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When used wisely, company loans can be an effective way for directors to access company funds quickly. However, a company loan can also come with serious tax implications.

Despite government plans to tighten company reporting regulations at Companies House, the Chancellor recently announced intentions to ‘cut red tape’ for small to medium businesses. 

With a new online service launched by HMRC, taxpayers who need to pay the High Income Child Benefit Charge (HICBC) can do so in real time, instead of registering for self-assessment.

In a few months, it will become mandatory for sole traders and landlords earning more than £50,000 a year to use Making Tax Digital (MTD) – unless they are eligible for an exemption.

HMRC has been running the Let Property Campaign for over 12 years to make sure landlords who earn income by letting out residential property pay the correct tax in the UK.

After a proposal by the Bank of England to cap stablecoin holdings for individuals at £10,000 or £20,000 received strong criticism, the Bank may be softening this stance.