPP first or mix it up?  Michelle is very unlikely to have to pay income tax, until State Pension triggers at 67. Any advice much appreciated, Jason  

Can you claim parking expenses as a dentist? What about a coffee machine for your practice—could that really be deductible? Or investing in a MSc in Implantology—does that count as a tax write-off? In this episode, chartered accountant Sebastian Stracey joins Jaz to answer all those “am I naughty if I claim this?” questions that dentists and associates always wonder about. Together, they cover what's truly deductible, what isn't, and some surprising exceptions you might not expect. They also dive into the bigger picture—how principals and associates really compare in terms of income, stress, and responsibility—and Seb shares insights that might change the way you view your career path. https://youtu.be/BW_TZ5iZ-B8 Watch PDP261 on YouTube Protrusive Dental Pearl Check out our free Financial Resilience Webinar Replay on Protrusive Guidance, where Dr. Sunny Sadana and I discuss associate contracts, case acceptance, investing, and fee setting. Key Takeaways: Dentists often forget to claim mobile phone bills as expenses. Home office usage can be claimed, especially for associates. Keeping detailed mileage logs is crucial for claiming travel expenses. Laundry and cleaning expenses for scrubs can be claimed. Communication with your accountant is key to maximizing claims. Continuing education expenses can be gray areas but may be allowable. Gathering evidence for claims is essential to justify them to HMRC. Specialization programs can be claimed if they build on existing knowledge. Fixed fee services for accountants are beneficial for associates. Always discuss your situation with your accountant to ensure compliance. Many new dentists struggle financially during their training. Understanding tax obligations is crucial for financial stability. VAT regulations can be complex, especially for cosmetic treatments. It’s important to save for tax throughout the year, not just at the end. Common misconceptions about tax deductions can lead to financial pitfalls. Dentists should engage in financial education early in their careers. Expense claims can be tricky, especially for gifts and personal items. The distinction between personal and business expenses is vital for tax purposes. Associates and principals have different financial realities in dentistry. Communication and education about finances are essential for dental professionals. Highlight of this episode: 00:00 Teaser 00:42 Introduction 02:06 Pearl: Free Financial Resilience Webinar Replay 04:45 Meet Sebastian Stracey 06:56 Common Missed Expenses 13:57 Home Internet Claims 16:49 Asking Accountants Questions 19:07 Claiming Masters Courses 26:31 Specialist Training Costs 27:30 Midroll 30:41 Specialist Training Costs 33:28 Saving for Tax Bills 36:36 VAT on Cosmetic Work 40:06 “Am I Naughty If?” Questions 49:10 Wild Expense Attempts 50:11 Ways Dentists Can Learn More About Tax and Finance 51:56 Associate vs Principal Numbers 53:39 Outro Get expert financial guidance for individuals and businesses with Humphrey & Co—your trusted partners in taxes, planning, and business success Learn strategies for career security, smart investing, and building wealth—watch Personal Finances for Dentists (IC068) #PDPMainEpisodes #BeyondDentistry This episode is eligible for 0.75 CE credit via the quiz on Protrusive Guidance.  This episode meets GDC Outcomes B. AGD Subject Code: 550 – Practice Management and Human Resources Aim: To outline common allowable and non-allowable expense claims for dentists and highlight the importance of documentation, communication with accountants, and financial planning. Dentists will be able to – Identify commonly missed claimable expenses in dental practice. Recognize expenses that are not allowable under tax rules. Understand the importance of documentation and communication with accountants when claiming expenses.

This week on The Tax Factor, John Bull and Annie Hughes discuss a wide range of tax developments, starting with HMRC’s Tax Confident campaign. They explore what the initiative is designed to achieve and how it fits into HMRC’s broader strategy around compliance, engagement and taxpayer behaviour. The episode also revisits the Tom Goldstein case, following the recent jury verdict in a story previously covered on the podcast. John explains what the outcome means and why the case has attracted such significant attention. They also analyse the “Charge My Street” v HMRC decision on the VAT treatment of electric vehicle charging points, before turning to the upcoming FIFA World Cup in North America and the various tax scenarios that arise when major sporting events span multiple jurisdictions.See omnystudio.com/listener for privacy information.

FOLLOW UP: EU INDUSTRIAL ACCELERATOR ACT REVEALEDThe EU Commission has unveiled the draft Industrial Accelerator Act, which is aimed at making Europe a powerhouse and self contained when it comes to green energy related industries, including automotive. To read more about the proposals, click this electrive article link here.By the fact that so much of the act is pointed inwards to EU countries, this has caused fear in the UK automotive industry that they will be penalised thanks to the idiocy of Brexit. Nissan has declared if there is not agreement on UK built cars then it will close Sunderland. Click this Autocar article for more.FEBRUARY 2026 NEW CAR REGISTRATION FIGURESSMMT released the new car registration figures for February 2026 and there was a surprising number of vehicles registered, with this being the best February since 2004. BEV market share is no where near where it needs to be as it sits at 22%, lower than last year, with the mandate requirement of 33%. SMMT called on the Government to urgently look at the mandate in the face of market reality. You can learn more, by clicking this SMMT article link here.TRIBUNAL SHOWS PUBLIC CHARGING VAT SHOULD BE 5%In a tax tribunal, Deloitte proved how the public charging VAT rate should only be 5%, using HMRC's own rules. The use, by an individual, of no more than 1000kWh over a month is classified as “personal use”. To go over this, using public charging, would be very difficult in a EV. To find out more, click this EV Powered article link here.TESLA EU CO2 POOL USERS DECLINEThe EU allows car companies to buy and sell CO2 credits so that companies can avoid hefty fines for not meeting average fleet levels. Tesla has benefited hugely from this, however that is now changing as Toyota and Stellantis leave their pool. If you wish to read more, click this electrive article link here.SUZUKI BUYS SOLID-STATE BATTERY FIRMSuzuki has bought Kanadevia, a company that has been developing solid-state batteries for 20 years. This is a great move by one of the smaller Japanese brands and if batteries can be made affordable at scale, this will help them be competitive or even steal a march on others. Click this electrive article link here, to read more.WRIGHTBUS SELLS 31 EBUSES TO THE ISLE OF WHITEWrightbus is providing 31 double decker electric buses for use on the Isle of White. Using funding from a combination of local and central government schemes, they will help move the islands public transport to being a cleaner service. You can read more by clicking this electrive article link here.ELECQ HIT BY CYBER ATTACKELECQ, a Chinese home and business smart charger company, has been hacked with customer details being accessed. They operate in the UK and Europe and have informed data protection organisations. The company state that their chargers and systems are working and are protected. For more on this story, click the link here from The Register.If you like what we do, on this show, and think it is worth a £1.00, please consider supporting us via Patreon. Here is the link to that CLICK HERE TO SUPPORT THE PODCASTNEW NEW CAR NEWS -Genesis GV60 MagmaGenesis has revealed their first performance car that we can buy, with the very orange GV60 Magma. Sharing a lot of the underpinnings with the Hyundai Ioniq 5N expect similar levels of go and stop. Click this EV Powered article link to read more.GM Specialty Vehicles UK launchedGM Specialty Vehicles UK will be importing the large and “luxury” models from the General Motors stables. Think along the lines of the Suburban, Cadillac Escalade and Chevrolet Silverado. The cars will be left hand drive but all requirements to be UK legal will be undertaken by dealership Clive Sutton. Click this Motoring Research article link for more.Lamborghini Lanzador killed offBefore the Lanzandor even made it to market, it has been killed off. The official statement is that it is due to a lack of customer demand for such a vehicle. But it was to share the underpinnings from Porsche but they canned their development meaning Lamborghini would not have anything to make the car from. Click this Motoring Research article to learn more.LUNCHTIME READ: THE GREAT DISGRACEHagerty supply the article we are recommending that you read this week, thanks to Jim Magill for suggesting it! The piece discusses the shocking state of our roads and how that has impacted people's desire to drive. Click the link here to read it for yourself.LIST OF THE WEEK: 25 OF THE COOLEST MID-ENGINED CONCEPT CARS THAT NEVER MADE PRODUCTIONTop Gear is where we are pointing you to for the List of the Week. And boy, is it a CRACKER! Check out 25 concept cars and try to pick on from this wonderful list. Click here to get overwhelmed by the options!AND FINALLY: CAR SONGSaturday Night Live has produced a song that shows the wider population have had enough with silly and dangerous door handles. Click this YouTube link to see for yourself.

Send a textThe Booksmith an aid to MTDWelcome to the Lockdown Farriery Podcast. In today's episode, we're talking about something that affects every farrier in business: bookkeeping, accounts, and the dreaded Making Tax Digital. I'm joined by Mark Barnard, a fellow farrier and AWCF, along with Charlie and John, the creators of The Booksmith. Together, they've developed a solution specifically designed for farriers to manage their finances and stay compliant with MTD requirements. If you've ever struggled with paperwork, bookkeeping, or understanding what HMRC actually wants from you, this conversation is going to be invaluable. And if you want to find out more after the episode, head over to www.thebooksmith.co.uk. Let's dive in.Support the show

It's EV News Briefly for Monday 02 March 2026, everything you need to know in less than 5 minutes if you haven't got time for the full show.Patreon supporters fund this show, get the episodes ad free, as soon as they're ready and are part of the EV News Daily Community. You can be like them by clicking here: https://www.patreon.com/EVNewsDailyBMW USA SHOP LEAK POINTS TO 2027 LINEUPA leak on BMW USA's online shop revealed two fully electric i3 sedan variants — the i3 40 xDrive and i3 50 xDrive — confirmed for the US in 2027, sharing the Neue Klasse platform with the iX3 and featuring Gen6 batteries, 800-volt hardware, and an iDrive X interior. The 2027 lineup also adds a first-ever iX4 coupe-SUV in two variants, an iX3 in three configurations launching in North America this summer, an electric iX5, and an i3 M60 alongside a full electric M3 positioned as the spiritual successor to today's M3 Competition.TESLA BERLIN RUNS HALF FULL AS UNION ROW SIMMERSTesla's Gigafactory Berlin produced 211,235 vehicles in 2024 against a stated annual capacity of 375,000 — a 56% utilisation rate — and output has since declined further, with the factory now reportedly running at around 40% capacity and BYD outselling Tesla in Europe in January 2026. Labour tensions are deepening ahead of works council elections, with IG Metall pursuing collective wage agreements similar to those at Volkswagen and BMW, while Tesla filed a criminal complaint against a union member and Elon Musk warned that "outside organisations" could hinder the site's ambition to become Europe's largest factory complex.T&E: LOCAL BATTERIES COULD CUT COST GAPA Transport & Environment report argues the EU can shrink the cost gap between domestically made and Chinese batteries from 90% to around 30% through scaled-up local production, with higher automation and lower scrap rates potentially cutting the gap to $14 per kWh by 2030 — equivalent to roughly €500 on an average EV. The findings align with the EU's forthcoming Industrial Accelerator Act, which targets ~70% local content thresholds for publicly supported EVs, though some carmakers warn this risks making batteries prohibitively expensive while T&E's Julia Poliscanova calls it "a sovereignty premium worth paying," particularly given China's export restrictions on critical minerals.TRIBUNAL BACKS 5% VAT ON SOME PUBLIC CHARGINGA UK tax tribunal has ruled against HMRC in a case brought by community charging operator Charge My Street, finding that a de-minimis clause in the VAT Act 1994 — capping "domestic" supplies at 1,000 kWh per month per customer — can qualify most neighbourhood charge points for the 5% reduced VAT rate rather than the 20% rate currently applied to public charging. The ruling is significant for drivers without off-street parking, though it also raises commercial complications, as many charge point operators have multi-year contracts priced on 20% VAT, and it opens the door to networks gaming the threshold by splitting sites or charger banks into separate "premises".ŠKODA OPENS €205M CTP BATTERY PLANT IN CZECHIAŠkoda has opened a €205 million (~$216M), 55,000 m² battery production facility at Mladá Boleslav, making it the Volkswagen Group's largest BEV battery system site and the first VW Group plant in Europe to manufacture cell-to-pack (CTP) systems at scale. The line produces over 1,100 battery systems per day — targeting up to 335,000 annually — and Škoda's switch to LFP cells has cut battery production costs by 30% compared to its previous MEB systems.MG CLOSES IN ON EUROPEAN FACTORY PLANMG has narrowed its European factory search to five countries, aiming to begin production by 2027 to circumvent the EU's 45% tariff on Chinese-built BEVs — a levy that caused MG's European BEV sales to fall 33% to 48,479 units last year, even as overall European sales rose 26% to 307,282 units in 2025. MG Europe head William Wang declared "it's time to build local," positioning the brand as a European marque rather than a Chinese import, as rivals BYD, Chery, and Leapmotor also race to establish European manufacturing footholds.CITROËN UPDATES C5 AIRCROSS PHEV FOR EURO 7Citroën has refreshed the C5 Aircross plug-in hybrid with a new 21.5 kWh battery (17.8 kWh usable), delivering up to 96 km (60 miles) of WLTP combined electric range — a 33% improvement over the outgoing model and ahead of rivals like the Peugeot 3008 Hybrid4 (69 km) and Ford Kuga PHEV (64 km). Priced in the €40–50k range, Citroën positions the updated C5 Aircross as one of the most tax-efficient family SUVs in the mainstream segment across EU markets while still targeting Euro 7 compliance.CANADIAN TRIAL PEGS ELECTRIC SEMI SAVINGS AT $157,126A real-world Canadian trial by FPInnovations' PIT Group and Transport Canada tracked two commercial fleets over 12 months and more than 200,000 km of Montreal-area operations, projecting savings of $157,126 per truck over six years — described as the most comprehensive dataset of its kind outside controlled demonstrations. The study compared the Freightliner eCascadia (BEV) directly against the diesel Cascadia and found that despite the electric truck's higher purchase price, higher-than-expected maintenance costs, and lower residual value, a six-year saving still emerged and may prove conservative.DENZA D9 ELECTRIC MPV ARRIVES IN AUSTRALIADenza has launched the D9 electric MPV in Australia from A$85,990, powered by a 103.3 kWh Blade Battery with 200 kW DC fast charging, 11 kW AC charging, and V2L capability across both variants, all built on BYD's e-Platform 3.0 with a cell-to-body battery structure. The seven-seat, three-row cabin targets the premium end of the people-mover segment with nappa leather, open-pore white ash wood trim, a 14-speaker Dynaudio sound system, adaptive suspension, and second-row captain's chairs offering over 900 mm of legroom, massage, and individual screens.CHINESE CAR BRANDS SPLIT US BUYERSA Cox Automotive survey of 802 prospective US car buyers found the country almost evenly divided — 38% would consider Chinese brands if available, 39% would not — with Gen Z showing notably higher openness at 69%. Chinese brands remain locked out of the US market by high tariffs and software regulations, but cost pressure is a key driver of interest, with 68% of open buyers expecting lower prices against an average new car price of $50,000, while BYD has already surpassed Tesla in European EV sales.

US equity markets are lower, with S&P down 0.2%, following mixed performance on Thursday. Bonds firmer. US 10-year benchmark down 1 bp at 4%. Gilts 2 bps lower at 4.3%. Bund eases to 2.7%. Dollar softer versus European majors, little changed versus yen. Oil up. Gold flat. Industrial metals higher. Bitcoin weaker. UK politics likely to get some attention after Greens won the Gorton and Denton by-election in greater Manchester, with Reform coming second. Further reports highlighting the likelihood of a very lowkey fiscal update from Chancellor Reeves next Tuesday, as she seeks to end cycle of policy speculation. Update from the UK National Audit Office showed HMRC collected extra £16B from biggest firms last year via a more hands-on approach.Companies Mentioned: Warner Bros. Discovery, Partners Group Holding, CPPIB, Equinix, Alphabet, Meta

In this episode we answer listener questions covering emergency funds for higher and additional rate taxpayers, and inheritance tax considerations around beneficiary SIPPs. We also discuss whether couples should rebalance pension contributions, the key steps to take before retiring abroad, and what to know about DB pension transfers. Finally, we look at cross-border pension taxation using the UK–Denmark double taxation treaty as an example. Shownotes: https://meaningfulmoney.tv/QA40    01:20  Question 1 Hi Pete & Roger, Thanks for all your helpful and easy to understand information. I have only been on my financial wellbeing journey for a year.  I work in the NHS and am in a higher tax bracket. I am fully enrolled in the NHS pension, more out of previous disinterest than any actual action on my part. I am single and currently saving up for a down payment on a house in about 4/5yrs. I maxed out my ISA last year and expect to do the same this year; this includes money for the down payment. I also took out a SIPP which I only recalled last year; I took it out 20+ years ago. However I am still waiting for a statement from the pension office before my accountant can work out how much more I can add to the SIPP.  In the interim I have my emergency fund in a premium bond (20k) but am worried it's being eroded by inflation. I expect to be an additional tax payer in the next few years. Where should I keep my excess cash? More in premium bonds with no tax but erosion by inflation; or open GIA or more in high interest savings account and pay the tax? Or is there another option you would recommend? Btw I have £600 in crypto (Coinbase and Etherium) but don't plan to put more than £400 more in then plan to forget about it. It's a tiny fraction of what I put in my ISA. Thanks, Joy   04:46  Question 2 Dear Pete and Roger. Love the podcast. I think it is essential listening for those wanting to elevate their knowledge of the incredibly important subject of financial planning and it also highlights the value add that financial professionals can provide. My mother is 79 and has a comfortable guaranteed inflation linked income via state and civil service pension, which is supplemented by savings (maxed premium bonds & healthy cash savings) and investments held in ISAs and a beneficiary SIPP from my late father who passed before 75yrs old (therefore the assets are income and CGT free). My mother is keen to minimise the IHT on the estate both her and my father worked so hard to create. Despite her comfortable situation, I still have to encourage her to spend and use your very helpful '40% off sticker' analogy on a regular basis. It is my understanding that SIPPs will be subject to IHT and income tax from 2027. As my sister and I are both additional rate taxpayers, we will potentially be subject to 67% tax on any assets remaining in the SIPP if the estate is above £1m IHT threshold. While the '67% off sticker' analogy is even more helpful to encourage her spending, it has triggered some planning. We are drawing down the beneficiary SIPP to fund ISA each year for my mum – keeping the income and CGT tax benefits for my mum while removing it from the double income and IHT tax on death. As part of the IHT planning we are now considering regular gifts from surplus income. When combined with her guaranteed income, the assets in the beneficiary SIPP are more than sufficient so sustain her lifestyle until her age would be well into three figures. Based on my reading, it appears any drawdown from SIPPs are considered 'income' for gifting purposes, regardless of if they come from capital or income. Therefore she could start to draw more 'income' from the SIPP and gift this surplus which could be considered IHT free. Are there any limits to how much or how quickly she could reasonably drawdown from a SIPP so that it would no longer be considered 'income' by HMRC for IHT purposes? i.e could she empty the SIPP over a 5 yr period, gift that as excess income, then reduce the gifts to reflect a different income and or expenditure? While all the drawdown from SIPPs is considered 'income' for IHT purposes, the treatment of withdrawals from ISAs or other investments are distinguished between whether they are actually capital or income. Therefore, we have the added complication of needing to balance the 'income' drawdown from the beneficiary SIPP to make sure she doesn't eat into 'capital' of the ISAs and savings which would then mean the gifts from regular surplus income would then be considered part of the estate again. Our circumstances mean my mum feels slightly trapped between keeping the SIPP (so it is considered income for gifts from regular income but gets IHT taxed at 67%), continuing to use the beneficiary SIPP to fund ISAs (reduce IHT liability but lose flexibility to gift it as income), maybe change the investment engine of the ISAs from a lower yielding balanced solution to something with a higher natural yield, or do something else altogether (lump sum gifts and hope to survive 3yrs for taper or 7yrs). Any thoughts or suggestion would be appreciated. While there are some relatively niche circumstances, I think it covers two more broadly applicable IHT planning considerations SIPPs v ISAs under the new rules and regular gifts from surplus income. Thanks in advance Stephen   17:06  Question 3 Hi Pete and Roger Thank you both for your continued help in navigating the financial maze and I am enjoying the listener questions. My wife works part time and is a basic rate tax payer. She pays into her workplace pension and contributes an additional 15%. Her pension provider receives 20% tax relief on these contributions. I am a higher rate tax payer and I make contributions to a SIPP. My pension provider receives 20% tax relief and I claim an additional 20% directly from HMRC. As a couple, we could stop making the additional contributions to my wife's pension and instead make them into my SIPP. This would give us an additional 40%, rather than 20%. Mathematically this makes sense. We haven't done this so far, as I like the idea that we are equally contributing to both of our pensions, for the future. It also helps keep things simple. I am mindful that one day, we may kick ourselves for not making this simple switch which may leave us with a significantly bigger pot, when we need it. What options would you consider in this decision of splitting pension contributions. Many thanks, Rob 20:17 Question 4 Dear Pete & Rog, I just wanted to say a heartfelt thank you for your podcast and the incredibly valuable information you share. Your conversations are not only insightful but also reassuring as I start to think more seriously about my own retirement planning! One of the things I'm considering is retiring abroad (somewhere sunny!) Spain most likely, and I wondered if you might explain the process you go through with such clients. Specifically, do you have a checklist, or a list of key questions, that you typically ask clients to work through before moving overseas? For example, I've learned that ISAs are not recognised in many EU countries (so it may be better to sell before leaving), and I imagine there are similar considerations around SIPPs/UK DC pensions and other investments. Do you also tend to liaise with financial planners or accountants based in the EU when helping clients prepare for such a move? I would be very grateful for any wisdom you could share. Thanks again for all the work you put into the podcast, it really does make a difference. Warm regards, Chloe 24:55  Question 5 Hi Pete, Love the podcast.  Very informative and user friendly. I have a question, once popular but maybe not so much now and one that will make advisers sweat again! I'm a sophisticated investor (so to speak!), I manage my own SIPP etc and I'm an accountant so I guess I have a head start over most people.  I have a net worth excluding my house of circa £2.5m spread across a SIPP, ISA, FIC and GIA. I also have an old DB pension.  I'm 59.  It pays out circa £6,500 from the age of 65.  My dad died aged 63.  Given my circumstances I want to transfer the DB scheme into my SIPP.  I have two children so would like them to get it rather than die with me so to speak.  The last transfer value I got was pre covid at circa £100k which I know isn't a brilliant multiple but I'm happy with that.  I'm fit and healthy but I'm not relying on the guaranteed pension given my other pension provisions. So, firstly is it likely the transfer value would have gone up or down given the increase in interest rates and secondly do you think I could get a positive recommendation from an adviser? Thanks, Oscar 31:35  Question 6 Dear Pete and Roger, Love the podcast. I'm a bit more of an adventurous investor than you usually caution, but you provide a certain "passive-tracker-Yin" to my "property-investment-Yang". Given your backlog I'm going to ask you a pension question that I probably don't have to think about for 20 years, so you have time to get to it. I worked in Denmark for several years and paid into a pension scheme while I was there. I believe it is structured similarly to a UK DB pension scheme. There is an initial lump sum plus an income for life.  This pension fund is not covered by QROPS, so there is no transferring my way out of this complexity. The Danish pension fund thinks I'll be paying Danish income tax (presently 37-38%), Chat GPT is adamant that I'll be paying UK Tax. Who's right? If taxed in the UK I can imagine getting the tax free cash allowance right might be complicated. Is there anything else I should be considering? Best Wishes, James

This week on The Tax Factor, Malli Kini and Neil Insull begin with a roundup of the Top 3 tax stories making headlines, setting the scene for a wide-ranging and thought-provoking episode. They then turn to the Mark Glen vs HMRC case, examining the tax treatment of female hair loss businesses and the broader implications for medical expense claims. The discussion also covers the Miss Odina financial abuse story, highlighting the tax considerations involved and the wider issues it raises, before analysing why reports of an OBR document being accessed ahead of its official publication matters for transparency and public trust. The episode concludes with a look at the latest developments surrounding loan charge settlement terms, explaining what affected taxpayers should be aware of and how HMRC’s approach continues to evolve.See omnystudio.com/listener for privacy information.

A beheaded salute, HMRC hate & pud-pudz The Masked Singer host and 1/2 of The Business Men Podcast - Joel Dommett graces the Pearly Gates this week!!! And wowsers, you are in for a HOOT of an episode. Want the episodes ad free AND extra content from Mel and the guests, PLUS everything from the Kathy Burke archive? 6 Feet Under gets knee deep in all your cracking correspondence. Head to wheretheresawilltheresawake.com to subscribe. AND If you've got a story for us, send it over to mel@deathpodcast.co.uk A Sony Music Entertainment production. Find more great podcasts from Sony Music Entertainment at sonymusic.com/podcast Learn more about your ad choices. Visit podcastchoices.com/adchoices

In part two of our Making Tax Digital mini-series, Heather Self is joined by Jonathan Athow, Director General, Customer Strategy and Tax Design at HMRC, for a special Q&A episode. This conversation offers listeners the opportunity to hear directly from HMRC on one of the most significant changes to the UK tax system in recent years. In an insightful and practical discussion, Jonathan answers the key questions on everyone’s minds, including how the beta testing has progressed, what challenges taxpayers, agents and businesses may face as MTD expands, and how they can prepare ahead of the launch date. Heather puts the important issues front and centre, ensuring the conversation tackles both strategic aims and real-world concerns. This episode provides valuable clarity on Making Tax Digital and is essential listening for anyone preparing for the next phase of digital tax reporting.See omnystudio.com/listener for privacy information.