Author: Ammu Accounting

state pension age under review

State Pension Age Is Under Review Again Just before Parliament’s summer recess, the government quietly announced a new review of the State Pension Age (SPA). This decision could shape long-term retirement plans and significantly impact UK public finances. Why the […]

planning on selling your business?

Thinking of Selling Your Business? Here’s Why Timing Matters If you’re a company owner planning to sell your business in the next couple of years, there’s a significant tax change on the horizon. From 6 April 2026, the rate of […]

HMRC targets miscalculated corporation tax reliefs

Have You Received a Letter from HMRC About Corporation Tax Relief? HMRC is writing to companies it believes may have miscalculated their corporation tax relief under the marginal relief rules. These letters are part of a wider campaign to identify […]

electric car milage rates changing from september

HMRC Splits Advisory Rates: What Employers and Drivers Need to Know From 1 September 2025, HMRC will introduce new electric car mileage rates for company vehicles. For the first time, separate rates will apply depending on whether charging is done […]

new rules for claiming pension tax relief

HMRC Tightens Pension Tax Relief: What You Need to Know From 1 September, HMRC has introduced stricter rules for claiming pension tax relief. The changes are aimed at reducing incorrect claims, many of which came from basic rate taxpayers. If […]

pension changes for 2027: how they could impact your retirement

The UK Government has confirmed major pension changes for 2027 that will affect inheritance tax rules, the State Pension age, and the outlook for retirement savings across Scotland. Unfortunately, this is not good news. In fact, with nearly half of […]

electric company cars are having a revival

After years of decline, electric company cars are leading a revival in the company car market — and the numbers speak for themselves. Recently published statistics show that in the 2023/24 tax year, the number of people receiving a company […]

HMRC is going digital: what taxpayers need to know

It is now clear, HMRC is going digital, and the way you manage your taxes is about to change. While plans to extend Making Tax Digital (MTD) to corporation tax have been dropped, the latest transformation roadmap confirms a wave […]

crypto reporting rules 2026: what investors need to know

From 1 January 2026, HMRC will introduce strict new Crypto Reporting Rules 2026 that will affect anyone in Scotland, and across the UK, who buys, sells, transfers, or exchanges cryptoassets such as Bitcoin. These new rules mean HMRC will be […]

Businesses Face Rising UK Costs

Rising UK costs are impacting businesses as April’s NIC and minimum wage increases take effect, with around half freezing pay. Many owners are also considering moving abroad to escape rising UK costs. Staffing Businesses have faced many challenges, including high […]

UK Tax Gap Nears £47 Billion

The UK tax gap has reached an estimated £46.8 billion for 2023/24, with 5.3% of total taxes going unpaid. HMRC will be concerned that small businesses are responsible for 60% of the missing taxes. The tax gap for corporation tax […]

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