The writing-down allowance (WDA) for capital assets will be lowered from April 2026 and a new first year allowance is introduced
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The Chancellor has announced significant and welcome changes for individuals facing tax bills under the loan charge
Continue ReadingFrom April 2028 residential properties valued at £2m or more will attract a new high value council tax surcharge
Continue ReadingThe Chancellor will add two percentage points to the rates of tax paid on income received from dividends, savings and property
Continue ReadingMany employers offer salary sacrifice schemes enabling employees to give up some of their salary in exchange for an equivalent employer's contribution into their pension
Continue ReadingTaxpayers can use HMRC's new online service to register for the high income child benefit charge to be collected automatically from their payslip.
Continue ReadingIf you drive an electric or plug-in hybrid car you will have to pay a new mileage-based charge from April 2028
Continue ReadingIf you owe income tax that cannot be collected automatically via PAYE, such as tax on bank interest or the state pension, HMRC may send you a simple assessment notice
Continue ReadingDraft legislation has been published giving more insight into how and when proposed restrictions to two major inheritance tax (IHT) reliefs will be implemented
Continue ReadingFrom January 2026 UK businesses facilitating cryptoasset exchanges must collect user and transaction data and report it to HMRC under the new cryptoasset reporting framework (CARF)
Continue ReadingHMRC has published draft legislation aimed at tightening rules around umbrella companies in a bid to increase accountability, protect workers and ensure the correct tax is paid across the labour supply chain
Continue ReadingHMRC has confirmed that companies will not have to comply with the requirements of Making Tax Digital (MTD) for corporation tax (CT) purposes
Continue ReadingIn just over six months the first group of taxpayers will be required to join HMRC's Making Tax Digital for income tax (MTD IT) programme
Continue ReadingThousands of eligible pensioners will receive a Winter Fuel Payment this winter. Whether or not you can keep the money will depend on your taxable income.
Continue ReadingThe issue affecting many self-employed taxpayers in relation to Class 2 national insurance contributions (NICs) is unlikely to be resolved before the end of September
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