Blog
Updated process for High Income Child Benefit change
HMRC’s online service to pay the High Income Child Benefit Charge (HICBC) through Pay As You Earn (PAYE) is now live. The service was announced at the Spring Statement 2025 and aims to reduce the need for some taxpayers to complete self assessment solely to settle the...
Government outlines plan to support small businesses
The UK Government has announced a new plan to support small businesses, with a wide-ranging set of measures designed to tackle long-standing challenges and drive growth. The Chartered Institute of Management Accountants (CIMA) and the Institute of Chartered...
HMRC Targets Errors in Marginal Relief Claims. What Business Owners Need to Know.
HMRC has launched a letter campaign aimed at companies that may have made mistakes when claiming corporation tax marginal relief. If your business receives one of these letters, it’s essential to respond within 30 days even if you believe your corporation tax...
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...
Winter Fuel Payment Clawback
Individuals born before 22 September 1959 and living in England, Wales or Northern Ireland are likely to be entitled to a Winter Fuel Payment (WFP) of between £100 and £300 for this upcoming winter (2025-26). Payments will be made in November or December 2025....
HMRC’s Transformation Roadmap
On 21 July 2025, HMRC unveiled its Transformation Roadmap, outlining bold plans to become a digital-first organisation by 2030. The goal is for 90% of customer interactions to take place digitally, up from the current 76%. This shift will involve automating tax...
Will taxes rise in the Autumn?
The Autumn Budget date has not yet officially been announced but based on tradition, it is likely to be late October or early November. Meanwhile, speculation is mounting over whether the Chancellor will be forced to break the promises made in their manifesto...
What is ‘L’ Day?
‘Legislation Day’ – also known as’ L Day’ - is an important date on the calendar. It’s when the government publishes draft clauses for the next Finance Bill and other documents for technical consultation. It also provides us all with more certainty over future...
Pensioners earning under £35k to get winter fuel cash again
Last month Chancellor Rachel Reeves reversed the decision to restrict winter fuel payments, confirming that pensioners in England and Wales with taxable incomes of £35,000 or less will again receive the benefit from this autumn. Pensioners aged 67-79 will be paid...
Tax Reporting Made Easier: New £3,000 Self Assessment Thresholds Unveiled
The UK government has announced a key update to Income Tax Self Assessment thresholds, aligning trading, property, and ‘other taxable’ income limits at £3,000 (gross) each. This change aims to simplify tax reporting and could exempt up to 300,000 individuals from...
Thinking About Your Tax Return?
HM Revenue and Customs (HMRC) has reported that nearly 300,000 people have already filed their 2024/25 Tax Return, just weeks into the new tax year! While the deadline isn’t until 31 January 2026, getting ahead of the game can bring significant advantages. Filing...
Tax Cards for 2025/2026
Find out everything you need to know about the Tax Rates applicable to 2025/2026. From Income Tax Allowances to Vehicle and Fuel, Benefits-in-Kind, UK Company Taxation, Capital Allowances and Inheritance Tax updates. Our 2025/2026 Tax Cards will provide you with...
The start of a new tax year heralds change …
On 26 March 2025, the Chancellor presented her Spring Statement to parliament. Despite a backdrop of low economic growth and increasing government borrowing costs, the Chancellor remains committed to her ‘non-negotiable’ fiscal rules announced last October. ...
Landlords to receive MTD letters
Starting in April, HMRC will begin sending letters to taxpayers impacted by Making Tax Digital (MTD) for Income Tax. The initial phase will target landlords, sole traders, and self-employed individuals with earnings exceeding £50,000 From 6 April 2026, those earning...
Making Tax Digital for Income Tax regime extended to smaller businesses
The Spring Statement confirmed that Making Tax Digital for Income Tax (MTD for IT) will be further extended to bring in sole traders and property landlords from 6 April 2028; with income of £20,000 or more from 2026/27. It has also been confirmed that if you are...
Spring Statement Thoughts…
After listening to Rachel Reeves deliver her punchy Spring Statement, its is obvious that she is determined to bring change and deliver security to the UK. Rachel reiterated that there will only be one major fiscal event in a year and after being on her feet for just...
Planning Ahead for University Costs
Paying for higher education can be one of the largest financial commitments families face. By planning in advance, you can reduce the need for costly borrowing and help your child start adulthood on a strong financial footing. Tuition fees for full-time undergraduate...
Making Tax Digital for Income Tax
With just over a year to go before Making Tax Digital for Income Tax (MTD for IT) is mandated, now is the ideal time to assess whether your business will need to comply with the new regulations starting 6 April 2026. If you are a sole trader or run an unincorporated...
From 6 May 2025, HMRC will no longer confirm a taxpayer’s Unique Taxpayer Reference (UTR) number over the phone. This change affects individual taxpayers as well as agents calling on behalf of clients. Instead, UTR numbers will now be accessible exclusively through... Employers must report shares, securities, and share options issued to employees for the 2024/25 tax year by 6 July 2025—the same deadline as the 2024/25 P11D submission. These annual returns must be submitted online via HMRC's reporting system. If employers have... A recent Court of Appeal ruling is set to reshape the tax treatment of double-cab pickups (DCPUs). From 6 April 2025, their classification will depend on an assessment of the vehicle’s overall construction and primary suitability at the point it is made available.For... It's that time of year again! P11D forms for reporting expenses and benefits in kind for the 2024/25 tax year must be submitted by 6 July 2025. Paper forms are no longer accepted, so all submissions must be made online via PAYE Online for employers or commercial... The UK government has announced a key update to Income Tax Self Assessment thresholds, aligning trading, property, and ‘other taxable’ income limits at £3,000 (gross) each. This change aims to simplify tax reporting and could exempt up to 300,000 individuals from... James Murray, the Exchequer Secretary to the Treasury, made a Written Ministerial Statement last week that included a number of tax simplification, administration and reform measures. Many are intended to reduce burdens on employers and small businesses, whereas... Find out everything you need to know about the Tax Rates applicable to 2025/2026. From Income Tax Allowances to Vehicle and Fuel, Benefits-in-Kind, UK Company Taxation, Capital Allowances and Inheritance Tax updates. Our 2025/2026 Tax Cards will provide you with... On 26 March 2025, the Chancellor presented her Spring Statement to parliament. Despite a backdrop of low economic growth and increasing government borrowing costs, the Chancellor remains committed to her ‘non-negotiable’ fiscal rules announced last October. ... Starting in April, HMRC will begin sending letters to taxpayers impacted by Making Tax Digital (MTD) for Income Tax. The initial phase will target landlords, sole traders, and self-employed individuals with earnings exceeding £50,000 From 6 April 2026, those earning...
HMRC Stops Issuing UTR Numbers Over the Phone – What You Need to Know
2024/25 Employment-Related Securities Return – Due by 6 July 2025
New Benefit in Kind Rules for Double-Cab Pickups
It’s P11D Season – Are you ready?
Tax Reporting Made Easier: New £3,000 Self Assessment Thresholds Unveiled
Tax Administration measures announced: How will they affect businesses and employers?
Tax Cards for 2025/2026
The start of a new tax year heralds change …
Landlords to receive MTD letters
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