Specialist Tax News

Cryptoassets have moved into the financial mainstream, with many individuals now holding Bitcoin, Ethereum and other digital assets alongside traditional investments. However, a common misconception is
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A business can normally only reclaim VAT on the purchase of a car if the car is not available for any private use whatsoever. This is
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Certain landlords and self-employed individuals should start preparing now for the next phase of Making Tax Digital (MTD) for Income Tax. Taxpayers with qualifying income above
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Additional reporting requirements for directors of close companies came into force for Self Assessment returns from 2025/26 onwards. A close company is generally a company that
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Date What’s Due 1 October Corporation Tax for year to 31/12/2025, unless quarterly instalments apply 19 October PAYE & NIC deductions, and CIS return and tax,
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Charitable giving is something many of us will do throughout our life, but it can also plan play an important role in Inheritance Tax (IHT) planning.
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Since 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
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Prior 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
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HMRC 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
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Date 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
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Reforms to affect micro entity and small company accounts Companies House will introduce changes to accounts filing due to governmental reforms under the Economic Crime and
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Many benefits will not be mandated until April 2028 Mandatory payrolling for Benefits In Kind was originally expected to start in April 2027, but following industry
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