Income Tax trap to snare 17.9 million people by 2027
Posted by Jon Pryse-Jones on April 17, 2025Recently, HMRC announced plans that would mean over 200,000 people with side hustles won’t have to complete Self-Assessment Tax Returns. Unfortunately, any administrative gains by the end of this parliament will be more than obliterated by an extra 17.9 million Britons who will fall into the Income Tax trap. Income tax trap statistics The huge
Furnished holiday let tax warning
Posted by Jon Pryse-Jones on April 14, 2025If you jointly own a rental property with a spouse or civil partner, you may want to take heed of this furnished holiday let tax warning.
Tax changes for 2025/26: what you need to know
Posted by Ben Locker on April 7, 2025In this post, we look at the most important tax changes that have come into force for the 2025/26 tax year.
Making Tax Digital changes to affect sole traders & landlords
Posted by Ben Locker on March 31, 2025In the 2024 Spring Statement, the Chancellor announced Making Tax Digital changes. We look at what they are and how they could affect you.
Treasury to launch tax whistleblowing scheme
Posted by Jon Pryse-Jones on March 25, 2025Government has announced it will launch a new tax whistleblowing scheme later during 2025. We look at how it might work.
Equity release and Inheritance Tax – be careful!
Posted by Jon Pryse-Jones on March 17, 2025Equity release and Inheritance Tax don’t always go well together – sometime equity release can end up costing you more than your IHT bill.
HMRC tax Investigations – make sure you are covered!
Posted by Mark Boulter on March 17, 2025HMRC have increased their computing capacity making them more efficient at conducting tax investigations for all size businesses.
HMRC and Companies House joint filing service to end
Posted by Mark Ingle on March 11, 2025HMRC and Companies House have announced their online joint filing service for company accounts and tax returns will end from March 2026.
E-invoicing consultation – have your say
Posted by Jon Pryse-Jones on February 18, 2025Government is consulting on whether e-invoicing should be compulsory in the UK – and whether businesses should share invoice data with HMRC.
Tax on wine has just gone up!
Posted by Ben Locker on February 4, 2025From 1st February 2025, tax on wine has changed. From now, tax on higher strength wines will make them more expensive.
