Podcasts about hmrc

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

Welcome back to another episode of Tax Talks!    I sat down again with the brilliant Tej Gill, who's not just a top-tier tax advisor but also someone who knows what he's talking about when it comes to corporate structuring and financial planning. We delved deeply into a topic that many business owners have heard about but don't always fully understand: Alphabet Shares.   Don't worry - we didn't just throw jargon around. We started right at the beginning, breaking down what a share is - from voting rights to dividends and capital rights - before getting into how Alphabet Shares work and why they can be such a powerful tool in your financial toolkit.   Tej explained how Alphabet Shares can give you more control and flexibility in your company, whether it's about who receives what dividends, how decisions are made, or how ownership is divided. They've been around for a while, but they're still one of the smartest ways to structure your business for tax efficiency, especially when thinking long-term or planning for the next generation.   We talked about practical, real-world scenarios - like how you might use Alphabet shares when setting up a company with your family, or if you're planning to pass on wealth to your kids without handing them the full keys to the castle (and without giving half of it to HMRC in the process).    Whether you're brand new to Alphabet Shares or you've heard about them and want to know how they actually work in practice, this episode's for you. I learned a lot from Tej, and I think you will too.    UFD RESOURCES: 

The fight against what is called push payment fraud - when victims are groomed and manipulated into transferring money to criminals - took a huge step forward in October when new regulations for banks and other finance companies were introduced to make the banks involved liable for the losses. It was the result of years of campaigning which Money Box has reported on from the very beginning. Now the first set of figures since then shows it is working better, but still not perfect. We'll hear from David Geale the Chief Executive of the Payment Systems Regulator.This week, some of Britain's biggest pension funds have pledged to invest more of the money they look after into UK assets. Seventeen major workplace pension providers have signed the Mansion House Accord, a voluntary initiative which commits them to invest at least 10% of the pension funds into what it calls 'private markets' with half of that invested in the UK. The Treasury says this commitment will drive more investment into infrastructure and businesses, while driving higher returns for savers and reducing risk through diversified asset holdings. We'll speak to the Chief Executive of The People's Pension which is the UK's largest workplace pension fund.If you get child benefit for a child aged 16 or over it will stop on 31 August unless you tell HMRC to continue paying it. What do you need to know?And are we becoming too reliant on digital banking when we should all have some cash for emergencies?Presenter: Paul Lewis Reporters: Dan Whitworth, Eimear Devlin and Catherine Lund Researcher: Jo Krasner Editor: Jess Quayle(First broadcast 12pm Saturday 17th May 2025)

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

Are you a PAYE employee spending your own money to do your job without getting reimbursed? You could be missing out on money that's legally yours through tax relief claims. This episode of the I Hate Numbers podcast breaks down everything you need to know about claiming work expenses online using HMRC's updated system. We explore what qualifies for tax relief, walk through the new online claiming process, and provide essential evidence requirements to ensure your claims succeed. From travel expenses and professional subscriptions to working from home costs, we cover the most common claimable expenses with real-world examples. Whether you're new to expense claims or looking to catch up on backdated claims, this episode gives you the practical knowledge to recover money you're entitled to. If you're an employee who pays for work-related expenses out of your own pocket, this episode will help you understand your rights and navigate HMRC's requirements with confidence. Main Topics & Discussion Understanding Tax Relief on Work Expenses Tax relief is available for PAYE employees who pay for work-related expenses from their own pocket without reimbursement. The key criterion is that expenses must be "wholly, exclusively, and necessarily incurred in the course of your job." This excludes personal items like lunch or your normal daily commute, but covers expenses directly connected to your work duties. What You Can Claim - The Essential Checklist Travel and Mileage: You can claim for travel outside your usual commute, including meetings, site visits, or temporary work locations. When using your own car, claim mileage at statutory rates (45p per mile for first 10,000 miles, then 25p thereafter). Public transport ticket costs are also claimable, but remember - your normal commute to the office doesn't count. Professional Fees and Subscriptions: Payments to trade bodies, professional groups, or governing bodies that are work-related and appear on HMRC's approved list qualify for relief. This includes trade unions, professional networks, and industry-specific memberships. Working from Home Costs: When your employer requires you to work from home (not by choice), you can claim a proportion of household costs including heating, lighting, and broadband. The key is proving it's a job requirement, not just convenience. Tools, Uniforms, and Equipment: Specialist gear, work clothing, and tools that your employer hasn't provided may qualify. HMRC offers flat-rate claims for uniform maintenance and toolkits for approved occupations. The New Online Claiming Process HMRC's online service for expense claims has been updated and relaunched. If your total claim is £2,500 or less in a single tax year and you're not required to complete a self-assessment tax return, you can claim online at gov.uk/tax-relief-for-employees/travel-and-overnight-expenses. For claims over £2,500 or if you already complete self-assessment, use your tax return instead. Essential Evidence Requirements

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

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

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

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

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

Simon delves into the world of property deal sourcing, offering valuable insights for both aspiring deal sourcers and seasoned investors. He covers the importance of finding great property deals, the criteria for identifying reliable deal sourcers, and the essential compliance measures they should adhere to. You will learn how to assess the quality of deals, the significance of having clear buying criteria, and the benefits of networking within the property investment community. KEY TAKEAWAYS Deal sourcing involves finding investment properties for those who may have the funds but lack the time or expertise to locate good deals themselves. It can be a lucrative opportunity for both investors and aspiring deal sourcers. When looking for a deal sourcer, investors should assess their recent deals, training background, whether they keep some deals for themselves, and their compliance with industry regulations, such as membership in the Property Redress Scheme and registration with the ICO and HMRC. Investors should be cautious of deal sourcers who request upfront payments to find deals. Instead, it's advisable to pay a reservation fee for specific properties once they are identified, ensuring that the investment is based on tangible opportunities. Both investors and deal sourcers need to conduct thorough due diligence. Investors should clarify their buying criteria to act quickly on good deals, while deal sourcers should vet potential investors to ensure they are financially capable and serious about purchasing properties. Currently, there are more sellers than buyers in the market, creating opportunities for both investors and deal sourcers. Engaging in deal sourcing can be a profitable venture, especially for those willing to put in the effort to find and pass on quality deals. BEST MOMENTS "If you're finding great deals that you don't want, instead of wasting those, why not pass them on to other investors and either get paid a fee for that." "A good deal sourcer will have a one-page summary of each deal they found saying why it is a good deal." "If you are selling property to someone, unfortunately, a lot of people use property as a way of laundering money." "My very strong recommendation is do not pay anyone any money up front to find you deals." "Finding deals that you don't want and passing them on to other people is a great way to make extra money." VALUABLE RESOURCES If you want to learn more about how to find the best deals in your area, join Simon for an Indepth 90 minute online Master Class. Register here https://property.isrefer.com/go/DSW/Podcast/ 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/

Salary sacrifice and National Insurance changes have created significant challenges for employers across the UK. However, every challenge presents an opportunity — and this episode of the I Hate Numbers podcast is all about turning rising employment costs into smarter savings. We break down the April 2025 National Insurance changes, explain the mechanics and advantages of salary sacrifice, and outline legal steps every business must follow. With real-world examples, tax-saving insights, and proactive advice, we show you how to keep costs down while maintaining employee benefits. If you're an employer navigating these changes, or an accountant advising clients, this episode will give you the practical knowledge and tools to plan ahead and reduce unnecessary tax burdens. Main Topics & Discussion Understanding the April 2025 National Insurance Changes From April 6th, 2025, National Insurance costs for employers increased from 13.8% to 15%, while the threshold dropped from £9,100 to £5,000. An increase in the employer's NI allowance from £5,000 to £10,500 helps, but many will still face higher contributions per employee. Additionally, Class 1B contributions have also risen to 15%, increasing overheads significantly. What Salary Sacrifice Actually Means Salary sacrifice is a voluntary agreement where employees trade part of their gross pay for non-cash benefits — like pension contributions or cycle-to-work schemes. This setup results in lower taxable pay, meaning both the employer and employee pay less in National Insurance while still gaining the same benefits. How Salary Sacrifice Works in Practice Take pensions, for example: without salary sacrifice, the employee pays £500 into their pension from net salary. With salary sacrifice, their gross salary is reduced by £500, and that amount goes straight into the pension. Both parties then enjoy NI savings. The Financial Benefits Are Clear Employers could save up to £900 per employee annually. Employees also reduce their own NI contributions. Multiply these savings across a workforce, and the financial impact becomes substantial — all without reducing actual pension value. Eligible Benefits for Salary Sacrifice Despite recent limitations, options like pensions, low-emission vehicles, workplace nurseries, and bikes with safety gear still qualify. Each brings tax efficiencies when structured correctly. Legal Requirements You Must Follow It's critical to follow the rules: update contracts, ensure genuine salary reductions, and never backdate arrangements. These schemes must be implemented before payroll runs. Errors could result in HMRC scrutiny. Why Act Sooner Rather Than Later The earlier you start, the greater your savings. Delaying means more months of paying higher National Insurance. Don't let inaction eat into your profits — explore your options now. Links Mentioned in This Episode

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

HMRC have a problem with poppadoms, Robb started a sticker shop, they talk about PS2 emulation, and finally Apple might like gaming again? This episode is sponsored by Inoreader – Boost Productivity and Gain Insights with AI-Powered Intelligence Tools Walkers' Sensations Poppadoms vs HMRC: the Chip of Theseus Fix ERR_SSL_BAD_RECORD_MAC_ALERT on MacOS Don't @ Me Stickers Robb Knight Shop Stripe Payment Links | Simple Links to Accept Payments PCSX2 Emulator Tony Hawk's™ Pro Skater™ 3 + 4 Nintendo Switch 2 - Wikipedia Apple buys game studio behind Sneaky Sasquatch – Six Colors Apple to Debut Dedicated Gaming App Within Days of Switch 2's Arrival - Bloomberg Send us feedback

Making Tax Digital represents HMRC's ambitious plan to bring tax reporting into the digital age. Consequently, we're facing significant changes that will affect thousands of self-employed individuals and landlords across the UK. Moreover, these changes are no longer a distant possibility but a concrete reality with confirmed implementation dates. The MTD Timeline: When Changes Take EffectOriginally, MTD was scheduled for April 2024. However, the government revised the timetable in December 2022. Subsequently, we now have a phased rollout approach that gives businesses more time to prepare.Specifically, the implementation follows this timeline: April 6, 2026: Businesses earning over £50,000 annually from self-employment or property letting must comply April 6, 2027: The threshold drops to £30,000-£50,000 April 6, 2028: Finally, those earning £20,000-£30,000 must join the schemeHow MTD Changes Your Tax ReportingPreviously, most self-employed individuals filed one annual tax return. Conversely, MTD requires quarterly updates throughout the year. Accordingly, you'll submit information four times annually, followed by a final year-end declaration.Additionally, paper records become obsolete under these new rules. Instead, you must use MTD-compatible software to record all income and expenses digitally. Eventually, traditional self-assessment returns will disappear entirely, replaced by this quarterly system. Should You Incorporate to Avoid MTD?Currently, limited companies don't fall under MTD requirements for corporation tax. Therefore, some business owners consider incorporating to delay compliance. However, we strongly advise against making decisions purely for tax reasons.Historically, incorporation provided significant tax savings. Nevertheless, these benefits have diminished over recent years. Generally, the tipping point for incorporation sits around £25,000 annual profit. Below this threshold, the tax advantages often prove marginal.Furthermore, becoming a limited company brings additional responsibilities: Companies House registration and annual filings Payroll system operation Both personal and corporate tax obligations Higher accounting fees Stricter penalty regimesAdministrative Impact and CostsUndoubtedly, MTD increases administrative burdens for self-employed individuals. Quarterly reporting means more frequent deadlines and ongoing software costs. However, embracing digital accounting tools can streamline this process significantly.Alternatively, limited companies face different administrative challenges. Specifically, they must manage payroll obligations, national insurance contributions, and potentially VAT compliance. Additionally, the rules around mixed personal and business expenses change when you incorporate. Making the Right Decision for Your BusinessObviously, there's no one-size-fits-all solution to this challenge. Rather, your decision should align with your business goals and circumstances. Particularly important is considering your long-term strategy, not just immediate tax implications.Certainly, professional advice proves invaluable when navigating these choices. Whether you choose to remain self-employed or...

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

In this week's episode of Unfiltered, we kick things off by discussing HMRC's new plans to use social media to track down tax dodgers. In the second part of the show, we cover a shocking story involving a brother and sister who took a man's life over a £200 cannabis debt.We then move the conversation to the current UK job market and how it's rapidly evolving. From there, Mark shares a wild Spring Break story from his time in New York — let's just call it a crazy one.To end the show, we react to a headline involving a pregnant teenager who was caught trying to smuggle cannabis with a street value of £225,000.⏱️ Timestamps:0:00 – Intro6:47 – HMRC using social media to track people12:46 – Brother and sister kill over £200 weed debt24:32 – The current UK job market32:25 – New York Spring Break story from Mark36:40 – Pregnant teen tries to smuggle £225,000 worth of weed44:43 – OutroJoin this channel to get access to perks:https://www.youtube.com/channel/UCZ_CNKqpdv2h0zd_chBuM2g/joinTo Support our channel join us on Patreon now starting from £1.00 per month for exclusive content every week plus loads of behind the scenes contenthttps://www.patreon.com/TheexpresstruthshowCall in number: 0121 318 2640Instagram: @expresstruthshowMark Hamilton Instagram: @Seamoorecake87Steven Brown Instagram: @Supermn91Theme Song video: https://www.youtube.com/watch?v=WL5FYsZRgGY

After attending six events this year, Tom Herbert wraps up the spring events season and shares what stood out. Suggesting there's been a big push around software that sorts, stores and manages data, Herbert looks at why there's an increased interest and whether firms actually want it or whether it's a way for vendors to justify their GenAI investments. Meanwhile, Richard Hattersley digs into HMRC's latest move against one of the UK's most well-known tax avoidance promoters, Paul Baxendale-Walker. With a Stop Notice now issued, Richard explains what it means and whether HMRC's tougher stance is finally starting to bite. And to round things off, Matthew Ord looks into the concerns about the ethical consequences of using AI. After chatting with Brad Channer, he explores the environmental cost of AI and whether the pressure to keep up with tech is worth the long-term impact.

In this episode of The Digital Executive podcast, host Brian Thomas speaks with Vivek Kumar, CEO and co-founder of Social Trait, the world's first audience behavior simulation engine. Vivek shares his journey from public service at HMRC and investment banking to launching a breakthrough AI platform in Australia. He reveals how a social media backlash moment sparked the idea for Social Trait, leading to the development of AI-powered virtual audiences that allow brands to preview real reactions before a campaign goes live.Vivek also dives into the technology behind Social Trait, including the platform's ability to simulate millions of AI agents that behave like real consumers. He explains how this drastically shortens research timelines, eliminates the need for traditional focus groups, and helps marketers test everything from message resonance to virality. If you're interested in the future of AI in market research and want to hear how Social Trait is changing the game, don't miss this conversation.

In this episode of the Digi-Tools in Accrual World Podcast, we jump back int the latest accounting tech news. trends and updates, including Xero and QuickBooks integrations, revenue and profit growth statistics, and the impact of automation and AI.  Join us as we explore new research from Credence Research, the market valuation of the small business accounting software market, and the latest updates from leading providers like Canopy and WorkflowMax. Additionally, we have an insightful interview with Monica Odysseos from Grant Thornton Cyprus, who shares her journey in AI and its transformative effects on the accounting field.  Don't miss out on the essential tech news and expert advice to stay ahead in the industry! 00:00 Coming Up 00:55 Welcome! 03:38 App news 03:43 Small business accounting software market forecast to 2032  08:35 Xero releases 2025 accounting industry report 15:55 HMRC seeks new CRM to replace Salesforce    20:00 MTD proving more expensive for businesses than expected 23:07 Canopy raises $70m to scale AI-powered accounting platform  26:21 Xero and BGL announce Workpapers integration partnership 29:08 QuickBooks enhances sole trader features for accountants 31:57 WorkflowMax delivers March 2025 product updates 34:37 AI in Accounting: Regulation, Implementation and Ethics - Monica Odysseos

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

Tune into this weeks podcast lots of Salford Red Devils chat to go though as the Council withdraw from stadium negotiations with Dario and friends, Paul King returns, HMRC writeoff threat is real, Ladies lose in the cup final against the old enemy as Paul Rowley talks Loop fixtures, Injuries and Castleford. Listen here for via your podcast playing app

Business ownership comes with numerous responsibilities, especially when it comes to tax compliance. Moreover, as HMRC intensifies its digital surveillance capabilities, staying ahead of tax requirements has never been more crucial.The Digital Detective Has ArrivedPreviously, HMRC relied on basic methods like paper trails and manual checks. However, they have subsequently embraced sophisticated technology to close the UK tax gap. Specifically, at the heart of this revolution lies their powerful "Connect" system, which consequently processes billions of data points to identify inconsistencies.Undoubtedly, this system has transformed how tax investigations begin—approximately 90% now start because the Connect system has flagged something unusual. Additionally, business ownership requires understanding that HMRC can investigate any tax return without providing a reason.Your Digital Footprint Is Being MonitoredFurthermore, HMRC's data collection extends far beyond traditional sources. Although bank statements and tax returns remain important, they also monitor: Social media activity Travel data and passenger lists Google Street View and location data Cryptocurrency transactions Online payment platformsGenerally, if your lifestyle doesn't match your reported income, this will raise red flags. Consequently, business ownership now requires heightened awareness of your digital presence and its potential tax implications.New Reporting Requirements for Digital PlatformsSince January 2024, platforms like Airbnb, Uber, Deliveroo, and eBay must report sellers' income directly to HMRC. Accordingly, the first report covering January-December 2024 was due by January 2025. Although occasional sellers with fewer than 30 sales are currently excluded, this clearly indicates future trends.Therefore, business ownership in this digital age means understanding that your sales data is automatically submitted to tax authorities.AI and Advanced AnalyticsMeanwhile, HMRC continues to leverage artificial intelligence to analyze the collected data. Subsequently, this technology identifies patterns and assesses behavior more efficiently than ever before. Because of geomapping capabilities, they can also link sales, income, and demographic data to specific locations.Hence, business ownership requires recognizing that HMRC can pinpoint high-risk businesses with greater speed and accuracy than ever before.The Human Element RemainsNevertheless, HMRC still relies on human intelligence. Specifically, they maintain a hotline for informants to report undeclared income. Furthermore, as of March 2025, informants who report serious non-compliance can receive up to 25% of the recovered tax.Phoenixism Under ScrutinyAdditionally, HMRC is targeting "phoenixism"—where directors close debt-laden companies and quickly open new ones to avoid taxes. Consequently, they now demand upfront tax payments for high-risk new companies and sometimes hold directors personally liable.Protecting Your BusinessTherefore, how can you protect yourself? Firstly, keep detailed records of all income, regardless of size. Secondly, declare everything—hiding income is both criminal and counterproductive. Thirdly, seek qualified professional support.Certainly, business ownership demands transparency in today's digital landscape. Although mistakes happen, HMRC's increasingly watchful eyes mean even honest errors can lead...

As the new financial year begins, John and Ele explore the real impact of April’s tax changes from rising employer NICs and the scrapping of EV tax breaks to the end of holiday let perks. They discuss the Government’s sweeping new tax reform package, including 39 proposals to simplify the system, reduce compliance costs, and even shrink HMRC’s London footprint. Also, this week, milkshakes may soon face sugar tax, Liverpool sidesteps legislation to bring in a tourist levy, and Wetherspoons fails to convince a tribunal that cider isn’t booze and a £400k R&D clawback case puts HMRC’s stricter claims regime in the spotlight.See omnystudio.com/listener for privacy information.

A scheme from HMRC has helped more than half a million people in the UK to top up their savings with a ‘Help To Save' account. Hywel Davies has been finding who's eligible and how to get started. For more information, visit the Help to Save website -  Get help with savings if you're on a low income (Help to Save): How it works - GOV.UK

Welcome to the electrifying kickoff of Season 4 of the UK Flooring Podcast! We're diving in with none other than Sarah Cockerill, the powerhouse co-founder of Cockerill & Co, who brings raw honesty, resilience, and a fresh perspective to the flooring industry. In this episode, Sarah faces a gauntlet of brand-new questions designed to uncover the human side of business, from personal triumphs to industry challenges like menopause and upcoming regulations. Get ready for a rollercoaster of insights, laughs, and real talk that will inspire flooring professionals, contractors, and retailers alike.What's Inside:Sarah shares her excitement about her ongoing house renovation project and the emotional moment of reflecting on her newly built front gates!Discover why Sarah believes success isn't a “pot of gold” but a state of contentment, driven by meaningful client wins and a fulfilling work-life balance.Sarah admits to the myth of having it all together!A candid discussion on the unspoken struggles of menopause for women in flooring, calling for more open conversations.Sarah predicts major changes driven by HMRC regulations and a push for better training and customer experience in the next three years.Where to Find Us:Website: https://theukflooringpodcast.co.uk/Instagram: https://www.instagram.com/theukflooringpodcast/Facebook: https://www.facebook.com/theukflooringpodcastEpisode Sponsored By The InstallerShowExperience InstallerFLOORING at InstallerSHOW 2025!Taking place at the NEC, Birmingham on 24-26 June, InstallerFLOORING will feature the latest tools, systems and materials from top exhibitors. There will also be the opportunity to watch live demos from FITA, watch NICF's Fitter of the Year semi-finals, get hands on with the latest tools and tech, and be in with the chance of winning £10,000!You won't want to miss out. Register for your FREE ticket here· Website: https://www.installershow.com/· Instagram: https://www.instagram.com/installershow/· Facebook: https://www.facebook.com/installershowProduced By: Cockerill & CoReach out on 01325 952548 or email hello@cockerillandco.co.uk.Website: https://www.cockerillandco.co.uk/Instagram: https://www.instagram.com/cockerillandco/Facebook: https://www.facebook.com/cockerillandco/Don't miss this episode—subscribe now for more stories and insights from industry leaders! Hosted on Acast. See acast.com/privacy for more information.

Discover how I got HMRC to pay for a 5-star trip to Spain for me and my wife – and how you can too! In this video, I break down the exact strategy I used to save over £6,600 in taxes on a £5,515 business trip, legally and defensibly. As a business owner, you're getting squeezed by rising taxes and costs in the UK. Don't leave money on the table! Here's what you'll learn:  - The 3 key criteria to make business expenses tax-deductible.  - How to document trips to save thousands, with real examples from my Spain trip.  -  Why your accountant might be costing you money – and what to do about it.  Ready to keep more of your hard-earned cash? Visit https://CeoPayRaise.com and unlock personalized strategies to boost your take-home pay. Don't miss out – subscribe for more videos on thriving as a UK business owner!  

This week on The Tax Factor, Heather and Sarah (celebrate!?) 20 years of HMRC with a look at its latest performance woes, from phone line chaos and missing repayments to the absurdity of pursuing a taxpayer for £600.Also, this week, Holly Willoughby’s agency gets a stern reminder that HMRC doesn’t do celebrity favours, a fake Greggs manager pockets pandemic cash, and a warning about getting caught in VAT carousel fraud. Plus: £150m in tax relief for Jurassic World and Ofgem’s bright idea that richer people should pay more for electricity. What next - tea bags? Loo roll? Audio to download: https://assethub.azets.com/transfer/9866882ddd7ebbd54cb5641bd3a6de08a00caaf357af0b13135469cc883aac68See omnystudio.com/listener for privacy information.

This week we answer questions on the loose theme of capital gains tax and investing via General Investment Accounts (GIAs). Spoiler alert - nothing's as simple as it might seem! Shownotes: https://meaningfulmoney.tv/QA11    01:06  Question 1 Whenever a question comes up in our Facebook group about Capital Gains and GIAs (General Investment Accounts) I get a sinking feeling as I do not know much about that type of account, and I don't have one myself.  I am not alone. I have gathered questions from our listeners about capital gains, so in this episode Pete & Roger can tell us all about Capital Gains, Dividends, and anything else we need to know about using a GIA, and other situations which involve capital gains tax. 19:03  Question 2 Hi both, I've recently discovered your podcast and have thoroughly enjoyed my commutes listening to you. Personable and informative. I have a question about selling my buy-to-let property that is in my personal name. My mortgage term is ending in June 2026 and I'd like to sell it for one of better quality that has less issues. I'm currently a higher-rate taxpayer but we're planning to start a family in the next year, meaning I'll be on maternity leave for 12 months which will push my salary down to basic-rate. Impossible to plan when I'll get pregnant but it would be useful to know how HMRC calculates my salary (and over what time period) so that I pay basic-rate CGT when selling my buy-to-let? Apologies for a very wordy question! Thanks a lot and best wishes, Winnie 22:17  Question 3 Hi Pete, I hope you're doing well! I've been really enjoying the Meaningful Money podcast and had a question I'd love to hear your thoughts on the show: In a general investment account (GIA), is it's better to use an income fund to avoid triggering CGT if income is needed (assuming the dividends covers the needs in the short term)? Thanks so much for your wisdom! And keep up the great work on the podcast! :) Best regards, Chloe 26:53  Question 4 Hi Pete, Roger (and Nick who I assume is reading this :-)) I have a question I'd be grateful if you could answer which is around capital gains tax on any shares or funds held outside an ISA/pension. To use an example with higher numbers so that the allowance is used for simplicity: - You have £100k in a GIA - it increases by £10k a year for the first two years; - it's then down £2k in the third - the total value is now £118k - You then want to draw out £10k - How do you work out what capital gains the tax is to be paid on i.e. is the full £10k considered a gain? - Is the withdrawal from the original £100k or from the increase in value i.e. gain? - Would you be better to withdraw up the annual allowance every year and then put it back in to reduce the gain, considering there's no allowance for the impact of inflation? Love the show, keep up the good work in whatever format you decide going forwards - you've made real differences to the way I've managed my investments over the years, especially at scary times like Covid and your book and courses have given my kids the education they need for their long investing lives. Thanks, Dino 36:39  Question 5 Hi Pete & Rodger, I started a deep dive into our overall finances over the Christmas period, to set the picture I am 47, my wife's 42 and we have two children a boy 5 & a girl 3. I received a diagnosis last year which will have a long term impact on my ability to sustain my current level of income & type of work I do. We have a 154k mortgage with 19 years left on the term, with the uncertainty around my health I have decided to target maximum overpayments on the mortgage, this year we can pay 18k extra. My questions are: 1. I plan to save circa 1k per month salary to put into the overpayment pot, I am hopeful that the HL shares will meet past highs and I can use some of that money to top up the salary savings and hit our target. Do I pay tax on the profit I make from selling shares? If it's no more than 3k? I was hopeful I could sell shares annually and withdraw the gains annually, then reinvest in same stock when they dip. I realise that past performance isn't always guaranteed but monitoring since covid the stocks I am invested in are fluctuating from a £15 low to £20 high annually. So looking to sell at £19.5. Is this the best way to use the extra cash at present given the plan to access quickly at times. I have maxed out isa allowance for current FY (2024/25) but will probably pay the 1k per month into an isa in new FY. 2. I am planning to do lump sum overpayment rather than setup monthly, just to give easy access to funds should they be required. I plan to cash in some company SIPPS annually when they aren't taxable (after 5 years) that sum will be on average 1k per year. Will the SIPPS cashed in and gains from HL sales leave me vulnerable to paying capital gains tax? If all goes to plan we could be mortgage free by 2033 approximately and there would be less of a dependency on my salary. Deep down I just want us to be setup financially as best we can with the uncertainty around my health. I would really appreciate your views, love the podcast and it's been a real source of knowledge to me. Best Regards Lee 43:52  Question 6 Hi Pete & Roger, I found your YouTube channel last year and through that the Podcast – both are absolutely fantastic and have helped me and my family so much with many aspects of managing our money and planning our finances. My question relates to if and to what extent capital gains tax can be offset by making SIPP contributions. My wife and I jointly own a buy to let property that we are selling in the new financial year (25/26).  When the sale completes, we expect to each have a taxable capital gain of around £30,000.  My wife earns around £10k a year from a part time job, therefore most of her gain will be taxable at the lower rate of 18%.  For the last couple of years, she has made annual gross SIPP contributions 100% of her earnings (£10,000) which is the maximum gross contribution she can receive basic rate tax relief on. This year, as well as contributing the usual £10,000 gross, (100% of earned income), can she also contribute up to a further £30,000 gross and receive basic rate tax relief on this additional contribution, thus offsetting the CGT paid on the gain from the property sale?  If so, with CGT payable at 18% and basic rate tax relief of 20%, contributing the full £30,000 would actually more than offset the CGT (which I fear is too good to be true). If this is the case, is there any other strategy we should be considering to achieve the same or similar outcome?  I have really struggled to find definitive guidance around this, so any clarity you can provide will be much appreciated. Many thanks and keep up the great work. Steve

Not unlike the Rolling Stones, Peter Hitchens is ready to toss his TV through the nearest window. He's in accord with the late, great Groucho Marx who was once moved to remark: "I find television very educating. Every time somebody turns on the set, I go into the other room and read a book." Once forced to rent a TV to watch the news before being quickly lured towards shows like Minder, Peter is now wary of the television, to the point he blames it for a lot of the world's woes. Tune in for that.And as the customer friendly ad for the Inland revenue insisted, tax doesn't have to be taxing. Try telling that to Sarah and her circle of friends who have tried and failed to reach the HMRC to query a bill or simply get help. The revenue sent bailiffs to the door of one friend, while another chum had to draw down part of their pension to meet a tax demand. So, here's the question, why are the inland revenue so awful and insistent on treating people like criminals?On our reading and watching list this week: ·      The Wonder Years·      Amusing Ourselves to Death: Public Discourse in the Age of Show Business – Neil Postman·      The Great Tax Robbery: How Britain Became A Tax Haven For Fat Cats And Big Business – Richard Brooks To get in touch, email: alas@mailonline.co.uk, you can leave a comment on Spotify or even send us a voice note on Whatsapp – on 07796 657512, start your message with the word ‘alas'. Take our show survey at:https://ex-plorsurvey.com/survey/selfserve/550/g517/250305?list=9 Presenters: Sarah Vine & Peter HitchensProducer: Philip WildingEditor: Chelsey MooreProduction Manager: Vittoria CecchiniExecutive Producer: Jamie East A Daily Mail production. Seriously Popular Learn more about your ad choices. Visit podcastchoices.com/adchoices Hosted on Acast. See acast.com/privacy for more information.

Not unlike the Rolling Stones, Peter Hitchens is ready to toss his TV through the nearest window. He's in accord with the late, great Groucho Marx who was once moved to remark: "I find television very educating. Every time somebody turns on the set, I go into the other room and read a book." Once forced to rent a TV to watch the news before being quickly lured towards shows like Minder, Peter is now wary of the television, to the point he blames it for a lot of the world's woes. Tune in for that. And as the customer friendly ad for the Inland revenue insisted, tax doesn't have to be taxing. Try telling that to Sarah and her circle of friends who have tried and failed to reach the HMRC to query a bill or simply get help. The revenue sent bailiffs to the door of one friend, while another chum had to draw down part of their pension to meet a tax demand. So, here's the question, why are the inland revenue so awful and insistent on treating people like criminals? On our reading and watching list this week:  ·      The Wonder Years ·      Amusing Ourselves to Death: Public Discourse in the Age of Show Business – Neil Postman ·      The Great Tax Robbery: How Britain Became A Tax Haven For Fat Cats And Big Business – Richard Brooks   To get in touch, email: alas@mailonline.co.uk, you can leave a comment on Spotify or even send us a voice note on Whatsapp – on 07796 657512, start your message with the word ‘alas'.   Take our show survey at: https://ex-plorsurvey.com/survey/selfserve/550/g517/250305?list=9   Presenters: Sarah Vine & Peter Hitchens Producer: Philip Wilding Editor: Chelsey Moore Production Manager: Vittoria Cecchini Executive Producer: Jamie East   A Daily Mail production. Seriously Popular Learn more about your ad choices. Visit podcastchoices.com/adchoices

This week on The Tax Factor, Heather Self and Rehana Earle look at HMRC scaling back phonelines and webchat services to tackle fraud.They discuss a recent SDLT case where timing could cost a taxpayer their refund, the tribunal sided with the taxpayer, but the battle may not be over yet. Making Tax Digital is expanding to the self-employed and landlords, but a new survey reveals worrying gaps in public awareness, is HMRC doing enough to get the message out? And arise Sir Jeremy Hunt!See omnystudio.com/listener for privacy information.

There will be no compensation for more than 46,000 people who lost thousands of pounds each when the funeral plan firm Safe Hands went bust 3 years ago. The regulator - the Financial Conduct Authority - was told this week it should consider compensating them after a report by Rachel Kent, the Complaints Commissioner, set out the FCA's failings over Safe Hands. In response, the FCA has said it does not accept it was at fault, that it did not regulate the funeral planning firm at the time, and no compensation would be paid. This month the Government has announced plans to scrap new leasehold flats, replacing it with a system called commonhold already used in Scotland where homeowners collectively own the building and the land. But how will the planned improvements to the rights of existing leaseholders work? There's changes to how 'side-hustlers' report their earnings to HMRC, but it's not a tax cut, how will that work?And there's extra money to help pensioners in Northern Ireland with their heating bills.Presenter: Paul Lewis Reporters: Dan Whitworth and Eimear Devlin Researcher: Jo Krasner Editor: Sarah Rogers.(This programme was first broadcast at 12pm Saturday the 15th of March 2025)

In this week's episode of The Tax Factor, Roger Holman and Neil Insull look at the quiet storm that is April's new tax landscape - changes may have been light in the Spring Statement, but the devil, as ever, is in the (Autumn Budget) detail. In Guernsey, the government has done the unthinkable: opened a tax drop-in centre where people can actually talk to someone. A bold move that feels very different from HMRC’s current approach. There is the curious case of Timothy Bunting v HMRC, where an initially successful taxpayer ended up losing not only the argument, but also his cash and his relief and finally a timely nudge: It’s a good time to review your ISA’s.See omnystudio.com/listener for privacy information.

Watch full video at Charles Kelly Money Tips Podcast: https://youtu.be/VRexfc258N4 Interview with Chartered Tax Adviser and Accountant on changes to Furnished Holiday Lettings tax regime, IHT, Trusts and Wills, SDLT, pensions, ISA, Non-Dom tax status and end of year tips. High taxation is one of the reasons 10,000 millionaires left the UK last year. Check out my video on this. As the tax year draws to a close, now is the perfect time to review your finances and take advantage of last-minute tax-saving opportunities. In the latest episode of the Charles Kelly Money Tips Podcast, we break down essential end-of-tax-year tips to help you reduce your tax bill legally and keep more of your hard-earned money. Maximize Your ISA Allowance You can save up to £20,000 tax-free in an Individual Savings Account (ISA). If you haven’t used your full allowance, now is the time to top it up. Utilize Pension Contributions Contributing to your pension not only grows your retirement fund but also reduces taxable income, with tax relief of up to 45% for higher earners. We don’t know how long this tax concession will last. Claim Allowable Expenses Self-employed? Ensure you claim all deductible expenses, such as home office costs, travel, and professional fees, to lower your taxable profit. Use Capital Gains Allowance Sell assets strategically to take advantage of the current capital gains tax-free allowance before it resets in the new tax year. Gift Money IHT Tax-Free Use your annual £3,000 inheritance tax gift allowance to pass on wealth without tax implications. Use it or lose it. Use your accountant, tax specialist, financial adviser and other professionals to save you money. Good advice can save you a fortune. Invest in yourself. Don’t miss out on these end-of-tax-year strategies—watch the full video now! 7 Powerful Steps to Transform Your Finances in 2025 As we move closer to 2025, now is the perfect time to take charge of your finances and make it your most successful year yet. In the latest episode of the Charles Kelly Money Tips Podcast, we explore actionable strategies to help you achieve financial freedom and build wealth. Watch full video - https://youtu.be/-k7HPn0u_Ok?si=j6ZpuTlRyCJzuIxY Section 24 Property Landlord Tax Hike Interview with Chartered Accountant and property tax specialist who reveals options and solutions to move your properties from your own name into a limited company or LLP whilst mitigating the potential HMRC pitfalls. Email charles@charleskelly.net for a free consultation on how to deal with Section 24. Watch video now: https://youtu.be/aMuGs_ek17s #section24 #TaxSavingTips #EndOfTaxYear #FinanceTips #UKTaxes #WealthBuilding #MoneyManagement #PensionPlanning #TaxFreeSavings #CharlesKellyMoneyTips #furnishedholidaylet #IHT #SDLT #ISA

On this episode of the AJ Bell Money and Markets podcast Danni Hewson and Charlene Young discuss what has been a volatile first quarter for markets [1:55] as companies and investors try to navigate Donald Trump's tariffs. The pair discuss which sectors have borne the brunt so far and how the UK could be impacted. With Awful April [13:20] in full spring Charlene runs through the bills that have jumped up and considers what that might do for inflation and interest rates.  Danni picks through some eye-catching market news with [17:18] Conservative US TV network Newsmax jumping more than 2,000% after its IPO and a potential bid for UK's Alphawave as Qualcomm looks to boost its AI chops and with US markets under pressure and investors looking for ways to diversify, we hear from Emily Fletcher, portfolio manager of Black Rock Frontiers Investment Trust [22:34]. Tax year end is upon us [40:40] and Charlene talks through new allowances, using pension contributions to pare down your tax bill and popular options like Bed and ISA which help you bring existing investments into tax wrappers. Plus, news from HMRC that the interest rate charged on late tax payments is going up. And with investors warming to bonds again after a patchy period where they didn't comfort portfolios as expected, Dan Coatsworth talks to Ryan Myerberg from the Brown Advisory Global Sustainable Total Return Bond Fund about all things fixed income. [50:40]

The number of UK buy-to-let property companies listed at Companies House has soared to record levels since George Osbourne introduced his ‘Section 24’ tax bombshell on landlords. If you are stuck in the Section 24 tax trap contact me at charles@charleskelly.net to arrange a free consultation with a property tax specialist. There are now over 400,000 limited property companies registered, more than any other businesses and four times as many as fast food firms. Since 2016 there has been a fourfold rise in incorporated buy-to-let businesses, much of which is due to George Osbourne’s ‘Section 24’ tax hike on landlords. The change in the law meant that buy-to-let landlords with properties held in their own names could no longer offset mortgage interest against their rent (pre-profit gross income). Almost 700,000 properties are now held in limited companies, rather than in individual names, which has become the standard method used to buy investment property in the UK. Watch full video version - https://youtu.be/tdcdZDdu7qY Section 24 Property Landlord Tax Hike Interview with Chartered Accountant and property tax specialist who reveals options and solutions to move your properties from your own name into a limited company or LLP whilst mitigating the potential HMRC pitfalls. Email charles@charleskelly.net for a free consultation on how to deal with Section 24. Watch video now: https://youtu.be/aMuGs_ek17s #section24 #TaxSavingTips #FinanceTips #UKTaxes #WealthBuilding #MoneyManagement #PensionPlanning #TaxFreeSavings #CharlesKellyMoneyTips # #property #propertycompany #investmentproperty #buytoletlandlord

As usual, we cover lots of ground in this week's Q&A, including tax-free cash recycling, private medical insurance and Lifetime ISAs. Shownotes: https://meaningfulmoney.tv/QA10  00:57  Question 1 Dear Pete & Roger. I'm a long-time listener and love the podcast, especially more so since Roger joined back in season 21. I'm an additional rate taxpayer with income below the threshold for the tapered annual allowance. I have been contributing £45k to my workplace defined contribution pension via salary sacrifice for the last couple of years, and my effective tax relief rate on contributions is 47%. This coming April (2025) I will turn 55 and will be able to access my pension. I am considering increasing my salary sacrifice contributions by £14,000 per year and funding this by taking just under £7,500 PCLS (i.e. tax-free cash) from my pension. Having watched the MeaningfulMoney video on Tax-Free Cash Recycling and checked the HMRC web site, I know this is not considered tax-free cash recycling because the PCLS withdrawals will be below £7,500 per year. However, I don't know if sacrificing £7,500 of tax-free cash in return for £14,000 of new contributions will have any unintended consequences. In retirement I plan to withdraw money via UFPLS and use tax-free cash to minimise my effective tax rate and have no plans to use it to fund large purchases. Have I missed anything? Simon. 04:01  Question 2 Hi Pete, I hope you're doing well! I've been really enjoying the Meaningful Money podcast and had a question I'd love to hear your thoughts on the show: With the long waiting times on the NHS, is having private health insurance a new 'must have' protection or still a 'nice to have'? Thanks so much for your wisdom! And keep up the great work on the podcast! :) Best regards, Chloe 07:05  Question 3 Hi guys - thanks for all you do with this podcast. I've been incredibly fortunate to find you in my 20's and absorb so much useful knowledge. My question is surrounding LISA's. My fiancé and I currently live separately but we're looking to move in together ahead of our wedding this summer. She owns her own home and I currently rent so we'll be moving into her house. Our plan is to live for a couple of years in her (or soon to be our) house as she managed to secure a favourable rate that will help us to save together for our next home. The majority of my current house deposit (around £35k) is in a LISA, however in the last year or so I've quickly realised that our next home together will probably sit above the £450k limit that LISA's allow. Given that we live in a pretty expensive area and want to stay here, is there anything you would suggest? We've thought about me 'buying in' to her current house but we don't want to remortgage and lose the favourable fixed term. Any ideas? Cheers, Joe 11:38  Question 4 Hi Butch & Sundance, my question is about SIPPs & ISAs and tax implications when used with State Pension and a Defined Benefit Pension. I'm planning to retire 7 years before state retirement age (67) and plan to use a DB pension and SIPP in those 7 years. The annual income from the DB pension will exceed the current basic rate income tax annual allowance (£12,570) and withdrawals from the SIPP outside of the tax-free lump-sum, would all incur basic rate income tax. I would like to keep investments that continue to grow, but with the removal of some IHT benefits within a SIPP, is it now worth withdrawing more than I need each year and moving the SIPP investments to a Stocks & Shares ISA over the next 7 years and therefore reduce tax paid over the following 20-30 years from the age of 67? Or am I making more of minor issue than is needed? Keep up the excellent work, Jack 16:36  Question 5 Hi both, Love the podcast! I have a question regarding pensions. I have an employer (defined contribution) pension that had been with one provider (chosen by my employer) for the last 11 years. My Company has recently terminated the agreement and mine and my employers contributions are now all going to the new provider and fund. I chose not to transfer my original pension from the original provider to the new provider, as the existing fund had been performing so well. Following a review of both pensions over the last 6 months, I discovered that my existing pension had continued to be perform very well - over double the return compared to the new pension provider and fund). Whilst I understand I could switch funds with the new provider, my preference would be to do an annual transfer from my new pension fund & provider to the original provider and fund. I cannot seem to find any information on how to do this (all the information online is focused around transferring and shutting the new account - I don't want to do as my employer and personal contributions will continue to be directed to the new provider and fund. Thanks for your help, Matt 21:25  Question 6 Hi Pete and Roger I have a question about pensions for low earners. I have been listening to your show for the past year and loved the simplify and OS series, with your helpful explanations I have managed to get my self employed husband to increase his pension contributions, built up 6 months of emergency funds and have opened our first stocks and shares isa for long term savings. My question is about my pension contributions. I have about 13 years in an NHS pension from before I had children. For the past 8 years ( since the children were born) I have worked very part time or not at all so have not really made much in the way of pension contributions. I am currently 45 and I work seasonally for 4 months of the year. We live comfortably on my husband's income and as mine is irregular income it is not allocated to specific spending. My plan this year was to try and save all my income (about £7000) and contribute to a personal pension (a SIPP?) to catch up on my own pension contributions (I do have an employer one but it's very basic). My question is: if I pay into a personal pension will I still get tax relief added? As my earnings are below the personal allowance I don't pay income tax. I can only find information on the £2880 for none earners or employee pensions. Also how much of my income can I put in a pension? I.e. if I do get tax relief can I only put in 80% of my earnings?  Do I also need to subtract my work pension contributions? Thank you for all your amazing work. Best wishes, Lindsey

Grab your copy of my book Charity Finance from A - ZCheck out ExpensePlus and sign up for a month's free trial and 10% off your first year's subscription, using my referral link http://expenseplus.co.uk/r/AI-BANCIn this episode, Aishat sits down - Christhannah Luten and Trish Hewitt - who bring over 40 years of HR experience across U.K. and U.S.. Together, they unpack the big HR questions facing today's organizations:What happens when HR isn't prioritized?How are recruitment and retention changing post-pandemic?What role does AI play in HR today, and what are the risks?How can small businesses and nonprofits manage HR with limited budgets?And how can organizations better support a multi-generational, values-driven workforce?This episode is packed with insights, laughs, and practical takeaways.

About Emmanuel. Global Influencer in Finance As one of the top global influencers in the future of finance, Emmanuel is renowned for his ability to illuminate how finance is being transformed through a combination of geopolitics, cutting-edge technologies and decentralised finance. His work covers the full range of topics including: ⁠ ⁠the future of the dollar as a reserve currency, ⁠ ⁠the BRICS payment system, ⁠ ⁠the failure of CBDCs and the rise of stablecoins ⁠ ⁠when the U.S. embraces crypto, ⁠ ⁠the impact of AI on finance, ⁠ ⁠traditional banking and DeFi, ⁠ ⁠APIs and the cloud in finance ⁠ ⁠The personalization of finance Emmanuel is the founder of TAB Global, which encompasses platforms like The Asian Banker, Wealth and Society, and The Banking Academy. These platforms have been instrumental in building vital connections within the financial industry, fostering collaboration, and driving innovation on a global scale. End of tax year tips As the tax year comes to a close, now is the perfect time to review your finances and take advantage of last-minute tax-saving opportunities. Rachel Reeves has talked about “simplifying” ISAs, which could mean slashing the annual allowance for savings ISAs, currently £20,000. See full video episode - https://youtu.be/uXcCqWj_xfs?si=51rN_XvVb4ntWexO Section 24 Property Landlord Tax Hike Interview with Chartered Accountant and property tax specialist who reveals options and solutions to move your properties from your own name into a limited company or LLP whilst mitigating the potential HMRC pitfalls. Email charles@charleskelly.net for a free consultation on how to deal with Section 24. Watch video now: https://youtu.be/aMuGs_ek17s #section24 #TaxSavingTips #EndOfTaxYear #FinanceTips #UKTaxes #WealthBuilding #MoneyManagement #PensionPlanning #TaxFreeSavings #CharlesKellyMoneyTips #emmanueldavid #globalfinace #property

Get your free verifiable CPD for this episode here >>>  https://www.dentistswhoinvest.com/videos/what-the-spring-budget-means-for-dentists-with-david-hossein———————————————————————Chancellor Rachel Reeves's spring statement brought limited changes, but dental practices still face significant financial shifts from April 1st stemming from October's budget announcements. Specialist dental accountant David Hossain breaks down exactly what dental professionals need to know right now.The increasing cost pressures on dental businesses deserve close attention. With employer National Insurance contributions rising by 1.2% and the National Living Wage jumping to £12.21 hourly, practice owners face immediate decisions about pricing structures and operational expenses. Meanwhile, those considering practice sales should take note of the Business Asset Disposal Relief tax rate climbing from 10% to 14% on the first £1 million of proceeds - a change triggering a flurry of transactions before the April deadline.Beyond these immediate concerns, dental professionals should prepare for expanding HMRC enforcement activity. Random practice inspections are becoming more common after years of relative quiet, while late payment penalties increase to 10%. Making Tax Digital also moves forward despite delays, eventually requiring quarterly accounting submissions. With economic growth forecasts halved to just 1% and government welfare cuts expected to push 250,000 people into poverty, the broader economic environment presents additional challenges for dental businesses.Want to turn listening into learning? We're excited to announce that this episode offers free verifiable CPD to all UK dentists. Simply click the link in our description, complete the questionnaire, add your reflections, and we'll email your certificate. Stay financially informed while meeting your CPD requirements - subscribe now for more essential insights that protect and grow your dental 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.Send us a text

How easy is it to get filthy rich selling arms to anyone who'll pay? There may be sanctions, there may be laws, but even though he's the FBI's most wanted fugitive, a Chinese arms dealer and manufacturer has evaded arrest for two decades. Who could be better to investigate one of the world's most dangerous men and tell this story than Panama Papers journalists? Taxcast host Naomi Fowler speaks to Frederik Obermaier about the book The Chinese Phantom: the Hunt for the World's most Dangerous Arms Dealer. What does it tell us about sanctions and financial secrecy at a time of rising autocracy and global insecurity?   Also in this episode: the latest on efforts by powerful people to block the US's Corporate Transparency Act which was supposed to set up a register of the real owners of companies;   And, in the UK - a new whistleblower incentive scheme - the tax authority HMRC will give whistleblowers who bring actionable information a cut of between 10 and 25% of any fine that HMRC imposes. Also, as the British government announces welfare cuts affecting the poorest people in the country, there are calls for a windfall tax on banks and a 2% wealth tax on assets above £10 million instead.   Featuring: Panama Papers journalist Frederik Obermaier, Whistleblower lawyer Mary Inman, Erica Hanichak of the FACT Coalition, Hannah Dewhirst of Positive Money, Professor Prem Sikka.   Produced by Naomi Fowler and Leo Schick of the Tax Justice Network.   Transcript of the show: (some may be automated) https://podcasts.taxjustice.net/wp-content/uploads/2025/03/March_25_Transcript-1.pdf    Further reading:   The Chinese Phantom, the Hunt for the World's Most Dangerous Arms Dealer. (Available in English and in German) https://www.kiwi-verlag.de/verlag/rights/book/bastian-obermayer-frederik-obermaier-die-jagd-auf-das-chinesische-phantom-9783462001396 Also available here but please try to use a local bookshop! https://www.amazon.co.uk/Chinese-Phantom-worlds-dangerous-dealer/dp/1915590698    Tax abuse whistleblowers will earn a share of HMRC proceeds, says UK Finance Minister https://www.theguardian.com/business/2025/mar/26/tax-avoidance-whistleblowers-will-earn-share-of-any-hmrc-proceeds-rachel-reeves-confirms   Windfall tax on bank profits in the UK could raise £15bn https://positivemoney.org/press-release/windfall-tax-on-bank-profits-could-raise-ps15bn/   How to raise £60 billion for public services: ten tax reforms from Tax Justice UK https://taxjustice.uk/blog/how-to-raise-60-billion-for-public-services-our-ten-tax-reforms/   Millionaires urge MPs “tax us, the super-rich” to avoid cuts and invest in Britain https://patrioticmillionaires.uk/latest-news/millionaires-urge-mps-tax-us-the-super-rich-to-avoid-cuts-and-invest-in-britain    All our podcasts are available on our podcast website https://podcasts.taxjustice.net/ 

The Bank of England cut base interest rates from 4.75% to 4.5% in February, their lowest level for 18 months and raising hopes of further cuts in 2025. But now inflation has reared its ugly head again with an unexpected rise to 3%, largely driven by higher government borrowing and spending, as well as public sector pay rises. See video version - https://youtu.be/7Sc0oL4BHdM Mortgage holders and property buyers were hoping that the Bank of England would continue cutting rates this year and whilst this could still happen there is unlikely to be a further cut when the bank’s monetary committee meets on 20 March. Higher interest rates have a direct impact on how much you can borrow to buy a property, as the banks apply strict affordability criteria. However, the government has talked about easing mortgage lending to stimulate the flagging market and help first time buyers. Higher stamp duty does NOTHING to help people who want to buy their own home. End of tax year tips As the tax year comes to a close, now is the perfect time to review your finances and take advantage of last-minute tax-saving opportunities. Rachel Reeves has talked about “simplifying” ISAs, which could mean slashing the annual allowance for savings ISAs, currently £20,000. See full video episode - https://youtu.be/uXcCqWj_xfs?si=51rN_XvVb4ntWexO Section 24 Property Landlord Tax Hike Interview with Chartered Accountant and property tax specialist who reveals options and solutions to move your properties from your own name into a limited company or LLP whilst mitigating the potential HMRC pitfalls. Email charles@charleskelly.net for a free consultation on how to deal with Section 24. Watch video now: https://youtu.be/aMuGs_ek17s #section24 #TaxSavingTips #EndOfTaxYear #FinanceTips #UKTaxes #WealthBuilding #MoneyManagement #PensionPlanning #TaxFreeSavings #CharlesKellyMoneyTips

In this week’s Tax Factor, Ele Theohari and Tomm Adams look at a recent VAT tribunal case - are hair transplants a medical necessity or just cosmetic? Meanwhile, HMRC is under fire again. While they’ve launched a dedicated service to clear long-standing PAYE and Self-Assessment queries, MPs are questioning their leadership structure and fairness in customer service. Plus, we break down the latest IR35 data post-2021 reforms, changes to Beneficial Loan Arrangement rates, and the case of a tax evader who admitted he’d been “a silly boy” and has been handed an £850k civil recovery order.See omnystudio.com/listener for privacy information.

There doesn't seem to be any area of HR that isn't impacted by AI. Whether it's personalised learning experiences or employee benefits, accessible employee survey tools, enhanced data and analytics or simply the automation of transactions, most HR teams are having to get to grips with the potential of AI.  In this episode, we're joined by Andy Headworth, Deputy Director of Talent Acquisition at HMRC, to discuss the impact of AI in HR, and more specifically in recruitment.  Andy's team, who were early adopters of AI, have been experimenting with emerging technologies to help hiring managers make more informed decisions for the last two years. He explains how AI-driven tools have streamlined the recruitment process, using talent insights and addressing common pain points faced by hiring managers.  With AI fast becoming a creative collaborator rather than just a search engine, we discuss the challenges and strategies of introducing AI in a traditionally cautious sector, and the importance of supportive leadership whilst fostering curiosity. This episode is a must listen for anyone who is AI-curious in HR or recruitment roles. Contact Andy https://www.linkedin.com/in/andyheadworth/ Disruptive HR Website: www.disruptivehr.com Join the Disruptive HR Club https://disruptivehr.com/welcome-to-the-future-of-hr/ Email: hello@disruptivehr.com

This week on The Tax Factor, Ele Theochari and Rehana Earle discuss the latest consultation on Agricultural and Business Property Relief and look at potential implications for farm businesses. They also review proposed changes to cash ISAs and consider whether the Chancellor will align with the needs of everyday savers. And with HMRC testing AI voice authentication, could this be the end of passwords and security questions?See omnystudio.com/listener for privacy information.

This week on The Tax Factor, Nimesh Shah is joined by US tax expert Michael Holland to break down Trump’s latest blunder on VAT; has someone got the wrong end of the tax stick? Meanwhile, Elon Musk is diving into IRS tax data, but Michael warns it might not be the goldmine he expects. And with the cost of running the UK tax system soaring, will HMRC find those elusive efficiencies or are we all in for an even bigger tax bill?See omnystudio.com/listener for privacy information.

This week on The Tax Factor, Nimesh Shah and Ola Adigun dive into the latest tax twists and surprises. Stats released by HMRC show year-end Self-Assessment filings have dropped unexpectedly, despite more people being expected to file. Meanwhile a High-Income Child Benefit Charge case saw HMRC send in the bailiffs over £1,000, Trump’s tariff flip-flopping raises questions, and Ola unpacks a major tribunal ruling on the Tour Operators’ Margin Scheme (TOMS) that shakes up VAT for accommodation resellers.See omnystudio.com/listener for privacy information.

This week on The Tax Factor, Nimesh Shah and Heather Self explore potential updates to non-dom tax rules, the fluctuating figures in wealth tax discussions, and a new loan charge review aimed at resolving the long-running controversy. They also examine a recent High Court case in which American actor Mercer Boffey unsuccessfully argued that his Richmond home was exempt from Council Tax. With the self-assessment deadline upon us, Nimesh and Heather share last-minute filing tips and highlight the latest HMRC scams to watch out for.See omnystudio.com/listener for privacy information.

In this week’s episode, Robert Salter and Gabby Donald look at the major tax developments making headlines. They discuss the Trump administration’s executive order to withdraw the US from the OECD’s Global Minimum Tax (GMT) deal and ask: does this signal the demise of the GMT initiative? While closer to home, the Public Accounts Committee has accused HMRC of providing subpar service and eroding public confidence in the UK tax system. They also explore the case of a Norwegian company facing a 10-year National Insurance bill and the lessons learnt. And Gabby shares why we’re not out of the woods yet when it comes to more tedious food VAT tribunals.See omnystudio.com/listener for privacy information.