A recent study exposes that £38.9 billion worth of UK real estate is owned by offshore companies, with the British Virgin Islands and Jersey leading the pack. The findings highlight concerns about transparency in overseas property ownership and the potential...

Birmingham, the UK's second-largest city, faces a severe financial crisis primarily linked to a £760 million legal bill from equal pay claims, reflecting broader fiscal challenges across England's local government. The city's council, grappling with budget cuts and a £87...

The HMRC's Self-Assessment Helpline, closed for three months, impacted 1.2 million callers, reflecting a shift towards digital services. The closure drew criticism, with officials defending it as a strategic move to address service challenges and suggesting potential future closures for...

A concerning report reveals serious flaws in achieving transparency in Overseas Entities, with 71% of properties held by such entities in England and Wales lacking vital ownership information. Experts emphasize the urgent need for government action to address gaps, safeguard...

The UK's housing market faces a significant setback with a 16% decline in residential property sales in July 2023 compared to the same period last year. Rising interest rates have deterred first-time buyers, raising concerns about the market's overall health...

Recent revelations spotlight serious challenges in HM Revenue & Customs (HMRC) as an accountancy firm faced an extraordinary three-and-a-half-year delay for a routine administrative request. This incident adds to ongoing concerns about HMRC's customer service, echoing past scrutiny over extended...

With the looming deadline for filing company accounts, Companies House underscores the importance of timely submission, emphasizing that all businesses, whether actively trading or dormant, must file by September 30th to sidestep penalties of up to £7,500. This guide emphasizes...

A startling 34% surge in UK inheritance tax penalties, totaling £2.28 million, reveals a concerning trend. With growing complexities and a 16% increase in inheritance tax revenue, families are urged to exercise "reasonable care" in valuing assets to avoid hefty...

UK landlords are rapidly selling properties due to increased mortgage rates, regulations, and rising costs, surpassing estimates by 8.5%. Despite a market dip, strategic exits offer financial stability amid changing conditions, reflecting a shift from the once-profitable buy-to-let market. Landlords...