Specialist Tax News

Making Tax Digital for Income Tax (MTD for IT) will be introduced from 6 April 2026. Below are some frequently asked questions and answers. Who will
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From 6 April 2025, a new regime for the taxation of UK resident non-domiciled individuals came into effect. HMRC have published a brand-new manual on the
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The Furnished Holiday Lettings (FHLs) regime was abolished on 6 April 2025. What does the abolition mean for your holiday letting property? The property will become
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Date What’s Due 1 May Corporation Tax for year to 31/07/2024, unless quarterly instalments apply. 19 May PAYE & NIC deductions, and CIS return and tax,
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On 26 March 2025, Chancellor Rachel Reeves presented her Spring Statement to parliament. Despite a backdrop of low economic growth and increasing government borrowing costs, the
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The High-Income Child Benefit Charge (HICBC) You may have to pay the HICBC if your income exceeds £60,000 and child benefit is being paid in relation
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Employer National Insurance Contributions (NICs) Please remember that the significant changes to the NICs paid by employers will start to apply from 6 April 2025. An
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As we head into 2025/26, it should be remembered that, for most sales of capital assets, CGT will apply at 18% for basic rate taxpayers and
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Electronic invoicing The government has recently launched a consultation on the possible advantages of e-invoicing, which include productivity enhancements, cashflow acceleration and error reductions. It also
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Research and Development (R&D) tax reliefs With ongoing focus on the availability of R&D tax reliefs and companies' eligibility to claim them, the government is now
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England and Northern Ireland If you are planning to purchase residential property, remember that the SDLT thresholds will change from 1 April 2025. In particular, a
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Modernising HMRC As part of the government’s ‘Plan For Change’, steps are being taken towards modernising HMRC, to improve value for money, enhance efficiencies and support
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