Tag: HMRC

When Is the Next Cost of Living Payment? Key Updates

Posted on September 30, 2025 by Will Robbinson

Many people are still trying to work out whether another government Cost of Living Payment is coming and when it will arrive. This is a clear, practical guide to when is the next cost of living payment, what’s been announced, who got paid recently, and what to expect next. What Was Paid In 2025 And […]

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When Should I Change From Sole Trader to Limited Company? My Costly Mistake

Posted on September 1, 2025 by Will Robbinson

Two years ago, I was making pretty good money as a freelance web designer. Life was good. Then my sister (an accountant) threw a bombshell over Sunday roast dinner: “You are paying far too much tax, you numpty.” It seems I should have long ago switched to a limited company. Cost me thousands. Literally thousands. […]

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Do You Get Taxed on Lottery Winnings: What Really Happens When You Win Big

Posted on August 22, 2025 by Will Robbinson

Right, so you’ve won the lottery. Brilliant! But now you’re in full panic mode, thinking, do you get taxed on lottery winnings, about how much the government’s going to snatch from your windfall, right? I recall when my neighbour Eli won £50,000 from a scratchcard last Christmas. First of all, he phoned me in a […]

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How Do I Pay Myself From a Limited Company? The Ultimate Guide

Posted on August 9, 2025 by Will Robbinson

So, you’ve set up a limited company in the UK. Great! Now, how do you actually get money out of it? Generally, a question arises in one’s mind: “How do I pay myself from a Limited Company?” It’s not as simple as taking drawings from a sole trade. You’re a director, possibly an employee, and […]

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