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HMRC cracks down on personal expenditure
HM Revenue & Customs (HMRC) is intensifying its compliance efforts around private use adjustments in self‑assessment returns.
March 18, 2026
WH Smith’s share price collapse
By Dr Angelo Chirulli, ACA BFP ADIT IFA CPA (ITA)
Mail: angelo@vectigalistax.co.uk
The retail group WH Smith has been rocked by a spectacular collapse in its share price after uncovering a significant accounting error.
March 18, 2026
“Correct and complete” What HMRC’s new focus really means for you
He’s a successful founder: UK company, overseas investments, a trust, a carried interest structure, a couple of properties in Europe. He has a Big 4 firm on speed dial and a family office that keeps his spreadsheets immaculate.
March 18, 2026
The £100,000 Income Trap
The £100,000 Income Trap: why earning more can leave you surprisingly worse off
A client walked into a meeting recently with what sounded, on the surface, like a good problem to have.
March 18, 2026
Trasferirsi dall’Inghilterra in Italia o negli USA
Cosa considerare dal punto di vista fiscale
March 18, 2026
HMRC Nudge Letter: the brown envelope on a rainy Tuesday
A simple guide to HMRC’s “nudge letter” when you have assets in Italy and Spain
“I thought it was a parking fine.”
March 18, 2026
“Alex buys an ETF” — a plain tax story for one UK taxpayer
Alex is UK-resident and wants to put spare cash to work without tripping over tax rules. No product tips here—just the tax mechanics you should understand before and after you click “Buy.”
March 18, 2026
When VAT isn’t what it seems
When VAT isn't what it seems: reverse charge, registration traps, and why you might already be liable
March 18, 2026
When a Director moves abroad… did the Company just “move” too?
A story about UK company residence, Central Management & Control, and the (often invisible) exit tax trap.
Luca built a tidy UK consulting business. A UK Ltd, one director (him), one shareholder (him), UK clients, UK bank, UK accountant. Nothing fancy.
March 18, 2026
Acquiring a Restaurant through a UK Limited Company
The Tax-Only, deal-ready playbook
March 18, 2026
The “first-time buyer” who wasn’t (SDLT)
I’m going to tell you a story that looks “obvious” in real life… and then becomes very non-obvious once you apply the statute.
Let’s call them Marco and Giulia. Long-term renters in London. Offer accepted. Mortgage lined up. They’ve budgeted for fees and assume they qualify for SDLT First-Time Buyers’ Relief because: “We’ve never owned a home in the UK.”
March 18, 2026
Foreign income on a UK tax return
Why HMRC is suddenly interested in your “global life”
When Alex opened an email from his accountant with “HMRC – Foreign Tax Credit Relief” in the subject line, he assumed it was just another routine reminder about the Self Assessment deadline.
March 18, 2026
BEYOND THE COMMENTARY
Proactive Tax Strategy Starts with a Conversation.
Don’t navigate complex cross-border regulations or HMRC compliance alone. Angelo provides technically grounded commentary and actionable advice tailored to specific corporate or private needs.