Mosaac Financial Blog

Taxpayers relying on HMRC to sort out the tax due on interest are given a warning. As had often been noted over the last few years, one of the strategies adopted by successive governments to increase tax revenue is the freezing of tax allowances and bands. As inflation increases income, the net result is generally to: · bring more people into the tax system; and · make existing taxpayers pay more tax, both in absolute terms and as a proportion of their income. One frozen allo

The end of January was not only the deadline for personal tax returns but also marked a new tax era for online sellers. In the first month of 2025, online trading platforms such as eBay, Airbnb and Vinted had to provide HMRC with a report on their users’ sales in 2024. This was the first time such reporting had been due, although the origins of the requirement date back to 2020 when the Organisation for Economic Co-operation and Development (OECD) published model rules target

One of the nation’s largest investment managers has examined investors’ attitudes in the UK relative to other major developed G7 nations with interesting results. Personal wealth distribution In recent years, Chancellors of both main political parties have spoken about encouraging investment in UK shares. Their focus has been on persuading pension funds to show more interest, not least because of billions held in retirement savings. The days of persuading Joe Public to become