Tax allowances frozen for 2026-27
It was confirmed as part of the Autumn Budget that the Income Tax thresholds will continue at their…
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Changes to the calculation of Income Tax
A number of changes to the taxation of dividends, property income and savings income were announced in the…
Who will be subject to MTD for IT from 6…
Taxpayers who are self-employed or receive rental income should check whether they will be subject to Making Tax…
Seven million people started new jobs in 2025
New figures published by HMRC show that more than 7 million people started a new job in 2025,…
Still time to top up your pension contributions
With the end of the 2025–26 tax year approaching on 5 April 2026, there is still time for…
Increase in company late filing penalties
After the end of its financial year, a private limited company must prepare full annual accounts and submit…
Accelerate Return on Investment
The speed with which a business can achieve a return on investment is often just as important as…
Reducing energy consumption
Reducing energy intensity is one of the most practical ways for small businesses to protect themselves from rising…
Loans to Participators
There are special rules to prevent close companies, generally companies controlled by a small group of individuals, from…
Changes to reporting of BiKs
Mandatory payrolling of benefits in kind (BiKs) and taxable employment expenses will be introduced from 6 April 2027. This represents…
Meaning of “bona vacantia”
Bona vacantia is Latin term meaning “ownerless goods”. The bodies that deal with bona vacantia claims vary across…
Claiming a tax refund from HMRC
If you have paid too much tax to HMRC, you may be able to claim a tax refund.…
