Government proposes changes to the taxation of distributions and repayments of capital from companies

Government proposes changes to the taxation of distributions and repayments of capital from companies

Jul 07, 2026

The last few weeks have been awash with minor and major reforms to taxation in the UK, as part of HMRC’s Tax Update 2026. While the headlines have been stolen by changes to the way VAT, PAYE and ITSA are paid, ...

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Blog, HMRC, Tax

Paying tax as you earn it: The proposal that could reshape Self Assessment

Jul 02, 2026

Anyone subject to the UK’s Self Assessment system knows the rhythm by now. Income is earned across the tax year and the bill for it lands the following January. While Making Tax Digital (MTD) for Income Tax hasn’t changed when and ...

Blog, Tax

Despite setting sights on small businesses, the tax gap is still growing – How do businesses become tax compliant?

Jun 30, 2026

Between the amount of tax owed and the amount paid is the dreaded tax gap, the amount of additional revenue that HMRC would have to use if everyone were fully tax compliant. Every year since the 2005/6 tax year has seen ...

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Blog, Business, Tax

Accepting cryptocurrency as payment – The tax implications for UK SMEs

Jun 25, 2026

One in five of the UK's top SMEs is already seeing customer demand for cryptocurrency payments, according to a recent survey by payment technology provider DECTA. Whether you are considering accepting crypto or have already started doing so, understanding how it ...

Blog, Tax

65 per cent of people are still not registered for Making Tax Digital – Is mass non-compliance inevitable?

May 26, 2026

Despite becoming mandatory for sole traders, landlords and self-employed individuals with qualifying incomes over £50,000 from 6 April 2026, 65 per cent have still not registered for Making Tax Digital (MTD) for Income Tax. Speaking at Accountex London 2026, HMRC is ...

Blog, Tax

Why are lower-paid self-employed workers twice as likely to file late taxes?

May 12, 2026

HMRC has obtained new data from PensionBee and it has revealed a worrying trend about self-employed workers’ tax returns. The pension company found that those on lower incomes are twice as likely to miss the Self-Assessment filing deadline compared to higher ...

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Blog, Business, HMRC, Payroll, Tax

P11D Deadline 2026: What employers need to do now

May 07, 2026

If you provided any taxable benefits to employees or directors during the 2025/26 tax year, such as company cars, private medical insurance, beneficial loans, gym memberships, or living accommodation, the P11D deadline should be in your sights. For the 2025/26 tax ...

Blog, Tax

Businesses bear the brunt of nearly £1 trillion tax bill – Are they able to handle the extra costs?

Apr 28, 2026

If businesses feel as though they are paying more tax than ever, there is a reason for that. HMRC have revealed the amount of tax collected in the 2025/2026 – an eyewatering £938.8 billion. With this tax year likely to see the ...

Blog, Self-assessment, Tax

Is now the perfect time to file your Self Assessment tax return?

Apr 21, 2026

HMRC has sent out a message to some of the 12 million people with Self Assessment tax accounts in the last week or so, alerting them to the need to file their next Self Assessment tax return. Whether you received this ...

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Blog, HMRC, Tax

Health screenings – A tax-efficient employee benefit

Apr 16, 2026

Many employers are on the lookout for new means to attract talent to their business in an increasingly competitive labour market, but many aren’t aware of annual health screenings and their tax-efficient benefits. Unlike many benefits offered to employees, these are ...

Tax