HMRC has confirmed it is changing the way it will handle tax on bank and building society interests. What has HMRC changed? Since October 2025, HMRC has been sending out Simple Assessment letters to individuals who may owe tax on…
With the November Budget just weeks away, one rumour appears to be gaining more traction than others. Media reports suggest that the Chancellor, Rachel Reeves, may introduce a new National Insurance charge on partnerships in her Budget announcement. What is…
In the October 2024 Budget, the Government confirmed reforms to Inheritance Tax (IHT) that will take effect from April 2026. The changes will restrict the availability of Business Property Relief (BPR), which helps reduce the tax liabilities of family-owned businesses.…
HMRC has confirmed that the upcoming increase in company size thresholds will apply to the off-payroll working rules. From 6 April 2026, more end-client companies will qualify as “small” and fall outside of the scope of the IR35 Off-Payroll Working…
We are sprinting towards the end of the year and with 2025 soon drawing to a close, it’s a good time to reflect and analyse whether you are on target to achieve your business and financial goals this year.
Many businesses are feeling the pressure of recruitment challenges at the moment and it can sometimes feel like there are forces beyond your control dissuading the right applicants from applying for roles.
First announced in last year’s Autumn Budget, the changes to Inheritance Tax (IHT) are set to come into effect from April 2026.
With the Autumn Budget looming ominously on the horizon, Rachel Reeves seems keen to build some goodwill with businesses ahead of some likely tax hikes.
Making Tax Digital (MTD) for Income Tax is less than six months away and now is the ideal time for self-employed individuals, sole traders and landlords to start preparing for the changes to come.
Step into any supermarket right now and you will find a cornucopia of festive treats assailing your senses as the shops proactively prepare for Christmas.
HM Revenue and Customs (HMRC) has acknowledged an error it made when publishing Valued Added Tax (VAT) figures that may impact the provisional 2025 to 2026 year-to-date receipts.
Most business owners who are required to get an audit will likely be aware that there have been plans to reform the way that audits work for many years.
HM Revenue and Customs (HMRC) has announced its latest updates to the Advisory Electric Rate (AER) that will affect employees using a company car. Reviewed every three months on a quarterly cycle, HMRC’s latest update confirmed that there are now…
With changes expected to be announced about the UK’s current National Minimum Wage (NMW) and National Living Wage (NLW) rates in the near future, HM Revenue and Customs (HMRC) has updated its checking process. As part of HMRC’s NMW check…
The 2025/26 financial year will bring new reporting requirements for UK resident directors of close companies, who are required to file a Self-Assessment tax return. HM Revenue and Customs (HMRC) has introduced measures that will mean company directors will need…