For defined contribution pension schemes (or money purchase schemes as they are sometimes called) such as personal pensions, you now have complete freedom in how you draw your benefits once you reach minimum pension age...

A heavily marketed tax planning scheme, which HMRC have now labelled a "dividend diversion scheme" has been widely publicised of late with many individuals now wondering if the scheme is viable.

Would you like your great-grandchildren to draw on your pension fund to cover their university fees or a deposit on their first home?

The automotive industry is undergoing a significant transformation as electric vehicles (EVs) gain popularity worldwide.

Should you now wish to review your own VAT position, or have questions specifically related to VAT, please contact the speaker and our specialist VAT partner.

Considering taking the leap to become a limited company? In our latest insight, Gareth Cliffe from UHY Manchester provides a simple guide on limited companies, helping you navigate your decision with confidence.

On 26 July the Administration of Estates Act 1925 (Fixed Net Sum) Order 2023 will come into effect.

In less than 15 months' time the UK state pension system will undergo its most radical overhaul in decades.

When it comes to selling a business, striking a deal that benefits both the seller and the buyer is the ultimate goal.

Understandably, once the wedding festivities have come to a close and the couple are all tired out, the happy couple sit down and look at how their newfound love...

New research has identified that 17% of self-employed individuals stated they would need to continue working if they suffered from illness or injury[1]. Despite this admirable effort...

HMRC 'dawn raids' are unannounced searches used to gather evidence for a possible prosecution for tax fraud or for furlough fraud (HMRC is responsible for the investigation of Covid furlough fraud).

Income tax bills have surged by 12% to a historic £262 billion over the past year, driven by changes in income tax regulations.

Your retirement planning options could need review after the Budget changes to the lifetime allowance and the annual allowance.

At the time of the OECD BEPS initiative, the UK implemented the Country-by-Country minimum standard but did not introduce specific requirements regarding master file and local file.

Despite consistent growth in previous years, the UK's supercar market increased by only 3% in 2023, showing a substantial slowdown, which is largely attributed to high interest rates.

As the backbone of charitable organisations, Trustees shoulder the responsibility of ensuring their charity operates efficiently, ethically, and in line with its mission.

The restaurant sector has outperformed expectations in the face of the cost-of living crisis, with major restructuring, including restaurant closures, paying off.

It is important to recognise what might seem like a hobby, just recovering some costs or facilitating travel for others, will be seen as a business activity by the tax authorities.

Xero is continually improving and evolving in order to meet the needs of its users, and we want to keep you up to date with these changes to ensure you are getting the best use of the software.