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Latest News


Verallo specialises in all areas of accountancy. Our expert team examines the latest news and developments that could impact your finances.


 
September 2, 2025

HMRC contacts returning expats over temporary non-residency tax rules

HMRC has begun contacting taxpayers who left the UK for a limited period before returning, reminding them to review their historic tax filings. Under UK tax rules, individuals who are […]
September 2, 2025

Preparing for Making Tax Digital? Now is the time to consider software

From 6th April 2026, some sole traders and landlords will need to use HMRC-compatible software to report their self-employment and property income. Even if your tax return is currently on paper […]
August 21, 2025

Potential reform to UK property taxes

The UK government is currently reviewing options to reform property taxes, including Stamp Duty and Council Tax. These proposed changes aim to modernise the tax system, simplify administration, and ensure […]
August 21, 2025

Changes coming to Companies House accounts filing

Companies House has announced a major shift in how UK companies will need to file their annual accounts. From 1st April 2027, all accounts must be submitted using commercial software, […]
August 15, 2025

HMRC sharpens focus on personal expenditure in tax returns

HMRC is expanding its efforts to ensure that only genuine business costs are claimed in self-assessment tax returns. Following a recent trial that generated over £27 million in additional tax […]
August 11, 2025

Check if you’ve claimed marginal relief in error

HMRC is actively contacting companies that may have incorrectly claimed marginal relief on their corporation tax returns. One of the most common reasons is missing or misreporting associated companies. Since April […]
August 1, 2025

Winter fuel payment update – Opt-out deadline approaching

From winter 2025/26, all pensioners in England and Wales will automatically receive the Winter Fuel Payment, a tax-free, one-off payment to support heating costs during colder months. What’s Changing? While […]
July 26, 2025

Made £1,000k+ from your ‘side hustle?’ Check if you need register for self-assessment

Is your ‘side hustle’ income over £1,000k? Whether it’s selling on Vinted, creating content, tutoring, or renting a spare room, if you’ve made more than £1,000 in additional income this […]
July 25, 2025

Upcoming changes for Employee Car Ownership Schemes

The government has confirmed that, from 6 October 2026, vehicles provided through Employee Car Ownership Schemes (ECOS) will be brought within the scope of the benefit-in-kind (BIK) regime where certain […]
July 22, 2025

HMRC policy shift: VAT on pension investment costs

From 18th June 2025, HMRC made changes to its approach to VAT recovery on pension-related costs. What’s new? Employers will now be able to reclaim all VAT on investment costs […]
July 17, 2025

Tax reminder: July 31st deadline approaching

If you’re self-employed or complete a self-assessment tax return, the second payment on account for the 2024/25 tax year is due by Wednesday 31st July. Many of you will have […]
July 16, 2025

Wealth tax? Not quite, but here’s what’s changing

Wealth tax? Not quite, but the landscape is shifting. While a formal wealth tax has not been introduced, several existing taxes are being adjusted that affect high-net-worth individuals. Here’s what […]
July 1, 2025

How winter fuel payments will be taxed from 2025/26

The UK government has confirmed a shift in how winter fuel support for pensioners will be delivered and funded. From winter 2025/26, all pensioners in England and Wales will receive […]