Post Brexit Tax

The Impact of Brexit on UK Tax Policies: What Has Changed Brexit, the United Kingdom’s decision to leave the European Union. Whether you agree with it or not, it’s had various implications across many sectors, including trade, immigration, and tax policy. As the UK has been on its journey to create its own path outside…

Charitable Giving

Exploring the tax advantages of charitable contributions for individuals and businesses Charitable giving is an important part of society—last year, people in the UK donated around £13.9 billion to charity, an increase of £ 1.2 billion from the previous year. Charities, local and international, help alleviate poverty and suffering, fund crucial medical and social research,…

Making Tax Digital

How HMRC’s Digital Transformation Will Help You Get Your Tax Right Are you ready to get your tax right? With the introduction of Making Tax Digital by HMRC, the future of digital tax is here to streamline the tax process for individuals and businesses alike. This digital transformation aims to bring the tax system closer…

Understanding Self-Assessment

Filing a self-assessment tax return can often feel like navigating a labyrinth, with its many rules and deadlines. Whether you are self-employed, earning rental income, or making money from other sources that aren’t covered by PAYE (Pay As You Earn), self-assessment tax returns are crucial in ensuring that you meet your tax obligations. However, the…

Q2, New You.

Keep up to date on all the recent adjustments that might affect your tax affairs, here on TaxGem’s Tax blog.  Knowledge is power, with knowing the changes, you can appoint us as your tax advisors to mitigate any tax inefficiencies the updated policies may bring in. We saw the previous chancellor announce he will be…