Podcasts about hmrc

For the 100th episode of The Tax Factor, Robert Salter and Malli Kini take a look back over two rather turbulent years. 2 Prime Ministers, 2 Chancellors of the Exchequer: 2, 3 Major fiscal statements and an election. Robert and Malli then explore how HMRC is using Artificial Intelligence to identify discrepancies and catch out taxpayers, what possible changes could be coming to the taxation of partnerships and LLPs, and why the Revenue’s approach to compliance might make it the “Christmas Grinch” of the season.See omnystudio.com/listener for privacy information.

The National Association of Head Teachers has written to the Department for Education demanding it take action to address what it describes as the failing Teachers' Pensions Scheme. The union has told Money Box it's shocked at the number of members contacting it for help describing a litany of delays, miscommunication and the failure to carry out even basic services leaving many in financial disarray. The government says it understands these problems have caused frustration and it's continuing to work closely with Teachers' Pensions to resolve these issue as soon as possible.This year's Winter Fuel Payment in England, Wales and Northern Ireland is going to all pensioners but instead of everyone keeping it, those who have an income of more than £35,000 will have it taken back by HMRC. How will that work in practice?Fake news stories about the state pension have been worrying many listeners. We'll have some advice on what to look out for.And tens of thousands of motorists could be eligible for a share of £200m in compensation after insurers paid them too little on their claims. Presenter: Paul Lewis Reporters: Dan Whitworth and Catherine Lund Researchers: Eimear Devlin and Jo Krasner Editor: Jess Quayle Senior News Editor: Sara Wadeson(First broadcast 12pm Saturday 27th September 2025)

It's another varied mix of questions, with a couple on catching up after a late start, avoiding the 60% tax trap and lots more. Shownotes: https://meaningfulmoney.tv/QA30  01:03  Question 1 Hi, I'm curious if you have advice, best practice or tools to advise people who have a reasonable rental property portfolio on how to plan for retirement? I am 55, have taken 50k tax free cash, and 13k a year drawdown, approx 40k left.  I have 11 rental properties, but I am still remortgaging and buying more properties.  Currently have about 450k available to reinvest into a few more properties, and then probably stop buying. I'm really struggling to understand how much I can/should have available to spend each month, especially as I'm still reinvesting into properties.  I'm sure I should be spending way more than I am, but can't work out how best to put a retirement plan together to show how much I truly afford to spend each month. Love your content, and thanks for any advice you may be able to give. Thanks, Paul 09:49  Question 2 Hi Pete and Rog. Big fan of the podcast, keep up the good work. I am looking at ways to stay under 100k income each year to remain eligible for childcare benefits. I know if I were to make AVC into my work pension this would help to remain below that figure. I would prefer to put this money into a SIPP. My question is if I got paid the money and deposited it into a SIPP instead of my work pension will this reduce my income tax and prevent me from going over 100k and losing childcare benefits. Kind regards, Joshua 12:33  Question 3 Hello Pete and Roger, Firstly, thank you so much for such an informative podcast. I don't think I listen to a single episode without taking away something valuable! My question relates to what I should do to with money as I accumulate it for the next financial year's ISA and SIPP allowance. For context- I am 39, an NHS doctor with an NHS pension, have a paid off mortgage and have started making SIPP contributions to bring my adjusted net income below the 60% tax threshold. I am in the privileged position to be able to contribute maximum S&S ISA contributions at the beginning of each tax year and already have filled premium bonds allowance as my emergency fund. Should I put my accumulating savings in a high interest savings account until April, or am I missing out on growth each year and should I be using a GIA with a bed and ISA approach? I appreciate there may be tax on savings interest above £500 or CGT on anything over £3k gains. I just don't want to be missing out on the best approach for the next 20+ years as I hopefully continue to max out ISA and pension contributions. Thank you so much in advance and keep up the fantastic work! Paddy   16:36  Question 4 Dear Pete and Rodge, I am relatively young (36) and have started listening to your podcast relatively recently (in the last year). What I like about it best is the calming relaxed attitude that money matters are discussed in and the comforting belief that life is more important than money I think shines through. Comparison is the thief of joy I know but I find it hard to situate myself in relation to where I ‘should' be financially. I stayed at university a long time (10years) and so always perceived of myself as ‘in debt' and living to the brink of my means, I didn't have a credit card but I would spent all my money and save nothing. When I did eventually get a job it didn't pay much and again it was paycheck to paycheck for many years. Then came three big changes almost at once. First me and my wife had a baby daughter come along, next the company I worked for went bust and third I found your podcast! Something about the mix of these three made me sit up, take notice and want to engage with my finances where previously my head had been in the sand. I did very much feel like I was way behind the running. I managed to find a job which paid almost a third as much take home pay again and decided to set up savings for my daughter, set up an emergency fund, increase pensions contributions, open a stocks and shares ISA, all of the good stuff that you guys continually discuss. However, I still am very much of the opinion that I am way behind the game and starting late which is a shame seeing as time is such a valuable component in investing. My question to you guys is, were you in my position, where would be the first places you would look to educate yourselves on the right things to do next? I feel like I don't know what I don't know and things continually surprise me (for instance I didn't realise that having a car on finance was considered bad debt until the other day). I have this constant nagging doubt that I will be missing something because I haven't started from the beginning. I did consider going back to the start of the podcast when I found it, but Rodge wasn't even around in the first few so I didn't enjoy it as much and also felt like maybe some advice would have gone out of date? Is there a key place for me to start, non-negotiable sources I have to get to grips with in the first place that you can direct me to? What would you do? Very keen to learn your thoughts and hugely appreciative of all your efforts! Kind regards, Dan 24:16  Question 5 Hello Pete & Roger I've gained Incalculable value from listening to you so keep up the amazing work! I have a DB-DC hybrid scheme and at my target retirement age (64) my projections say I'll have £33K p.a DB income + £345K DC pot. This would give me ~ £86K TFC allowance at the pot. My plan has been not to take any TFC on the DC pot upfront and to use regular UFPLS withdrawals to reduce income tax over the long term. However, as this is a hybrid scheme, if I take both DB and DC components at the same time I can keep the DB at £33K p.a. and take £220K TFC upfront. This has made me question my slow TFC strategy as I can realise far more taking it upfront by leveraging the DB ‘value' but only at that point in time. My thoughts are to then find a way to get this £220K TFC into S&S ISAs where they would be invested in the same way as in my DC pension. This would allow me to reduce income tax massively over my lifetime. This seems too good to be true! Is it? Problem will be finding a home for such large amounts of cash Options Max mine and wifes ISA allowances (£40K p.a) £10K p.a. contribution  to mine and wifes DC pots  (MPAA limited) (£20K p.a.) Any other options? Thanks, Duncan 28:46  Question 6 Greetings Pete and Roger, Speaking as a fellow Gen X gruff Northerner (…Pete!), I'd just like to express my huge gratitude to you both for rescuing me from years of financial ineptitude, misdirection and investing ignorance. I can only blame myself, but losing a parent in my late teens, then late 20s, and subsequently finding myself on the non-receiving end of ‘Sideways disinheritance' (Dad remarried / mirrored will / sold our family home to pay second wife's debts….) didn't help with establishing good long-term financial habits. Thankfully, the financial clouds parted 21(ish) months ago when I discovered your excellent Youtube videos, first book, and podcast back catalogue, including a tour de force in ‘tough love' re: DC pension catch up.  Since then, I've been desperately trying to catch up, with a rough target of getting a DC pot to support an UFPLS annual 3.5 - 4% withdrawal of, the magic, £16,760. Starting from a very low base, I've been using direct payments from my own Limited Company into a Vanguard SIPP, approximately £3k+ per month (yes, I'm living on lentils..) combined with transferring personal contributions of £10k from money sat in a S&S ISA, thereby getting tax relief up to my small wage of £12.5k.  Using this mechanism, I've placed £48k into the pension (mindful of the £60k limit – tax relief is added on the 10k personal, but 19% corp. tax is saved on the employer contributions) in the last financial year, but won't be able to sustain this forever. My question is as follows – provided I still make a net profit after the Employer pension contributions, am I correct in assuming I'm ok re: the ‘Wholly and exclusively' HMRC test?  The employer pension payments dwarf the remaining net profit, from which I then take a small amount of dividends, and a smaller corporation tax payment is made at 19%. Also, provided I don't transgress the personal earnings limit (£12,570 for me), is that ok also re: also putting in from the employee side? Am I missing anything at all?  E.g. could you use the ‘carry-forward rule' to top up previous years with employer contributions from the Limited company?  I'm assuming the answer is ‘no', as dividends don't count as earnings / they don't exceed £60k, but thought I'd ask anyway! Apologies for the ‘War and Peace' length question, and thanks again. Stay intentional, Bill PS: Really like the ‘Catching up' section of your, also excellent, second book Pete.

▷ SUBSCRIBE TO FILTHY FELLAS https://bit.ly/FilthyFellasSub ▷ FANTASY FOOTBALL LEAGUE: https://bit.ly/FilthyFantasy ▷ LISTEN ON SPOTIFY: https://bit.ly/FilthyFellasSpot ▷ LISTEN ON APPLE PODCASTS: https://apple.co/3GIFthj ▷ LISTEN ON AMAZON MUSIC: https://amzn.to/44aouyk  WHAT A WEEKEND OF FOOTBALL… AND LOONS HAS A LOT TO ANSWER FOR. LIVERPOOL LOSE THREE PREMIER LEAGUE GAMES IN A ROW, FALLING AT ANFIELD AGAINST RUBEN AMORIM, WHO CLAIMS HIS FIRST BACK-TO-BACK PREMIER LEAGUE WINS.  IS IT TIME TO DROP SALAH? IS ARNE SLOT ON FRAUD WATCH? THERE'S A LOT TO UNPACK… TO RUB SALT IN THE WOUND, WE WELCOME JAY BOTHROYD TO THE PANEL. BUT THAT'S NOT ALL — WE HAVE ONE MORE SURPRISE UP OUR SLEEVE, AS HMRC MAKES ANOTHER RETURN… WE ALL KNOW WHERE THIS IS GOING! FILTHY FELLAS ON SOCIAL ▷ PATREON: https://www.patreon.com/filthyfellas ▷ TIKTOK: https://www.tiktok.com/@filthy_fellas ▷ INSTAGRAM: https://www.instagram.com/filthy_fellas ▷ X: https://x.com/Filthy_Fellas ▷ MERCH: https://filthyatfive.com FOLLOW THE MANDEM POET https://www.instagram.com/poetscorneruk STEVO THE MADMAN https://www.instagram.com/stevothemadman LIPPY https://www.instagram.com/dondadalippy SAVAGE DAN https://www.instagram.com/savagedan10 MARGS https://www.instagram.com/margsmt LOONS https://www.instagram.com/fruitpunch_papi KG https://www.instagram.com/kgthacomedian SKITS https://www.instagram.com/skitsybuddha SKRIBZ https://www.instagram.com/skribzst JOHN WICK https://www.instagram.com/johnwick_nvb MENACE https://www.instagram.com/mseven_____

HMRC tax boss Jonathan Athow joins presenters Ben and Richard to talk all things Making Tax Digital ahead of next year's April deadline. Jonathan, who is Director General for Customer Strategy and Tax Design at HMRC, answers key questions on how the new system will work, and what landlords can do now to prepare. Landlords with an eligible income above £50,000 will need to join MTD in April 2026, those with over £30,000 in April 2027, with incomes over £20,000 mandated in April 2028. Now, with just six months to go until the first date, it's vital you make sure you know what your obligations will be. Our presenters Ben and Richard ask all the key questions on everything from arrangements affecting properties that are jointly owned to compatible software options Hannah Kenyon talks about the calls coming in to the Landlord Support Team this month, and, with Awaab's Law to be extended into the private rented sector under the Renters' Rights Bill, we look at the issue of damp and mould in rented homes and how to tackle it. The team is joined by Larry Russen, chartered building surveyor at Russen & Turner and Christopher Thomas, director at mould control firm, and NRLA partner, ArcAirTech to talk about the causes of mould and how to effectively treat it. If you enjoy the show, please spread the word on your social media channels using the hashtag #listenuplandlords. For all podcast enquiries email press@nrla.org.uk  ACCREDITATION: You can now pick up a CPD point to be used towards NRLA accreditation by listening to the podcast. To log your point, visit the accreditation dashboard in the ‘Your Account' section of the NRLA website. Select ‘Other' then ‘NRLA Podcast' from the dropdown menu. To read a full transcript of the show click here. More information ·       To read the NRLA's Making Tax Digital Guide click here. ·       To read more about Making Tax Digital regarding joint ownership properties and other tricky topics click here. ·       For an opportunity to learn more about MTD and to talk to tax experts and HMRC about its implications, why not join us for our annual NRLA conference in Liverpool on 5th November 2025. We have an exclusive lightning session all about MTD and how to make the transition as seamless as possible.  ·       You can also sign up for our exclusive MTD eClassroom course. Run by expert tax trainers at our award-winning training academy the course will run through everything you need to be MTD ready, with lots of practical tips and advice on how to make the transition as smooth as possible. For information and to book click here.

In this episode, our host and Senior Associate at RPC, Alexis Armitage, is joined by Jonathan Davey KC, of Wilberforce Chambers, one of the UK's leading barristers in commercial chancery work with a particular focus on tax, trusts and property. Jonathan shares his practical insights and top tips for navigating the complexities of tax litigation, drawing on decades of experience at the Bar; from keeping cases simple and crafting compelling narratives, to mastering the detail of documentary evidence and knowing when to settle.Whether you are a tax advisor, litigator, or in-house counsel, this episode offers useful tips for anyone involved in tax disputes and litigation against HMRC.If you would like to discuss any of the matters raised in this episode, or find out more about our tax litigation offering, please contact Adam Craggs or Alexis Armitage.All information is correct at the time of recording. Taxing Matters is not a substitute for legal advice. Hosted on Acast. See acast.com/privacy for more information.

39 days. That's how long Ange Postecoglou lasted at Nottingham Forest, the shortest managerial stint in the club's Premier League history. No wins. No draws. Just chaos. Now, with Sean Dyche set to take over, we ask: what the hell is going on at Nottingham Forest?At Anfield, Manchester United stunned Liverpool with a 2–1 win, handing the champions their fourth straight defeat. What does this mean for Liverpool's title ambitions? And for Ruben Amorim, how defining could this victory be for his tenure at United?Champions League football returns this week, with all six English clubs in action — Arsenal, Man City, Liverpool, Chelsea, Newcastle and Tottenham. The boys break down each fixture and the key storylines heading into Europe.Plus, with the Champions League back, we're building The Club's Ultimate Champions League XI — but there's a twist: every player must have won the competition, and only from the modern era (post-1992/93 rebrand).Rory and Adam are joined by Ade Oladipo and Mr HMRC himself Karel to break it all down in the latest episode of The Club. Hosted on Acast. See acast.com/privacy for more information.

Companies within the same corporate group do not have to pay VAT on services provided to each other. Here, the Supreme Court was asked how long this benefit lasts after a company leaves the group. https://uklawweekly.substack.com/subscribe Music from bensound.com

A huge internet outage caused widespread global disruption on Monday, with a number of major websites and apps experiencing significant service issues.The issue was linked to a problem on cloud computing provider, Amazon Web Services (AWS). Major organisations such as HMRC, Lloyds Bank, Ring Doorbell, Snapchat, Slack, and Fortnite were among those affected, with outage monitoring website Downdetector reporting a massive spike in errors, 6.5 million in total worldwide.Tech & Science Daily spoke to Sir Keir Starmer's former Senior Digital Adviser, Antonio Weiss, who is now a senior partner at The Public Services Consultants.Also in this episode:-Why European astronauts are training to fly helicopters ahead of lunar missions…-Alongside Cate Blanchett, The King has hailed the work of Kew Gardens' Millennium Seed Bank 25 years after it opened-Birth of rare female eastern mountain bongo is a ‘significant milestone' for species Hosted on Acast. See acast.com/privacy for more information.

In this episode Harriet and Grahame meet Bill Dodwell, the ex-Tax Director of the Office of Tax Simplification, and now non-executive for HMRC. They discuss the OTS, its successes and failures, and whether it has left a legacy in the way UK government thinks about tax. Then they move on to discuss the future of tax legislation and administration.

This week, Neil Insull and Matt Crawford look at the IFS Green Budget and its warning to Rachel Reeves to avoid “half-baked” tax fixes ahead of the next Budget. They discuss what this could mean for future policy and the pressures facing the Chancellor. They also cover a rare court ruling allowing a judicial review against HMRC five years late, and the Treasury’s plans to tighten the sugar tax, a move that could see drinks like Ribena and Lucozade changing their recipes once again. And in a final twist, they look at a VAT dispute involving laughing gas that proves there’s nothing funny about tax classification.See omnystudio.com/listener for privacy information.

Become a Client: https://nomadcapitalist.com/apply/ Get our free Weekly Rundown newsletter and be the first to hear about breaking news and offers: https://nomadcapitalist.com/email Join us for the next Nomad Capitalist Live event: https://nomadcapitalist.com/live/ There have been some concerning developments coming out of the UK, none more alarming than the return of direct recovery powers for HMRC. This change gives the tax authority the legal right to seize funds directly from citizens' bank accounts without prior notice. In today's episode, Mr Henderson explores the growing global trend of aggressive tax grabs by governments, not just in the UK, but in the US and beyond. This isn't simply about higher taxes. It's about governments granting themselves the authority to take your money first and ask questions later. At its core, this is about control, not just collection. And as always, when governments get it wrong, it's you who ends up paying the price. Nomad Capitalist helps clients "go where you're treated best." We are the world's most sought-after firm for offshore tax planning, dual citizenship, international diversification, and asset protection. We use legal and ethical strategies and work exclusively with seven- and eight-figure entrepreneurs and investors. We create and execute holistic, multi-jurisdictional Plans that help clients keep more of their wealth, increase their personal freedom, and protect their families and wealth against threats in their home country. No other firm offers clients access to more potential options to relocate to, bank in, or become a citizen of. Because we do not focus only on one or a handful of countries, we can offer unbiased advice where others can't. Become Our Client: https://nomadcapitalist.com/apply/ Our Website: http://www.nomadcapitalist.com/ About Our Company: https://nomadcapitalist.com/about/ Buy Mr. Henderson's Book: https://nomadcapitalist.com/book/ Disclaimer: Neither Nomad Capitalist LTD nor its affiliates are licensed legal, financial, or tax advisors. All content published on YouTube and other platforms is intended solely for general informational and educational purposes and should not be construed as legal, tax, or financial advice. Nomad Capitalist does not offer or sell legal, financial, or tax advisory services.

We're chatting cash following the release of Dundee United's annual accounts, with a near-£1m post-tax loss telling only half the story.  Turnover of £10.5 million, record commercial revenues, healthy wage-to-turnover ratio and a £350,000 provision to HMRC over the disputed R&D Tax case are among the major talking points.  Now, how do United take the next step towards bottom-line profitability?  On the pitch, we chew over the upcoming trip to Ibrox. Will Rangers have renewed resolve following the sacking of Russell Martin? Or can United take advantage of remaining fragility?  And the guys discuss what changes Jim Goodwin could make.    Across the road, Dundee are seeking their first victory over Celtic at Dens Park since Tommy Coyne's winner in 1988.   Will Sunday be that day?  What must improve if the Dark Blues are to stun Brendan Rodgers' champions? There are certainly selection dilemmas for Steven Pressley – only exacerbated by a couple of injury doubts.   And why a returning Cesar Garza SHOULD be a major boost for Dundee after shining against some global giants on U/20 World Cup duty. But will he get a chance?  Courier Sport reporter Alan Temple is joined by ex-Tele Sport editor Graeme Finnan.  Twa Teams, One Street is proud to be supported by SPAR Scotland.  You can also see us on YouTube at youtube.com/@TheCourierUK/videos 

It was revealed by local and national media today that Sheffield Wednesday Football Club are just days away from a potential winding-up order with the club owing close to £1m to the HMRC. We talk about that news, our initial reaction and ultimately what it means for the club moving forward. Hosted on Acast. See acast.com/privacy for more information.

HMRC's Making Tax Digital (MTD) programme director Craig Ogilvie joins the team to share the latest updates on MTD testing and why joining early is the best way to prepare. The team also discusses the exemptions process and who qualifies, with Ogilvie warning listeners not to leave applications until the last minute. He outlines its benefits, talking about how MTD goes beyond compliance to build a modern, data-driven tax system. With better record keeping and improved accuracy, MTD aims to create a fairer, more efficient and resilient tax environment. The conversation then turns to multi-agent functionality, software support and HMRC's efforts to help both agents and unrepresented taxpayers through helplines, targeted communications and regional engagement. Ogilvie closes with some practical advice: get your Agent Service Account (ASA) ready, sign up clients early and make sure your software and records are in shape because April 2026 will come around fast.

The HMRC of football podcasts, Karel Prince, joins Ste and Joel to come face to face with Rio after several messages back and forth on social media. After creating several viral videos scrutinising anecdotes and stories from players about their careers on various podcasts - Karel wants to bring some more evidence to put to Mr. Ferdinand. It's the first time that Karel is in the presence of a player he's made a video about so you'll learn about the forensic process, the reasons for calling people out and the fallout that happens after the videos get released, plus Rio's reaction to some new charges brought against him. Karel looks at whether there's enough evidence out there to confirm Rio's status as the greatest defender ever to have played in the Premier League. We've got the game's best fact checker in position to hear the case for and against.Manchester United minority owner Sir Jim Ratcliffe recently suggested that Ruben Amorim will get three years to prove he is a good coach - so the guys discuss whether that's fair, analyse the comparison he made with Arteta and look at the positives of the owner making such a public stance.Plus, Rio has to pick a player to take a free-kick who has to score it, in order to save his life. So who would he choose in today's game, and from history, to take the most important set-piece of their lives? Hosted on Acast. See acast.com/privacy for more information.

Why aren't we taught about money — and who benefits from keeping it that way? Abigail Foster wants to fix the UK's financial literacy problem. A trained accountant, she's built a massive Instagram following (@abigailrosefoster) and taught over 50,000 schoolchildren through her company Elent. She's now written a book, The Money Manual — but despite working with institutions like HMRC and the Treasury, she's frustrated by how little has actually changed. Be one of the first people to test our new financial guidance AI: https://getmost.co.uk/chat

This week on The Tax Factor, Annie Hughes and Sarah Stenton look at the stories making headlines in tax and business. Annie looks at Revolut founder Nik Storonsky’s move from the UK to the UAE, part of a wider trend of wealthy individuals changing their tax residency since the non-dom regime ended. Sarah highlights HMRC’s warning to pensioners about withdrawal schemes that sound too good to be true, while across the Atlantic, Donald Trump’s threat of new truck tariffs adds more uncertainty to global trade.See omnystudio.com/listener for privacy information.

The boys get you ready for the USMNT's Friday night matchup with Ecuador by breaking down the things that we're excited about. Then, Karel Prince joins the show to talk about his fascinating rise in soccer podcasting/media and how he goes about keeping athletes in check. And finally, we hear Steven Gerrard explain the reasons behind the failings of England's "Golden Generation" and we wonder if there's a little more to it than meets the eye.For even more Caught Offside content, get on over to Caught Offside Plus right now! This week, we're taking a look at a few controversial topics in global football to determine if the game is in fact gone.To sign up, just go to https://caughtoffside.supercast.com! Once you have access to the premium feed, be sure to go back and check out our special "welcome episode" from June 24th, 2024 (we don't think you'll be disappointed)!And for all the latest merch, get over to https://caughtoffsidepod.com/---Reddit: https://www.reddit.com/r/CaughtOffsidePod/X: https://twitter.com/COsoccerpodInstagram: https://www.instagram.com/caughtoffsidepod/Email: CaughtOffsidePod@gmail.comYoutube: https://www.youtube.com/@caughtoffsidepod Hosted on Acast. See acast.com/privacy for more information.

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VAT may seem simple in theory, but in practice it can feel like opening a tin without a ring pull. For VAT-registered businesses, invoices are the foundation of compliance. Get them wrong and you risk late payments, disputes, and HMRC penalties. Get them right, however, and you protect your cash flow, build credibility, and reduce stress.What Is a VAT Invoice?A VAT invoice is much more than a receipt. It is a legal document that proves VAT has been correctly applied and charged. Only VAT-registered businesses are allowed to issue VAT invoices, and these must be provided whether the supplies are standard or reduced rate. Importantly, you have 30 days from the tax point to issue one, and you must always keep copies for your records. HMRC expects every VAT-registered business to maintain a tidy audit trail.Why VAT Invoices Are EssentialFirst and foremost, VAT invoices keep you compliant. They demonstrate that VAT has been applied correctly, which protects you during audits and supports your customers in making their own claims.Secondly, they build trust. When invoices are clear and accurate, customers are more confident in working with you and disputes are avoided before they arise.Finally, VAT invoices play a huge role in your cash flow. Clear and accurate invoices speed up payments, and as we know, once cash flow dries up, businesses risk closure. Invoices done well are therefore not only about compliance but about survival.Mandatory Information for a VAT InvoiceThere are several items that must appear on every VAT invoice. You must include your VAT registration number, which identifies you as eligible to charge VAT. Each invoice also needs a unique and sequential number, with no gaps or duplicates—accounting software like Xero can handle this automatically.Both the date of supply and the date of issue must be shown clearly, as these may differ. Your business name and address should be present, as well as the customer's details. Where appropriate, including the customer's VAT number can also be useful.Perhaps most importantly, invoices must describe exactly what was supplied. Simply writing “services” is not acceptable; you must state what was provided, when, and how. Quantities, units, and pricing must be broken down line by line, with the VAT rate and net amount shown. The total VAT amount must be displayed separately, and the gross total including VAT should be clear and obvious. Even if the invoice is in dollars or euros, the VAT amount must always be shown in sterling.If discounts are offered, they should be explained in full, with the terms clearly applied. Missing any of these details could invalidate the invoice.Special Rules and Simplified InvoicesIn some cases, special rules apply. For example, if you use a margin scheme, you do not need to show VAT separately, but you must include the correct wording for the scheme. Businesses in Northern Ireland trading with the EU must include the customer's VAT number with their country code. Retailers, on the other hand, are not normally required to issue VAT invoices to non-registered customers. Instead, for sales under £250, simplified invoices can be issued, which still require basic details such as your VAT number, date of supply, description of goods or services, VAT rate, and total payable.When issuing credit notes, always mirror the original invoice. Reference the original invoice number and clearly show any reductions, returns, or cancellations. This ensures transparency and protects both you and your customers.Electronic vs Paper InvoicesWhether paper or digital, both types of invoices carry the same legal weight. Many businesses still use paper invoices, but electronic invoicing is...

We look at changes which the Government has announced – and the speculation around those it hasn't. Pension inheritance rules will change in 2027. It may seem a long time away, but people are making plans now. We hear from some of those pension planners as they try to clear up any confusion around the changes. We also look at speculation around what might be in the Chancellor Rachel Reeves' Autumn Budget, which she announced this week will take place on November 26.His Majesty's Revenue and Customs tells Money Box it's deploying hundreds of staff to bring down waiting times for people making claims about missing state pension payments. It's already written to 370,000 people, mainly women, who took time off work to care for children and now might be getting less money than they should be because of an error in their National Insurance records. But given that HMRC has already admitted it's been, in its words, "inherently challenging" to try to fix the problem it might come as little surprise the vast majority of people still missing money, haven't been paid what they're owed. Just a few weeks ago thousands of would-be university students found out whether they had achieved the right grades to get into the university of their choice. Now comes the reality check, when many wonder how they will afford to pay for it. Some argue that the level of Government maintenance loans only covers half the true cost of student living. The Higher Education Policy Institute has just conducted a study into maintenance loans in England and reckons they only cover half of the true costs of student life.Presenter: Paul Lewis Reporter: Dan Whitworth Researchers: Amber Mehmood, Jo Krasner, Catherine Lund Editors: Jess Quayle, Craig Henderson

Robert Salter and Tom Goddard look at the now infamous “donkey field” connected to Keir Starmer. With politicians’ tax affairs under the spotlight yet again, Robert explains why the arrangement looks more like straightforward trust planning than a scandal, and sometimes what makes the front page isn’t really much of a tax dodge at all. The pair explore what this story says about public attitudes to politicians and tax — and whether the criticism is fair or just noise. Then it’s over to the NFL’s return to London, where visiting players could find themselves facing a very different kind of tackle: the UK tax system. Filing returns and paying into the UK’s fiscal black hole might not feature in the playbook, but it’s all part of the rules. Finally, Robert and Tom discuss HMRC’s recent stakeholder conference. Promises of closer working with advisers sound great on paper but as changes regarding National Insurance show, HMRC’s actions don’t always match the words.See omnystudio.com/listener for privacy information.

Sponsored by Pepperstone UK traders — this one's for you. Is spread betting truly tax-free? What if it's your only income? What if you're making serious money from it? In this episode, I break down the latest 2025 HMRC updates on spread betting and taxation, including some surprising clarifications buried in their official guidance. You'll discover: Why spread bets are treated differently from CFDs and futuresThe myth of “if it's your main income, you'll be taxed”What HMRC now says about professional gamblersWhy UK traders might have the best deal in the world (for now) Plus: A full blog post with links to the official guidance is available at TradersMastermind.com

▷ SUBSCRIBE TO FILTHY FELLAS https://bit.ly/FilthyFellasSub ▷ FANTASY FOOTBALL LEAGUE: https://bit.ly/FilthyFantasy ▷ LISTEN ON SPOTIFY: https://bit.ly/FilthyFellasSpot ▷ LISTEN ON APPLE PODCASTS: https://apple.co/3GIFthj ▷ LISTEN ON AMAZON MUSIC: https://amzn.to/44aouyk THIS WEEK ON FILTHY, THE BOYS GO AROUND THE TABLE AND EACH NAME THREE PLAYERS FROM THIS SEASON: • ONE PLAYER WHO HAS IMPRESSED THE MOST • ONE PLAYER WHO HAS BEEN THE BIGGEST LETDOWN • AND ONE PLAYER THAT SURPRISED THEM THE MOST PLUS, MR. HMRC IS BACK WITH MORE RECEIPTS AND HE'S NOT HOLDING BACK. EXPECT DEBATES, SHOCKING PICKS, AND PLENTY OF FILTHY TAKES AS ALWAYS. MAKE SURE YOU SUBSCRIBE SO YOU NEVER MISS AN EPISODE AND DROP YOUR OWN PICKS IN THE COMMENTS – WHO HAS IMPRESSED, DISAPPOINTED, AND SURPRISED YOU THIS SEASON? *FILTHY FELLAS ON SOCIAL* ▷ PATREON: https://www.patreon.com/filthyfellas ▷ TIKTOK: https://www.tiktok.com/@filthy_fellas ▷ INSTAGRAM: https://www.instagram.com/filthy_fellas ▷ X: https://x.com/Filthy_Fellas ▷ MERCH: https://filthyatfive.com *FOLLOW THE MANDEM* POET https://www.instagram.com/poetscorneruk STEVO THE MADMAN https://www.instagram.com/stevothemadman LIPPY https://www.instagram.com/dondadalippy SAVAGE DAN https://www.instagram.com/savagedan10 MARGS https://www.instagram.com/margsmt LOONS https://www.instagram.com/fruitpunch_papi KG https://www.instagram.com/kgthacomedian SKITS https://www.instagram.com/skitsybuddha SKRIBZ https://www.instagram.com/skribzst JOHN WICK https://www.instagram.com/johnwick_nvb MENACE https://www.instagram.com/mseven_____

Are you confident your agency is fully AML compliant? In this episode, we speak with Sue Hopson, compliance expert and property industry veteran, about the three biggest anti-money laundering mistakes estate agents keep making. With nearly 30 years' experience across private and social housing, Sue explains why failing to register with HMRC is still the top error, how poor recordkeeping and weak due diligence cause issues, and why proper training is essential to protect your business.

It's the latest social media craze, allegedly... revenge saving. But what on earth is it and can it really encourage people to get into the savings habit? This week, Lee Boyce, Simon Lambert and Georgie Frost dive into the world of revenge saving. And while this new buzz-term does the rounds, we have a stab at making our version - the mind-trick savings method. We discuss why you shouldn't get hung up on saving large amounts, chasing high interest rates and to visualise money like a snowball going downhill. Meanwhile, we look at the little known government savings account that has seen £220m in bonus payments – could you benefit from opening one?  A current account with a 6 per cent savings rate but it'll set you back a whopping £17 a month - can it really be worth it?  HMRC can now take money DIRECT from your bank account or Isa if you haven't paid taxes and Steve Webb answers a reader question: why can't I get my state pension on my 66th birthday?

This week Matt Crawford and Suzanne Briggs discuss the Resolution Foundation’s Budget proposals including a new salt and sugar tax and what that could mean for already rising food prices. Matt also runs through some draft legislation that’s been published, which some may find heavy-handed given how tricky the rules can be. Suzanne takes us through a case in the Upper Tribunal, Executors of Elborne & others v HMRC, where HMRC suffered a rare loss. But she cautions that anyone in a similar position should still take advice, as the story may not end here. And finally, a case that left one taxpayer on a very sticky wicket.See omnystudio.com/listener for privacy information.

In this special Community Q&A episode, Annette Ferguson answers the top 10 most common questions about implementing Profit First in your business. Whether you're just starting out or looking to refine your system, this episode is packed with practical advice for UK business owners.Key Takeaways:• Profit First is for Everyone (with a catch): Learn why Profit First works for any business size or industry, but why you can't just take the percentages straight from the book.• VAT is Not Your Money: Discover the right way to handle VAT in your Profit First system to avoid nasty surprises from HMRC.• Feeling Overwhelmed? Start Here: Find out the one simple exercise you can do today to get your business finances under control, even if you're not ready for the full Profit First system.In This Episode, You'll Learn:• The 10 Most Common Profit First Questions: Get clear, actionable answers to your biggest questions about bank accounts, percentages, VAT, and more.• Why Spreadsheets Don't Work: Understand the psychological and practical reasons why you need to physically separate your money.• How to Reduce Your Operating Expenses: Learn the "Money Leaks Exercise" to identify and eliminate unnecessary spending in your business.• The Right Way to Get Started: Discover how to determine your initial Profit First percentages and map your journey to financial health.Resources Mentioned:• "The Profit Plan" Book: Amazon UK• Money Leaks Exercise: Find it on the YouTube Channel• Book a Fitting Call: annetteandco.co.uk/fitting

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

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

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

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

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

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

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

Get a free audit of your indemnity cover here >>> https://quote.allmedpro.co.uk/dental-indemnity-2025-new-proposal-dwi/———————————————————————Collect unlimited free verifiable CPD for UK Dentists here >>> https://www.dentistswhoinvest.com/videos/got-crypto-listen-to-this-to-make-sure-you-dont-break-any-tax-rules-with-emily-bingham———————————————————————We've brought in crypto-specialist accountant Emily from Alexander & Co to demystify the complex world of cryptocurrency taxation specifically for dental professionals. This comprehensive guide walks you through everything from basic capital gains calculations to the nuanced tax implications of staking rewards and stable coin investments. With capital gains tax rates now at 18% for basic rate taxpayers and 24% for higher rate taxpayers, getting this right is essential for your financial wellbeing.The conversation reveals several potential pitfalls that catch many dentists by surprise. Did you know that the "30-day rule" could create tax liabilities even when you believe you've made losses? Or that staking rewards are subject not only to income tax at your marginal rate but also to student loan repayments? For higher-rate taxpayers with outstanding student loans, this means nearly half of your staking rewards could be claimed by HMRC and the Student Loans Company combined.Looking ahead, we explore the seismic shift coming in January 2026 when the Crypto Asset Reporting Framework makes it mandatory for exchanges to share your data with tax authorities. With 52 countries already committed to this global initiative, the window for getting your crypto tax affairs in order is closing. Emily shares practical advice on voluntary disclosure and how to minimize penalties if you haven't been fully compliant.Don't miss this opportunity to claim free verifiable CPD by completing the short questionnaire linked in the description. Equip yourself with the knowledge to confidently manage your crypto investments while staying firmly on the right side of HMRC regulations.———————————————————————Disclaimer: All content on this channel is for education purposes only and does not constitute an investment recommendation or individual financial advice. For that, you should speak to a regulated, independent professional. The value of investments and the income from them can go down as well as up, so you may get back less than you invest. The views expressed on this channel may no longer be current. The information provided is not a personal recommendation for any particular investment. Tax treatment depends on individual circumstances and all tax rules may change in the future. If you are unsure about the suitability of an investment, you should speak to a regulated, independent professional. Investment figures quoted refer to simulated past performance and that past performance is not a reliable indicator of future results/performance.Send us a text

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

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

GOVERNMENT CUTS RESTORATION RED TAPEFollowing a long campaign from the Historic and Classic Vehicles Alliance and other similar associations, the Government has simplified the red tape around modifying and restoring vehicles. Notifications can be sent to DVLA for ‘significant structural modifications' and the vehicle can retain the original license plate number and Vehicle Identification Number (VIN). This is a big step forward. Click this Hagerty article link here to find out more. ARIEL DOUBLING PRODUCTION CAPACITY WITH NEW FACTORYAriel, the Somerset based specialist performance vehicle manufacturer, have agreed a deal to buy more land that will allow them to double their production capability. If you want to read more, click this Autocar article link here. HMRC RAISES EV MILEAGE CLAIM RATEAfter lots of complaints were raised over the last announcement of the rate business mileage for electric cars could be claimed back at, HMRC has revised them. Now there are two tiers, home charging and public charging. However, the rates still aren't great and frankly totally inadequate if you charge via the public network. To find out more, click this Autocar article link here. PLUG-IN VAN AND LORRY GRANT EXTENDEDThe UK Government has extended the plug-in grant for van and lorries, until “at least 2027”. However, the money is coming out of the £650 million we were told was for the Electric Car Grant (ECG), which turns out to also be improving the charging infrastructure across the country. Click this Autocar article link here, to read more. DO NOT HOON YOUR EVE FOR MORE BATTERY LIFEA recent study has been misreported, according to Aviloo, battery experts. Many read the results to mean one must be very heavy with the right foot to extend the battery lift of one's EV. That is not the case. You can find out more by clicking this Carscoops article link here. TESLA DOES HAVE TO FACE CLASS-ACTION OVER SELF-DRIVING CLAIMSA recent hearing, in front of a judge, between those trying to pursue Tesla in a class-action over mis-selling their self-driving system that has yet to make it to market even though they have taken money from people for it, has resulted in permission being granted to pursue the company. If you want to read more, click this Reuters article link here. To read Ed Niedermeyer's coverage of the hearing, click this link to his Bluesky post. If you like what we do, on this show, and think it is worth a £1.00, please consider supporting us via Patreon. Here is the link to that CLICK HERE TO SUPPORT THE PODCAST NEW NEW CAR NEWS - BYD Atto 2BYD has revealed details of their Atto 2, a C segment electric SUV. Priced aggressively, at £30,850, it...

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

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

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

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

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

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

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

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