Save the date for an elegant evening of entertainment and fundraising
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The Surrey Probate Practice is delighted to sponsor The Purple Ball this year and invites you to join them on Saturday, 14th November 2026.
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Questions over future tax changes under new prime minister Andy Burnham
Posted onSince becoming Prime Minister, Andy Burnham has made cost-of-living support a key focus. One headline measure announced this month is the planned removal of VAT on household electricity from October 2026, which the Government estimates could reduce average household bills by around £45 a year. Household electricity is currently subject to VAT at 5%. At […]
HMRC’s 2026 tax update
Posted onPrior to Andy Burnham’s appointment as Prime Minister and the appointment of John Healey as Chancellor, HMRC published a raft of consultations and policy announcements on 23 June 2026. The wide-ranging package of consultations and policy announcements was aimed at making the tax system simpler, more digital and, in HMRC’s words, fairer. While many of […]
HMRC targets side hustle income
Posted onHMRC has launched a fresh summer campaign reminding people with “side hustles” that extra income may need to be reported for tax purposes. The announcement specifically highlights people earning income from wedding services, online selling, content creation, freelancing and similar activities. The key figure remains the £1,000 trading allowance. If total income from side activities […]
Diary of main tax events August/September 2026
Posted onDate What’s Due 1 August Corporation Tax for year to 31/10/2025, unless quarterly instalments apply 7 August Deadline for the 2026/27 first Quarterly Update, required for those already mandated into MTD for Income Tax 19 August PAYE & NIC deductions, and CIS return and tax, for month to 05/08/2026 (due 22 August if you pay […]
TWP urges Surrey business owners to not leave exit planning too late
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Surrey-based TWP Accounting is urging business owners across the region to begin planning their exit years before they intend to sell or step back. TWP Accounting says that with 5.7 million private sector businesses operating in the UK it means that there are many business owners who are unprepared for the potential lifestyle and tax […]
Managing your portfolio after a divorce
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Once your marriage or civil partnership has come to an end, there will be many things that have to be adapted to suit your new way of life. Whether you are set to be single for a time or are embarking on a new relationship, one thing that cannot wait is your financial portfolio. Failing […]
Treasury finally confirms a 22 per cent tax on cash interest on Stocks and Shares ISAs
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In a shocking turn of events, Rachel Reeves has confirmed the ISA tax that the Treasury previously deemed ‘nonsense’. From April 2027, savers could face a 22 per cent tax on interest earned from uninvested cash held in a Stocks and Shares ISA. What changes are being made to ISAs? The Autumn Budget confirmed several […]
Less than a month left until the MTD reporting deadline, are you ready?
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The first official deadline for Making Tax Digital (MTD) for Income Tax is 7 August 2026. By this point, if you are a sole trader or landlord earning over £50,000 a year, you must have registered and filed your first quarterly report to HMRC. What is MTD? HMRC introduced MTD in an attempt to modernise […]
Small businesses to face new Companies House account filing rules from April 2028
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After months of delays, the Government has finally confirmed how the Economic Crime and Corporate Transparency Act 2023 (EECTA) will change the way small businesses report their finances to Companies House. The new rules take effect from 1 April 2028 and will affect small companies and micro-entities across the UK. Profit and Loss (P&L) accounts […]
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