Keep up-to-date with accountancy news
Employee Ownership Trusts (EOTs): Why More UK Business Owners Are Choosing a Tax-Efficient Exit For many business owners, selling a company is one of the most significant financial decisions they’ll ever make. Traditionally, this meant finding an external buyer, selling to a competitor, or passing the business on to family…
Could You Be Entitled to an SDLT Refund? Buying a property that requires major renovation can be an excellent investment opportunity. However, many buyers are unaware that purchasing a property that is genuinely uninhabitable may affect the amount of Stamp Duty Land Tax (SDLT) payable and, in some cases, could…
Could the EU’s New Entry-Exit System Trigger a UK Tax Residency Investigation? The European Union’s new Entry-Exit System (EES) is designed to strengthen border security and improve the monitoring of travellers entering and leaving the Schengen Area. However, for UK holiday home owners, remote workers, expatriates and frequent travellers, the…
Could New Inheritance Tax Rules Put Family Businesses at Risk? For many business owners, succession planning is about more than protecting personal wealth. It’s about safeguarding a family legacy, preserving jobs, and ensuring that a business can be passed smoothly to the next generation. However, upcoming changes to inheritance tax…
Welcome to the July 2026 Tax Update. In this issue we take a look at the first MTD deadline, Benefits in Kind, Gov.uk Chat, VAT on public EV charging points and upcoming dates on the Accounting Horizon. MTD FOR INCOME TAX: 7 AUGUST DEADLINE IS NEAR Making Tax Digital (MTD)…
HMRC’s ‘Don’t get caught out’ campaign encourages contractors working through umbrella companies to take a closer look at their circumstances and watch out for tax avoidance. Contractors can use HMRC’s online guidance and tools to learn about tax avoidance, to understand how they are paid and how to check if…
Mandatory payrolling now to be phased in The announcement of mandatory payrolling for Benefits In Kind was originally expected to start in April 2027, but following industry pressure, it will now be introduced in two phases. Phase 1 will continue to be rolled out from 6 April 2027, with Phase…
Companies House to bring in changes to accounts filing from April 2028 Companies House will introduce changes to accounts filing due to governmental reforms under the Economic Crime and Corporate Transparency Act 2023 (ECCT Act 2023). The changes will now come into effect from April 2028, rather than April 2027,…
How can you make AI work effectively for your business? Artificial Intelligence (AI) continues to make headlines. Anthropic, the company behind chatbot Claude, has filed paperwork in the US to go public. At its last valuation, the company was worth £717 billion. AI news is not all positive, though. For…
Companies House and the IPO warn about fake payment requests Companies House and the Intellectual Property Office (IPO) are asking businesses to take special care of misleading requests for payment sent by fraudulent organisations. Invoices are being sent to companies that request payment for Companies House and IPO services. They…