Blog
Extracting Dividends from Your Company Ahead of the April 2026 Dividend Tax Rise
If you are a shareholder, from 6 April 2026, the tax you pay on dividends is increasing from 8.75% to 10.75% for basic rate taxpayers from 33.75% to 35.75% for higher rate taxpayers Those of you who pay dividend tax at the additional rate,...
Meet Our Team: A Tax Executive Who Loves Getting the Details Right
At CKLG, our people are at the heart of everything we do. This month, we’re excited to introduce Raven, one of our talented Tax Executives, whose meticulous approach and client-first mindset ensures a smooth and stress-free tax season for every client. ...
Disposing of a UK Residential Property? What You Need to Know About 60‑Day CGT Reporting
When you sell a UK residential property for more than you paid for it, you’ll normally need to report the profit (your capital gain) to HMRC within 60 days of completion and pay any Capital Gains Tax (CGT) owed. However, there is a helpful exception that could defer...
Preparing for the New Tax Year: What employers need to know?
The end of the 2025/26 tax year will soon be here, which means a few additional tasks to carry out on your payroll, if you run one. If you run a payroll, you will need to report information on the tax year that is ending on 5 April 2026 to HM Revenue and Customs...
What does the Spring Forecast tell us about tax?
During a week dominated by news of the Middle East conflict, on 3 March 2026, Chancellor Rachel Reeves presented the Spring Forecast to Parliament. As part of the government’s policy of one major fiscal event a year, the Chancellor announced no new tax or spending...
Capital Expenditure Countdown: Make the Most of Your Tax Year
Where a business has a 31 March or 5 April year end, the end of the tax year is a significant date as far as tax relief for capital expenditure is concerned. For new equipment to attract Capital Allowances, the expenditure must be incurred on or before the end...
There is still time for some year end tax planning
With the end of the tax year approaching, now is a good time to check that you are making the most of your tax reliefs and allowances. Income Tax Beat fiscal drag!Consider transferring assets between spouses/civil partners if income tax savings could be made. Think...
Spring Forecast: 3 March 2026
The Chancellor, Rachel Reeves, has asked the Office for Budget Responsibility (OBR) to publish an economic and fiscal forecast on 3 March 2026, which will be accompanied by a statement to Parliament. As outlined in the Budget, this Spring forecast will provide an...
The Chancellor Increases Agricultural and Business Property Relief to £2.5m
In a surprise announcement just before Christmas, the government announced a major change to Agricultural Property Relief (APR) and Business Relief (BR) reforms that will take effect from 6 April 2026. The full 100% relief from Inheritance Tax (IHT) will now apply to...
Spring Forecast: 3 March 2026
The Chancellor, Rachel Reeves, has asked the Office for Budget Responsibility (OBR) to publish an economic and fiscal forecast on 3 March 2026, which will be accompanied by a statement to Parliament. As outlined in the Budget, this Spring forecast will provide an...
The Chancellor Increases Agricultural and Business Property Relief to £2.5m
In a surprise announcement just before Christmas, the government announced a major change to Agricultural Property Relief (APR) and Business Relief (BR) reforms that will take effect from 6 April 2026. The full 100% relief from Inheritance Tax (IHT) will now apply to...
HMRC moves to digital correspondence
Starting Spring 2026, HMRC will significantly reduce the number of paper letters it sends, accelerating its transition to digital communication. Email alerts will replace automatic postal letters, directing taxpayers to view new documents in their personal tax account...
Protect Yourself from Self‑Assessment Scams
With the Self-Assessment deadline looming at the end of January, it’s crucial to stay alert. Cybercriminals often exploit this busy period, using convincing methods to steal personal details or trick taxpayers into making fraudulent payments. Scammers may send fake...
UK Resident Crypto asset Users: HMRC’s New Reporting Rules
In 2026, UK resident crypto asset users will see a major change in how their activity is monitored. Any UK-based crypto asset service providers, such as exchanges or wallet platforms, will be required to report tax-relevant information about their customers directly...
Digital Record Keeping and Quarterly Reporting Requirements for Traders and Landlords (“MTD”)
Updates are continuing to come through on HMRC’s ‘Making Tax Digital for Income Tax’ (‘MTD for IT’) initiative. It will initially apply from 6 April 2026 for sole traders and property landlords who generated gross trade and rental income (‘qualifying income’) of more...
From Speculation to Reality: The November Budget Explained
After months of anticipation, Rachel Reeves has finally delivered her long-awaited budget. Yesterday, the Chancellor unveiled the November 2025 Budget. While it wasn’t the worst-case scenario many had feared or spent weeks preparing for, one thing is certain: the tax...
HMRC Reminds Seasonal Sellers to Check Tax Obligations
As the festive season approaches, HM Revenue & Customs (HMRC) is urging anyone who earns money from Christmas crafts, seasonal market stalls, or selling festive items to check whether they need to report their earnings for last year. HMRC’s “Help for Hustles”...
Think It’s HMRC? Think Again: How to Spot a Scam Before It’s Too Late
HMRC received 170,000 scam referrals in the year to July 2025. Phishing scams are getting smarter. They are no longer just clumsy emails, they now mimic official branding, include QR codes, and look convincing. For small businesses, falling for one can mean stolen...
During a week dominated by news of the Middle East conflict, on 3 March 2026, Chancellor Rachel Reeves presented the Spring Forecast to Parliament. As part of the government’s policy of one major fiscal event a year, the Chancellor announced no new tax or spending... Where a business has a 31 March or 5 April year end, the end of the tax year is a significant date as far as tax relief for capital expenditure is concerned. For new equipment to attract Capital Allowances, the expenditure must be incurred on or before the end... With the end of the tax year approaching, now is a good time to check that you are making the most of your tax reliefs and allowances. Income Tax Beat fiscal drag!Consider transferring assets between spouses/civil partners if income tax savings could be made. Think... The Chancellor, Rachel Reeves, has asked the Office for Budget Responsibility (OBR) to publish an economic and fiscal forecast on 3 March 2026, which will be accompanied by a statement to Parliament. As outlined in the Budget, this Spring forecast will provide an... In a surprise announcement just before Christmas, the government announced a major change to Agricultural Property Relief (APR) and Business Relief (BR) reforms that will take effect from 6 April 2026. The full 100% relief from Inheritance Tax (IHT) will now apply to... Starting Spring 2026, HMRC will significantly reduce the number of paper letters it sends, accelerating its transition to digital communication. Email alerts will replace automatic postal letters, directing taxpayers to view new documents in their personal tax account... Businesses across the UK are being warned to settle overdue tax promptly, as HMRC has begun issuing letters to firms with outstanding liabilites. HMRC is warning that the tax authority may exercise its revived powers to recover overdue tax directly from their bank or... HMRC has started contacting tax agents to check whether companies correctly claimed relief relating to directors’ loan accounts. The letters ask agents to review filings where relief from tax was claimed on the basis that a loan to a participator would be repaid... HMRC is introducing significant changes to its penalty regime for late filing of corporation tax returns, and businesses should take note. From 1 April 2026, the financial consequences of missing deadlines will become much more severe. Under the new rules, filing a...
What does the Spring Forecast tell us about tax?
Capital Expenditure Countdown: Make the Most of Your Tax Year
There is still time for some year end tax planning
Spring Forecast: 3 March 2026
The Chancellor Increases Agricultural and Business Property Relief to £2.5m
HMRC moves to digital correspondence
HMRC resumes direct debit recovery from firms
HMRC reviews directors’ loan account tax relief
Dealing with HMRC Penalties: What You Need to Know
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