Podcasts about hmrc

For British expats in America drawing income from a UK pension, the NT tax code has long been a straightforward, if slow, way to avoid being taxed at source in the UK on income that should only be taxable in the US. But something appears to be changing at HMRC, and what was once a simple administrative process is becoming unpredictable, inconsistent, and in some cases, actively obstructed. In this From the Trenches episode of Expat Wealth, Richard Taylor, Chartered Financial Planner and founder of Plan First Wealth, and business partner James Boyle share three real client cases that have taken them by surprise. The first involves a client who applied for an NT tax code over two years ago and has since had it granted on two of his three UK pensions, with no explanation as to why the third was excluded. The second is a case where HMRC outright rejected an application, claiming the pension in question was not a registered pension scheme, despite it clearly being one, an apparent administrative error that now requires a drawn-out correction process. The third case, and perhaps the most concerning, involves a client who followed expert advice to the letter. Working with a US-UK cross-border tax advisory team, he took small, regular UFPLS withdrawals from his SIPP, a strategy designed to have pension income treated as ongoing payments rather than a lump sum. Despite the amounts falling well below HMRC's own published thresholds, the claim was rejected on the basis that the payments constituted a lump sum, a position that surprised even the specialist tax advisers involved. Richard and James discuss what these cases might signal about a broader shift in HMRC's stance, particularly in light of recent guidance clarifying how lump sums from UK pensions are defined and taxed. They stress that while the US-UK tax treaty should ultimately protect expats from double taxation, the mechanics of resolving these disputes can be time-consuming, expensive, and deeply frustrating. Whether you hold a UK SIPP, are considering applying for an NT tax code, or have already hit a roadblock with HMRC, this episode offers a candid look at a process that is no longer as routine as it once was, and why having the right cross-border tax advice matters more than ever. -- Expat Wealth is supported by Plan First Wealth. Plan First Wealth is a Registered Investment Advisor serving fellow expatriates and immigrants living across the US on matters such as retirement planning, investment management, tax planning and non-US asset management. https://planfirstwealth.com/ -- Expat Wealth 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. ABOUT RICHARD: Richard Taylor is a British expat, dual citizen (UK & US). Originally from Bolton, he now lives in Greenwich, CT, where Plan First Wealth has its head office. As the firm's leader, Richard launched Taylor & Taylor, now Plan First Wealth, and continues to fuel the firm's growth. Richard is a Chartered Financial Planner (UK – CII) in addition to holding the IMC (CFA UK) and Series 65 (US – FINRA). Connect with Richard on LinkedIn

A weekly news show informing you on the latest in Bitcoin, privacy and open source tech, hosted by Ungovernables, Max and Q.AOBQ: short weekend trip to LisbonQ: Envoy v2.3.4 out -- stability and maintenance release; faster Bluetooth firmware updates for Passport Prime, bug fixes and further Tor connectivity improvementsQ: Legacy Mode beta for Passport Prime -- optional app porting Ledger's open-source device applications to KeyOS so users can manage alt coin holdings on open-source hardware; not installed by default, device stays Bitcoin-only if ignoredMax: bought a Stanley flask and a robot vacuum and mop combo NEWSCLARITY Act dies in the US Senate 49-50, eleven votes short of the 60 needed for cloture; every Democrat who voted said no, joined by Republicans Collins, Hawley and Moran; the final text dropped the explicit criminal protection for non-custodial developers against 18 USC 1960 charges -- the same law used against the Samourai and Tornado Cash developers -- keeping only civil protections; Senator Lummis warned failure leaves no realistic chance this decade; the SEC and CFTC immediately signalled unilateral rulemaking -- CoinDesk, Newsweek, TFTC, The Rage, TFTC, Coin CenterTwo days after the CLARITY Act failed, the CFTC sent a pre-rule rulemaking titled "Regulation Crypto Asset Transactions and Regulation Crypto Asset Markets" to the White House for review; contents are not public but expected to create a path for crypto spot exchanges to operate under CFTC oversight; prepared in advance and filed immediately once Congress failed to act -- PYMNTS, CoinDesk, The DefiantCFTC Staff Letter 26-25 extends to all qualifying developers the no-action relief Phantom received in March; software that passes user orders to CFTC-registered futures firms without holding assets, generating signals or controlling routing does not need to register as an introducing broker; not law, can be withdrawn at any time, and does not protect wallet developers from DOJ money-transmission charges -- TFTC, CFTCThe FCA, HMRC and Metropolitan Police raided three London premises on September 10 targeting unregistered peer-to-peer crypto trading operations and issued cease-and-desist letters at all three; the FCA says not a single P2P crypto business is registered in the UK; the second coordinated enforcement action this year, following raids across eight locations in April which are now feeding criminal investigations; the UK's full crypto regime begins October 2027 -- CoinDeskHodl Hodl shipped "enhanced bitcoin security scoring" on September 18 that checked incoming bitcoin for red flags and blocked trades with a bad score; after user backlash Anna from the team posted on September 19 that they got it wrong, it shipped without warning and was explained poorly, and it is now disabled; if it returns in any form it will be disclosed beforehand; scoring coins for red flags is taint analysis, and Hodl Hodl's position holding one key on every 2-of-3 multisig trade is what makes this kind of screening possible -- Hodl Hodl on X, Anna (Hodl Hodl) on XThe Rage argues the Strategic Bitcoin Reserve created by Executive Order 14233 may exist only on paper; no reserve office appears in Treasury's public org chart or the 2025 Fiscal Report; Bloomberg reported in July that Treasury and Commerce were still disputing who has authority to run it; the House Financial Services Committee advanced the ARMA bill 28-21 on September 16 ordering agencies to keep custody of their bitcoin until the reserve is "fully established and certified operational"; a FOIA request for records on the reserve office is still pending -- The RageLiquid peg-outs remain paused two weeks after the $320M exploit; 3,400 BTC was returned and blocks resumed September 10 but 598.5 BTC remains with the attacker; the federation says peg-outs will resume only after 1:1 backing is confirmed and software updates and independent security reviews are complete, with no date given; L-BTC holders can only sell or swap through services like AQUA's Indra where liquidity is limited -- Liquid_BTC on X, Liquid incident reportJAN3 launched Indra on September 15, its own Lightning-Liquid swap backend for AQUA, after Boltz suspended service in August following sustained AI-assisted attacks; for now it only handles Lightning sends paying invoices from L-BTC, with receiving to follow; JAN3 replicated the Boltz API signatures so it can act as a drop-in replacement; about three hours after launch Indra was hit by a DoS attack and forward swaps were temporarily disabled -- JAN3, Stacker News, Samson Mow on XCLN operators are advised to disable experimental features after a suspected dual-fund channel drain; on September 12 a node operator reported a peer opened a dual-funded channel, drained most of his liquidity and went offline, with the funding txid his node recorded not existing on-chain; on September 15 Core Lightning issued a security advisory urging all operators running experimental features to disable them; at least two more operators have since reported losses; no patched release has shipped -- GitHub issue #9498, CLN collaborator comment, Core Lightning advisoryA pull request by Roasbeef would change the BOLT11 spec so readers must reject invoices containing more than one payment hash; a popular Telegram P2P bot was recently hacked through this ambiguity because some libraries took the first payment hash and others the last, allowing a system mixing both to be tricked into thinking a withdrawal was never paid out -- GitHub PR #1357Lightning wallet Blink paused all services on September 19 after an attacker drained a limited number of custodial accounts; "a few dozen" custodial accounts were affected, every affected account will be made whole, and non-custodial wallets were untouched; a patch was deployed and services came back online the same afternoon; the attack path is unknown pending a post-mortem -- Blink on X, Bitcoin.com News, TFTC on XLondon-based crypto infrastructure provider Haruko was hit by a targeted attack affecting 15 clients -- all those without an IP whitelist; attackers exploited a flaw in Haruko's own processes to extract a user-access token exposing exchange API details and trading data; three sources say a small amount of client funds was stolen, mainly from smaller hedge funds -- CoinDeskSwiss Bitcoin Pay, a non-custodial Bitcoin and Lightning payment processor, took its servers offline on September 14 after a malicious user likely accessed its internal systems; customer email addresses, bitcoin addresses, IBANs, transaction histories and hashed passwords may have been exposed; user funds are safe and any amounts owed will be returned in full; servers remain offline as of today with no restore date -- Bitcoin Magazine, FinanceFeedsUpdate on the Revolut breach: attackers used a hacked email account on a real Italian government domain to send fake law enforcement data requests; at least 680 customers are affected, targeted for their crypto holdings via blockchain analysis; on September 16 the group demanded 6,000 XMR (~$3M) within 24 hours or it would sell the data; the deadline passed, Revolut says it has had no direct contact, and Italian police and UK regulators are investigating; samples have already been posted on Telegram -- CoinDesk, SecurityWeek, CyberInsiderRELEASESHighlightsCake Wallet v6.4.5 -- 2026-09-20Smooths out the Trezor hardware wallet connection and transaction signing flow. Speeds up Monero background sync with more stable node connections. Includes UI polish and bug fixes.umbrelOS 2.0 Beta 2 -- 2026-09-17Second beta of the umbrelOS 2.0 major rewrite. Adds redesigned search across apps, files, photos and settings with visual results. AI agents can now create and use virtual machines with screen and keyboard; Omakix Linux is available in the machines feature. Apps can be moved to external drives and cloud imports are supported. Opt in via Settings, Advanced Settings.Bitcoin Core v32.0rc2 -- 2026-09-18Second release candidate for Bitcoin Core 32.0. PSBT-creating RPCs now default to version 2. A new exportwatchonlywallet RPC exports a watch-only copy of a descriptor wallet with no private keys for offline-signing setups. New derivehdkey and addhdkey RPCs aid multisig coordination. Testing release only -- not for nodes holding real funds.Sparrow Wallet 2.5.5 -- 2026-09-17Adds a System theme that follows the OS light/dark setting, now the default. Enables BitBox02 xpub export and multisig signing at the m/45h keypath on firmware v9.19.0+. Includes Trezor Safe 7 session recovery and bug fixes.BitBoxApp v4.52.0 -- 2026-09-15BitBox02 owners can now create a Lightning hot wallet inside the mobile BitBoxApp, funded from their on-chain balance and derived from their existing BitBox backup -- no extra seed words, no channel management. Public beta using Breez SDK and Spark statechains; unilateral exit is not yet available in the current beta.Eclair v0.14.3 -- 2026-09-14Security hardening release with fixes from Project Loupe, Blockstream's AI-assisted open-source security research initiative. The team warns some issues can be exploited by malicious nodes and urges all operators to upgrade immediately. Fully backward compatible with no channel closures required.Signal Beta Enables Phone-Numberless Registration -- 2026-09-16Signal's Android 8.28 beta lets new users register without a phone number by paying a one-time fee of about $3 via Google Play. Signal says the same zero-knowledge proofs used for donations keep the purchase unlinked from the new account. Requires Google Play Services; de-Googled phones cannot use it yet. Android beta only -- iOS and stable release timelines not announced.Everything elseAmber v6.6.4 -- 2026-09-14Fixes a Tor clearnet leak on Android where requests could bypass Tor and go over clearnet.BasicSwap DEX v0.18.9 -- 2026-09-15Latest in a rapid release series. Swap fund…

This week is Pension Awareness week and HMRC is encoring everyone to look at their state pension forecast. David Hogg finds out more…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.

There's a rumour doing the rounds that HMRC has built a £100 million AI supercomputer that's scanning your social media to catch you out. In this episode, we separate the scaremongering from what HMRC's Connect system actually does, and why the real risk for most business owners has nothing to do with AI and everything to do with whether their own numbers add up to each other. If you've ever wondered whether HMRC is watching you, or worried that a genuine mistake could turn into an investigation, this episode will put your mind at ease and show you what actually matters. Key Topics Covered What HMRC's Connect system really does and why it's not the AI conspiracy people think The difference between a genuine mistake and tax evasion, and why that distinction matters Why your turnover, VAT, and payroll figures all need to tell the same story When HMRC can and cannot use social media or bank data to investigate you Why a good accountant should already be catching these mismatches before HMRC does What to do if you receive an HMRC letter questioning your figures ⭐ Rate, Review & Share this episode with fellow business owners, and let's grow together! ⭐ Take the Finance Fitness Scorecard https://www.profitcashgrowth.com/finance-fitness-score ⭐ 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 7 & 8 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.

Welcome to episode 280 of the Financial Crime Weekly Podcast. I am Chris Kirkbride. In this episode, on sanctions, the UK has introduced expanded statutory controls targeting Iranian economic sectors, while the US Department of the Treasury designates procurement networks supporting Kata'ib Hizballah and Lebanese Hizballah. On money laundering and corruption enforcement, HMRC released its list of non-compliant businesses penalised for AML supervision failures, and a third Puerto Rico Treasury employee has pleaded guilty in a $6.77 million tax bribery scheme. On fraud, FinCEN reports $17.5 billion in suspicious activity linked to U.S. healthcare fraud, while the US DOJ Scam Centre Strike Force seized illicit Telegram infrastructure and cryptocurrency. Finally, on market abuse, the SEC has secured a final judgment in an insider trading scheme, and ESMA has highlighted market integrity risks in prediction markets.A transcript of this podcast, with links to the stories, will be available at www.crimes.financial. The photograph on the podcast cover art is by Sora Shimazaki at Pexels, and the stinger sample between each news section is ‘Ben Logo 1' by BenKirb from Pixabay.

#326This month's tax topic with Simon Misiewicz of Optimise Accountants is stamp duty land tax, or SDLT, with one eye firmly on those of us buying from overseas.If you'd like a free PDF summary of everything below, you can grab it by subscribing to our email list (Don't forget to click 'Accept Marketing)ExpatPropertyStory.comCheck out our shorts on YouTubeOur WhatsApp  groupProperty Engine discounts (Code: EXPAT)Starter: 30 day trialPro: 30 day trial/3 mths 1/2 price, Ultimate: 1/2 price 3 monthsGoalsettingLeave a review37 Question Due Diligence Checklist / Auction GuideOur Sponsors: Finnigan McNeill Property GroupSecond Home Stamp Duty: The Sliding ScaleSimon breaks stamp duty on an additional UK property into a banded sliding scale, and the portion of the price in each band is taxed at its own rate.On the portion of the price up to £40,000, there's no additional-property surcharge at all.On the portion between £40,000 and £125,000, the rate is 5%.On the portion between £125,000 and £250,000, the rate rises to 7%.On the portion between £250,000 and £925,000, the rate is 10%.On the portion between £925,000 and £1.5 million, the rate climbs to 15%.On the portion above £1.5 million, the rate reaches 17%.The Expat Stamp Duty SurchargeBuying an additional property is only half the story if you live outside the UK.Non-UK residents pay a further 2% surcharge on the entire property value, stacked on top of the sliding scale above.Put the 5% additional-property rate and the 2% non-resident surcharge together, and an expat buyer can be facing a 7% surcharge before the standard bands are even applied.The 6-Month Trap for Returning ExpatsHere's the part of the conversation worth pausing on: moving back to the UK doesn't automatically switch off the 2% non-resident surcharge.Simon explains that even once you're living in the UK and filing UK tax returns, solicitors typically want to see around six months of UK residency before they'll treat you as a resident buyer.That means someone who repatriates and buys too soon can still be charged stamp duty as though they were living overseas.A Real Numbers ExampleTo make that tangible, take a non-resident buyer who already owns a UK buy-to-let and purchases a £2 million home in Mayfair before waiting out the six months.By Simon's figures, that buyer would owe just under £294,000 in stamp duty.Simon is quick to point out that this is an extreme example, since most UK property sells for well under £300,000.Does a Limited Company Avoid the Surcharge?A common assumption is that buying through a limited company sidesteps the additional-property surcharge, especially if the company owns nothing else.Simon corrects that one directly: HMRC applies the 5% additional-property rate to any company purchase over £40,000, regardless of what else sits inside that company.He also flags a quieter trap around inheritance tax planning, where gifting a buy-to-let to an adult child can leave them paying the 5% surcharge later when they come to buy their own home.Commercial Property as a WorkaroundSimon shares a strategy some of his clients use instead: buying commercial buildings that already have permitted development rights.Because commercial property is taxed at non-residential stamp duty rates, it avoids both the 5% additional-property surcharge and the 2% non-resident surcharge.Those buildings can later be converted into flats or houses once they're held under a different classification, without the upfront surcharge bill.Key TakeawaysIf you already own property and you're buying another, budget against the additional-property sliding scale above, not the standard residential rates.If you're buying from outside the UK, add a further 2% on top of that.If you're planning to move back to the UK, build in roughly six months before you buy, or budget for the surcharge regardless.If you're buying inside a limited company, don't assume the structure protects you from the 5% rate.DisclaimerThis episode and these show notes are for general information only, are not personalised tax advice, and everyone's situation is different, so please speak to a qualified accountant before making any decisions based on what you've heard here.

Making Tax Digital is here, but what happens next could matter even more for every bookkeeper. In this episode, Zoe looks at what happened during the first MTD for Income Tax quarterly submissions, what bookkeeper practices experienced, and why preparation made the process much easier than many expected. But there's a bigger challenge ahead. From April 2027, missed quarterly deadlines will begin attracting penalty points, with a £200 fine once four points have accumulated. More businesses will also be brought into MTD as the threshold changes. For every bookkeeper, now is the time to prepare clients, improve processes and make sure MTD can be handled efficiently every quarter. Whether you're a bookkeeper who sailed through the first submission or a bookkeeper who found it overwhelming, this episode explores what you can learn from the first deadline and how to prepare your practice for what comes next. Read more about MTD here: https://www.gov.uk/government/statistics/making-tax-digital-for-income-tax-business-population-statistics ----------------------------------------------- About us We're Jo and Zoe and we help bookkeepers find clients, make more money and build profitable businesses they love. Find out about working with us in The Bookkeepers' Collective, at: 6figurebookkeeper.com/collective ----------------------------------------------- About our Sponsor This episode of The Bookkeepers' Podcast is sponsored by Xero. Get 90% off your first 6 months by visiting: https://xero5440.partnerlinks.io/6figurebookkeeper ----------------------------------------------- Promotion This video contains paid promotion. ----------------------------------------------- Disclaimer The information contained in The Bookkeepers' Podcast is provided for information purposes only. The contents of The Bookkeepers' Podcast is not intended to amount to advice and you should not rely on any of the contents of the Bookkeepers' Podcast. Professional advice should be obtained before taking or refraining from taking any action as a result of the contents of the Bookkeepers' Podcast. The 6 Figure Bookkeeper Ltd disclaims all liability and responsibility arising from any reliance placed on any of the contents of the Bookkeepers' Podcast. Chapters: 00:00:00 - The Looming Threat a Bookkeeper CAN'T AFFORD to Ignore 00:02:20 - HMRC's Filing Numbers and the Work Ahead 00:04:57 - What Bookkeepers Actually Experienced 00:07:36 - Why Preparation Made Filing Easier 00:09:31 - Redesigning Practice Processes for Every Quarter 00:10:53 - Mapping Workflows for Scale and Automation 00:14:13 - Build a Repeatable Business for the Future #bookkeeper

Recording from a hotel room ahead of our Autumn Tax Update course, Mark Morton reflects on the Chancellor's first major speech and everything it didn't say about tax.In this episode:An awkward day in Coventry, as Jaguar Land Rover announces significant job cuts down the roadThe letter to MPs signalling less consultation, and whether HMRC consultation ever really meant consultationFiscal devolution: high on the government's agenda, but is it high on anyone else's?A growth message set against national insurance and minimum wage risesHigh borrowing costs, a spent surplus, and no stated tax policyWhy two months of Budget speculation leaves businesses unable to planMercia will be covering the Budget in full detail on Wednesday, 28th October 2026, followed by Pat's rapid reaction webinar the morning after.https://www.mercia-group.com/marketing/budget-and-tax-rates/For more information on this topic and more, please visit www.mercia-group.com for further details.

FREE guide from Medics' Money: https://medicsmoney.co.uk/free-guide/Find out if you can claim tax relief with this list: https://www.gov.uk/government/publications/professional-bodies-approved-for-tax-relief-list-3Sanay (incoming F1) and Cyra (doctor and chartered accountant) explain how doctors can get money back via HMRC tax relief and NHS reimbursements. Cyra advises tracking professional expenses in a spreadsheet across the tax year (6 April–5 April) and applying online at year-end, noting HMRC may adjust your tax code. Eligible tax-relief items include GMC, Royal College and BMA fees (including exams but not revision courses), some recognized memberships, subsequent stethoscopes, plus a flat £80 NHS doctor work expense; question banks aren't eligible. They contrast this with employer-funded study budgets (e.g., ALS), which generally aren't tax-relievable. They also outline relocation expenses up to £10,000 across training, common caps, the need for pre-approval and evidence, tips on comparable mover quotes, and the importance of understanding excess mileage policies.00:00 Welcome and Series Intro00:51 Episode Focus Reimbursements01:31 Meet Saira the Expert02:10 Tax Relief Basics HMRC04:00 What You Can Claim05:16 Evidence and Flat Rate06:12 Study Budget vs Tax Relief07:42 Memberships from Med School08:40 Relocation Expenses Explained11:08 Relocation Application Pitfalls13:06 Mover Quotes Pro Tip14:25 Excess Mileage and Final Takeaways15:59 Wrap Up and Next EpisodeThis episode is sponsored by InvestEngine:Terms and Conditions apply. Capital at risk. You must remain invested for 12 months to retain the welcome bonus. One Bonus per client. These are affiliate links and Medics Money may get a commission at no cost to you if you go onto open an account.Personal Investing: https://investengine.com/affiliate-welcome/?utm_medium=Affiliate&utm_source=Medics Money&utm_content=PodcastBusiness Investing: https://investengine.com/affiliate-business-welcome/?utm_medium=Affiliate&utm_source=Medics Money&utm_content=PodcastMentioned in this episode:**Terms and Conditions apply. Capital at risk. You must remain invested for 12 months to retain the welcome bonus. One Bonus per client. These are affiliate links and Medics Money may get a commission at no cost to you if you go onto open an account.** Personal Investing: https://investengine.com/affiliate-welcome/?utm_medium=Affiliate&utm_source=Medics%20Money&utm_content=Podcast Business Investing: https://investengine.com/affiliate-business-welcome/?utm_medium=Affiliate&utm_source=Medics%20Money&utm_content=Podcast

‘The shape of the day has changed': Why new plate day still mattersCar dealers among 660 firms named and shamed for failing to pay National Minimum WageGarage hits back at HMRC after being named and shamed over minimum wage breachDVLA bans more than 500 ‘76' number plates for being too rude or offensive for the roadVolkswagen Group set to axe Seat brand to focus on Cupra by 2029 – reportsVolkswagen Group announces plans to axe 50,000 jobs as it slashes model rangeSubaru dealers to offer free prostate cancer PSA tests to men aged over 50From Aldi supermarket to used car supermarket: Hilton Garage unveils used car collection centre

After the most turbulent period in our recent history the takeover of Ebbsfleet United is now complete and our financial obligations to HMRC have been settled yet restrictions and conditions remain in place.I discuss the timeline, the new owners and how I see things going forward for our great club.Who is John O'Leary? What are Roddy Collins' plans? How has this affected players, staff and supporters?

The MTD Watch Series returns for a crucial debrief on the very first live MTD for ITSA pilot quarter. With submissions colliding with summer holidays, how did accountants and their clients actually cope?This episode is for any accountant or bookkeeper navigating the MTD transition. Join hosts Aaron Patrick, Suzannah Whelan, and Amy Hancock as they share their personal experiences and dive into a new industry survey where over 75% of respondents called MTD a "bad idea." They discuss what's actually working in practice: from segmenting clients (DIY to "shoebox") and setting clean-up fees, to the software workflows that get the job done.The team also gets tactical on policy, debating whether MTD thresholds should be scrapped and arguing against deadline extensions that could harm real-time benefits. You'll learn how to pre-empt admin pitfalls, tighten client communications, and structure an “MTD-first” onboarding plan.Listen now to get a real-world perspective on where the profession stands and what it all means for the future of digital tax.

幻冬舎の暗号資産（仮想通貨）/ブロックチェーンなどWeb3領域の専門メディア「あたらしい経済 https://www.neweconomy.jp/ 」がおくる、Podcast番組です。 ーーーーー 【番組スポンサー】 この番組は、暗号資産取引におけるフルラインナップサービスを提供する「SBI VCトレード」のスポンサーでお届けします。 ーーーーー SBI VCトレードは、「暗号資産もSBI」のスローガンのもと、国内最大級のインターネット総合金融グループであるSBIグループの総合力を生かし、暗号資産取引におけるフルラインナップサービスを提供しております。暗号資産交換業者・第一種金融商品取引業者・電子決済手段等取引業者として高いセキュリティ体制のもと、暗号資産の売買にとどまらない暗号資産運用サービスや法人向けサービスの展開、さらにステーブルコインのユーエスディーシー（USDC）を国内で初めて取り扱っております。 ーーーーー SBI VCトレード公式サイト：https://account.sbivc.co.jp/signup?hc_ak=1RNML.3.M06AS ーーーーー 【紹介したニュース】 ・金融庁、信託型ステーブルコインの法定調書「提出不要」要望。2027年度税制改正で ・TORICOがイーサリアム追加取得、総取得数2945ETH超に ・イオレ、約8990万円で「ハイパーリキッド（HYPE）」追加取得。累計購入額1億円に ・コインチェックに「ジパングコイン（ZPG）」上場、対応チェーンはイーサリアム ・enish、株主優待でBTC・SOL配布へ。SBI VCトレードと連携 ・BISトップ、ステーブルコインの広範な決済利用に疑義。トークン化預金を評価 ・中央銀行も「オンチェーン化」必要、流動性供給を迅速化＝ECB専務理事 ・ベトナム政府、暗号資産市場の行政罰規定を9/1施行へ ・英HMRC、暗号資産で100万ポンド超の利益申告者240人。利益総額は約1550億円 ・カリフォルニア州、公職者による「ミームコイン」発行禁止法案が議会通過 ・クロノス、テクトニックのエクスプロイト受けネットワーク停止。約75Mドルの被害規模との外部分析も ・レインのソラナカード基盤に脆弱性、アヴィシとトリアで不正出金。全額補償が完了 ・コスモスラボ、Cosmos EVM攻撃の事後報告書公開。6チェーンで脆弱性悪用 ・アップビット運営元ドゥナムとVisaが提携、ステーブルコイン決済・送金で協業 ・米サークル、チェルシーFCの公式ユニフォーム前面スポンサーに ・USD[.]AI、ブリッシュから1億ドルのステーブルコイン建て融資枠を確保 ・バイビット、株式パーペチュアルを原資産とするオプション契約を導入へ ・露スベルバンク、BTC・ETH・USDTを融資担保に受け入れへ＝報道 ・XRPトレジャリー企業エバーノース、ナスダック上場へ前進。SECのS4効力発生受け ・YZiラボ、固定金利DeFi「タームマックス」に戦略投資 ・ヴァランティスがペンドルと統合、ハイパーリキッドの取引手数料割引市場を開始 ・Pump[.]funがHyperEVM対応、アプリからUSDCでトークン取引可能に ・ウィメイド、「突撃！悪魔団」にブロックチェーン導入、WEMIX PLAYで事前登録開始 【あたらしい経済関連リンク】 ニュースの詳細や、アーカイブやその他の記事はこちらから https://www.neweconomy.jp/

In this case, the Supreme Court sought to balance the group litigation order regime against the need to get the law right. https://uklawweekly.substack.com/subscribe Music from bensound.com

You have been building a Bitcoin stack. You think about what it is going to do for your family. Here is the question nobody asks until it is too late what actually happens to your Bitcoin when you die?An estimated £20 billion of Bitcoin in the UK alone is currently sitting permanently inaccessible because owners died without telling anyone how to access it. And from January 2026 HMRC can see your Bitcoin holdings whether your family tells them or not.In this episode you will discover:Why Bitcoin is completely different to every other asset you own when it comes to inheritance no seed phrase, no Bitcoin, no court order, no customer service line, no second chancesWhy HMRC will likely charge inheritance tax on your Bitcoin even if your family cannot access it and why arguing that case with a tax inspector who does not understand what a seed phrase is will not go well for your executorThe three things every Bitcoin holder needs to sort out today — updating your will, exchange estate processes, and how to store your seed phrase so your family can access it after you die without it being vulnerable while you are aliveI built a free calculator that shows exactly what consistent monthly Bitcoin investing could do to your wealth over 5, 10 or 20 years. It's called the Steady Stack Calculator — punch in what you can afford to put in each month and see what the numbers actually look like at the other end. Most people are genuinely surprised. You can also download the 10 Bitcoin Mistakes to Avoid document completely free at the same link.Steady Stack Calculator and 10 Bitcoin Mistakes Document — click here to grab both for freeHit follow, so you never miss the latest insights on money, finance, invest and build wealth - plus clear guidance on cryptocurrency, Bitcoin, and Bit Coin for today's serious investors.

Send us Fan MailThe £20m buyer in prime London is getting younger — and buying differently.This week's bulletin reads six stories through a prime London lens:— Tech-founder money reshaping super-prime, ice baths where the home gym used to be— A widening north–south split, with London still the exception— Labour's proposed mansion tax, and a Valuation Office now preparing to price high-value homes directly— The short autumn window for commonhold— HMRC tightening the paperwork on Section 162 incorporation relief— A £1.83bn bridging market keeping stalled chains aliveThirty years advising at the top of this market says the same thing each week: the owners who read the signals early are the ones who move well.The London Property Podcast Hosted by Farnaz Fazaipour, londonproperty.co.ukIndependent intelligence for serious London property owners and investors.Every episode cuts through the noise with 30 years of prime London market experience  no estate agent spin, no vested interests. Just practical insight on where the market is moving, what the legislation means for your wealth, and where the real opportunities are.Trusted by 1,500 HNWI members across the UK and internationally.Topics include prime and super-prime London, leasehold reform, IHT planning, rental market shifts, regeneration areas, and the tax and legal changes every serious owner needs to understand. #LondonProperty #PropertyInvestment #LondonRealEstate 

Jeremy Kyle unpacks Britain's immigration system faces scrutiny after detention and transport costs exceeded £500,000 daily, prompting fierce accusations of waste. Meanwhile, HMRC's £610,000 home-heating payments to remote staff sparked anger as household energy bills are forecast to rise. And the Greens face cross-party condemnation over draft proposals to remove police Tasers, scrap Prevent and ultimately close prisons.Wake up with Talk Breakfast in full on YouTube, DAB+ radio, Samsung TV Plus or the Talk App on your TV from 6am every morning. Hosted on Acast. See acast.com/privacy for more information.

Special Offer: Get 15% OFF your first FIGS order with code FIGSUK at checkout.Shop now at https://www.wearfigs.com/———————————————————————UK Dentists: Collect your verifiable CPD for this episode here >>> https://courses.dentistswhoinvest.com/smart-money-members-club———————————————————————If you have ever looked at a strong income and still wondered why money feels tight, you are not alone and you are not broken. We sit down with Dr Andy Egwim GP and founder of Money Wise Doctor, to unpack how clinicians can turn earnings into lasting wealth through financial literacy, tax efficiency, and a system that actually gets executed. Andy shares the real story behind reaching financial independence, why he still keeps a small hand in clinical work, and what “time freedom” looks like when it is earned rather than fantasised about. We get practical on the UK personal finance essentials that move the needle: understanding the UK tax system, using tax efficient investing wrappers like ISAs and SIPPs, and claiming allowable professional expenses so you stop donating money to HMRC by accident. Then we break down Andy's favourite framework, AMAS (Automated Monthly Allocated Saving System), which replaces fragile budgeting with automation. Whether you are paying off high interest debt, building a proper emergency fund, or investing for compounding growth, the goal is the same: make saving and investing happen in the background. We also tackle the debate that never dies: mortgage vs investing. Andy explains why the type of debt matters, why a 35% credit card balance is not comparable to a low rate mortgage, and how risk tolerance and sleep-at-night peace of mind should influence your plan. We round out with values-based spending, lifestyle creep, and a Profit First style approach to paying yourself properly if you run a practice or a side business.———————————————————————Disclaimer: All content on this channel is for education purposes only and does not constitute an investment recommendation or individual financial advice. For that, you should speak to a regulated, independent professional. The value of investments and the income from them can go down as well as up, so you may get back less than you invest. The views expressed on this channel may no longer be current. The information provided is not a personal recommendation for any particular investment. Tax treatment depends on individual circumstances and all tax rules may change in the future. If you are unsure about the suitability of an investment, you should speak to a regulated, independent professional. Investment figures quoted refer to simulated past performance and that past performance is not a reliable indicator of future results/performance.Send us Fan Mail

Mark Morton explores the upcoming Autumn Budget, examining rumours around stamp duty, council tax reform, social care funding, inheritance tax, defence spending, and Making Tax Digital (MTD). He shares practical observations on housing affordability, government policy challenges, and what advisers and businesses should be watching ahead of the Chancellor's October announcement.The next UK Budget is scheduled for Wednesday 28 October 2026. Chancellor John Healey confirmed the date, and the Office for Budget Responsibility (OBR) will publish its accompanying economic and fiscal forecast on the same day.For more information on this topic and more, please visit www.mercia-group.com for further details.

Could Making Tax Digital improve the way small businesses manage their finances, or will it become another administrative burden competing for an already crowded evening? In this episode, I speak with Caroline Duong, Head of Business Admin at ANNA Money, about Making Tax Digital, quarterly reporting, AI bookkeeping, and the reality of running a small business when one person is often responsible for almost everything. ANNA Money stands for Absolutely No Nonsense Admin. It is an AI-powered, app-based business account and financial admin service designed for small businesses, startups, freelancers, and sole traders in the UK. Its goal is to reduce the paperwork that regularly follows business owners home after the working day has supposedly ended. Caroline explains that Making Tax Digital quarterly updates are reports to HMRC rather than full tax returns. The intention is to encourage people with self-employment or property income to maintain digital records throughout the year instead of rebuilding their finances from receipts shortly before a deadline. Awareness remains a problem. Caroline says an estimated 864,000 people are expected to submit updates during the first year, while fewer than half had signed up at the time of recording. HMRC's softer first-year approach gives people time to adjust, but Caroline warns against waiting until penalties enter the system before changing established habits. We also discuss what AI can do differently from traditional accounting software. Caroline offers a wonderfully simple example: a tire purchase may represent vehicle maintenance for one business and inventory for a car parts dealer. An AI system with enough business context can recognize that difference and categorize the transaction accordingly. Caroline also explains why responsible automation still needs human confirmation. Software can learn about suppliers, customers, and regular expenses, but it must recognize when information is missing or a decision requires human judgment. The conversation ends with two practical recommendations. Keep business and personal transactions separate, and begin tracking income and expenses early. Both can make quarterly reporting significantly easier and reduce the risk of being caught off guard later. If AI can give business owners a few hours back each month, which administrative task should it take on first? Listen to the conversation and share your thoughts with me.

It's now just three weeks until the first Work in Progress session of my autumn MasterClass tour, in St Albans. Newcastle is completely sold out. Birmingham and Bristol sold out too, so we've secured bigger rooms in both venues, and even those are already over eighty percent full. Southampton and Edinburgh are filling up fast, and there's still plenty of room in Cardiff, Leeds and Manchester. I've also added a third London date, and if you can't make it to your nearest city, there's a live virtual MasterClass on 13 October. All the details are at danielbarnett.com/masterclassAway from work, this week I've seen Cats at the Regent's Park Open Air Theatre, which is far superior to the many disappointing productions you may have endured over the years, and certainly to the film. I also saw Death Note The Musical at the Barbican, based on the manga about a notebook dropped to earth by the gods, which gives the man who finds it the power to kill anyone whose name he writes in it. I loved it far more than I expected to. It's pretty much sold out, but I'd put money on a West End run within the next year or two.The Employment Rights Act UpdateThe biggest development this week concerns zero hours contracts, and I'll keep it short because the message is simple. On Wednesday, the Government added more than three hundred pages of new material to its zero hours consultation: options assessments on guaranteed hours, reasonable notice of shifts and short-notice cancellation payments, plus two research papers. The consultation closes at midnight on 25 August, ten days after I'm recording this. So if you want to influence the most operationally complicated part of the whole Act, this is your last chance. The detail that jumped out at me is confirmation that agency workers will get broadly the same rights as directly engaged staff. And here's what employers are most likely to get wrong: assuming this doesn't apply to them because they don't use zero hours contracts. The regime will catch low hours workers too, with the qualifying threshold anywhere between eight and forty-eight hours a week still up for grabs, and it reaches agency arrangements. If you use casual, bank or agency staff, audit those arrangements now, and get a consultation response in before the deadline.Second, the Fair Work Agency published its first delivery plan on Monday, covering 2026 to 2027. Nothing in it creates a new legal obligation, but it tells you where enforcement is heading. The Agency's first-year priorities include building its intelligence and data capability, and, according to early reports, developing digital compliance tools: a payslip explainer, a holiday pay calculator, and possibly a smartphone app letting workers check their payslips. National Minimum Wage officers transfer from HMRC into the Agency in April 2027, and holiday pay enforcement is expected to begin in 2027. Here's the practical point. The duty to keep six years of holiday records has been in force since April. When holiday pay enforcement starts, those records are the first thing an inspector will ask for, so if yours are patchy, fix that now rather than in 2027.And a quick diary note: from a week on Tuesday, 25 August, trade unions can run electronic and workplace ballots for statutory ballots, including industrial action ballots, where the relevant parties agree.On commentary, two pieces worth your time this week. Lewis Silkin's note on the Supreme Court's part-time workers decision, which we'll come to in a moment, makes the key practical point crisply: the battleground now shifts from causation to objective justification. And Personnel Today has a useful analysis of what the new zero hours options assessments mean for agency workers, and for the businesses that hire them.Employment Law Case of the WeekThis week it's Augustine v Data Cars in the Supreme Court. Mr Augustine was a part-time private hire driver averaging around thirty-five hours a week, while his chosen comparator worked full time, averaging over ninety. Data Cars charged every driver the same fixed weekly fee for access to its booking system, whatever their hours, so Mr Augustine paid more per hour to drive than his comparator did.The Supreme Court allowed his appeal, holding that a worker's part-time status need only be an effective cause of less favourable treatment; it does not have to be the sole cause. The Government deliberately chose not to copy the stricter wording of the European framework, which protected workers treated less favourably solely because they work part time, and it had the power to go further. The existence of other causes may be relevant to justification or to compensation, but it doesn't stop the right arising.My take: this is an important decision, because it's the Supreme Court settling years of conflicting authority. But it's a technical causation point, and for ninety percent of you listening, it will never make a practical difference. The lesson, if you do treat part-timers differently for any reason, is that your defence now lives or dies on objective justification.Zero hours consultation (documents added 12 August; closes 25 August 2026): https://www.gov.uk/government/consultations/make-work-pay-ending-one-sided-flexibility-reforms-of-zero-hours-and-similar-contractsFair Work Agency delivery plan 2026 to 2027 (published 10 August 2026, confirmed via DBT publications page): https://www.gov.uk/government/organisations/department-for-business-innovation-science-and-tradeAugustine v Data Cars judgment: https://supremecourt.uk/uploads/uksc_2025_0122_judgment_f8eb0f1fbd.pdfLewis Silkin, “Supreme Court rules on part-time discrimination” (13 August): https://www.lewissilkin.com/insights/2026/08/13/supreme-court-rules-on-part-time-discriminationPersonnel Today, “Agency workers' inclusion in zero hours reform adds to state of flux”: https://www.personneltoday.com/hr/agency-workers-inclusion-in-zero-hours-reform-adds-to-state-of-flux/

Simon explores the rising trend of unethical and poorly structured deals in the property market, highlighting how bad advice and a lack of tax knowledge can devastate motivated sellers. Through real-world case studies involving lease options, mortgage arrangements, and unexpected Capital Gains Tax liabilities, he breaks down why pushing sellers into cornered deals inevitably backfires.  Simon provides essential guidance on navigating upcoming budget changes, structuring creative strategies like vendor finance properly, and ensuring every transaction delivers a genuine, ethical win-win outcome. KEY TAKEAWAYS Squeezing motivated sellers into bad deals frequently causes transactions to collapse, wasting both parties' time and money. Unethical or incompetent deal structuring can leave sellers with massive unexpected Capital Gains Tax bills while stripping away their cash flow. If another party pays a landlord's mortgage, HMRC still treats that mortgage payment as taxable income for the property owner. Truly successful property investing relies on structuring ethical, win-win solutions that protect your reputation and let you sleep well at night. BEST MOMENTS "If you push a seller too hard, push them into a corner, get them to agree to something they don't really, really want to do, it's more than likely they're going to change their mind, back out of the deal..." "When we're dealing with people's financial situations, we really need to be educated, we need to be aware of all the implications—not just the current implications, but also future implications." "I truly believe if we look for the win-win ethical solution, we can sleep well at night knowing we've helped someone and we've made money at the same time." "Make sure you consider not just the current situation, but also the future situation, especially if it's an investment property and there may be some tax liability they're going to have to pay in the future.” VALUABLE RESOURCES To find your local pin meeting visit: ⁠www.PinMeeting.co.uk⁠ and use voucher code PODCAST to attend you first meeting as Simon's guest (instead of paying the normal £20). Contact and follow Simon here: Facebook: ⁠http://www.facebook.com/OfficialSimonZutshi⁠ LinkedIn: ⁠https://www.linkedin.com/in/simonzutshi/⁠ YouTube: ⁠https://www.youtube.com/SimonZutshiOfficial⁠ Twitter: ⁠https://twitter.com/simonzutshi⁠ Instagram: ⁠https://www.instagram.com/simonzutshi/⁠ Simon Zutshi, experienced investor, successful entrepreneur and best-selling author, is widely recognised as one of the top wealth creation strategists in the UK. Having started to invest in property in 1995 and went on to become financially independent by the age of 32. Passionate about sharing his experience, Simon founded the property investor's network (pin) in 2003 ⁠www.pinmeeting.co.uk⁠   pin has since grown to become the largest property networking organisation in the UK, with monthly meetings in 50 cities, designed specifically to provide a supportive, educational and inspirational environment for people like you to network with and learn from other successful investors. Since 2003, Simon has taught thousands of entrepreneurs and business owners how to successfully invest in a tax-efficient way.  How to create additional streams of income, give them more time to do the things they want to do and build their long-term wealth. Simon's book “Property Magic” which is now in its sixth edition, became an instant hit when first released in 2008 and remains an Amazon No 1 best-selling property book. Simon launched his latest business, ⁠www.CrowdProperty.com⁠, in 2014, which is an FCA Regulated peer to peer lending platform to facilitate loans between private individuals and property professionals. This Podcast has been brought to you by Disruptive Media. ⁠https://disruptivemedia.co.uk/

The Next Big British Scandal?                    With Bowie Dolan (Part 2)                   Black Spy Podcast number 260 Season 26, Episode 0008 The Black Spy Podcast continues its two‑part investigation into the long‑running controversy surrounding UK contractor tax‑avoidance "loan schemes." Host Carlton King is joined by guests Bowie Dolan and Furgas Esack, who bring first‑hand insight into how thousands of self‑employed contractors were drawn into arrangements marketed as fully compliant tax‑efficiency structures. Under these schemes, contractors' earnings were routed through large intermediary companies and then paid back to them as "loans," dramatically reducing declared income and therefore tax liability. The episodes trace how these schemes proliferated across IT, engineering, and professional contracting sectors, often promoted as legitimate and government‑approved. Dolan and Esack explain the mechanics, the sales pitch, and the widespread belief that major corporations and specialist umbrella companies had properly vetted the arrangements. The scandal escalates when HMRC later rules the practice unlawful, retroactively demanding repayment of taxes, interest, and penalties. Many contractors—who acted in good faith—found themselves facing life‑altering financial consequences. Across both episodes, the Black Spy Podcast examines the human impact, the policy failures, and the ongoing debate about fairness, responsibility, and accountability. It offers a sober, accessible exploration of a complex issue that continues to affect thousands across the UK. So listen now to The Black Spy Podcast to be entertained whilst simultaneously learning. If you wish to discuss this episode or any other with Carlton, or other regular members of the Black Spy Podcast team, feel free to do so. Moreover, please don't forget to subscribe in order to never miss another episode. To contact Firgas Esack of the DAPS Agency go to Linked In To contact Dr Rchel Taylor go to Substackany To contact Carlton King utilise any of the following: To donate - Patreon.com/TheBlackSpyPodcast Email: carltonking2003@gmail.com Facebook: The Black Spy Podcast Facebook: Carlton King Author Twitter@Carlton_King Instagram@carltonkingauthor To read Carlton's latest biographical memoir: Seeking Jerry The Untold Story Of Scotland Yard's Secret Mission To Baghdad, During The 2003 US Led Invasion Of Iraq Go to Amazon:  https://www.amazon.co.uk/SEEKING-JERRY-Scotland-mission-invasion/dp/B0H9CJ21XC/ref=tmm_pap_swatch_0#detailBullets_feature_div  ISBN-13   979-8196219863 To read Carlton's autobiography: "Black Ops – The incredible true story of a (Black) British secret agent" Click the link below: https://www.amazon.co.uk/dp/BO1MTV2GDF/ref=cm_sw_r_cp_awdb_WNZ5MT89T9C14CB53651 If you are interested to know about the Male Menopause or fear you or a loved one is suffering for unknown reasons please consider reading Dr Rachel's & Carlton's book on the how the Menopause effects men - search Amazon Books for:  The Male Menopause - The Hidden Crisis  (ASIN: B0G5M78PSZ)

In this episode: Mandatory Payrolling of Benefits, Salary Sacrifice Traps and Zero-Hours Reform | Payroll Question TimePayroll Question Time is brought to you by SD Worx. SD Worx offers smart, tailored and integrated HR and Payroll solutions, along with the local expertise, global reach and reliable service you need to grow your business today!UK payroll has a lot to get through before the summer break. Is your business ready for the biggest shake-up to benefits reporting in a decade?In this episode of Payroll Question Time, host Steve Yardley and our expert panel tackle the most pressing payroll topics of the moment, from mandatory payrolling of benefits in kind to salary sacrifice and national minimum wage risk. From new HMRC data requirements for company cars to the Fair Work Agency's zero-hours contract consultation. With April 2027 mandation now confirmed and phased, this is essential viewing for every payroll professional in the UK.From car benefit reporting quirks and real-time Class 1A charges to holiday pay record keeping and salaried staff hours tracking, this session covers the operational, compliance, and strategic issues you need to act on before September.We cover:• Mandatory payrolling of benefits in kind: the confirmed April 2027 and April 2028 phased timetable• New and dropped HMRC reporting fields for company cars and medical benefits• Why payrolling benefits in kind isn't a lift-and-drop of your P11D process• The new real-time Class 1A employer NI charge and what it means for your April to July bills• When the voluntary payrolling registration service is expected to reopen• Car benefit reporting quirks, the P46 car form, and why real-time alignment still isn't there• Salary sacrifice and national minimum wage: why "voluntary" doesn't mean it's exempt• GymFlex, cycle to work, and other disguised salary sacrifice arrangements• The Fair Work Agency's zero-hours contract consultation: guaranteed hours, notice and canceled shift pay• Why zero-hours reform could create an ongoing obligation, similar to pension re-enrolment• Holiday pay record keeping and why NMW investigators are asking about it• Tracking working hours for salaried staff and the burden of proof on employers• The April 2029 proposal to cap salary sacrifice tax relief at £2,000 a year• Is HMRC getting better? A look at dispute resolution timescales in practiceDon't forget to subscribe and turn on notifications to stay updated with every Payroll Question Time and the latest insights on UK payroll changes 2026 and ongoing payroll legislation updates.Learn more about SD Worx Academy training courses: https://www.sdworx.com/en-enFind your ideal candidate with our job vacancy system: https://jgarecruitment.ck.page/691ee4…Steve Yardley's LinkedIn: https://www.linkedin.com/in/syardley/Nick Day's LinkedIn: https://uk.linkedin.com/in/nickdayEnjoyed this? Check out our sister podcast @thehrldpodcast for more great content!Our Panel:Simon Parsons, Director of UK Compliance Strategies, SD WorxRichard George, Senior Bureau Manager, MHAMathew Akrigg, Policy & Advisory Leader, CIPPJeni Morris, National Minimum Wage SpecialistSteve Yardley, Host, Managing Director, JGA Recruitment GroupTimestamps:(00:00) Welcome & Panel Introductions(06:03) Mandatory Payrolling of Benefits in Kind Confirmed(09:50) New HMRC Data Requirements for Company Cars(15:20) Preparing Payroll for Real-Time Reporting(22:37) Live Q&A: Voluntary Registration Reopening(28:07) Car Reporting Quirks & the P46 Car Form(32:58) Salary Sacrifice's Hidden NMW Trap(42:48) Zero-Hours Contract Consultation Breakdown(54:33) Holiday Pay & Worker Status Under NMW Scrutiny(1:04:15) Salary Sacrifice's Future: The 2029 Cap(1:11:14) Tracking Hours for Salaried Staff(1:18:27) Is HMRC Getting Better? Wrap-UpHashtags: #PayrollQuestionTime #UKPayroll #MandatoryPayrolling #PayrollingBenefits #SalarySacrifice #NationalMinimumWage #ZeroHoursContracts #FairWorkAgency #PayrollCompliance #Class1A #EmploymentRightsAct #PayrollLegislation #PayrollProfessionals #SDWorx #CIPP #JGARecruitment

The Next Big British Scandal? With Bowie Dolan (Part 1) Black Spy Podcast number 259 Season 26, Episode 0007 The Black Spy Podcast returns this week and next with a two‑part investigation into the long‑running controversy surrounding UK contractor tax‑avoidance "loan schemes." Host Carlton King is joined by guests Bowie Dolan and Firgas Esack, who bring first‑hand insight into how thousands of self‑employed contractors were drawn into arrangements marketed as fully compliant tax‑efficiency structures. Under these schemes, contractors' earnings were routed through large intermediary companies and then paid back to them as "loans," dramatically reducing declared income and therefore tax liability. The episodes trace how these schemes proliferated across IT, engineering, and professional contracting sectors, often promoted as legitimate and government‑approved. Dolan and Esack explain the mechanics, the sales pitch, and the widespread belief that major corporations and specialist umbrella companies had properly vetted the arrangements. The scandal escalates when HMRC later rules the practice unlawful, retroactively demanding repayment of taxes, interest, and penalties. Many contractors—who acted in good faith—found themselves facing life‑altering financial consequences. Across both episodes, the Black Spy Podcast examines the human impact, the policy failures, and the ongoing debate about fairness, responsibility, and accountability. It offers a sober, accessible exploration of a complex issue that continues to affect thousands across the UK. So listen now to The Black Spy Podcast to be entertained whilst simultaneously learning. If you wish to discuss this episode or any other with Carlton, or other regular members of the Black Spy Podcast team, feel free to do so. Moreover, please don't forget to subscribe in order to never miss another episode. To contact Firgas Esack of the DAPS Agency go to Linked In To contact Dr Rachel Taylor go to Substackany To contact Carlton King utilise any of the following: To donate - Patreon.com/TheBlackSpyPodcast Email: carltonking2003@gmail.com Facebook: The Black Spy Podcast Facebook: Carlton King Author Twitter@Carlton_King Instagram@carltonkingauthor To read Carlton's latest book: Seeking Jerry The Untold Story Of Scotland Yard's Secret Mission To Baghdad, During The 2003 US Led Invasion Of Iraq Go to Amazon:  ISBN-13           979-8196219863 To read Carlton's autobiography: "Black Ops – The incredible true story of a (Black) British secret agent" Click the link below: https://www.amazon.co.uk/dp/BO1MTV2GDF/ref=cm_sw_r_cp_awdb_WNZ5MT89T9C14CB53651 If you are interested to know about the Male Menopause or fear you or a loved one is suffering for unknown reasons please consider reading Dr Rachel's & Carlton's book on the how the Menopause effects men - search Amazon Books for:  The Male Menopause - The Hidden Crisis  (ASIN: B0G5M78PSZ)

A deadline approaches for 860,000 self-employed people and landlords who must start reporting their income and expenses in a new way. It is called Making Tax Digital and it affects small businesses with a turnover or gross income above £50,000 a year. They have until 7th August to report their income and expenditure to HMRC. What do they need to know?It is “unacceptable” that the government has refused to commit to bringing the administration of the Civil Service Pension Scheme back in-house. That's according to PCS Union, which says a rare joint committee hearing in Parliament this week highlighted the “catastrophic failures” of the scheme, leaving many members facing “unacceptable delays, errors and distress” when trying to access the pensions they have worked their entire careers to earn. The Cabinet Office, which has overall responsibility for the scheme, says immediately terminating the contract would cause more problems and severely disrupt the pension payroll, jeopordizing the financial security of hundreds of thousands of public servants.How are rules which make banks reimburse victims of fraud going? A new report evaluates the first year of Mandatory Reimbursement.And a major high street bank has changed its mind after deciding not to allow customers to deposit their cheques in a Post Office. Presenter: Paul Lewis Reporters: Dan Whitworth and Jo Krasner Researcher: Catherine Lund Output Producer: Craig Henderson Editor: Jess Quayle Senior News Editor: Sara Wadeson(First broadcast 12pm Saturday 11th July 2026)

Has tax just got a little more taxing? Making Tax Digital has come in, meaning hundreds of thousands of people need to make their first quarterly report to HMRC this week - and during the summer holidays to boot.Georgie Frost, Simon Lambert and Lee Boyce cover what you need to know about the changes and whether it's a good move.How easy is it to find the right software, will it help reduce the ‘tax gap' and who will need to start using it?A retirement giant has warned the Government's inheritance tax raid on pensions next year will undermine faith in saving long-term for later life.Should people be worried about the changes or keep calm and carry on with their pension contributions?This week, a Premium Bonds £1million winner scooped the top prize with a bond bought only six months ago.Is that unusual? Or do many people win the seven-figure sum quickly? Lee reveals all.Heading off on summer holidays? We give a reminder about the dos and don'ts when it comes to spending overseas… and what does the actor Will Ferrell have to do with it? Follow us on Instagram @dmgnewmedia.Follow us on TikTok @dmgnewmediaFollow us on X @dmgnewmediaEmail us hello@dmgmedia.co.ukText us 020 7938 6000.Hosts: Georgie Frost, Simon Lambert, Lee Boyce, Helen CraneProducer: Georgie Frost Hosted on Acast. See acast.com/privacy for more information.

More than 15,000 people have responded to a Government review into access to banking services in just three weeks since it opened. The review comes after a decade which has seen almost 7,000 bank branches close, with hundreds more happening this year and some announced in just the past few days. Richard Lloyd, a former Director at the consumer group Which?, gives his first interview since being appointed to lead the review. HMRC must "learn lessons" for the future after incorrectly suspending child benefit payments from thousands of claimants last year. That is the conclusion of a report published this week by the National Audit Office. The mistake happened during the wider roll out of a pilot scheme designed to cut some of the hundreds of millions of pounds estimated to be lost to fraud and error in child benefit claims each year. People who are 66 today, born 27 June 1960, are the youngest people who will get the Winter Fuel Payment this year. Normally the qualifying date is three months later. How does the payment work?And, VAT has been cut on summer attractions used by children - from theme parks to fast food - what kind of discounts are there?Presenter: Paul Lewis Reporters: Sarah Rogers and Jo Krasner Researcher: Catherine Lund Editor: Jess Quayle Senior News Editor: Sara Wadeson(First broadcast at midday on Saturday 27th June, 2026)

This week on the AJ Bell Money & Markets podcast, Charlene Young and Danni Hewson unpack the latest developments in global markets, from oil price volatility and the Strait of Hormuz to US inflation, bank earnings and what it all means for interest rates. They also assess Rachel Reeves' latest Mansion House speech and the outlook for UK economic growth. Tom Sieber joins the show for a busy week of company news, with easyJet, Marks & Spencer, TikTok Shop, IBM, Barratt Redrow, PageGroup, Hays all making headlines. Plus, Charlene explores the fastest fall in mortgage rates for almost two years, reveals what the latest HMRC figures tell us about Britain's growing tax burden, and looks at where holidaymakers will get the most value from their spending money this summer.   Topics covered [00:08] Introduction & market roundup [02:09] Strait of Hormuz, oil prices and global trade [10:41] US inflation, bank earnings and interest rates [13:41] Rachel Reeves' Mansion House speech [15:50] easyJet update [17:23] Marks & Spencer and TikTok Shop [23:14] Buy Now, Pay Later regulation changes [25:26] Shares magazine highlights with Tom Sieber [27:33] IBM results and tech spending trends [30:07] PayPal takeover approach [32:28] Barratt Redrow update and shareholder returns [35:23] Recruitment sector outlook: PageGroup & Hays [38:01] Paramount-Warner Bros deal challenges [40:10] Mortgage rates fall sharply [42:00] HMRC tax data and fiscal drag [46:43] Holiday spending money: where the pound goes furthest

Today's blockchain and crypto news Bitcoin is up slightly at $62,773 Ethereum is down slightly at $1,795 BNB is down slightly at $569 ROAD to Housing Act becomes law Analysts like Strategy's recent cash play HMRC will introduce “no gain, no loss” treatment for some crypto lending Learn more about your ad choices. Visit megaphone.fm/adchoices

Special Offer: Get 15% OFF your first FIGS order with code FIGSUK at checkout.Shop now at https://www.wearfigs.com/———————————————————————UK Dentists: Collect your verifiable CPD for this episode here >>> https://courses.dentistswhoinvest.com/smart-money-members-club———————————————————————That shiny new surgery, refit, extension, or “we had to do it for compliance” upgrade might be doing more for HMRC than it's doing for you. We're joined by Chris Lonergan, a tax consultancy director with deep construction and quantity surveying experience, to unpack how UK dental principals can be far more tax-efficient with property spend, legally, using capital allowances that HMRC expects to see claimed.We talk through why dental practice premises are often a huge slice of personal and business wealth, and why missed relief hits cash flow at exactly the moment you need it for financing, recruitment, equipment, and growth. Chris explains capital allowances in plain language, the difference between plant and machinery allowances and structures and buildings allowance, and the types of “integral features” that are frequently overlooked, from electrical systems and HVAC to fitted cabinetry, security, and access equipment.You'll also hear why timing matters: what to do before you complete a property purchase, when to bring in specialist support during a build or refurbishment, and how delayed claims can reduce how quickly you can use the relief. If you've spent serious money on a fit-out in the last few years, or you're planning one now, this conversation gives you a practical framework to ask better questions and protect your returns.———————————————————————Disclaimer: All content on this channel is for education purposes only and does not constitute an investment recommendation or individual financial advice. For that, you should speak to a regulated, independent professional. The value of investments and the income from them can go down as well as up, so you may get back less than you invest. The views expressed on this channel may no longer be current. The information provided is not a personal recommendation for any particular investment. Tax treatment depends on individual circumstances and all tax rules may change in the future. If you are unsure about the suitability of an investment, you should speak to a regulated, independent professional. Investment figures quoted refer to simulated past performance and that past performance is not a reliable indicator of future results/performance.Send us Fan Mail

This special summer edition of The Tax Factor sees CEO Nimesh Shah joined by Heather Self to analyse one of the most discussed and often misunderstood issues in UK tax policy: the tax gap. Together, they explore what the tax gap actually measures, why it matters, and what the latest HMRC figures reveal about the health of the UK tax system. The discussion challenges some common assumptions, including the belief that large multinational businesses are the primary drivers of lost tax revenue. Instead, Nimesh and Heather examine where the tax gap really sits, the role of small businesses, and whether initiatives such as Making Tax Digital, increased compliance activity and whistleblowing measures can help improve tax collection over the long term. They also look at the political backdrop, with a potential change of Chancellor on the horizon and growing pressure on the public finances. Could tackling the tax gap provide a solution, or is the reality far more complicated?See omnystudio.com/listener for privacy information.

In this Meaningful Money Q&A episode, Pete Matthew and Roger Weeks answer listener questions on key UK personal finance topics, including long mortgage terms, pension contributions, ISAs, investing property sale proceeds and planning for retirement with confidence. They explore flexible ISAs, SIPPs, Junior SIPPs, Gift Aid, money market funds and the £100k tax trap, with practical guidance for UK savers and investors. The episode also looks at financial literacy, how to teach money skills, and how to balance pensions, ISAs and accessible savings when building long-term financial security.   Shownotes: https://meaningfulmoney.tv/QA54    01:23  Question 1 Hi Pete & Roger, I'm a chartered management accountant so maybe I should know this but clearly not. I'm wondering is there a financial disadvantage of just taking the longest mortgage deal you can (i.e. 40yrs for example) & then each time it's up for renewal don't worry too much about reducing the term. As long as the mortgage interest rate is lower than the average long term return you'd expect on the stock market (say min 6%), is it not just best to pay lower monthly mortgage payments each month and keep the spare money invested? On a pound vs pound basis aren't you better off? I understand the stock market can go up and down but over the long term I'm struggling to see what the disadvantage is of this strategy, apart from the apparent freedom of being mortgage free. Thanks Jamie   06:45  Question 2 Hi, Why are these things not widely known or discussed? Flexible ISA's. SIPP contributions when retired. £2880+ Rebate. Junior SIPP when worried about Junior ISA end date. I have heard that Parents/Family/Grand parents don't want to pay in to an ISA when you don't know how the child will react to suddenly having control of this ISA money at 18. A SIPP may be a better option. Also one to watch, if you are retired and contributing to charities and tick "Gift Aid" then HMRC may back charge you if you are not paying tax. Emergency fund in Money Market Fund. Regards, Gary   13:00  Question 3 Dear Butch and Sundance   Long time listener, first time caller. Thanks for all you do, filling in the gaps in our financial education that should (but doesn't) start in school.   I'm 56 and looking at my later career options, something that contributes back and can supplement my (early) retirement income. I enjoyed the episodes you did on becoming a financial planner and if I were younger I may well have gone down that route. Instead I would like to help educate people on basic financial good practice. I'm particularly thinking about schools and young people. What options exist in this space, and if they don't exist and I want to create them, what sort of financial qualification would give me a good grounding so that I am not just an enthusiastic amateur.   I'm writing this in February, so if it makes it on to the podcast Merry Christmas everyone! Keep doing what you're doing, it's working. Nick   18:40 Question 4 Hello guys I have been an avid listener for many years, really enjoy the content. I finally have a question of my own. I am about to sell a property which I own outright and would like some advice on where to invest the money going forward, ie bonds, etf's, pensions, ive even considered premium bonds... I would rather spread the money into different pots rather than one product. I understand a pension would be the most tax efficient and I plan to put a small portion into my sipp and max out my s&s Isa however I'd rather be invested in something more flexible I don't intend to utilise the money anytime soon so I want to maximise its potential. I already have been investing in index funds for many years and built up a nice portfolio through s&s isa's. Any advice would be great appreciated Thanks, Paul   22:09 Question 5 Hello Peter and Roger! Thank you for the excellent videos. I listen to them on my daily walks and while cooking, and I always come away having learned something new—so thank you for all the insight you share! I have a question about planning my finances using the Die With Zero approach, especially as I have no children or spouse. I'm 52 this year and hope to hand in my notice in October 2026. I've always been a saver (largely out of insecurity!), so I'd really appreciate your thoughts on whether I have "enough," and—if so—how I can become a more confident spender in the next stage of my life. Here's a brief summary of my situation: I have around £300k across my ISA, general investment account, Premium bonds and cash savings. The allocation is roughly 20% equities / 60% UK gilts / 20% cash. This pot is intended to bridge the gap until my DB pension starts at 60. My DB pension is currently valued at about £18k per year (today's terms) and is inflation‑linked. I also have a SIPP worth around £500k, invested 85% in equities and 15% in money market funds. I have no debts. A small investment property brings in about £1000 a month. My spending target in retirement is about £2,500 per month after tax. ChatGPT has told me that I likely have enough to retire, but I still worry about worst‑case scenarios—war, high inflation, very low future returns for the next 20-30 years (e.g., below 3%), or needing long‑term care since I don't have family support. I value your thoughts before I finally hand in my notice lol. Thanks again for all the work you do. Abi   32:20  Question 6 Hi Pete and Roger, I'm a long time and regular listener and can even remember the time BR (Before Roger) although the modern era partnership has been some of the most entertaining content on the channel. THE CONTEXT I'm 41, married with kids (all out of nursery so no childcare free hours), we have a house with a mortgage. I'm employed full time, putting 19% of salary into my DC pension. I maxed my employer contribution of 8% (with 6% from me) back in 2019 and have steadily increased my contribution each year up to the current 11% (19% total). Currently the pot is worth ~£140k with monthly contributions of ~ £1,550. I'm in the very fortunate position that my salary growth has outpaced inflation and I am now teetering on the edge of the £100k mark. We also receive a variable annual bonus which is targeted at 10%. Pre Covid, we started a stocks and shares ISA, contributing £300/mo but when my wife was furloughed and subsequently made redundant, we had to stop those contributions. Still, that ISA pot has grown to ~£17k. I'd like to build up the ISA to give us flexibility on draw down in retirement but struggling to find the spare cash. Also mindful of creeping over the £100k threshold and reducing my tax free allowance so considering options like sacrificing part of my bonus this year into pension. THE QUESTION So the question, is it worth continuing to increase my pension contribution to 20% and beyond at this stage or start to focus more on building up ISA contributions. Congrats on the success of the Meaningful Money podcast, it is always top of my weekly listening queue and continues to educate and inspire me. Best wishes, Ben

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The Institute for Government was pleased to welcome Dan Tomlinson MP, Exchequer Secretary to the Treasury, to share his experiences as the sole departmental minister for His Majesty's Revenue and Customs – and set out his vision for transforming the department. What will the shift to “digital by default” mean for HMRC's performance, culture and operating model? How can digital transformation improve customer service? And what have the minister's 10 months in the role taught him about the way HMRC works and how it can be reformed? Following his keynote speech, Dan Tomlinson was in conversation with IfG Chief Economist Thomas Pope and took part in an audience Q&A.

King Charles has paid a £12.9 million tax bill, but is the royal tax system really fair? In this episode of Mark and Pete, we examine the King's personal tax payment, royal finances, the Duchy of Lancaster, the Sovereign Grant and the rather peculiar constitutional arrangement whereby the monarch pays tax voluntarily, rather than because HMRC has sent a brown envelope marked, in effect, “Your Majesty, kindly cough up.”King Charles reportedly paid £12.9 million in personal tax for 2024–25, up from £11.7 million the previous year, placing him among Britain's largest individual taxpayers. On the face of it, that is an enormous contribution. Most of us would consider it a fairly robust tax bill, possibly requiring a sit-down and a restorative biscuit. Yet the monarch is not legally required to pay income tax or capital gains tax. The payment is voluntary, following arrangements introduced by Queen Elizabeth II in 1993.So is this admirable royal transparency, or does it merely expose how unusual the monarchy's financial privileges remain?We look at the Duchy of Lancaster, the historic estate that provides the King with private income, and ask how royal earnings differ from the publicly funded Sovereign Grant. We also examine the cost of maintaining royal palaces, the refurbishment of Buckingham Palace, royal engagements, official duties and the argument that the monarchy provides Britain with tourism, diplomacy, continuity and national identity.But there are awkward questions. The published tax figure does not reveal King Charles's entire income, total wealth or effective tax rate. Nor does it show exactly what deductions were made for official expenditure. We know the size of the cheque, then, but not the whole calculation behind it. Transparency has opened the curtains, though perhaps not yet the windows.Should the King be taxed under exactly the same laws as every other citizen? Is voluntary taxation sufficient in a modern democracy? Does the monarchy cost Britain too much, or does it deliver value that cannot be measured simply in pounds and pence?Mark and Pete discuss King Charles's £12.9 million tax bill, royal wealth, constitutional privilege, public funding, fairness and whether the Crown has genuinely rendered unto Caesar, despite being Caesar's nearest surviving British relative.

The PCS union is calling for Capita to lose its contract to administer the Civil Service Pensions scheme six months after it took over. It follows problems which have seen thousands of retired civil servants waiting months for pension payments. The Union says it would like the contract to be managed by the government instead. Capita says it is making progress on getting things 'back to normal levels' and that it's got extra trained staff working on the backlog.Why is the take-up of child benefit, which is worth at least £1,400 per year, at its lowest level for more than twenty years? HMRC says it works with 'many partners' to promote take-up and provide information to new parents in hospitals across the UK. But what else can be done?A debt advice provider calls for a new social energy tariff to give cheaper gas and electricity to those on lower incomes, ahead of price rises in July.And, the new rare bank note to celebrate Scotland qualifying for the World Cup for first time in more than 25 years.Presenter: Paul Lewis Reporters: Hannah Mullane and Jo Krasner Researcher: Catherine Lund Editor: Jess Quayle(First broadcast 12pm Saturday 30th May 2026)

In this Meaningful Money Q&A episode, Pete Matthew and Roger Weeks answer six listener questions on UK personal finance - from gifting money to children using the 'normal expenditure out of income' rules to whether ISA withdrawals can support one-off big spends. They also cover pension consolidation and FSCS protection, investing while living abroad, how DB pension accrual affects SIPP annual allowance, and how to bridge the gap to State Pension without over-relying on AVCs. Finally, they tackle the practical steps to opening a Stocks and Shares ISA - and how to get started with confidence. Practical, jargon-free guidance for UK savers and investors navigating pensions, ISAs, tax and retirement planning. Shownotes: https://meaningfulmoney.tv/QA53  02:35  Question 1 Hi Pete and Roger, I have followed meaningful money for around 6 years now and it has been an invaluable source of sensible advice which I have followed. This has left my wife and I in a very good situation for retirement as you will see below. You deserve an MBE at least!. Love the double act with Roger as well. I am 62 and my wife is 60 years young. Our total pensions will be around 35K a year which is all we need for our basic living cost and general going out etc. We have a house worth £750K with no mortgage and no debts. I have a DC pension around £920K and my wife around £650K and our two boys have just moved out of our house and so we are now retiring and relearning life B.C. (Before Children). I have begun looking into gifting them money out of excess income. I like the idea of giving with warm hands - and strangely so do my boys! Putting our scenario into google gemini, using UFPLS with regular drawdowns and keeping within the current 20% tax band we could each have around 50K income after tax over the next 30 years. Really cannot see us spending more than 40K/year travelling and this will certainly reduce in time as we get older and so will give the increasing excess to our kids. To keep HMRC documentation simple (hmm) we plan to use our joint account to give gifts to the boys but I am guessing that we will need to prove to HMRC that we have equal income to do this? So my wife will take 8.5K less from her DC pension than I from mine. I hope this all makes sense. I presume if our incomes were not balanced we would have to pay out from our individual accounts and document both for HMRC purposes? In addition I have 200K and my wife around £150K in ISAs and savings . I know we can each gift 3000/year from the ISA as well as using excess income from our pension. Again, I asked google gemini about this and apparently I can use the ISA for certain capital payments. Eg a) to buy a new car b) redo bathroom/bedroom c) a large holiday  Not sure what would be the position if we said our largest holiday each year is paid from an ISA and any other holidays are from our pension income and we still gift excess to the kids? - seems a very grey area. I am sure in time HMRC will look closer into this area. So I think it will be sensible to still use the ISA in the next few years and not take everything from the pension and possibly change to funds from accumulation to income as well? One last thought as all this is based on the current tax rates. The IHT rate NRB has not changed since 2009 and would be worth around £530K today and I am presuming there will be increasing pressure to raise this given house price growth and especially after 2027 when pensions are included in the estate for IHT? Best Regards, Bill   09:37  Question 2 Dear Pete and Roger, I can't thank you enough for the excellent free content you put out into the world. I recently got diagnosed with a degenerative condition which will affect me and my family down the line. Your podcast has inspired me to take control of my finances including putting the right protections (insurances) in place and using investing to help navigate a more uncertain future - THANK YOU! The information is accessible and you guys make me chuckle as I go about my day! My question... I am keen to make my life easy when it comes to managing my finances but I have hit a wrinkle in my plan. My preference would be to consolidate my pension into as few pension accounts and underlying funds as possible.  To me the levels of protection available through the FSCS seem too low to be compatible with keeping a pension all with one provider. Am I missing something? How do you think about balancing this risk, without ending up with lots of pension accounts with different providers? Additionally, I have been selecting the same low cost All-World tracker ETF across my family's ISAs and SIPPs, is this inherently risky too and should I aim to use different fund providers (perhaps that aim to achieve the same investment objective). Anyway, I may be being overcautious here or be misunderstanding the level risk but any reassurance would be greatly appreciated. Thank you again Andy   18:24  Question 3 Hi Roger and Pete, I'm 32 and I've been listening the podcast for a few years and the advice (particularly about investing) has helped me immensely. I have a question about investment portfolios when moving abroad. I moved away from the UK 2.5 years ago, at which point I stopped investing into Vanguard and moved to Interactive Brokers. I still have a decent amount invested in Vanguard, but I'm not sure whether it makes sense to consolidate everything into one platform or keep it split over two. I don't have any immediate plans to return to the UK, although I imagine I will eventually. Do you think it makes any difference in how the investments are split, or am I worrying about nothing? Thanks for sharing any of your *thoughts* and perhaps clearing this up for me. Keep up the amazing podcast, Michael (originally from Cornwall!)   21:23 Question 4 Hi Pete and Roger I recently discovered your podcast and am working my way though the back catalogue! I am finding it extremely informative and it is helping me demystify a subject I have found confusing for a long time, so thank you. My question is how do I calculate the amount I can contribute annually to my SIPP whilst also contributing to a DB pension and AVCs (£200/month)? My annual gross salary is £25744. I opened the SIPP to give me flexibility to retire earlier than 67 when I intend to access my DB pensions (as well as my current local government DB pension I have a deferred University DB pension from previous employment), ideally between 60-62, and access the SIPP along with my S&S ISA to bridge the gap. Thanks, Melanie   27:28 Question 5 Hello Pete & Roger, I'm a long time listener and as a result in far better financial shape than I was for many years, thank you. In work I am often akin to the Shawshank Redemption character Andy Dufresne as I find myself offering financial or pension scheme advice to colleagues. This advice ends with recommending your good selves and the knowledge repository that is the Meaningful Money archive and books! I am 56 and just over 4 years from my planned early retirement at 61,  when I will have 36 years contributing into a company DB pension. I plan on taking this in a stepped format (with PCLS) to offer a higher initial payment until my state pension starts 6 years later at 67. To maintain basic rate income tax, I am paying my maximum matched pension contributions plus AVC's through salary sacrifice (until 2029) to keep just under the 40% tax limits. My wife will be solely reliant on her (full) State Pension having not contributed to a personal pension, she will receive this when I am 64, meaning our combined funding danger zone will be around 3 years during which we may need funds to top up our income either from the PCLS pot or ISA savings to this final combined total, "our figure". So my question: You repeatedly talk about retiring with options such as having pensions, ISA's and savings etc. but I am concerned my pension and AVC fund will be totally concentrated with little else. After maximising the pension and AVC contributions it looks likely I will not contribute enough to fund a savings pot that could comfortably cover the 3 year danger zone. Will this pension / AVC concentration matter? Should I continue paying the AVC's to avoid higher rate tax on my income and recovering tax rebate into the AVC pot? To me this makes sense, but would funding a savings pot give us flexibility to fund our pension gap somehow that I am missing, and do I need to target an ISA or other savings pot in my remaining working years. This prospect would feel like not living for today, but retirement is in touching distance so might it be worthwhile? Many thanks & best regards, Tim   34:52  Question 6 To the Bruce Springsteen and Little Steven of the financial world! Hi guys my name is Cam, I'd just like to say you guys are absolutely fantastic at what you do, the knowledge you provide is genuinely incredible and immensely helpful. I think I speak for all your listeners when I say without your podcast there would be a lot of people struggling with personal finance! Keep up the good work Pete and Rog! I am 27 years old, 17 months ago I quit my 9-5 and started my own dog walking business, I have since trained to become a dog trainer too. My business has gone from strength to strength and I'm very proud. However the change from going from a wage structure to a varied income per month has been a tough adjustment especially when saving and wanting to invest and so on. I contribute to my pension each month, I pay into a LISA each month (for a first time home) the only thing I don't do is pay into a stocks and shares ISA. Firstly how do I open one? I have listened to your podcast for well over 2 years now and have listened to the majority of the back catalogue, I feel like I know what to do but it's a genuine fear that's stopping me from opening one. I don't know how to explain it - it's almost like my head is telling me 'don't open one you'll mess it up.' Is it literally as simple as sign up to a provider, open an account, add money in each month? I feel stupid saying I'm fearful of opening one but I genuinely am! The last part of my question is simply is there anything else I should be doing that I'm currently not?  Insurance wise I have income protection and the necessary insurances for my business. Thanks once again you absolute legends! Cam Boring Money ISA Comparison: https://www.boringmoney.co.uk/compare/stocks-and-shares-isas/ 

A dispute over the taxation of profits landed one of Britain's richest men before the Supreme Court. uklawweekly.substack.com/subscribe Music from bensound.com

In this UK personal finance Q&A, Pete and Roger tackle six listener questions covering pensions, investing, tax and money mindset. We discuss whether high earners should ever consider opting out of the NHS pension due to annual allowance tax, how to handle family gifts during divorce, and what to do about ERI on accumulating ETFs in a GIA. You'll also hear guidance on rebalancing after strong fund gains, rebuilding finances after an IVA, and investing a £350k inheritance with ISAs, SIPPs and premium bonds. Shownotes: https://meaningfulmoney.tv/QA52    01:34  Question 1 Dear Pete and Roger, Could you provide an opinion on if and when it would be worth at least considering leaving the NHS pension scheme due to tax reasons?  I can sense immediate puckering and this is not something I ask on a whim - I am aware of the comparative value of public sector DB pensions versus other retirement savings methods and indeed encourage the staff I work with to pay in.  I am a senior doctor in my 40s with high NHS earnings and rental income on top. I am one of those affected by Annual Allowance tapering and have significant AA tax bills every year with no end in sight. My projections are that I will have an annual AA tax charge of ~£30k every year going forwards as my income is pretty stable. The annual AA tax charge is up to 40% of the annual capital benefits accrued in any year (i.e. LTA calc of 20 times pension plus 3 times lump sum).  I pay this via scheme pays but the scheme pays loan docked from benefits at retirement is inflated at CPI+1.7% against pension benefits growth of CPI+1.5% from my own research. I don't expect much sympathy as a high earner but no-one wants to pay more tax than they have to and I never hear my situation talked about other than snippets in the depths of Reddit forums.  My plan is to keep ploughing on and engage a full-scale planning review when I turn 50 leaving up to 10 years to consider aversive action once my wife and I have 'enough' pension. Many thanks for your thoughts. David. 09:23  Question 2 Dear Pete and Roger, I want to say a big thank you for all of the guidance you provide, there really is nothing else like it and has been hugely beneficial in organising my finances. My question for you is how to structure gifts to someone who is going through the early stages of a divorce. My sibling is sadly in this situation and our mother is looking to make a sizeable gift to us following the death of our father. How should we be thinking about this and are there any vehicles or structures such as trusts that we could be using to avoid my siblings spouse from being entitled to half of the gift? Grateful for any guidance you can provide in this matter. Best regards, Alfred 13:12  Question 3 Hi, I have held several GIA accounts for many years and I hold accumulating ETFs within the GIAs. Occasionally, I have had to pay CGT through my self assessment when I have sold these ETFs. Mostly, I have always been a basic rate tax payer. I have recently discovered that HMRC requires Excess Reportable Income (ERI) to be declared on accumulating ETFs. In the case of ETFs which receive company dividends, this means I need to take note of the Reporting date of each ETF and add up all notional dividends as if they were paid on the distribution date (6 months later) and if over £500, I should have paid dividend tax on the excess. Also, in the case of some MMF ETFs I hold, these may have an ERI notional interest payment and this would count as being potentially subject to income tax. Since I have sold many of these ETFs and I have not subtracted the ERI amounts from my total gain, I have probably overpaid tax (CGT) rather than underpaid as a basic rate tax payer. However, if I was a higher rate tax payer, I would probably have been underpaying tax if I have not accounted for ERI. This is because the higher rate dividend tax is much higher than the CGT rate. I now understand that to avoid having to calculate ERI on accumulating ETFs each year and keep a running total for each one, most people simply buy distributing ETFs inside a GIA rather than accumulating ETFs and I am in the process of ensuring all my ETFs are the distributing kind inside my GIAs. Should I be concerned about ERI on my accumulating ETFs? Do accountants calculate ERI for their clients on all the accumulating ETFs they hold? If so, how do they do it as there does not seem to be any easy way? Do HMRC ever check that the ERI on accumulating ETFs has been declared (my guess is that they would only bother for high rate taxpayers with large ETF holdings)? How would HMRC even know that you hold large amounts of accumulating ETFs on which you should be declaring ERI? Why is it that hardly anyone seems to know about ERI on accumulating ETFs? 19:14 Question 4 Good morning both, I would like to start by thanking you for all your hard work over the past decade or so. I am a mid 40's year old woman who had no financial knowledge until about 2 years ago. I had a cancer diagnosis which led me to leave a very time consuming and stressful job and take over the family finances which had been neglected for the best part of 20 years. We are now in a much better position; we have filled our ISA's and that of our children, put more money into SIPP's (and opened one in my case) and opened junior SIPP's for the kids. Our mortgage is paid off too. I have listened to all your back catalogue and in some cases relistened to episodes which have been especially useful to our situation! Thank you. My question relates to funds that have done particularly well and what is best to do with them. Some of my earlier fund choices are showing gains of around 50%. This seems extraordinary to me and I am very happy with the return. My Dad (much more experienced who has been doing this for 50 odd years) tells me the best thing to do with these funds is to take out 50% of the gain and reinvest in a different fund. What would your advice be? Take out the whole lot and re-invest? Take out 50% and re-invest that as recommended by my Dad or leave the whole lot in and hope it continues to grow? For background, I am very happy with the gains but we are very much on a catchup programme as we have started so late. The sums involved are still quite small! The ultimate aim is for my husband to retire early. I hope to work again too at some point once all treatment is finished but only part time. I am so grateful for everything you have done and always wait eagerly for the next episode to drop. With very best wishes, Agnes 26:02 Question 5 Hi, Hope you are well and can help a Cornish lass! I am 35 and have never been able to budget or manage finances. In fact I have always buried my head in the sand.  Unfortunately, when lockdown and maternity leave hit at the same time, we could not afford our debt repayments (we had purchased a house in January of 2020 too). We had no choice but to take out an IVA. We are now in the 6th year of this as it was extended as we couldn't release equity from our home. This is due to end in November of this year and I have been doing my best to learn about budgeting and managing finances ready for when this ends.  I have started a spreadsheet to start tracking expenses and aim to start an emergency fund plus a pot for putting some money away for Christmas/birthdays. I have been discussing this with my husband and he thinks we should get an overdraft as soon as the IVA finishes to start building our credit rating, whereas I think we should get a small credit card that we pay off each time we use it. What do you think we should do as our first few steps coming out of the IVA to build more security for our future?  Thank you in advance. Kindest regards Lisa 33:12  Question 6 Salutations, Roger, Pete, My question is on what to do with a lump sum inheritance-y thing as a younger guy. My parents have been very financially successful in business and incredibly generous to my brother and I, and gifted us each an apartment a few years ago, to make use of the "first property" exemptions and the 7 year gift rule. Now that I'm mature enough to understand the opportunity, I've taken control of the management of mine. While I understand it's an incredible income generating asset, I'm not a fan of real estate, and am much more comfortable selling the property and investing in index funds within the variety of wrappers available in the UK. After fees and taxes, should I go through with the sale, I will net approx £350k. My plan is as follows: - £47k into premium bonds (I currently have £3k) - £40k into my SIPP (limited by current salary) - £40k held in cash, to be invested into my SIPP in tax year 2, potentially up to £52k as my salary rises - Remainder into GIA - All invested in Vanguard index tracking funds I'm 26, working as an Officer in the military, so I have an incredibly low cost of living (subsidised accommodation and no utilities), and a non contributory DB pension plan, so no need to allocate money there, and am able to max out my S&S ISA yearly just with my salary. I know these steps are good, but having the best part of £220k in a GIA, paying CGT on the other end of that makes me a little unhappy, especially if I hold it for multiple decades. I'm aware this is a real champagne problem but do either of you have any recommendations on improvements to my plan and mindset, or are you able to poke any holes in my approach? Should I hold more in cash to later invest into my SIPP? Bed and ISA/ SIPP over time? Spend some of it, even? I know it's an aggressive approach, but I'm sort of an "all or nothing" sort of guy, even with investing as is referenced in my 70+% savings rate, but balance has always been hard for me to find. My goal is to be Financially Independent by 36. I'll likely keep working but I like the security of that idea, and the saltily coined term "F-you money". Whatever you both think, I will deeply ponder over and analyse for many hours. Thank you both for the many episodes of top tier information. I would apologise for the lack of brevity, but I know you love it really. Thanks guys, you're both rockstars! Nick

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

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

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

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

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

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

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

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

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

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