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HMRC is closing its free Company Tax Return filing service – what your business needs to do now
From 31 March 2026, HM Revenue & Customs (HMRC) will permanently close its free online service for filing Company Tax Returns and annual accounts.
Fewer HICBC penalties – a sign of success, or a reminder to stay compliant?
Recent data from HM Revenue & Customs (HMRC) shows a dramatic fall in penalties issued under the High Income Child Benefit Charge (HICBC) – from
Fewer HICBC penalties – a sign of success, or a reminder to stay compliant? Read More »
Can nearshoring solve the economic confusion?
It is no secret that the ongoing trade wars, tariffs, and tense negotiations have left the world in a perilous place from an economic standpoint.
Making Tax Digital is expanding – here’s what sole traders need to know
A significant change is on its way for sole traders, with new rules set to reshape how income is reported and managed.
Making Tax Digital is expanding – here’s what sole traders need to know Read More »
Rising BADR rates bring MBO timing into sharper view
The idea of selling a business to its management team has long been part of succession planning in the UK.
Rising BADR rates bring MBO timing into sharper view Read More »
Late tax payments now charged at 8.5 per cent as HMRC hikes interest rate
Following changes to legislation, HM Revenue & Customs (HMRC) has revised the way it calculates interest on late and early payments, linking it more closely
Late tax payments now charged at 8.5 per cent as HMRC hikes interest rate Read More »
Will a discretionary trust prevent your home from qualifying for the residence nil rate band?
No one wants to pay more Inheritance Tax (IHT) than they have to.
Are your payroll practices compliant with the new minimum wage rates?
1 April 2025 signalled the first wave of payroll changes for businesses to contend with this year, including the increase to the National Living Wage
Are your payroll practices compliant with the new minimum wage rates? Read More »
Important updates to Making Tax Digital and late payment rates you might have missed in the Spring Statement
This week’s Spring Statement brought two announcements that will matter to anyone running their own business or earning income from property.