Specialist Tax News

29 January 2026

There’s still time for some year end tax planning!

With the tax/financial year end approaching, now is a good time to check that you’re making the most of the available reliefs and allowances available to

29 January 2026

MTD for income tax – nearly there!

Making Tax Digital (MTD) for income tax will be mandated for a large group of self assessment taxpayers from 6 April 2026, with even more individuals

29 January 2026

Employment expenses

From 6 April 2026, it will no longer be possible for employees to claim tax relief against their employment earnings for the costs of working from

29 January 2026

Supreme Court rules against Hotel la Tour

In a recent ruling, the Supreme Court dismissed Hotel la Tour Ltd’s appeal in which they argued that they were allowed to reclaim input VAT incurred

29 January 2026

Diary of main tax events February / March 2026

Date What’s Due 1 February Corporation tax for year to 30/04/2025, unless quarterly instalments apply. 19 February PAYE & NIC deductions, and CIS return and tax,

01 December 2025

Autumn Budget 2025

On 26 November 2025, Chancellor Rachel Reeves presented her second Budget to Parliament. After the tax-raising budget of 2024, it had been hoped by the government

01 December 2025

Taxes on income – individuals

Your personal allowance Your tax-free personal allowance will remain at £12,570 in 2026/27. The personal allowance is partially withdrawn if your income is over £100,000 and

01 December 2025

Digital record keeping and quarterly reporting requirements for traders and landlords (“MTD”)

Updates are continuing to come through on HMRC’s ‘Making Tax Digital for Income Tax’ (‘MTD for IT’) initiative. It will initially apply from 6 April 2026

01 December 2025

Minimum wage rates

The minimum hourly rates that employers must pay their employees go up from 1 April 2026. Employers must pay their employees at least these minimum rates

01 December 2025

Employment taxes

National Insurance Contributions (NICs) NICs deducted from employee wages remain at the same levels as we head into 2026/27. This means that, for employees, no NICs

01 December 2025

Capital Gains Tax (CGT)

As we head into 2026/27, it should be remembered that, for most sales of capital assets, CGT will apply at 18% for basic rate taxpayers and

01 December 2025

Inheritance tax (IHT)

IHT can apply to certain lifetime transfers/gifts and also on the value of an individual’s estate at the time of death. The IHT nil rate band