The deadline for mandatory payrolling of benefits has been postponed by one year. Employers will now need to report most taxable benefits through payroll software starting 6 April 2027.
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New Rules for Statutory Sick Pay
Proposed statutory sick pay changes will introduce eligibility from the first day of sickness. The lower earnings threshold will also be removed.
Business and Agricultural IHT Relief: What the £1M Limit Means
HMRC’s recently closed consultation offers further clarity on how the new £1 million inheritance tax (IHT) relief cap for business and agricultural property will apply from 6 April 2026.
Continuing Our Commitment to Glasgow’s Business Growth
We’re proud to be continuing our role in Phase 3 of Glasgow City Council’s Business Growth Programme, supporting Glasgow-based SMEs and Social Enterprises with expert financial consultancy. As a chartered accountancy and business advisory firm, we specialise in Business Financial […]
HMRC Updates HICBC Reporting for 2025
From this summer, employed taxpayers who have to pay the high income child benefit charge (HICBC) will no longer need to complete a self assessment tax return.
VAT Late Payment Penalties Rise Sharply
It is now more expensive to be late when it comes to making a VAT payment. The slowest payers now face a 250% increase to an annualised rate.
New CGT Rates and Triggers Explained
With basic rate taxpayers now facing doubling capital gains tax (CGT) rates, and with the exempt amount a quarter of its previous level, it is no surprise that considerably more CGT is being paid to HMRC.
Spring Statement: Tax Rises Still on the Horizon
There were no tax increases in the Chancellor’s Spring Statement (upgraded from an initial Spring Forecast), but that might just be pain deferred.
More Taxpayers Join MTD by April 2028
Self-employed people and landlords with an income between £20,000 and £30,000 will be required to use Making Tax Digital (MTD) from 6 April 2028.
Spring Statement 2025 – Ammu’s Commentary
Rachel Reeves’ Spring Statement brings few surprises but confirms that key tax and compliance changes are going ahead as planned. Key points for you as a business owner: Helpful Articles for MTD and Payroll Updates Making Tax Digital: Key Changes […]
Making Tax Digital: Key Changes from April 2026
From April 2026, HMRC is rolling out Making Tax Digital (MTD) for Income Tax, which will impact many self-employed individuals and landlords. If you earn over £50,000 from employment or property, you’ll likely be affected—so it’s time to start preparing. […]
Year-End Tax Checklist: What to Do Before the 6 April Deadline
As the tax year-end approaches, now’s the time to take action and make the most of valuable allowances and planning opportunities. Here are 15 practical steps to consider before 6 April 2025
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