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Where has my state pension gone?

Where has my state pension gone?

This week’s Blog is the sad saga of retired chef Philip Jones, who discovered that his UK state pension was significantly lower he expected, as a direct result of an incomplete or patchy NIC record. On retirement, Mr Jones discovered that his state retirement pension...
Medical VAT Exemption Rules

Medical VAT Exemption Rules

Whether some procedures purportedly carried out for medical purposes qualify for VAT exemption has always been a grey area. Today I’m looking at a recent VAT tribunal case when Skin Rich Ltd, failed in their attempt to obtain a ruling that Botox and nail fungal...
Inflation up, interest rates up, so what’s next?

Inflation up, interest rates up, so what’s next?

As the UK lurches ever nearer to recession, this has been compounded by soaring inflation which continues to squeeze households and businesses. As a consequence, the Bank of England (BoE) has raised interest rates by 0.25% for the fifth consecutive time. The highest...
Am I in business or is it a hobby?

Am I in business or is it a hobby?

HMRC has recently published new guidance which is intended to clarify whether or not certain activities amount to being a business, or it’s merely a hobby. Unfortunately, like many things HMRC tries to do to help the public better understand its rules, all that they...