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Bank of England delivers narrow vote rate cut

Bank of England delivers narrow vote rate cut

by | Jan 2, 2026 | General

The Bank of England’s Monetary Policy Committee (MPC) last met on 18 December and, in a narrow 5–4 vote, decided to reduce the interest rate by 25 basis points, bringing it down to 3.75%. All four dissenting members voted to keep the rate at 4%. This marks...
Student jobs paying tax

Student jobs paying tax

by | Dec 18, 2025 | Income Tax

Students that work may need to pay Income Tax and National Insurance. Employers are required to calculate the amount of tax they need to pay on the basis that the students would be working for the rest of the tax year. This means that an overpayment of income tax can...
Could you claim the Small Pool Allowance?

Could you claim the Small Pool Allowance?

by | Dec 18, 2025 | Capital allowances

Writing-down allowances (WDAs) are a type of capital allowance that let you deduct a percentage of an asset’s value from your taxable profits each year. In some cases, you may be able to claim more relief using other capital allowances, such as the Annual...
Selling your UK home and living abroad

Selling your UK home and living abroad

by | Dec 18, 2025 | Capital Gains Tax

If you live abroad and sell your UK home, you may have to pay Capital Gains Tax (CGT) on any gain made since 5 April 2015. Only the portion of the gain made after 5 April 2015 is liable for tax. One of the most commonly used and valuable exemptions from CGT is Private...