In a recent First Tier Tribunal case, Charlotte MacDonald v HMRC, a taxpayer was denied sideways loss relief for losses that she had incurred when organising an annual ‘woodland shoot’ on an estate because the activities were not carried on with a view to the realisation of profits. A taxpayer can offset trading losses against […]

The table below sets out the HMRC advisory fuel rates from 1 September 2025. These are the suggested reimbursement rates for employees’ private mileage using their company car. Where the employer does not pay for any fuel for the company car, these are the amounts that can be reimbursed in respect of business journeys without […]

Date What’s Due 1 October Corporation Tax for year to 31/12/2024, unless quarterly instalments apply 5 October Deadline for notifying HMRC of chargeability, if not already within Self-Assessment, for 2024/25 19 October PAYE & NIC deductions, and CIS return and tax, for month to 05/10/2025 (due 22/10 if you pay electronically) 1 November Corporation Tax […]

HMRC will be running a digital campaign aimed at encouraging accurate private use adjustments of business expenses that are reported via Self Assessment returns. To be allowable for tax, expenses must be ‘wholly and exclusively‘ incurred for the purposes of the business, with any appropriate adjustments being made for private use. Expense claims should therefore […]

The Department for Business and Trade (DBT) has announced that major reforms to Statutory Sick Pay (SSP) will take effect from April 2026. The reforms will enhance employee rights but potentially raise costs for employers. The key changes are: SSP will be payable from the first day of sickness absence (currently SSP is payable after […]

HMRC have issued a warning to taxpayers to be vigilant of tax agents offering to secure Stamp Duty Land Tax (SDLT) repayments on certain property purchases. The warning reminds property buyers to be aware of tax agents claiming that, for a fee, SDLT can be reclaimed on residential property purchases when they are in need […]

Individuals born before 22 September 1959 and living in England, Wales or Northern Ireland are likely to be entitled to a Winter Fuel Payment (WFP) of between £100 and £300 for this upcoming winter (2025-26). Payments will be made in November or December 2025. However, HMRC will claw back (or “recover”) the WFP if the […]

We are aware that HMRC is challenging retailers that supply flooring, kitchens, and bathrooms where the retailer refers the customer to third party contractors for fitting services. Typically, HMRC will argue that a single supply of goods and fitting services is being made by the retailer. In many cases, the third-party fitters are not registered […]

Date What’s Due 1 September Corporation Tax for year to 30/11/2024, unless quarterly instalments apply 19 September PAYE & NIC deductions, and CIS return and tax, for month to 05/09/2025 (due 22/09 if you pay electronically) 1 October Corporation Tax for year to 31/12/2024, unless quarterly instalments apply 5 October Deadline for notifying HMRC of […]

On ‘Legislation Day’ (21 July 2025), HM Treasury released a range of draft legislation and tax documents. The key measures to be implemented by the new legislation can be categorised into the following areas: Closing the tax gap Several measures are proposed that will target tax avoidance. In addition, tax agents will be required to […]