Podcasts about hmrc

▷ SUBSCRIBE TO FILTHY FELLAS https://bit.ly/FilthyFellasSub ▷ FANTASY FOOTBALL LEAGUE: https://bit.ly/FilthyFantasy ▷ LISTEN ON SPOTIFY: https://bit.ly/FilthyFellasSpot ▷ LISTEN ON APPLE PODCASTS: https://apple.co/3GIFthj ▷ LISTEN ON AMAZON MUSIC: https://amzn.to/44aouyk HMRC has been keeping tabs on the lads with their predictions FILTHY FELLAS ON SOCIAL ▷ PATREON: https://www.patreon.com/filthyfellas ▷ TIKTOK: https://www.tiktok.com/@filthy_fellas ▷ INSTAGRAM: https://www.instagram.com/filthy_fellas ▷ X: https://x.com/Filthy_Fellas ▷ MERCH: https://filthyatfive.com FOLLOW THE MANDEM POET https://www.instagram.com/poetscorneruk STEVO THE MADMAN https://www.instagram.com/stevothemadman LIPPY https://www.instagram.com/dondadalippy SAVAGE DAN https://www.instagram.com/savagedan10 MARGS https://www.instagram.com/margsmt LOONS https://www.instagram.com/fruitpunch_papi KG https://www.instagram.com/kgthacomedian SKITS https://www.instagram.com/skitsybuddha SKRIBZ https://www.instagram.com/skribzst JOHN WICK https://www.instagram.com/johnwick_nvb MENACE https://www.instagram.com/mseven_____

This week on The Tax Factor, Malli Kini and Stefanie Tremain show why precision matters in both politics and tax with Nigel Farage learning the hard way that there’s a big difference between “I” and “we.” The conversation then turns to the ICAEW’s warning about Government plans to regulate tax agents. While the idea might sound straightforward, could it actually make the system less effective rather than more secure? And finally, the National Audit Office reports that HMRC is losing billions to small business tax evasion including more than £800 million through the practice of phoenixing but it also warns there doesn’t seem to be an effective strategy to deal with it!See omnystudio.com/listener for privacy information.

So the 7th P of the Insight Leader's Playbook is for Process.Process might not always sound the most exciting topic but the way we approach can often make the difference between a productive, effective, efficient and successful Insight team, and a group that is doing its best to survive another spin around the corporate hamster wheel.To quote James Clear from his bestseller, Atomic Habits:“We do not rise to the level of our goals, we fall to the level of our systems.”That's true for organisations and for individuals, and it's also true for Insight teams. Please listen to find out more! Topics DiscussedThe critical importance of process (01:19)Project-orientated processes (03:10) Enabling processes (04:52) Buying back our time (06:22)An Insight team's operating manual (8:22)Navigating the adoption gap at HMRC (12:21)Key points to consider (18:31) This is episode 77 of the Transforming Insight podcast. If you have the ambition to transform your Insight team and the role it plays in your organisation, please tune in to future episodes. Not only will we explore the 42 secrets of successful corporate Insight teams as outlined in the Transforming Insight book, we will also talk to senior corporate Insight leaders, delve into books that have inspired us, and discuss new best practice research carried out with the IMA's corporate members.You won't want to miss this! So please subscribe - and thank you for listening.   About James Wycherley, the author of Transforming InsightJames Wycherley was Director of Customer Insight and Analytics at Barclays Bank from 2005 to 2015 when he became Chief Executive of the Insight Management Academy (IMA). He published his first book, Transforming Insight, in 2020, and his second, The Insight Leader's Playbook, in 2025, and he hosts the Insight forums and the Transforming Insight podcast.An entertaining keynote speaker, he has presented over 50 times at Quirk's events, a global record, and has provided thought leadership in the UK, USA, Europe, Canada, Australia, India and the Middle East.The Insight Management Academy is the world's leading authority on transforming corporate Insight teams, and its vision is to inspire and support every Insight leader to transform the impact of Insight in their organisation. Resources:If you would like more information on any of the ideas discussed in this episode of the Transforming Insight podcast, please visit www.insight-management.org DisclaimerThe Transforming Insight podcast is published by the Insight Management Academy and produced by Zorbiant.All rights reserved.   

If your “get clients now” mindset is quietly killing your pipeline, this one's for you.Most people stall because they're focused on getting clients instead of building relationships that naturally convert. Add awkward networking and a sprinkle of “should I be doing more?” and you've got chaos. Let's fix it.This week, we break down the biggest client-getting mistake we see (and what to do instead), how to turn networking into actual sales without being pushy, and some juicy Rebel news: live bookkeeping basics with Liz, free red-carpet tickets, and wins pouring in from the new Rebel Directory.

Some great questions this week about planning for the loss of the personal allowance, investing in GIAs, persuading an aunt to write a will, and much more besides! Shownotes: https://meaningfulmoney.tv/QA26  01:11  Question 1 Dear Roger and Pete, I enjoy listening to your show driving to work. You are both down to earth and humble with your opinions. I read a lot on finance and have been investing in stocks and share ISA since 2004 and VCTs since 2017. I have built a healthy portfolio of nearly 300k in VCT, 400k in Stocks and share ISA. I also have a healthy DC pension of roughly 700k and DB pension worth around 10k per year from age 60. I am approaching 50th birthday this year and so decided to use up some of my cash savings which is in excess of my target investment of 20k in ISA and 50 k in VCT(as unable to go over 10k in pension (due to annual allowance threshold). I know I am fortunate and I also live frugally as that's my nature and don't have too many wants. The question is if I have roughly 80k in mortgage and I have the ability to clear it, should I invest that 80k in VCT on top of my regular VCT allocation of 50k and get the 30% tax benefit(as I am unable to get much tax benefit from my pension) or clear my mortgage as the mortgage is coming up for renewal and likely interest rate will be 4-4.5%. I am torn as I understand in my head that 80 k invested is better than clearing the mortgage over a 20-30 year time frame, but as I am going to be 50 and would like to clear the mortgage and have freedom to decide if I want to enter a life of FIRE or have the ability to FIRE if I get bored. However, I have kids in school and so unlikely I will FIRE until they go to university. Sorry about the long question. Thank you, Fred. 06:25  Question 2 Hello Pete / Roger, Great podcast! I hope karma holds true and all the good you give out back comes back to you both! Question: I am a higher rate taxpayer who maximises their pension, stocks & shares ISA and other best tax sheltered places so need to also build wealth in a taxable GIA. What is best strategy for a higher rate tax payer to do this... dividend / income generating stocks or accumulating (non dividend paying) investments and pay CGT at some stage (regularly)? Thanks, appreciated as ever and hope may help others Ivana  10:43  Question 3 Hi, Nick (who I assume will read this first), Pete and Roger, I'm not sure if this is a suitable question for the podcast but here goes. How can we persuade an aged aunt that she needs to write a will, as us knowing what her wishes are is not sufficient. I have an aunt who has no children but she has said she wants her estate split equally between her 8 nieces and nephews but she refuses to make a will. The problem is that if she dies intestate there is an estranged brother who would be a beneficiary as far as we understand  and so what she wants to happen won't happen. Richard J 15:50  Question 4 Hi Pete and Rog My husband and I have been MM diehards for many years. We think It's a sad reflection of the state of nation when David Beckham gets considered for a gong before Pete does! I wanted to ask you about UK T-Bills because they are rarely (if ever) mentioned in your discussion of financial instruments. We are at retirement age I have a few DB pensions and a SIPP with Interactive Investor of approx. £300k. About ½ is sitting in Cash (including short term money market funds) because we want to draw out our 25% tax free allowance within the next 2 years and we want to minimise risk until that time arrives. I still want to diversify my low risk investments  as much as possible into bonds but my experience of bond funds is that they can also drop significantly with economic conditions whereas we want something to deliver us a (near as possible) guaranteed return. Our platform (ii) allows us to purchase bonds on the primary market however they are too long-term for us to see them through to maturity given our timescales. The platform has started to release UK T-Bills which seem typically much shorter term (3 or 6 months) and therefore appear to give us what we are looking for (guaranteed rate at a decent %) and very low risk. I know the % return is determined by the ‘auction' but it currently looks to be around 4.5% on average (especially the 3-month ones). We plan to apply the bond ladder concept and buy these T-bills over the next few years on a rolling basis. As they are very short term, if rates drop we can change our strategy mid-plan so I think it also gives us a degree of flexibility too. Have we overlooked something obvious as it seems to fit our needs perfectly for the next couple of years? We are very hands-on on the platform so we don't mind getting stuck into the action process (which looks straightforward). I'd be interested if you had any additional insight / comment on T-Bills being used for this or other strategies. Regards, Gilly 22:55  Question 5 Hi Pete, Roger, Thank you for the podcast, I always look fw to listening to it on my Wednesday commute. I'm trying to figure out when it makes sense to accept paying more income tax versus increasing my pension contributions? My total compensation this tax year is estimated to be £125k meaning I will lose all of my personal allowance with an effective 60% marginal tax rate on the last £25k of my earnings. Part of my compensation is made up of RSUs and very predictable quarterly bonuses. My base salary is approx £85,000.Last year, my total compensation was £105k, with a smaller base salary. My pension contributions kept my taxable income below £100k. I do not have any children, so the loss of funded childcare is not a concern. I've been contributing 15% for the last 5 or 6 years, starting when I was earning about half what I earn now. I chose that percentage to bring earnings under the 40% threshold at one point. At the start of this tax year, I increased my pension contributions to 20% because my income increased and I had no immediate need for the extra money. My employer only matches up to 5%. I am in my mid 30s and have roughly £140,000 split between my SIPP and my current workplace pension. Both invested in 100% equities in a global fund. I am considering increasing my salary sacrifice from 20% to around 30%, to keep my taxable income below 100k to avoid the loss of personal allowance. I'm hesitant because, playing around with the compound interest calculator, starting with a £140,000 balance, contributing £1,700 per month (20% salary sacrifice), and assuming a 7.5% return (which may be slightly optimistic), I would end up with a pension pot of about £1.5 million at age 55. Which might be too much. I have £80k in my stocks and shares isa, also in global equities and I'm on track contribute 20k this tax year.  I own a flat with a mortgage, fixed at less than 2% for a couple more years with no interest in over paying. I'm worried I might end up with too much money left when I (eventually!) die, I have no kids and I am not interested in leaving a legacy. Shall I just accept the tax bill and increase my lifestyle today given I'm already saving enough that I know I will be comfortable later in life. I read die with zero a year or so ago, and it resonated with me a lot. What else is there to consider? Thank you, Mark. 29:15  Question 6 Dear Pete & Roger, I have one question on my financial planning. This year I had received extra bonus which lead to my salary at the end of tax year of £123k. I have contributed £17k to my pension using employer contributions but remaining £6k is through my company stock which was vested and I got £3.1k income after paying 47% tax. My question is as my salary threshold for this tax year crossed £100k, for this additional £6k do I need to submit self assessment and if yes, do I need to declare this £6k full stock amount completely as a separate income even though I already paid tax on it, does this mean I am also liable to pay capital gains tax on this £3.1k? I look forward to hearing from you what are my options to submit to HMRC through my self assessment so I can calculate if I owe any additional tax or HMRC will refund me some money due to £17k pension contributions? Many thanks, Vai  

EP 406 - Economist and tax strategist Oriana Morrison pulls doesn't hold back in our chat about the UK economy, HMRC, tax avoidance, and inequality.Founder and CEO of ECNMX and trusted advisor to world champion athletes and entertainers, Oriana Morrison explains why HMRC is “shameful,” how tax is used as social engineering, and why Britain risks losing its top talent to fairer systems abroad.From the realities of sportswashing in Saudi boxing to the politics of envy driving the UK's broken tax system, Oriana shares blunt insights you won't hear from politicians, even or accountants.What You'll Learn in This Episode:Why Oriana Morrison calls HMRC “shameful”The hidden truth about tax, fairness and inequalityHow sportswashing in Saudi boxing really worksWhy Britain risks a Latin American-style economic collapseHow tax myths are driving talent and wealth out of the UKIf you want to hear about the future of Britain's economy, the truth about tax and HMRC, and what it really means for athletes, creatives, and entrepreneurs, pull up a chair and press play.*For Apple Podcast chapters, access them from the menu in the bottom right corner of your player*Spotify Video Chapters:00:00 BWB with Oriana Morrison01:30 Sportswashing in Saudi?04:09 Economic Realities of Sports Consumption09:33 Oriana's Role and Expertise14:01 Tax and Economic Policies16:57 HMRC: Challenges and Criticisms 26:50 Global Economic Perspectives42:28 Insider Trading and Ethical Dilemmas42:54 Navigating Client Relationships and Global Networks43:37 Oriana's Story: The Band Fallout46:32 Legal Battles and Partnership Laws53:11 Lessons Learned and Client Challenges59:42 Social Media vs. Tax Advice01:04:48 Quickfire - Get To Know Oriana01:08:49 !Business or Bullshit Quiz!01:17:10 Wrap UpWatch and subscribe to us on YouTubeFollow us:InstagramTikTokLinkedinTwitterFacebookIf you'd like to be on the show, get in contact - mail@businesswithoutbullshit.me

In this episode, James Hurst breaks down the latest updates to HMRC's guidance on correcting VAT errors, including the introduction of a new online tool for notifying HMRC. Tune in for practical insights and learn what these changes mean for your business.For more information on this topic and more, please visit www.mercia-group.com for further details.

In this insightful episode of the Ultimate FD Podcast, we introduce you to complex tax concepts that every savvy entrepreneur should know. This episode is for you if you've ever felt overwhelmed by the jargon used by tax accountants.  We break down 10 advanced tax terms that could significantly impact financial strategies for those running 7-figure businesses. We start with a deep dive into essential topics like Section 455 and personal service companies, offering clarity on mitigations and pitfalls in managing Tax.  Tej Gill elaborates on the intricacies of using trusts and the potential tax obligations that come with them. We explain the value of family investment companies and employer-funded retirement benefit schemes and clarify why HMRC closely scrutinizes these areas.  Wrapping up the episode, we explore enterprise value and equity value, two core financial metrics, explaining their crucial role in business valuation and acquisition.

In this episode of the I Hate Numbers podcast, we shine a light on a common but costly issue—Class 2 National Insurance wrongly charged by HMRC. Thousands of self-employed people and small business owners are impacted each year. We'll explain why it happens, how it affects your state pension and benefits, and the exact steps you should take to put things right.Main Topics & Discussion What Class 2 NI Is: Class 2 National Insurance is a flat-rate weekly contribution (£3.45 in 2024–25) paid by the self-employed. It secures your entitlement to the state pension and certain benefits. While the cost is relatively small, missing payments can leave gaps in your record that affect your long-term financial security. Why HMRC Gets It Wrong: Errors often occur because of mismatched data across HMRC systems, mistakes in reporting self-employed profits, or discrepancies between your self-assessment and NI records. These issues can trigger incorrect charges, meaning you pay contributions you don't actually owe. The Real Impact: Overpaying NI reduces your immediate cash flow, which is critical for self-employed individuals. On the flip side, if HMRC fails to charge you when it should, you may end up with gaps in your NI record, putting your future pension entitlement at risk. How to Check: The best defence is to stay proactive. Always log into your HMRC account to check your self-assessment details and compare them with your National Insurance contributions. Reviewing your pension record regularly helps you spot missing or extra payments early, avoiding problems later. Steps to Fix: If you think you've been wrongly charged, contact HMRC as soon as possible. Provide supporting documents, such as tax returns, profit and loss statements, or payment evidence. You can request corrections to your NI record or claim a refund for overpayments, but the process takes time, so early action is key.Common Mistakes to Avoid Assuming HMRC Is Always Right: Many taxpayers accept charges at face value, but HMRC systems are not flawless. Always double-check your notices and statements before paying. Ignoring Your Records: Failing to review your NI contributions and pension record regularly could mean years of unnoticed errors. By the time you claim your pension, it may be too late to fix. Not Reclaiming Refunds: If you don't take action, you could lose money unnecessarily. HMRC does process refunds, but you must initiate the request and provide the right evidence.Final ThoughtsClass 2 National Insurance may look small on paper, but the consequences of getting it wrong are significant. Errors can drain your cash flow or leave gaps in your pension record. By checking your account, acting quickly, and challenging HMRC when necessary, you can save money and protect your future benefits. Proactivity pays off when it comes to NI.Episode Timecodes [00:00:00] – Introduction to Class 2 NI errors [00:01:20] – What Class 2 NI contributions cover [00:03:15] – Why HMRC often charges the wrong amounts [00:05:42] – The impact on pensions and benefits [00:07:30] – How to spot and check for errors [00:09:10] – Steps to fix HMRC...

This week on The Tax Factor, Rehana Earle and Ele Theochari talk about the fallout from Angela Rayner’s resignation and what it says about the complexity of the UK tax system. Was it a simple SDLT mistake or something more? They also look at Labour’s revived debate on wealth taxes and Rachel Reeves’ cautious approach to reform ahead of November’s Budget. HMRC has an increasing focus not just on the users of avoidance schemes but also on the individuals promoting them – including a barrister now in the spotlight and footballers facing hefty tax bills. And at a tribunal, one taxpayer tried the excuse that “rodents ate my receipts.” A creative attempt, but no cigar – just like the old “dog ate my homework,” it didn’t wash.See omnystudio.com/listener for privacy information.

Tune into this weeks podcast lots going on in the world of Salford Red Devils. Its 14 years since we left the willows we and our listeners give our favourite memories from the old ground. We look back at the Catalan defeat all the big news including reaction to Gaz Carters expose article in the Sun, we celebrate bridging loan day, the day the HMRC expect it to drop, we talk about Lance Todd trophy dinner and the great things the Salford Red Devils Foundation do in the community. Mike Grady joins us as his ladies prepare to face London in Championship playoff semi final on Sunday, we preview that game, can our ladies recreate their great form going into the game beating Cardiff last week and take another step towards Super League. Paul Rowleys men travel to Huddersfield. Paul talks to us about creating Rowley ball 2.0 and his memories of playing at the willows Listen here or via your podcast playing app

It's another packed and mixed bag of questions here on Meaningful Money. Today we deal with Seafarer's pension contributions, tax-free cash on DB pension schemes and annual allowance calculations. Plus we give some thought to the evolution of the show… Shownotes: https://meaningfulmoney.tv/QA25    01:10  Question 1 Hi Pete and Roger Many thanks for all that you do.  I am a long time podcast listener and happy client of Jacksons. I am currently playing catch up on the current series and have a couple of thoughts on points raised in two episodes. In episode 3 - there was a question on pensions and the answer included the point that when making contributions to a scheme they are generally paid net and the scheme reclaims basic rate tax from HMRC.  Just to say that this is not always the case.  My employer recently moved its scheme to an Aviva master trust.  I wanted to make a lump sum co tribute. Ahead of the tax year end.  However I found that the scheme could only accept gross contributions and I would have to reclaim the tax myself.  As it was quite a decent sum and I preferred not to wait for the tax I made the contribution into a different scheme. In episode 7 you had a question about moving abroad.  The point we made that you can't continue to contribute to UK tax favoured schemes when abroad which is correct.  However there is another watch out in that ISAs in particular may be subject to income tax in the new country of residence - as they were when j lived in the US.  It is therefore critical to get advice so you can make the right choices when moving abroad All the best, Richard 05:06  Question 2 I have been listening to your podcast for the last 5 or 6 months. Like so many of your listeners, I have spent many hours catching up on your early episodes, no longer do I watch movies or drama series or wildlife programmes. I listen to Pete. Your advice has been priceless. However, I do have a question that I seemingly cannot find the answer to. Perhaps, I already know the answer, but am putting my head in the sand because I do not like it. I know that the pension tax free lump sum is limited to £268,275 and I believe that this applies to the total taken from multiple pensions. I retired from the police in 2013 as a chief inspector. I took the maximum lump sum available at the time which was £206,000. I started a new job with the NHS and am paying into the NHS 2015 scheme. My projection on retirement from the NHS at age 67 suggests that I can expect a lump sum that combined with my police pension lump sum will take me well beyond £268,275. I have seen some articles on line about lump sum protected allowances, but do not know if this is something I can access. Clearly, if all I can take from my NHS pension is £62,275 I will be paying 40% on a greater proportion of my pension in payment. I suspect there may be others like me that maxed our their lump sum when first retiring and have gone on to further employment and have built up a tidy pension that has the potential to pay out another handsome lump sum. Your advice is gratefully appreciated. Kind regards, John 11:25  Question 3 Hi Pete and Rog Always a delight when a new episode comes out – I hope Rog is getting fairly compensated for his efforts! I have been a keen listener for a number of years though until recently had lived outside of the UK, so while not everything was applicable (ISAs or pension contribution limits etc), the podcast has always been a valuable tool as I improve my personal finances I have a question I was hoping you could clarify for me which relates to questions you answered on previous podcast Q&A. Trying to keep it short but failing: On a couple of occasions when talking about pensions there seems to be an assumption that your income will fall in retirement and so income tax on the way out of the pension is less relevant. You recently had a question around moving money from a Lifetime ISA to a SIPP for a higher rate tax payer who was moving abroad and the calculation / discussion went something like: Invested 4k, got the extra 1k but have to take a 25% penalty when taking the money out so down to 3.75k. Then when investing that back into a SIPP you get tax relief so back up to 4.7k or even 6.25 with higher rate relief. Then the discussion seemed to suggest in such a case you might even be better off than if you had left it in the LISA. However, doesn't this depend on what your tax rate is on retirement / withdrawal? Now on to my question: Similarly, you had someone who had maxed out their annual pension contribution limit and they were trying to decide whether to pay more in to their pension (foregoing the tax relief) or to put it in to a GIA. This is a situation I find myself in and the Q&A discussion seemed to suggest it doesn't make much difference. There were comments that an ISA would be better than a GIA but assuming the ISA allowance was already fully used then there was little difference. This confused me and brings me to my question. If I overpay into a pension and so get no tax relief, don't I still pay income tax when I withdraw the money from the pension? So for any contribution above the annual limit I receive no tax relief initially (ie I have effectively paid tax) but then future withdraws from a pension are taxable so I pay tax again when I retire. Is this the case or is there some way the pension knows what proportion of the pot received tax relief and what proportion didn't? If no such split exists then surely a GIA is a far better option where I will only pay CGT on any growth in the investment (or income tax on dividends). Imagine a situation where there is no growth or dividends then in a GIA I take the initial money back out with no tax to pay, in the pension I still pay income tax on the withdrawal. What am I missing here? Kind regards, Matt 17:02  Question 4 Hi - love the podcast and really enjoying the Q&A series! Keep up the great work! I was hoping you can assist me. I have a pretty simple salary structure and lucky to earn annually (salary and bonus) around 190k. I'm looking at what I can add to my pension and very aware of the 60k limit and also the 200k income threshold. Is it as a simple as if my only income stream is from employment, that by definition in the above scenario I'm below the £200k. Or am I missing anything else that feeds into this as a consideration? Thanks, Steve 20:20  Question 5 Thank you Pete & Roger for an amazingly insightful informative podcast. This has given me a giant springboard to the next level of financial literacy. My question is: I am a seafarer and all of my income from it is subject to seafarers earnings deductions (SED). My annual salary is £79,000. How much can I pay into a SIPP claiming the full amount of tax relief given that all of my income is subjected to SED? Thanks very much for everything you do. Kind regards, Benjamin 24:00  Question 6 Absolutely love the podcast - always look forward to driving home on a Wednesday so I can listen to it. I'm 47 and my husband is 55 and we have 2 fabulous children aged 13 & 11. I am an additional rate taxpayer and have a good DB pension for the future (NHS consultant). My husband did the tougher job of being a full time Dad so only has a small SIPP at present worth about £50,000 which we add £2880 to each year. I am hoping to retire early so we are building our Stocks & Shares ISAs each year to bridge the gaps between my retirement and state pension etc although we don't use the full allowance at present although may do in the future as my pay increases. We just wanted advice about the best way to extract the money from my husbands SIPP. He works a few hours now making approximately £5000 per year so is a non-taxpayer (and all our emergency cash is in his name!). We had planned to start drawing down his pension in a few years once fully retired to try to get it all tax free before his state pension kicks in but we don't actually need the cash and thus it would be reinvested into his ISA. Is there any reason not just to start that process now so we put the money in the ISA gradually over the next few years (bearing in mind that we may be able to fill our ISAs in the future)? Can we still top up with £2880 each year one this process has started? Maybe this sounds like an obvious thing to do but just can't work out if its the correct path? Thanks so much, Ciara Mulligan   30:10  Podcast and Video plans.  

Many people have unused space that could generate extra income. But before you start renting out your garage or driveway, you need to understand the tax implications. In this episode of the I Hate Numbers podcast, we explain how to keep it legal and tax-efficient while boosting your earnings.What You'll Learn in This Episode The UK tax rules for renting out garages, driveways, and storage spaces. How much income you can earn tax-free under the property allowance. What records to keep and when you need to declare the income. Practical tips for staying compliant and avoiding HMRC problems.How Tax-Free Income WorksIf you rent out your garage, driveway, or storage space, HMRC treats this as property income. But the good news is that you can earn up to £1,000 tax-free under the property allowance. If your income stays within that limit, there's nothing to report. Go over it, and you'll need to declare it on your self-assessment tax return.Property Allowance Explained £1,000 property allowance applies to rental income, including garage and driveway rentals. No need to register or report income if you stay under £1,000. If you earn more, you can deduct either actual expenses or the £1,000 allowance.What Counts as Rental Income?Renting your driveway to a commuter or your garage for storage counts as taxable property income. Even if it's casual or occasional, HMRC expects you to declare it if it exceeds the allowance. Payments from family members for genuine rent also count.When to Tell HMRCIf your total income from this activity is over £1,000 in the tax year, you need to inform HMRC and include it on your tax return. Failure to do so can lead to penalties, so track what you earn.Keeping Records Track all payments received. Keep agreements, even informal ones, in writing. Record any related expenses if you plan to claim them.Final ThoughtsRenting out unused space can be a smart way to boost your income, but don't fall into the trap of ignoring tax rules. Use the property allowance wisely, keep good records, and stay compliant. It's simple once you know the basics.Links Mentioned in This Episode

Get a free audit of your indemnity cover here >>> https://quote.allmedpro.co.uk/dental-indemnity-2025-new-proposal-dwi/———————————————————————Collect unlimited free verifiable CPD for UK Dentists here >>> https://www.dentistswhoinvest.com/videos/got-crypto-listen-to-this-to-make-sure-you-dont-break-any-tax-rules-with-emily-bingham———————————————————————We've brought in crypto-specialist accountant Emily from Alexander & Co to demystify the complex world of cryptocurrency taxation specifically for dental professionals. This comprehensive guide walks you through everything from basic capital gains calculations to the nuanced tax implications of staking rewards and stable coin investments. With capital gains tax rates now at 18% for basic rate taxpayers and 24% for higher rate taxpayers, getting this right is essential for your financial wellbeing.The conversation reveals several potential pitfalls that catch many dentists by surprise. Did you know that the "30-day rule" could create tax liabilities even when you believe you've made losses? Or that staking rewards are subject not only to income tax at your marginal rate but also to student loan repayments? For higher-rate taxpayers with outstanding student loans, this means nearly half of your staking rewards could be claimed by HMRC and the Student Loans Company combined.Looking ahead, we explore the seismic shift coming in January 2026 when the Crypto Asset Reporting Framework makes it mandatory for exchanges to share your data with tax authorities. With 52 countries already committed to this global initiative, the window for getting your crypto tax affairs in order is closing. Emily shares practical advice on voluntary disclosure and how to minimize penalties if you haven't been fully compliant.Don't miss this opportunity to claim free verifiable CPD by completing the short questionnaire linked in the description. Equip yourself with the knowledge to confidently manage your crypto investments while staying firmly on the right side of HMRC regulations.———————————————————————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 a text

Was the deputy prime minister trying to evade and dodge tax? Is she a 'hypocrite'? Or was she simply doing what she thought was the right thing?  Beth takes Ruth and Harriet behind the scenes of her interview with Angela Rayner this week as they ask whether she will survive in government, or if she will have to resign.  It all emerged after Rayner admitted she didn't pay enough tax on her home in Hove - you can catch the exclusive 20-minute interview in the Electoral Dysfunction feed.  After recording, Verrico & Associates confirmed that it had advised Ms Rayner on the purchase of the flat. Joanna Verrico, the managing director, told The Telegraph: "We acted for Ms Rayner when she purchased the flat in Hove. We did not and never have given tax or trust advice. It's something we always refer our clients to an accountant or tax expert for. "The stamp duty for the Hove flat was calculated using HMRC's own online calculator, based on the figures and the information provided by Ms Rayner. That's what we used, and it told us we had to pay £30,000 based on the information provided to us. We believe that we did everything correctly and in good faith. Everything was exactly as it should be."Remember, you can also watch us on YouTube.   

Tune into this weeks podcast lots of Salford Red Devils chat to enjoy. We look back at the win at Warrington for Paul Rowleys men, Mike Gradys ladies are in the playoffs beating Cardiff we look at their chances. Salford Red Devils meeting with the HMRC was adjourned, we discuss what happens now. Paul Rowley talks living in the moment, the loan players and looks forward to Catalan. Listen here for via your podcast playing app

This week our main focus is a powerful but widely overlooked tax relief: if you personally borrow money (for example by remortgaging or taking a personal loan) and lend it to your limited company, you can usually claim the interest on your Self Assessment as a tax-deductible expense. That can reduce your personal tax bill, may be worth significant sums and can be claimed up to four years in the past with supporting evidence. We explain how to document the money flow, when the relief applies (and when it may not), what to watch out for (company interest paid back to you, closed investment companies, and the need for a clear paper trail), and point listeners to HMRC guidance (HS340 and SAIM10030) and the practical steps to refile or write to HMRC to correct earlier returns. ⭐ Rate, Review & Share this episode with fellow business owners, and let's grow together! ⭐ Subscribe to the weekly newsletter to get Expert Advice Straight to Your Inbox: https://www.profitcashgrowth.com/subscribe ⭐ Get a Free copy of Claire's book Profit By Numbers: https://www.profitcashgrowth.com/book   VALUABLE RESOURCES Website LinkedIn YouTube Facebook ABOUT THE HOST: Claire Hancott through Profit Cash Growth helps 6 & 7 figure business owners to increase their profit, improve their cashflow and grow their business using their numbers. As a finance director & chartered management accountant, Claire has nearly 20 years' experience in finance and running businesses of her own. This gives her a unique insight into the information and support business owners need to grow a financially successful business. Claire passionately believes that every business should be run by the numbers because the numbers in your business are telling you a story about what is and isn't working and where your opportunities lie. Claire's mission is to provide insightful management accounts, reports and advice to business owners and support them to make smarter decisions.    *The content of this podcast is for entertainment purposes only and does not constitute professional advice.

Whether it's performance or policy, there's rarely an episode of The Tax Track that doesn't mention HMRC. In this special episode we talk to one of the senior leaders at HMRC, Jonathan Athow, Director General for Customer Strategy and Tax Design.The government's stated priorities for HMRC are to modernise and reform the tax system, improve customer service and close the tax gap; Athow explains how HMRC intends to deliver on those priorities, and crucially, what this means for ICAEW members.Links Tax software article (Sept Taxline)HMRC promises new digital solutions for taxpayers and agents | ICAEWhttps://www.icaew.com/insights/tax-news/2025/jul-2025/hmrc-promises-new-digital-solutions-for-taxpayers-and-agentsUp to 3 million individuals may need to comply with MTD | ICAEWhttps://www.icaew.com/insights/tax-news/2025/aug-2025/up-to-3-million-individuals-may-need-to-comply-with-mtdHave your say on draft Finance Bill legislation | ICAEWhttps://www.icaew.com/insights/tax-news/2025/jul-2025/have-your-say-on-draft-finance-bill-legislationHMRC is taking longer to respond to post | ICAEWhttps://www.icaew.com/insights/tax-news/2025/aug-2025/hmrc-is-taking-longer-to-respond-to-postHostStephen Relf, Technical Manager, Tax, ICAEWGuestJonathan Athow, Director General, Customer Strategy and Tax Design, HMRCProducerNatalie ChisholmEpisode recorded 21 August 2025Episode published 3 September 2025 

Energy Voice news editor Erikka Askeland catches up with Marcus Kenny, head of end hirer at Brookson Legal, from the show floor of SPE Offshore Europe 2025. Tune into hear Marcus discuss why employers need to tackle IR35 determinations before HMRC does.

Making Tax Digital for Income Tax may sound technical, but we break it down simply. In this episode, we share what MTD for ITSA is, who needs to comply, when it starts, and how to prepare effectively. If you're a sole trader, landlord, or small business owner, this episode is essential listening. What You'll Learn in This Episode What Making Tax Digital for Income Tax is and why it matters. Who must comply, who is exempt, and turnover thresholds. How to prepare with compatible software and proper bookkeeping. Practical steps to avoid fines, stress, and last-minute panic. Real examples of businesses affected by MTD. Making Tax Digital Explained MTD for Income Tax is HMRC's plan to move tax reporting into the digital world. Instead of submitting one annual return, you'll send four quarterly updates via approved software. It's like switching from a paper diary to an online calendar—more visibility, fewer surprises, and closer monitoring of compliance. Who Must Comply If you are a sole trader or a landlord and your turnover exceeds £50,000 in 2024/25, you must join MTD from 6 April 2026. Turnover here means income before expenses. HMRC looks at the full amount coming in, not what you keep after costs. Practical Examples from the Episode Here are some real-life examples mentioned in the episode to show how MTD rules apply in practice: Deepak, a self-employed builder, has a turnover of £55,000 in 24/25. He must join MTD from April 2026. Sarah, a landlord renting three flats with gross rental income of £48,000 in 25/26, must join MTD from April 2027. Paul, a market trader with turnover of £52,000 in 24/25, is seasonal but still exceeds the threshold, so he must join in April 2026. Exemptions and Exceptions Not everyone needs to join immediately. If your income is below £20,000, or you qualify based on age, disability, or location, you can apply for exemption. Exemption does not remove the requirement to file a self-assessment; it only exempts you from quarterly digital updates. For example, a freelance designer earning £14,000 per year is under the threshold and does not need to join MTD. Preparing for MTD Choose compatible software—Xero, QuickBooks, or FreeAgent are common options. (We recommend Xero as a Platinum partner.) Authorize the software to link with HMRC for quarterly updates. Decide who handles submissions—yourself or an accountant—and agree on fees upfront. Keep bookkeeping accurate and up to date; don't wait until year-end. Consider joining voluntarily early to test the system and gain confidence, like Sebastian, who signed up early in 24/25 and felt stress-free by April 26. Benefits of Preparing Early Early preparation reduces stress, avoids penalties, and gives better control of cash flow. You can see quarterly profits building, plan tax efficiently, and identify whether incorporating or other planning is beneficial. Avoid last-minute panic and get ahead of HMRC deadlines. Real Consequences of Delay Leopold set up his software a week before the first submission and struggled with data import, missed the submission, and faced unnecessary fines. Don't be like Leopold—preparing early is key. Key Takeaways Sole traders and landlords with turnover above the thresholds must prepare for MTD for Income Tax. Don't wait for HMRC letters—take control early, choose the right software, maintain accurate records, and seek advice if needed. Early action keeps you compliant, confident, and stress-free.

Welcome back to the podcast. Today we're diving into something that doesn't always get talked about in the property world but absolutely should Wills and estate planning. If you're a landlord or property investor, you've worked hard to build your portfolio. But what happens to it when you're gone? Without proper planning, your family could face unnecessary tax bills, delays, or even lose out on rental income.   Most landlords focus on mortgages, tenants, and tax returns, but few think about the bigger picture: what happens to their property portfolio when they're no longer here.   We're joined by Jamie from Soteria Planning, who's an expert in this field. He's going to break down inheritance tax, trusts, how to pass on your properties the smart way, and real-world lessons that prove why this matters more than most landlords realise.   You'll learn: Why landlords need wills and estate planning — and the risks of ignoring it. How inheritance tax (IHT) really applies to buy-to-lets and HMOs. Trusts explained in plain English — and when they do or don't make sense. The smartest ways to pass your portfolio on to children or family. Real stories of planning gone wrong (and right). Practical tips: when to update your will and the must-have documents landlords need.   If you own property, this conversation is a must-listen to make sure your wealth ends up in the right hands — not HMRC's.   Get in touch with Jamie Website: https://soteriaplanning.uk/agent-profile/jamie-shepherd email: jshepherd@soteriaplanning.uk Phone number: 07787 410 958 Connect on LinkedIn: https://www.linkedin.com/in/jamie-shepherd-754732141/   Read Soteria Planning's Guide to writing a will: https://online.flipbuilder.com/mwcp/lbvf/  

Can AI agents actually reduce your workload—or just add hype? Blake demos how he rebuilt bill-entry “Hubdoc-style” in about an hour with Zapier Agents, then maps out why most AI pilots fail without documented workflows and human approvals. Plus: PwC's plan to hire one-third fewer grads, juniors supervising AI, HMRC scanning social posts for tax gaps, and fresh salary and pricing benchmarks. Learn where AI truly fits—and how to price with confidence.SponsorsRelay - http://accountingpodcast.promo/relayTeamUp - http://accountingpodcast.promo/teamup Human at Scale - http://accountingpodcast.promo/humanDigits - http://accountingpodcast.promo/digitsChapters(05:36) - AI Agents: Hype vs. Reality (07:49) - AI's Impact on Corporate America (10:28) - Challenges in AI Integration (19:11) - PWC and AI: Training the Next Generation (21:43) - Building AI Agents with Zapier (41:00) - Human at Scale: Transforming Accounting Firms (42:34) - Live Stream Chat and AI Future (45:14) - Outsourcing vs. AI in Business (46:37) - AI in Accounting: Supervision and Customization (48:33) - Intuit's Q4 Earnings and QuickBooks Live (51:00) - AI's Impact on Accounting Jobs and Tools (59:48) - UK's AI Tax Fraud Detection (01:03:27) - Accounting Salary Survey Results (01:13:40) - Client Relationships and Free Speech Issues (01:18:18) - Conclusion and CPE Information  Show NotesThe GenAI Divide: State of AI in Business 2025 (MIT NANDA Report)https://fortune.com/2025/08/18/mit-report-95-percent-generative-ai-pilots-at-companies-failing-cfo/Getting a job at PwC out of college will be a lot tougher. It plans to recruit a third fewer grads by 2028 https://www.aol.com/getting-job-pwc-college-lot-120316405.htmlHMRC uses AI to spot tax fraud on social media https://www.accountancyage.com/2025/08/12/hmrc-uses-ai-to-spot-tax-fraud-on-social-media/The 2025 Accounting Today Salary Survey: Sweetening the deal https://www.accountingtoday.com/news/the-2025-accounting-today-salary-survey-sweetening-the-deal2025 U.S. Accounting and Tax Pricing Benchmark (Ignition) https://www.ignitionapp.com/us/2025-accounting-tax-pricing-benchmarkTaxDome Releases First-of-Its-Kind 2025 Niche Business Accounting Report https://www.morningstar.com/news/pr-newswire/20250819ph53815/taxdome-releases-first-of-its-kind-2025-niche-business-accounting-report2025 Niche Business Accounting Report (TaxDome) https://taxdome.com/niche-report-2025Need CPE?Get CPE for listening to podcasts with Earmark: https://earmarkcpe.comSubscribe to the Earmark Podcast: https://podcast.earmarkcpe.comGet in TouchThanks for listening and the great reviews! We appreciate you! Follow and tweet @BlakeTOliver and @DavidLeary. Find us on Facebook and Instagram. If you like what you hear, please do us a favor and write a review on Apple Podcasts or Podchaser. Call us and leave a voicemail; maybe we'll play it on the show. DIAL (202) 695-1040.SponsorshipsAre you interested in sponsoring The Accounting Podcast? For details, read the prospectus.Need Accounting Conference Info? Check out our new website - accountingconferences.comLimited edition shirts, stickers, and other necessitiesTeePublic Store: http://cloudacctpod.link/merchSubscribeApple Podcasts: http://cloudacctpod.link/ApplePodcastsYouTube: https://www.youtube.com/@TheAccountingPodcastSpotify: http://cloudacctpod.link/SpotifyPodchaser: http://cloudacctpod.link/podchaserStitcher: http://cloudacctpod.link/StitcherOvercast: http://cloudacctpod.link/OvercastClassifiedsWant to get the word out about your newsletter, webinar, party, Facebook group, podcast, e-book, job posting, or that fancy Excel macro you just created? Let the listeners of The Accounting Podcast know by running a classified ad. Go here to create your classified ad: https://cloudacctpod.link/RunClassifiedAdTranscriptsThe full transcript for this episode is available by clicking on the Transcript tab at the top of this page

GOVERNMENT CUTS RESTORATION RED TAPEFollowing a long campaign from the Historic and Classic Vehicles Alliance and other similar associations, the Government has simplified the red tape around modifying and restoring vehicles. Notifications can be sent to DVLA for ‘significant structural modifications' and the vehicle can retain the original license plate number and Vehicle Identification Number (VIN). This is a big step forward. Click this Hagerty article link here to find out more. ARIEL DOUBLING PRODUCTION CAPACITY WITH NEW FACTORYAriel, the Somerset based specialist performance vehicle manufacturer, have agreed a deal to buy more land that will allow them to double their production capability. If you want to read more, click this Autocar article link here. HMRC RAISES EV MILEAGE CLAIM RATEAfter lots of complaints were raised over the last announcement of the rate business mileage for electric cars could be claimed back at, HMRC has revised them. Now there are two tiers, home charging and public charging. However, the rates still aren't great and frankly totally inadequate if you charge via the public network. To find out more, click this Autocar article link here. PLUG-IN VAN AND LORRY GRANT EXTENDEDThe UK Government has extended the plug-in grant for van and lorries, until “at least 2027”. However, the money is coming out of the £650 million we were told was for the Electric Car Grant (ECG), which turns out to also be improving the charging infrastructure across the country. Click this Autocar article link here, to read more. DO NOT HOON YOUR EVE FOR MORE BATTERY LIFEA recent study has been misreported, according to Aviloo, battery experts. Many read the results to mean one must be very heavy with the right foot to extend the battery lift of one's EV. That is not the case. You can find out more by clicking this Carscoops article link here. TESLA DOES HAVE TO FACE CLASS-ACTION OVER SELF-DRIVING CLAIMSA recent hearing, in front of a judge, between those trying to pursue Tesla in a class-action over mis-selling their self-driving system that has yet to make it to market even though they have taken money from people for it, has resulted in permission being granted to pursue the company. If you want to read more, click this Reuters article link here. To read Ed Niedermeyer's coverage of the hearing, click this link to his Bluesky post. 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 PODCAST NEW NEW CAR NEWS - BYD Atto 2BYD has revealed details of their Atto 2, a C segment electric SUV. Priced aggressively, at £30,850, it...

If there's one thing that scam hunter Julie-Anne Kearns wants everyone to know, it is that no one is immune from a scam. And she would know—she fell for one last year.For years now, Kearns has made a name for herself on TikTok as a scam awareness and education expert. Popular under the name @staysafewithmjules, Kearns makes videos about scam identification and defense. She has posted countless profile pictures that are used and repeated by online scammers across different accounts. She has flagged active scam accounts on Instagram and detailed their strategies. And, perhaps most importantly, she answers people's questions.In fielding everyday comments and concerns from her followers and from strangers online, Kearns serves as a sort of gut-check for the internet at large. And by doing it day in, day out, Kearns is able to hone her scam “radar,” which helps guide people to safety.But last year, Kearns fell for a scam, disguised initially as a letter from HM Revenue & Customs, or HMRC, the tax authority for the United Kingdom.Today, on the Lock and Code podcast with host David Ruiz, we speak with Kearns about the scam she fell for and what she's lost, the worldwide problem of victim blaming, and the biggest warning signs she sees for a variety of scams online.“A lot of the time you think that it's somebody who's silly—who's just messing about. It's not. You are dealing with criminals.”Tune in today.You can also find us on Apple Podcasts, Spotify, and whatever preferred podcast platform you use.For all our cybersecurity coverage, visit Malwarebytes Labs at malwarebytes.com/blog.Show notes and credits:Intro Music: “Spellbound” by Kevin MacLeod (incompetech.com)Licensed under Creative Commons: By Attribution 4.0 Licensehttp://creativecommons.org/licenses/by/4.0/Outro Music: “Good God” by Wowa (unminus.com)Listen up—Malwarebytes doesn't just talk cybersecurity, we provide it.Protect yourself from online attacks that threaten your identity, your files, your system, and your financial well-being with our exclusive offer for Malwarebytes Premium for Lock and Code listeners.

Illegal dividends sound complicated, but we break them down in simple terms. In this episode, we share what counts as an illegal dividend, why they happen, and the steps you can take to avoid expensive problems. If you're a company director or shareholder, this is essential listening.What You'll Learn in This Episode What an illegal dividend is and why it matters. The tax consequences for the company and directors. How HMRC identifies illegal dividends. Practical steps to stay compliant and stress-free.Illegal Dividends ExplainedUnder the Companies Act 2006, dividends can only be paid from accumulated, realised profits. If your company doesn't have enough retained profits, paying a dividend is unlawful—even if your bank account looks healthy. It's a common mistake, especially when cash and profit are confused.Why Illegal Dividends Cause ProblemsThis isn't just a technical breach—it can trigger serious tax consequences, increase insolvency risk, and create personal liability for directors. Think of it like driving without insurance. You may not get caught immediately, but if things go wrong, the impact can be huge.Tax Consequences for the CompanyIf an illegal dividend is treated as a director's loan and not repaid within nine months of the year-end, HMRC charges an additional tax of 33.75% on the amount. This applies even if the company is making a loss. While the charge is refundable if repaid later, the wait is long and the cost can hurt cash flow.Tax Consequences for DirectorsDirectors can face extra tax on loans over £10,000, including a benefit-in-kind charge and Class 1A NIC. If the loan is written off, it's treated as additional income and taxed accordingly. In liquidation, illegal dividends can make directors personally liable for repayment, creating serious financial risk.How HMRC Identifies Illegal DividendsHMRC uses digital filing and iXBRL-tagged accounts to check for inconsistencies between reserves and declared dividends. If your accounts show negative reserves but dividends paid out, expect questions. This is an easy red flag for HMRC systems.Steps to Stay Compliant Check retained profits before declaring dividends. Don't confuse cash with profitability. Keep management accounts up to date using software like Xero. Consult your accountant if unsure. Repay unlawful dividends quickly if you make a mistake.Key TakeawaysIllegal dividends aren't worth the risk. Review your dividend policy, maintain accurate records, and seek advice when in doubt. Avoid unnecessary tax charges and personal liability by staying compliant and proactive.Links Mentioned in This Episode

NB I will put out my thoughts on the Comstock Inc (LODE.NYSE) earnings call in my mid-week commentary. A reminder: Sundays are for thought pieces, currently around gold as my book on that subject is about to come out. Midweek is for market stuff.“I'm Henry the Eighth, I am!Henry the Eighth, I am, I am!”Fred Murray and R. P. WestonHistory has given Henry VIII mixed reviews. Never mind the wife-killing, he was the king who boldly stood up to papal supremacy, paving the way for freedom, Reformation and the buccaneering spirit which marked the Tudor age. That said, I doubt Henry knew at the time what the long-term consequences of his papal stand-off would be.His Great Debasement, however, must be one of the greatest inflationary thefts by a ruler on their people in British history. Even William Pitt pales in comparison. Never speak ill of the dead and all that, but extravagant (and not in a good way), power-mad, and hypocritical are all adjectives that spring to mind about Henry VIII. Historian Simon Sebag Montefiore goes further, declaring him egotistical, paranoid and tyrannical, and listing him as one of History's 101 Monsters, alongside Vlad the Impaler and Adolf Hitler.How prosperity ended serfdomWhen Henry VIII was crowned king in 1509, the national finances were in rare good shape. His predecessor Henry VII had broken the mould of mediaeval English monarchs. Rather than wage war, he avoided it. His reign saw just one overseas conflict. He pursued marriages and alliances overseas instead. He had a formidable business brain: rather than resist economic change and new technology, he encouraged it - and then taxed it. In doing so, he built up extraordinary wealth for the Crown. He became the first English king for centuries to run a surplus. Imagine! His taxation and legislation of the nobility ended the power of the barons and, effectively, feudalism itself, while establishing the freedom of the mercantile classes to trade. England got its first blast furnace, and so began its iron industry. The wool trade blossomed, and the farming of sheep accelerated the decline of serfdom (land no longer needed working in the same way), and the country was changing to a money- rather than land-based economy. Henry VII also had new coins issued to ensure a standard currency. Weights and measures were also standardised (though not for the first nor the last time).Things however changed with his son, Henry VIII - and rapidly. One of Henry VIII's first acts, two days after his coronation, was to arrest the two men responsible for collecting his father's taxes, Sir Richard Empson and Edmund Dudley. He charged them with high treason and they were duly executed. Today's HMRC officers don't know how lucky they are.War is an expensive business, when you lose.Not a man known for his humility, he was happy to usher in the idea that kings had Divine Right, an issue that, 100 years later, would cause a civil war and the death of 200,000 people. Never mind his Great Debasement, which we will come to in a moment, the idea that a king was appointed by God and had Divine Right must be another of the greatest frauds perpetrated on a nation by its rulers. Anyone who dissented was treasonous or heretical, often executed without formal trial - or simply banished.He got involved in numerous costly and largely unsuccessful wars both on the continent and up north in Scotland. War is an expensive business when you lose. These, coupled with a personal extravagance that people are still talking about, meant he was constantly on the verge of financial ruin.To pay for it all he introduced numerous new taxes, including a tax on beards, which, given his own facial hair, has to go down as one of the ruling classes' great do-as-I-say-not-as-I-do moments. In 1523 he demanded 20% of people's income. (20% seems like a pipe dream today). He sold crown land, dissolved monasteries, and seized the assets of over 800 religious houses—land, gold, silver, everything—under the guise of reforming the church and rooting out corruption. Any money paid to Rome and the Pope was “redirected” to the royal coffers. In doing so he robbed local communities of their support systems - almshouses and so on. But still he couldn't get enough money - and so he ordered what became known as the Great Debasement. The amount of gold and silver in coins was reduced and, in some cases, replaced entirely with copper.Subscribe! Upgrade! You know you want to.Bad money drives out good - Gresham's observation which became lawIt began in 1542 with a secret indenture. Production of current coins would continue, but new coins would also be secretly minted, including the previously unsuccessful testoon, with significantly less gold and silver. The coins would be stockpiled in Westminster Palace. But in 1544, a lack of bullion arriving at the mint prompted the government into phase two of the scam and the debased coins were allowed to enter general circulation. Merchants soon discovered the new silver groats had been debased, and they began fetching a lower price. Coins of a similar value but with a higher precious metal content were hoarded and so disappeared from circulation - a classic case of bad money driving out good, as Gresham's Law goes. Not only a classic case - the actual case which made Thomas Gresham articulate his law in the first place. The king's testoons were copper coins with a thin layer of silver on top, not unlike Diocletian's denarii. Over time the silver would wear off, especially around the nose on Henry's face on the coin, which protruded a little and so wore away quicker, exposing the copper underneath. So did Henry VIII get the nickname Old Coppernose.If you are interested in buying gold and silver coins which haven't been debased, as always I recommend The Pure Gold Company. Pricing is competitive, quality of service is high. They deliver to the UK, the US, Canada and Europe or you can store your gold with them. More here.The debasement continued after Henry VIII's death in 1547, and was eventually revoked by his successor Edward VI in 1551. Over the course of the seven year debasement, the purity of gold coins slipped from 23 carat (96%) to 20 carat (83%), while silver coins steadily fell from 92.5% (sterling silver) as low as 25%. That's a theft of 83% of the silver.When Elizabeth I came to power in 1558, the debasement had affected both trading relationships (foreign merchants often refused to accept English coins) and confidence in the monarchy. Elizabeth's advisors William Cecil and Thomas Gresham persuaded her that these problems could be solved with sound money. Following Gresham's advice, the government passed a law which ended the legal tender status of debased coins but also banned “good” coins from entering foreign markets. Then in 1560 Elizabeth I had all debased coinage removed from circulation, melted down and replaced with higher fineness, newly minted coins - soon to be harder-to-clip milled rather than hammer-struck coins. The crown made a tidy £50,000 from the recoinage. That's seignourage for you.if you enjoyed this article, please like, share etc - it helps a lot.Stories like this fill the pages of The Secret History of Gold (although this one didn't actually make the cut).The Secret History of Gold is available to pre-order at Amazon, Waterstones and all good bookshops. I hear the audiobook, read by me, is excellent. The book comes out on August 28.Hurry! Amazon is currently offering 20% off.Until next time,DominicBitcoin, Gold and Hidden TaxesI recorded this interview when I was in Prague earlier in the summer. I actually forgot I did it, but Archie has just released it now, so if you fancy a fireside chat, here it is: This is a public episode. If you'd like to discuss this with other subscribers or get access to bonus episodes, visit www.theflyingfrisby.com/subscribe

This week's book guest is Human Rites by Juno Dawson.Sara and Cariad are joined by best selling author, Juno Dawson.In this episode they discuss Dawson's Creek, Sex and the City, Buffy, Doctor Who and Howard's dreadlocks.Thank you for reading with us. We like reading with you!Human Rites and the other books in the HMRC trilogy are available to buy here.Tickets for Sara's tour show I Am A Strange Gloop are available to buy from sarapascoe.co.ukCariad's children's book Where Did She Go? is available to buy now.Follow Sara & Cariad's Weirdos Book Club on Instagram @saraandcariadsweirdosbookclub and Twitter @weirdosbookclub Recorded and edited by Aniya Das for Plosive.Artwork by Welcome Studio. Hosted on Acast. See acast.com/privacy for more information.

Daily life depends US-based cloud computing. What happens if Trump decides to use it as a weapon against his enemies, as he does with tariffs? Just three American firms – Google, Amazon, and Microsoft – control around two-thirds of Europe's cloud infrastructure including the UK's Home Office, HMRC, Department for Work and Pensions, and MoD. Could Trump order his cowed techbro allies to simply cut us off? And is anyone preparing for moment when America could hold us to digital ransom? Kieron  O'Hara – computer scientist, philosopher and co-author with Wendy Hall of Four Internets – talks to Andrew Harrison.  • Buy Four Internets through our affiliate bookshop and you'll help fund The Bunker by earning us a small commission for every sale. Bookshop.org's fees help support independent bookshops too. • Support us on Patreon for early episodes and more. • We are sponsored by Indeed. Go to indeed.com/bunker to get your £100 sponsored credit. • Advertisers! Want to reach smart, engaged, influential people with money to spend? (Yes, they do exist). Some 3.5 MILLION people download and watch our podcasts every month – and they love our shows. Why not get YOUR brand in front of our influential listeners with podcast advertising? Contact ads@podmasters.co.uk to find out more. Written and presented by Andrew Harrison. Audio production by Robin Leeburn. Music by Kenny Dickinson. Art by Jim Parrett. Managing Editor Jacob Jarvis. Group Editor Andrew Harrison. THE BUNKER is a Podmasters Production www.podmasters.co.uk Learn more about your ad choices. Visit podcastchoices.com/adchoices

Kristina Novak (Principal in PwC's US National Tax Services Transfer Pricing Practice) is joined by James Andrews (PwC UK Tax Partner and UK Transfer Pricing Leader), Sonia Watson (Transfer Pricing Partner at PwC UK), and Sara Harris (Director at PwC UK and former HMRC TP Policy Team Leader).  Kristina and her guests discuss the UK government's proposed reforms to transfer pricing, permanent establishments, and the Diverted Profits Tax. They outline HMRC's expanding audit activity, the new UK transfer pricing (TP) documentation rules effective from April 2023, and the critical implications for penalty exposure and statute of limitations. The conversation covers two current consultations: one aimed at reforming the rules governing transfer pricing, permanent establishment, and Diverted Profits Tax, including the removal of UK-UK TP requirements and changes to financial transactions; and a second introducing the International Controlled Transactions Schedule reporting requirement and narrowing SME exemptions. The episode closes with advice on documentation best practices, evidence expectations, and why governance, not just documentation, defines TP risk posture today.Support the show

HMRC are warning people to be vigilant against scammers at this time of year, as bogus messages are being sent to thousands of people across the UK about winter fuel payments.  Hywel Davies has been finding out how you can stay safe online. Image shows the RNIB Connect Radio logo. On a white background ‘RNIB' written in bold black capital letters and underline with a bold pink line. Underneath the line: ‘Connect Radio' is written in black in a smaller font.

Drilling for oil in the North Sea raised legal questions about corporation tax deductions. https://uklawweekly.substack.com/subscribe Music from bensound.com

The UK has moved to a residency-based tax system, and the rules aren't just complex, they're strict. Whether you're planning to return home full-time or just thinking about splitting your time between the US and the UK, this episode is essential listening.Richard Taylor is joined by listener favourite and raconteur Aidan Grant – a partner in the tax and trust estate team at Collyer Bristow. Aidan and Richard explore:·      How the UK's Statutory Residency Test (SRT) works (and how easy it is to trip over it)·      The four key ties HMRC uses to determine how many days you can spend in the UK·      Why pre-arrival tax planning is still critical, even under the new system·      What happens if you inadvertently trigger UK tax residency·      When and how to claim split year treatment or treaty relief·      The four-year ‘foreign income and gains' regime, and how to use it strategically·      Why staying under the threshold in early years can protect you from UK inheritance tax down the lineIf you're a Brit in America considering a return home, or even just thinking of spending part of the year working in the UK,  this episode could save you a lot of money, time, and stress.To get more insights like this direct to your inbox, sign up at www.planfirstwealth.comWe're the Brits in America is affiliated with Plan First Wealth LLC, an SEC registered investment advisor. The views and opinions expressed in this program are those of the speakers and do not necessarily reflect the views or positions of Plan First Wealth. Information presented is for educational purposes only and does not intend to make an offer or solicitation for the sale or purchase of any specific securities, investments, or investment strategies. Investments involve risk and unless otherwise stated, are not guaranteed. Be sure to first consult with a qualified financial adviser and/or tax professional before implementing any strategy discussed herein. Plan First Wealth does not provide any tax and/or legal advice and strongly recommends that listeners seek their own advice in these areas.

Online Darts Double Trouble with Chris Mason | Episode 2 | The Highs and Lows of Ranking Money "You earn all this money, but obviously you don't get all that money you see them, you know, that they're earning even with the greatest accountant in the world you get flogged by the HMRC and then you get mortgages and you buy a nice house and you get a bigger car and then all of a sudden, ooh, how am I gonna pay for all of this"

Collect unlimited free verifiable CPD for UK Dentists here >>>  https://www.dentistswhoinvest.com/video/1———————————————————————Navigating the seismic shift in UK tax reporting that is about to impact dental professionals across the country. Making Tax Digital (MTD) represents one of the most significant changes to self-assessment in decades, yet many dentists remain unaware of what is coming or how it will affect their practice finances.From April 2026, self-employed dental professionals with income exceeding £50,000 will need to abandon paper records and begin making quarterly digital submissions to HMRC through compatible software platforms. But the devil truly is in the details. While some practitioners will be immediately captured by these new requirements, those operating through limited companies may find themselves temporarily shielded, provided they do not have significant additional income streams.We break down exactly who will be affected and when, explaining how the threshold will progressively decrease from £50,000 in 2026 to £30,000 in 2027 and eventually £20,000 in 2028. The distinction between different income sources proves critical, with dividends notably excluded from threshold calculations while property income must be counted alongside self-employed earnings. For those with multiple income streams, the administrative burden increases substantially, potentially requiring eight separate quarterly submissions annually rather than the current single return.Practical preparation steps are essential, from establishing dedicated business bank accounts to exploring MTD compatible software solutions. Despite the challenges, there are potential benefits too, including more regular visibility of your financial position and tax liabilities throughout the year. Whether this affects you immediately or in subsequent years as thresholds decrease, understanding these changes now will prevent unnecessary stress as implementation deadlines approach.Click the link in our description to access the free verifiable CPD associated with this episode. Complete the questionnaire, add your reflections, and we will email your certificate to contribute to your CPD hours for this learning cycle.———————————————————————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 a text

In this week's AJ Bell Money and Markets podcast, Charlene Young and Danni Hewson dive into the latest financial news, from Trump's latest tariff manoeuvres [02:00] to Elon Musk's surprise announcement of a new US political party and what that could mean for Tesla [08:47]. They explore how markets are responding to these unpredictable headlines, including the impact on copper prices [06:00] and the so-called "TACO trade." Back in the UK, there have been some big developments affecting housebuilders [12:57], an underwhelming preview from Shell [14:58], and pressure mounting on the government's finances [17:39] — particularly the ballooning cost of the State Pension triple lock. The episode also sheds light on a worrying HMRC issue: over 600,000 people have been fined for not filing tax returns despite owing no tax [21:31]. Later in the show, Shares magazine's Tom Sieber spotlights his investment trust dividend heroes [24:51], and James Flintoft joins Danni to analyse AJ Bell fund performance in Q2 and what may shape markets in the second half of 2025 [29:13].

HMRC are making sure that young people have all the things they need to be ‘summer-job ready'. Hywel Davies has been hearing about the new features in the accessible HMRC app.

As the current series of The Tax Factor draws to a close, Nimesh Shah and Heather Self serve up a final episode looking back over the last 12 months. From the arrival of a new Labour government to the twists and turns of the Chancellor’s fiscal manoeuvrings, it’s been a year of tax drama, policy pivots, and HMRC under the microscope. There’s a sense of déjà vu as we head into the summer break - more questions than answers, and a tax landscape still in flux. Plus, in honour of Wimbledon week, we can’t resist a final rally with the VAT query of the season: the M&S strawberries and cream sandwich.See omnystudio.com/listener for privacy information.

This week on The Tax Factor Neil Insull and Suzanne Briggs look at Reform’s controversial proposal for a 'Britannia Card' that would let wealthy foreigners pay a £250k fee to move to the UK and live exempt from all tax, and a significant rise in HMRC investigations into high earners, signalling a more aggressive compliance strategy. Elsewhere, the tax gap among SMEs is growing - what’s causing it, and how might it be closed? Plus, in estate planning news, Glastonbury founder Michael Eavis may have struck the right chord with tax planning that could legally bypass £80 million in inheritance tax. And finally, as Wimbledon serves up bigger prize pots, Neil and Suzanne reveal how it’s also serving HMRC a bigger slice of the winnings.See omnystudio.com/listener for privacy information.

We've managed to cobble together another themed Q&A episode, this week dealing with questions around Inheritance Tax, Trusts and Care planning. Lots for Roger and Pete to get stuck into! Shownotes: https://meaningfulmoney.tv/QA18  00:48  Question 1 Hi Pete, Hi Rog, Thanks for your ongoing work on the Podcast, I've been listening for many years and have learned a great deal from you both. Keep up the good work! My question is in relation to trusts. My parents, both aged 70, have recently got round to updating their wills, putting POA in place for finance and health and have been in discussion with a solicitor about putting a trust in place, primarily to safeguard their assets from being used up in the event of them having to go into care in later life. At present I believe their estate to be approximately £600,000 including their house which I would imagine is worth approximately £250,000. The rest is made up of savings. I don't believe their estate would be subject to inheritance tax so I don't believe this is the reason for setting up a trust. I have listened back to your previous episodes on trusts but I was wondering, firstly whether much has changed since these podcasts in relation to the general setting up and management of a trust? Secondly I wondered if you could explain the negatives to my parents putting the majority of their assets into trust, namely are there any ongoing fees, can my parents take assets out of the trust should they need to and what are the tax implications for the beneficiaries when my parents pass away? Would any of these things change in the period where only one of them has passed away? I appreciate this is a huge topic and you may not be able to address all of these queries but it appears they have been advised of the positive parts of this process but I would like to ensure we are aware of the potential pitfalls. Thanks once again! Jon 11:10  Question 2 Hi Pete and Roger, Still loving the show and I'm enjoying the current variation in format - keep up the fantastic work! My question relates to estate planning: My wife and I own our home (mortgage free) 50/50 as tenants in common. We have up-to-date wills, LPAs, expressions of wishes and "Dead Files" set up. Each half of the house will be left to our daughter as and when, with the appropriate "right to reside" wording in place for the remaining partner. We are both in our late fifties, so hopefully not needed for many years yet. The IHT side is fine as it's just numbers - allowances and values etc. What I can't quite get my head around is any potential CGT liability for our daughter following the second death. Not so much for the financial impact, as she is already comfortable in her own right (with my and - via the podcast - your encouragement over the years) and will inherit further monies when we pass, but more from a planning perspective. I have looked online and disappeared down several rabbit holes, but from what I can gather although she inherits half the house on the first death, essentially because the surviving partner continues to live in it and therefore any actual money can't be realised, CGT is only calculated from the date of the second death (assuming she sells the house at that point). Is this correct, or will her CGT liability on half of the value start on the first death and be based on (half of) the house valuation at that time, as obtained for that probate? Maybe I'm taking the planning a little too far, but I like to be prepared. These circumstances will be more and more relevant to families over time, I'm sure. Your usual wisdom and common-sense views would be very much appreciated (even if the answer is "...it depends!"). Thank you again for the information and humour the two of you provide each week - long may you continue! Best wishes, Glen 16:11  Question 3 Hi guys Thank you both for a great podcast, big shout-out to Rog because he gets missed off sometimes in these testimonials – genuinely wish I had found this podcast years ago. Have made so many past mistakes but now correcting them one by one! I have a question about care costs which I hope you could answer. My mum is suffering from late stage dementia and my dad who is her 24/7 carer is struggling to cope (they are both 80yo). I have PoA for my mum and am trying to involve myself more in her care plan going forwards. Care (in the home initially) is going to be required and I was wondering how this is paid for. My parents worked hard and have reasonably large savings and investments in both their individual names and in joint names and the extent of these means they would have to pay for care. What we are not clear on is whether money or investments in my mum's name would ONLY be used to pay for her care or whether jointly held money or investments would be used or whether anything in my father's name would also be used to pay for care? I've tried to find the answer to this online but cannot find a clear answer so remain confused! Also are there things that we should be doing to manage this better – end of life planning, trusts etc etc? My dad worked incredibly hard to provide something to his grandchildren and he is actively putting off getting help and harming himself for fear that he won't be able to pass something down to his grandchildren – this is incredibly sad and feels cruel. Any advice that you could give would be much appreciated. Keep up the great work David R 23:30  Question 4 Hello Pete & Roger, Firstly I want to say thank you so much for all the work you do to teach all us mere mortals how to navigate the world of personal finance. I have a question: Everyone talks about merging finances with a partner and then having children. I am in my mid 40s and my children are early 20s. I have a partner and I hope to move in with him one day (he has no children) I might move in with one of mine. How do I protect what I currently have and ensure that goes to my boys? He has considerably more than I do and I don't expect him to support or pass anything on to my boys. I understand I don't want to do a mirror will but would I do a “prenup”? We aren't getting married. Is there a cut off point “moving in day” where everything after that is split 50/50 with the new partners? Or am I over thinking this? I have been through one divorce and don't want to again but I do want to protect what is mine for the sake of my boys. Any advice would be very welcome. Thank you and keep up the AMAZING work. Kind regards, Carla. 28:56  Question 5 Hi Pete, Roger, Nick, Ruth and everyone else in your fantastic team. I have a few questions around a niche scenario that I can't find answers to online. I'm hoping you can point me in the right direction. My parents-in-law were convinced to transfer their home into an asset protection trust in the past before I met them (more than 10 years ago, as I think that's relevant). They were told it would help avoid having to pay care costs. They now know this was never going to be suitable for them, and are looking to mitigate the damage. I suspect the names McLures Solicitors, Jones Whyte, Andrey Robertson and Cynthia Duff might be depressingly familiar to you. The ownership of the house was changed to tenants in common, and each of them transferred their half of the house to a separate trust. So there was the Mr M trust and the Mrs M trust. The trusts were set up such that Mr M and 2 financial advisers were the trustees of the Mr M trust; Mrs M and the 2 financial advisers were the trustees of the Mrs M trust. The trust deed gave the settlors the right to add or remove trustees during their lives. When I started to look at this, I felt there were 3 stages to resolve this: 1. Change the trustees to a more sensible arrangement. 2. Update the land registry with the correct trustees. 3. Decide whether to end the trusts. I knew the first 2 steps were going to need a solicitor, who my parents-in-law found. However, the first 2 stages have now been resolved. So, they're now looking at the final stage - deciding whether to end the trusts. It's clear their current solicitor isn't going to be right for them for this part. I think the disadvantages to leaving the trusts in place are: - If either of them need care in the future, I don't think the trusts will make any difference in the local authority's means assessment. - The property is likely unmortgageable if they should need any kind of equity release in the future, for example to pay for care. - Neither trust has been registered with HMRC due to the original solicitors ceasing trading. There might therefore be a tax charge/penalty charge, and an obligation to file periodic tax returns for the trusts. Their preference is to wind up the trusts, but are there any pros to leaving them in place? And are there any cons I haven't thought of already? Knowing that "should" is a dirty word in financial advice, I'm trying to find out whether ending the trusts might have any drawbacks or tax liability. My understanding is that they each transferred their share of the property to the trust when the house was valued at £X. If the trusts are ended, they'll receive the property back at a value of £Y. My questions are: - Is there any tax liability, based on the difference in property value between £X and £Y? - Could they be entitled to any tax reliefs based on their circumstances? - Are there any other drawbacks you can think of that we might not have considered? I know you can only give general information and guidance, but I couldn't work out an answer to this myself. I couldn't even work out which type of professional they should speak to - a solicitor, accountant or financial adviser. I'd be really grateful if you could point us in the direction to get some personalised help. Many thanks, Mathew 33:55  Question 6 Hi Pete, Roger, As a long-time listener and viewer of your channel, I appreciate your insights on keeping costs low, investing in global funds, ensuring tax efficiency, and the benefits of long-term investing. My wife and I have recently become a grand-aunt and grand-uncle. Rather than giving the usual presents, we'd like to do something more practical by investing regularly (£100/month) for our grandniece—after all, there's no better time to start long-term investing than from birth. Likewise, we're comfortable investing 100% in equities, given the long time horizon. On the surface, I suspect you'd recommend a Junior SIPP or a Junior ISA. However, the challenge is that she (and her parents) are French citizens, living in France and paying taxes there. While I appreciate that you focus on UK matters, are you able to provide any pointers on how we could invest in a low-cost global fund for her under these circumstances? Many thanks for your time and any guidance you can offer. John

Bullied almost every day as a shy, small-built expat kid in London, Ash quickly realized that survival wasn't about being the loudest in the room, it was about finding your people. The lack of connection in those early years made one thing painfully clear: community isn't a luxury, it's oxygen. Ash powered through adversity, earning degrees from MIT and Oxford, not just collecting certificates, but building a mind sharpened by code and a heart tuned to human behavior. He went on to lead major tech projects for the BBC, HMRC, and the UK Government, impacting millions of lives — but something was missing. That "something" became Odd Circles, his bold answer to a quiet crisis: coaches, mentors, and solo experts stuck in isolation, overbooked and underpaid, struggling to grow in a world demanding scale. With Odd Circles, Ash built more than a SaaS platform — he built a movement, helping coaches turn one-way content into two-way conversations, followers into paying members, and burnout into belonging. Today, thousands of creators and experts use Odd Circles to build communities that 3x their income, but more importantly, they build circles where no one feels like the odd one out. Key Moments [03:52] "School Fest Drama Breakthrough" [08:29] Corporate Travel Burnout Reflection [13:11] Entrepreneurs: Unique Journeys and Wins [14:15] Founder with User-Centric Approach Find Ash Online https://www.linkedin.com/in/ash-l-odd-circles/https://www.oddcircles.com/ If you're enjoying Entrepreneur's Enigma, please give me a review on the podcast directory of your choice. The show is on all of them and these reviews really help others find the show. iTunes: https://gmwd.us/itunes Podchaser: https://gmwd.us/podchaser TrueFans: https://gmwd.us/truefans Also, if you're getting value from the show and want to buy me a coffee, go to the show notes to get the link to get me a coffee to keep me awake, while I work on bringing you more great episodes to your ears. →  https://gmwd.us/buy-me-a-coffee or support me on TrueFans.fm → https://gmwd.us/truefans. Follow Seth Online: Seth | Digital Marketer (@s3th.me) Seth Goldstein | LinkedIn: LinkedIn.com/in/sethmgoldstein Seth On Mastodon: https://indieweb.social/@phillycodehound Seth's Marketing Junto Newsletter: https://MarketingJunto.com Leave The Show A Voicemail: https://voiceline.app/ee Learn more about your ad choices. Visit megaphone.fm/adchoices

In this episode,  Jim Lee (Global Head of Capacity Building, Chainalysis) sits down with Richard Las (Chief Investigation Officer, Director Fraud Investigation Service, HM Revenue & Customs) to discuss cutting-edge developments in tax fraud investigations. Richard shares his experience in managing a multi-faceted team and emphasizes the importance of international collaborations in combating financial crime, while sharing HMRC's approach to tax compliance, the impact of technological advancements in investigation and the role of public-private partnerships in reinforcing global financial security. The episode highlights the use of intelligence-led investigations, showcasing how data and private sector partnerships augment HMRC's efforts and how strategic data analysis aids in the fight against tax evasion, particularly with regard to burgeoning areas like crypto assets.  Minute-by-minute episode breakdown 2 | Richard Las' background and his role at HMRC 4 | HMRC's fraud investigation service and capabilities 7 | Tax obligations for crypto holders in the UK 10 | Civil vs criminal tax offenses in undisclosed crypto gains  12 | International cooperation against tax evasion 15 | Public Private Partnerships and leveraging crypto service providers Related resources Check out more resources provided by Chainalysis that perfectly complement this episode of the Public Key. Website: HMRC: UK's tax, payments and customs authority Report: HMRC Internal Manual: Cryptoassets Manual Guidance: 01Jan2026: New data collection and reporting requirements for UK Cryptoasset Services Forum: HMRC Community Forums - Crypto Tax (BETA) Blog: Huione Carries On: Chinese-Language Platform's Persistence Reveals the Complexity of On-chain Financial Crime Disruption Announcement: Chainalysis and Aptos Foundation Partner to Increase Trust and Security YouTube: Chainalysis YouTube page Twitter: Chainalysis Twitter: Building trust in blockchain Speakers on today's episode Jim Lee *host* (Global Head of Capacity Building, Chainalysis) Richard Las (Chief Investigation Officer, Director Fraud Investigation Service, HM Revenue & Customs) This website may contain links to third-party sites that are not under the control of Chainalysis, Inc. or its affiliates (collectively “Chainalysis”). Access to such information does not imply association with, endorsement of, approval of, or recommendation by Chainalysis of the site or its operators, and Chainalysis is not responsible for the products, services, or other content hosted therein. Our podcasts are for informational purposes only, and are not intended to provide legal, tax, financial, or investment advice. Listeners should consult their own advisors before making these types of decisions. Chainalysis has no responsibility or liability for any decision made or any other acts or omissions in connection with your use of this material. Chainalysis does not guarantee or warrant the accuracy, completeness, timeliness, suitability or validity of the information in any particular podcast and will not be responsible for any claim attributable to errors, omissions, or other inaccuracies of any part of such material.  Unless stated otherwise, reference to any specific product or entity does not constitute an endorsement or recommendation by Chainalysis. The views expressed by guests are their own and their appearance on the program does not imply an endorsement of them or any entity they represent. Views and opinions expressed by Chainalysis employees are those of the employees and do not necessarily reflect the views of the company. 

This week on The Tax Factor Rehana Earle and Ele Theochari look at possible U-turns on the non-dom regime, with Rachel Reeves reportedly reconsidering inheritance tax on global assets amid City concerns. They also discuss the High Court ruling that allows VAT on private school fees, rising tax receipts including a 14% hike in IHT, and a delayed Tax Freedom Day as fiscal drag bites. Plus, we revisit Making Tax Digital, with new guidance ahead of the rollout is HMRC going to be helpful to tax payers and agents around the new tax reporting framework?See omnystudio.com/listener for privacy information.

In this insightful and highly practical conversation, Jeannette Linfoot welcomes back Chris Wilkins, an esteemed accountant and tax expert from Wilkins Southworth. Chris delves into his fascinating journey into the world of tax, from childhood inspiration to navigating complex international finance deals. The episode explores the significant "brain drain" of high-net-worth individuals from the UK due to recent tax policy changes, discussing the economic repercussions and the critical need for up-to-date tax advice. Chris provides invaluable guidance for various financial situations: from tax-efficient strategies for startup entrepreneurs (including VAT and partnership structures) to optimizing tax for multiple business owners. He unpacks the evolving landscape of property investing in the UK, detailing the impact of Section 24 and changes affecting furnished holiday lets. A crucial segment addresses the tax implications for unmarried couples versus married couples, particularly concerning capital gains and inheritance tax, and the often-overlooked necessity of updating wills upon marriage. Finally, Chris offers vital advice for those nearing retirement, highlighting recent pension and business inheritance tax changes that could dramatically affect legacy planning. This episode is a must-listen for anyone looking to understand and optimize their financial position in a constantly shifting tax environment. Top Takeaways Accountancy is a dynamic field, not just "men in grey suits." Staying current with tax legislation is crucial for effective advice. The UK is experiencing a "brain drain" of high-net-worth individuals. Changes to domicile rules are driving an exodus of taxpayers. Losing high earners impacts social services and the average person. The Laffer Curve illustrates optimal tax rates for revenue. Startup entrepreneurs can use VAT thresholds for competitive pricing. Partnerships can optimize income tax by splitting profits. Limited Liability Partnerships (LLPs) offer protection and tax benefits. Tax planning must align with legal entity structure. HMRC scrutinizes property incorporation schemes. Section 24 (Tenant Tax) significantly impacts buy-to-let landlords. Furnished Holiday Lettings tax rules have become less generous. Unmarried couples face distinct capital gains and inheritance tax challenges. Marriage invalidates previous wills in the UK. Pension inheritance tax rules have changed, impacting legacy planning. Proactive tax planning is essential to avoid detrimental surprises. "To know and not to do is to not know." "People who fail to plan, plan to fail." Sound Bites "Life started from a tax point of view when my mum... went to see her accountant." "The image of accountancy is that it's like men in grey suits and... it's quite boring but it's not at all." "You gotta keep on reading about tax and learning about it." "There seems to be a bit of an exodus from the UK right now." "If the 1% the top 1% go, who's gonna pay the tax?" "You just gotta kind of block out the noise and just keep your eyes focused on whatever it is that you want." "I'm going in there to collect as much as I possibly can." "It's a very YouTube idea, I love it." "Recovery is very important in our sport." "Come as you are, leave as more." "Your struggles are not your limitations." "Bravery is speaking truth to power." "Don't just climb the ladder, create an elevator." "Embracing failure is a powerful gift." "Your will wouldn't have said I leave X to my spouse, 'cause you weren't married before. But now you are." "To know and not to do is to not know." "People who fail to plan, plan to fail." Chapters 00:00 – Welcome Back Chris Wilkins! 00:37 – Chris's Journey into Accountancy 02:30 – The Dynamic Reality of Accountancy 04:40 – The UK "Brain Drain" 07:49 – Economic Repercussions 14:33 – Tax Strategies for Startup Entrepreneurs 19:40 – Evolving Business Structures 23:26 – Optimizing for Multiple Businesses 25:58 – Property Ownership & Capital Gains Tax Changes 28:42 – The "Guest House" Case Study 32:40 – The Value of Comprehensive Tax Advice 35:00 – Property Investing Today 43:18 – Tax Implications for Unmarried Couples 46:36 – The Critical Importance of Wills 48:48 – Tax Planning for Retirement 51:51 – Final Thoughts: Plan to Succeed About the Host Jeannette Linfoot is a highly regarded senior executive, property investor, board advisor, and business mentor with over 30 years of global experience across travel, leisure, hospitality, and property sectors. Known for her down-to-earth leadership style, Jeannette champions diversity and inclusion and is passionate about nurturing talent to help others reach their full potential. She hosts Brave Bold Brilliant to inspire and equip leaders to drive impactful change. [Follow Jeannette Linfoot] Website: https://brave-bold-brilliant.com/ LinkedIn: https://uk.linkedin.com/in/jeannettelinfoot YouTube: https://www.youtube.com/@braveboldbrilliant Instagram: https://www.instagram.com/jeannette.linfoot/ Facebook: https://www.facebook.com/jeannette.linfooti/ Podcast: https://podcasts.apple.com/gb/podcast/brave-bold-brilliant-podcast/id1524278970 About the Guest – Chris Wilkins Chris Wilkins is an experienced accountant and tax expert, serving as a key figure at Wilkins Southworth. With a career spanning decades, Chris has navigated complex financial landscapes, from his early days inspired by a traditional accountant to advising on international deals and helping clients optimize their tax positions. He is known for his ability to simplify complex tax legislation, provide strategic advice tailored to individual circumstances, and help businesses and individuals protect and grow their wealth. Chris is a strong advocate for proactive tax planning and staying current with ever-evolving financial regulations.

This week on The Tax Factor, Ola Adigun and Robert Salter ask where the money might come from to fund the major Government spending pledges we've been hearing about. With little room for manoeuvre, Robert suggests the Chancellor may revisit measures such as fuel duty, car benefits, and road tax and could there be a U-turn on previous manifesto commitments? Meanwhile, HMRC continues to battle poor public perception. Will the new outsourcing plans improve customer service, or just add to the frustration? And in a less-than-rhythmic move, HMRC wins a tribunal ruling to impose VAT on personal dance tuition - a decision that could have broader implications for education providers.See omnystudio.com/listener for privacy information.

Morse code transcription: vvv vvv Winter fuel payment U turn in place this year, says chancellor A ha star Morten Harket diagnosed with Parkinsons disease 200 year old condom displayed in Amsterdam museum Are the surprise airfield attacks a turning point for Ukraine Musk turns on Republicans and gives Trumps bill a harder path Scammers stole 47m from HMRC in phishing attack Madeleine McCann Diggers brought in to help with search in Portugal Trump speaks with Putin about Ukraine and Iran Body found in search for stag party Scot missing in Portugal Free school meal rule change to make 500,000 more pupils eligible

Send us a textThe technological revolution isn't coming—it's already here, dismantling traditional business models and reshaping our economic landscape before our eyes. McKinsey's recent firing of 10% of its workforce, openly blaming AI disruption, signals a profound shift that extends far beyond consultancies.This episode dives deep into how artificial intelligence is fundamentally altering employment prospects across all sectors. Bill Gates predicts 80% of job losses within a decade, making it essential to understand how these changes will affect your career trajectory—regardless of your industry or position. We explore practical ways to position yourself ahead of this technological wave rather than being swept away by it.The racial dimension of technological change cannot be ignored, as evidenced by Google's $50 million settlement for bias claims and a shocking LinkedIn experiment where a Black woman changed her profile picture to that of a white woman named "Emily"—immediately receiving interview opportunities previously denied to her. These revelations expose the systemic biases being encoded into the very algorithms meant to streamline hiring processes.For working parents, particularly mothers, the post-pandemic push to return to office-based work adds yet another layer of complexity in an already challenging economic environment. The dismantling of flexible working arrangements disproportionately impacts women who often serve as primary caregivers, forcing many skilled professionals out of the workforce entirely.From HMRC's plans to tax interest on savings accounts to the European pharmacy advantages discovered during a Paris trip, this episode offers practical insights for navigating financial challenges in what increasingly feels like a financial police state. The conversation wraps with a comprehensive update on the Diddy trial, examining the testimony and implications of this high-profile case.Understand the forces reshaping our economic reality and equip yourself with the knowledge to thrive rather than merely survive in this rapidly evolving landscape.Sponsorships - Email me: hello@toyatalks.com Cc: toyawashington10@gmail.comTikTok: toya_washington Twitter: @toya_w (#ToyaTalksPodcast) Snapchat: @toyawashington Instagram: @toya_washington & @toya_talks www.toyatalks.comhttps://toyatalks.com/Music (Intro and Outro) Written and created by Nomadic Star

It’s a week of big questions and Nimesh Shah and Tomm Adams are on hand to dig into them. Why does HMRC think clawing back Winter Fuel Allowance from wealthier pensioners via self-assessment is even remotely workable? Has anyone noticed fuel duty has remained frozen for nearly 15 years? Why did Walkers take their Popadom VAT case to the Upper Tribunal? As politicians across the spectrum line up to make expensive promises, Nimesh and Tomm ask: who’s actually going to pay for it all as the tax burden soars?See omnystudio.com/listener for privacy information.

This week on The Tax Factor, Heather Self and Roger Holman ask whether Angela Rayner should stop auditioning for Chancellor after her tax policy ideas were leaked and heavily critiqued. Meanwhile, HMRC is getting heat from all directions: the National Audit Office questions its handling of wealthy taxpayers, and the Public Accounts Committee says the tax system is spiralling into complexity, public trust is fading, and confidence in HMRC’s IT overhaul is shaky at best. Scottish Power had a fine reduced to £1 but paid £28 million in compensation. The big question: can that be claimed as tax deductible? HMRC and Scottish Power don’t see eye to eye.See omnystudio.com/listener for privacy information.

This week on The Tax Factor, Rehana Earle and Neil Insull discuss the closure of the historic Beales department store after 144 years, blamed on rising taxes and a worsening business climate. With the CIPD warning of a prolonged drop in employer confidence, what does the future hold for the UK labour market? Next, they examine a surprising tribunal victory, where a taxpayer successfully argued that their luxury property, complete with marble swimming pool and expansive wine cellar was their main home, defeating HMRC. Finally, could President Trump’s proposed 100% tariffs on TV and film production deal a major blow to Britain’s thriving creative industries?See omnystudio.com/listener for privacy information.