Tax-Free Winnings? How Gambling Profits Are Treated in the UK
In the UK, gambling winnings are tax-free for players, but understanding when records or reporting might still matter can help you stay informed and financially prepared.
Tax
The Role of Heat Pumps in Boosting Home Energy Savings
Discover how heat pumps cut energy use in UK homes, offering efficient heating and cooling for year-round comfort while helping to reduce your energy bills.
The Salary Sacrifice Trap: Why "Too Good to Be True" Schemes Could Cost You More Than They Save
Emerging salary sacrifice schemes promising grocery savings could expose employers to millions in backdated tax liabilities, recent HMRC guidance suggests.
How UK Businesses Can Save Money with Capital Allowances
Capital allowances offer UK businesses valuable tax relief on qualifying assets, helping reduce tax liabilities and improve cash flow.
What Is the 60% Tax Trap and Who Does It Affect?
The "60% tax trap" in the UK ensnares high earners, where incomes between £100,000 and £125,140 face steep tax rates due to the tapered personal allowance, prompting strategic financial planning to mitigate its effects.