Category: Tax News

HMRC is stepping into the future with a raft of changes aimed at making things more efficient, more digital, and (hopefully) more straightforward

As of 6 April 2025, the Furnished Holiday Lettings (FHL) tax regime has officially been abolished. If you own a holiday let, this means the special tax treatment that once applied to FHLs no longer exists.

From 6 April 2025, significant changes are coming to Employer National Insurance Contributions (NICs) – and it’s important to be aware of how these updates could affect your payroll costs.

Selling your business or planning to restructure your assets? With CGT rates rising over the next two tax years, the timing of your decisions could make a big difference to your final tax bill.

2024 marked the first year that digital platforms like Amazon, eBay, and Etsy were required to report seller information to HMRC

If you’re planning a BADR-qualifying disposal, it’s crucial to get advice early. Speak to our team today to ensure you’re making the most tax-efficient decisions.

With just over a year to go before Making Tax Digital for Income Tax (MTD for IT) becomes mandatory, now is the time to check whether your business will need to comply from 6 April 2026.

ATED applies to companies and other ‘non-natural persons’ that own UK residential properties valued at over £500,000. The tax is based on the property’s value, unless an available relief is claimed.

If you’re an employee who incurs work-related expenses that haven’t been reimbursed by your employer, you could be eligible for Income Tax relief.

The VAT classification of food and drink has long been a contentious issue, and legal cases continue to shape HMRC’s approach.

HM Revenue and Customs (HMRC) have issued a reminder to be careful about scam attempts that target people filing Self Assessment tax returns

Employers should note that certain gifts to staff at Christmas are tax free if structured correctly. Employers are allowed

HMRC have developed an app that can help people prepare for their retirement. Individuals can use the app to check their State Pension Forecast, allowing them to

Changes to inheritance tax were announced in the Budget that have caused consternation and resulted in protests by farmers and business owners across the UK. What exactly is changing and what could this mean for you?

The UK government has announced the extension of first-year allowances (FYAs) for businesses investing in zero-emission cars and electric vehicle (EV) charging points. These allowances enable businesses to deduct 100% of the cost of qualifying investments from their taxable profits in the year of purchase.

The UK government is changing the game for double cab pick-ups with new tax rules coming into force on 6 April 2025. Historically, these vehicles have been treated as vans if they could carry a payload of 1,000kg or more, giving businesses favourable tax benefits. But this approach is shifting, following a landmark court case.

On 30th October 2024, Rachel Reeves made history as the first female Chancellor of the Exchequer to deliver a Budget speech. The occasion was significant on many levels, but as the speech concluded, it left mixed feelings among business owners. While the Budget had its silver linings for workers, many businesses will face new financial challenges.

With potential Capital Gains Tax (CGT) changes on the horizon, many investors are thinking about realising gains on their investments before the budget announcement on 30 October 2024. However, if you plan

The current State Pension is £11,502 per year and is expected to rise to around £12,000 for the 2025/26 tax year. To put this into perspective, at today’s annuity rates, it would cost over £300,000 to purchase an index-linked annuity starting at £12,000 a year

Under the current pension rules, many people over the age of 55 can withdraw up to 25% of their pension savings tax-free.

With the October Budget fast approaching, there are strong rumours that pension tax relief could be a key focus for potential changes. These adjustments could raise more tax revenue than both Capital Gains Tax (CGT) and Inheritance Tax (IHT) reforms combined.

With potential changes to Capital Gains Tax (CGT) on the horizon, many taxpayers are considering bringing forward their asset disposals to take advantage of the current rates.