Starting in April 2026, sole traders whose yearly revenue (sales, not profit) exceeds £50,000 must...
Read Article 20th Dec 2024
22nd Nov 2024
Furnished Holiday Lettings Regime Abolished
HMRC has published a draft legislation explaining how the abolition of the special tax rules for fu...
Read Article 5th Nov 2024
Autumn Budget 2024 Overview
On 30 October 2024, Rachel Reeves delivered her first Budget as Chancellor and the first Budget fro...
Read Article 25th Oct 2024
Corporation Tax Small Profits Rate
From the 1st of April 2023, two rates of corporation tax (CT) apply - a main rate of 25% and a smal...
Read Article 10th Oct 2024
RTI Reporting Changes Delayed
HMRC has delayed planned changes to real-time information (RTI) reporting requirements for employee...
Read Article 20th Sep 2024
Important New MTD Updates For Landlords
From April 2026, sole traders and landlords with a qualifying income over £50,000 will now have to...
Read Article 10th Sep 2024
Changes To The High-Income Child Benefit Tax Charge
On the 6th of April 2024, the clawback threshold for the high-income child benefit charge (HICBC) w...
Read Article 30th Aug 2024
Major Research And Development Tax Relief Reform
Last year, the Government confirmed its intention to proceed with a single merged research and deve...
Read Article 16th Aug 2024
Cash Basis Becomes Default Accounting Method
'Cash basis' is a way to work out your income and expenses for your Self Assessment tax return, if...
Read Article 29th Jul 2024
Claiming Capital Allowances In Partnerships
HMRC has clarified the rules relating to capital allowances claims in mixed partnerships, confirmin...
Read Article 15th Jul 2024
Energy Saving Materials Relief Extended From February 2024
Following the Spring Budget 2023, HMRC began exploring how the scope of the VAT zero rate for the...
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