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 […]
Category: Tax Planning
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 […]
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 […]
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 […]
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 […]
Company Accounts Changes Ahead
Directors need to prepare for company accounts changes from Companies House, which will take effect from 1 April 2027. Digital software Directors who currently submit their company accounts themselves will no longer be able to file by paper or use […]
Is Now a Good Time to Be a Landlord?
Is now a good time to become a landlord in England? With more mortgage deals and lower interest rates, many wonder if this is the moment to invest in buy-to-let. Cons Uncertainty remains in the private rental market due to […]
HMRC Struggles to Tax Interest Income
Taxpayers relying on HMRC to correctly calculate tax on interest are being warned: the system is under strain, and personal responsibility is key.
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.
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.
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. […]
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