Tax

self assessment

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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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 ...

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tax

What happens when you underpay tax?

Apr 14, 2026

The new tax year has recently begun and it is a time when businesses and individuals will need to review their position to ensure that they are not caught out by shifting rules and fiscal drag. It is also the time ...

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Making Tax Digital has started – Are you ready for the first submission?

Apr 07, 2026

Making Tax Digital (MTD) for Income Tax has now begun, years after it was first announced and when it was due to take effect. Even as recently as the week before the shift, only 21 per cent of affected taxpayers were ...

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Making Tax Digital

HMRC confirms how sole traders and landlords can exit Making Tax Digital for Income Tax

Apr 02, 2026

Just days ahead of the initial phase of Making Tax Digital for Income Tax, HMRC has confirmed the exit options for sole traders and landlords who fall below the annual qualifying income threshold. There has been a lot of concern from ...

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Over 100,000 jobs lost – The cost of rising National Insurance on employers

Jun 12, 2025

The release of the latest employment data should serve as a wake-up call for business owners. Over 100,000 jobs were lost in May, the worst figure in four years, with hospitality, tech and retail bearing the brunt. One of the biggest factors ...

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Are rising tax arrears putting your business at risk?

May 29, 2025

Businesses in the UK are facing increasing financial strain, with new data from HM Revenue & Customs (HMRC) showing that tax arrears have hit £28 billion per month on average across the first quarter of 2025. Unpaid Corporation Tax, VAT and ...

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What is the Worldwide Disclosure Facility and when should you use it?

May 01, 2025

If you have undeclared income or assets held overseas, you may owe tax in the UK. The Worldwide Disclosure Facility (WDF) offers a way to correct your tax affairs where foreign income or gains should have been reported but were not. HMRC ...

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Important updates to Making Tax Digital and late payment rates you might have missed in the Spring Statement

Mar 27, 2025

This week’s Spring Statement brought two announcements that will matter to anyone running their own business or earning income from property. Firstly, there will be tougher penalties for late tax payments under Making Tax Digital (MTD). Secondly, the MTD scheme itself is ...

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What does the abolition of the FHL tax regime mean for your BADR eligibility?

Dec 13, 2024

With the planned abolition of the Furnished Holiday Let (FHL) tax regime in April 2025, owners of FHL properties are facing changes to how their properties are taxed.    So, what are these changes and what will the implications be for claiming ...

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