Latest Blogs

In a previous article, I highlighted the potential interaction between Inheritance Tax (IHT) and Income Tax where an individual dies aged 75 or over. Since then, further clarification has emerged regarding how the IHT liability will be apportioned between the deceased’s estate and pension benefits.   Whilst the overall tax burden remains significant, the effective…

Which pension provider you chose to use will dictate the type of pension you operate. Here’s a brief overview of the main types of pension on offer.   Relief at Source (RAS) As used by the more traditional pension companies and also mainly used by Nest and People’s Pension.   Contributions are deducted from pay…

For over 10 years now, many Government contracts (where valued over £12k) are advertised via a bespoke online portal: https://www.gov.uk/contracts-finder   From a quick search today, there are nearly 700 opportunities on there, ranging in value, in sectors as diverse as from taxi driving to construction.   As well as performing one-off searches, rather helpfully,…

Intercompany transactions often arise when working with UK subsidiaries of international groups.   For many UK subsidiaries, these transactions are part of day-to-day business and can take many forms such as: Management costs recharged from parent company to UK subsidiary One group company settling an invoice on behalf of another Intercompany loans Payroll and staff…

HMRC has announced changes to the approved mileage allowance payment (MAP), which can be backdated to the start of the 2026-27 tax year. Rates have: Increased to 55p per mile for first 10,000 miles Remained at 25p per mile after 10,000 miles   The NI contributions disregard for Relevant Motoring Expenses have also increased to…

Many charities are required to file a tax return. Some are required to do so because their non-primary purpose trading income exceeds the small trading exemption limits, whilst others may receive a notice to file from HMRC. In either case, where a registered charity or Community Amateur Sports Club (CASC) submits a corporation tax return,…

This is a reminder that the new £30 million Farmer Collaboration Fund opens on 1st September 2026, so it’s time to get those applications sorted ready to apply.   If you are considering submitting an application, please read the official rules and criteria before doing so: https://www.gov.uk/government/publications/farmer-collaboration-fund/farmer-collaboration-fund-applicants-guide   Please note that applications close on 30th…

HMRC Opens MTD for IT Exemption Application Window for Those Joining MTD for IT in 2027   HMRC has opened the application process for taxpayers who may qualify for an exemption from Making Tax Digital for Income Tax (MTD for IT) and who are due to join the regime from 6 April 2027. This applies…

Although the colour of the rosette has not changed, the views of those now leading the Government appear to have shifted. As a result, there is growing speculation that the announcements within the Autumn 2026 Budget could contain further significant tax reforms, adding to changes already announced, which have included restrictions to Agricultural Property Relief…

HMRC have announced changes to the rules on which trusts are required to register on the Trust Registration Service (TRS). Low-value trusts From 30 June 2026, a new general exemption from the TRS is available for certain low-value trusts.   A trust may qualify under this new exemption if it: Does not hold any UK…