Owners of public houses have faced significantly higher bills for business rates from April 2026. To partly offset the increases, the government announced a 15% discount for the current year and has recently announced a 20% discount for 2027/28. The higher business rates costs have been generated as a result of a business rates revaluation […]
New data from HMRC shows how much the government relies on just four taxes. Source: HMRC The Labour Party went into the 2024 general election with pledges on four major taxes in its manifesto: “Labour will not increase taxes on working people, which is why we will not increase National Insurance, the basic, higher, or […]
HMRC are having to remind taxpayers that there is no deadline extension if a VAT return submission date falls on a weekend or a bank holiday. Due date reminder The due date for submitting quarterly VAT returns is one month plus seven days after the end of the quarter. So, for the quarter ending 30 […]
The Chancellor has announced a 10p per mile increase for the tax-free mileage rates, which can be paid to employees using their own cars for business purposes, with the increase backdated to 6 April 2026. Mileage rates The 10p per mile increase only applies to the first 10,000 business miles driven each tax year. This […]
Anyone confused or anxious about the inheritance tax (IHT) changes being introduced for pensions needs to be aware that scammers might try to target their savings. Changes to pensions From 6 April 2027, inherited pension funds will be subject to IHT unless inherited by a spouse or civil partner. Not surprisingly, scammers are using the […]
The cycle-to-work scheme remains uncapped after the November 2025 Budget, offering significant tax and National Insurance savings for employees and employers alike.
Did UK house prices keep pace with inflation over the past decade? The answer might surprise you — and the picture for buy-to-let investors looks tougher still.
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.