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Dividends are payments that companies make to their shareholders from their profits. But there are many rules and details that you have to follow to pay dividends legally. If you don’t, you could get into trouble with the law or lose money.

Navigating IHT forms can be tricky, with various pitfalls that could prompt a review. An incorrect IHT return can lead to significant costs, especially if HMRC imposes a penalty based on a careless or deliberate mistake. To prevent costly mistakes, families should be proactive in understanding the risks and taking steps to safeguard their inheritance.

In today's major U-turn, HMRC declared that it will retract its current guidelines on the tax treatment of Dual Cab Pick-Ups (DCPUs). As a result, DCPUs will maintain their classification as commercial vehicles instead of personal cars, preserving the longstanding tax advantages for businesses and individuals.The government has taken into account the feedback from the agricultural and automotive sectors regarding the potential effects of altering the tax regulations. It has recognized that the guidance issued following the 2020 court ruling might affect businesses and individuals in ways that do not align with its broader objectives of supporting key industries, including those in motoring and farming.

HMRC has increased its efforts against cryptocurrency investors as the crypto market has seen a huge surge in prices over the last year. Bitcoin has gone up by more than 150% in the past year. Crypto investors might get a letter from HMRC requesting them to submit documents that show their crypto transactions and earnings from their crypto assets.