The Government has revised its plans for mandatory payrolling of Benefits in Kind (BiK), introducing a phased approach that splits the rollout across two years.… Read More »Benefits in Kind reporting is changing…again
After months of delays, the Government has finally confirmed how the Economic Crime and Corporate Transparency Act 2023 (EECTA) will change the way small businesses… Read More »Small businesses to face new Companies House account filing rules from April 2028
The first official deadline for Making Tax Digital (MTD) for Income Tax is 7 August 2026. By this point, if you are a sole trader… Read More »Less than a month left until the MTD reporting deadline, are you ready?
In a shocking turn of events, Rachel Reeves has confirmed the ISA tax that the Treasury previously deemed ‘nonsense’. From April 2027, savers could face… Read More »Treasury finally confirms a 22 per cent tax on cash interest on Stocks and Shares ISAs
If you are a director of a close company, there is an important reporting point that should not be overlooked when completing your Self-Assessment tax return. … Read More »Directors of Close Companies – New Disclosure Requirements on Your Tax Return
Do you know what your Personal Savings Allowance is? While most taxpayers in the UK will know the thresholds for Income Tax, a worrying few… Read More »The hidden savings tax trap and why changes to ISAs make it harder to put money away
The £2,000 cap on National Insurance (NI) free salary sacrifice pension contributions was sold as a tax on high earners but, if you look closer,… Read More »Salary sacrifice cap and the squeezed middle
When Rachel Reeves announced a temporary cut in VAT from 20 per cent to five per cent for family attractions and children’s dining over the… Read More »Government summer savings spree adds complexity to VAT for hospitality and tourism
Inheritance Tax (IHT) is paid on all items of your estate after you pass away if you exceed certain thresholds. Whilst many people focus on… Read More »Classic cars, jewellery and handbags – How high luxury is accounted for in Inheritance Tax
Chancellor Rachel Reeves announced an increase in HMRC’s approved mileage rates for cars and vans from April 2026 for the first time since 2011 in… Read More »HMRC raise mileage rates and allowances
