Business News

Celebrating Success at ‘The Probies’ 2026

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We are thrilled to announce that The Surrey Probate Practice Ltd was officially recognised at this year’s Probate Industry Awards, held this April in London. The Probate Industry Awards, affectionately known as ‘The Probies,’ celebrate the professionals who provide essential support to the bereaved. Having been shortlisted for ‘Specialist Probate Provider of the Year,’ we […]

Specialist Tax News

Loans to participators (company shareholders)

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When a close company makes a loan to a participator (in most cases, this means a company’s shareholder), and it is not repaid in the same accounting period, a corporation tax charge can arise. This is sometimes referred to as a ‘Section 455’ or ‘s.455’ charge. For loans advanced on or after 6 April 2026, […]

Specialist Tax News

Another bite of the marshmallow!

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In 2025, the Court of Appeal sent the case of Innovative Bites Ltd v HMRC to the First-tier Tribunal (FTT), telling them to determine whether ‘Mega Marshmallows’ are a “sweetened prepared food which is normally eaten with the fingers”. The VAT legislation zero‑rates food, but this excludes “confectionery”. Confectionery is defined as “any item of […]

Specialist Tax News

What qualifies for capital allowances?

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In Orsted West of Duddon Sands (UK) Limited & Ors v HMRC, the Supreme Court considered whether major pre‑construction costs could qualify for tax relief as capital allowances. The case arose from offshore wind projects where the companies spent significant amounts on environmental surveys, seabed studies and technical investigations before any turbines were built. The […]

Specialist Tax News

Stamp Duty Land Tax (SDLT): what is ‘mixed use’?

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When buying property in England, Stamp Duty Land Tax (SDLT) often represents a significant cost. One crucial distinction is whether a property is treated as purely residential or mixed‑use. Mixed‑use property includes both residential and non‑residential elements, such as a house with farmland, commercial buildings, or genuinely non‑residential land, and it is taxed at lower […]

Specialist Tax News

Diary of main tax events May / June 2026

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Date What’s Due 1 May Corporation Tax for year to 31/07/2025, unless quarterly instalments apply 19 May PAYE & NIC deductions, and CIS return and tax, for month to 05/05/2026 (due 22 May if you pay electronically) 1 June Corporation Tax for year to 31/08/2025, unless quarterly instalments apply 19 June PAYE & NIC deductions, […]