HMRC’s Let Property Campaign continues to pay dividends. In 2024/25 alone, it generated a record £107 million in previously unpaid tax from landlords, an increase of over 60% compared to the prior year.
Author: Ammu Accounting
Correcting VAT Return Errors: New HMRC Process Explained
HMRC has recently updated the process for correcting VAT return errors, offering a clearer pathway for businesses to stay compliant.
Companies House Identity Checks Begin for Directors and PSCs
The rollout of Companies House identity checks will begin on 18 November 2025, marking a major step in the UK’s efforts to improve corporate transparency.
Stamp Duty on Second Home: A Cautionary Tale from Westminster
The recent resignation of former Deputy Prime Minister Angela Rayner over unpaid stamp duty has put the spotlight back on a complex area of tax law.
Stablecoin Limits for Businesses Proposed by Bank of England
The Bank of England’s proposal to introduce stablecoin limits for businesses has raised concerns among firms using, or considering the use of, cryptocurrency.
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 […]
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