HMRC has clarified an important point in its Making Tax Digital (MTD) for Income Tax guidance, confirming that partners who claim averaging relief will not automatically be treated as exempt […]

Businesses and employees are now operating under the updated approved mileage allowance rates introduced from 6th April 2026, with the main rate for cars and vans increasing from 45p to […]

The government has confirmed that changes to the inheritance tax treatment of pensions will take effect from 6th April 2027. Under the new rules, unused pension pots and certain pension […]

The government has confirmed that the introduction of mandatory payrolling for Benefits in Kind (BiKs) will now take effect from 6th April 2027. The changes were originally expected to be […]

Employee share schemes continue to be a popular way for businesses to reward and retain talent, but they also bring annual reporting obligations that cannot be overlooked. For any company […]

HMRC has issued updated guidance on exemptions from Making Tax Digital (MTD) for Income Tax, refining how and when taxpayers can step outside the regime. While the underlying rules haven’t […]

HMRC has reinforced its existing guidance to charities setting out when VAT registration becomes mandatory. While many charitable organisations benefit from specific VAT reliefs, the guidance underlines a key point: […]

From April 2026, the main rate of writing down allowances (WDA) will reduce from 18% to 14%, with different effective dates for corporation tax and income tax. Where accounting periods […]

The UK government has signalled a review of mileage allowance rates, a move that could bring financial relief to millions of workers who rely on their vehicles for business travel. […]