The cycle-to-work scheme remains uncapped after the November 2025 Budget, offering significant tax and National Insurance savings for employees and employers alike.
A First-tier Tribunal decision sheds new light on what counts as ‘normal expenditure’ for the Inheritance Tax exemption that allows immediate relief on lifetime gifts.
Making Tax Digital is now live, but with nearly 80% of those required still unregistered at the start of April, sole traders and landlords face a scramble before the first quarterly deadline.
April brought a trio of unwelcome changes for businesses: reduced capital allowances, doubled late filing penalties and the closure of HMRC’s free corporation tax filing portal.
In less than six months, Making Tax Digital (MTD) will become mandatory for sole traders and landlords with an annual income of more than £50,000. However, some may be able to avoid the requirements. HMRC has opened applications for an exemption from MTD for income tax for those who consider themselves to be digitally excluded. […]
The UK tax system is undergoing a major transformation, and it is closer than you might think. From April 2026, Making Tax Digital (MTD) will become mandatory for many individuals with self-employment or property income. If you are not yet prepared, now it is the perfect time to start. Here’s everything you need to know […]
Companies that may have miscalculated their corporation tax marginal relief may receive a letter from HMRC as part of a new campaign. The targeted errors could be due to ignoring associated companies. Associated companies Directors will be aware that the first £50,000 of their company’s profit benefits from a corporation tax rate of 19%, compared […]
HMRC’s recently closed consultation offers further clarity on how the £1 million inheritance tax (IHT) business and agricultural relief allowance will work from 6 April 2026. The total value of business and agricultural property eligible for 100% IHT relief will be limited to £1 million. Any qualifying assets above this limit will receive relief at […]
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. This will bring a further 900,000 low-income taxpayers under the MTD regime. HMRC previously stated that those with an income between £20,000 and £30,000 would be mandated before the end of […]
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. Given the changes taking place, it is important to understand the rules. Rates of CGT Basic rate taxpayers now […]