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The 2025 Autumn Budget brought significant changes for electric vehicle owners from April 2028.   From April 2028 electric car drivers will pay a road charge of 3p per mile, while plug-in-hybrid drivers will pay 1.5p per mile, with the rates going up each year with inflation.   The new rate for electric vehicle owners…

From April 2027 landlords will face increased property tax rates. Property income will become subject to rates of 22% (basic rate), 42% (higher rate) and 47% (additional rate). This is an increase of 2% across all tax bands compared to current rates. Finance cost relief will remain and will be restricted to the property basic…

The Employment Rights Bill received “Royal Assent” on 18th December 2025 and is now known as the Employment Rights Act 2025. The Act will include additions and amendments to the existing legislation of the Employment Rights Act 1996. Changes to the Employment law included within the Act will take place over the next 2 years.…

With effect from 1 December 2025 the Financial Services Compensation Scheme (FSCS) deposit protection limit increased from £85,000 to £120,000. This is the first increase since 2017.   Savers, both individuals and companies, will now have more protection if their bank, building society, or credit union collapses, as the Bank of England effectively underwrites lost…

We’re explaining Making Tax Digital for Income Tax for sole traders and landlords ahead of its introduction in 2026. You will have seen lots of information online about Making Tax Digital for Income Tax. What does it actually mean, what will you need to do differently and what will stay the same? Read on to…

With 31st January 2026 soon approaching, it is important to ensure that you make payment of your Self Assessment Tax that is due before this deadline to avoid interest on late payments.   You can find ways to pay here: https://www.gov.uk/pay-self-assessment-tax-bill.   If making payment by debit or credit card, you will need to quote…

31st January 2026 Self-Assessment electronic filing & payment deadline The forthcoming Self-Assessment payment & electronic filing deadline of 31st January 2026 is just a few weeks away, in respect of 2024/25 tax returns. This deadline applies to the: Electronic submission of an individual’s, partnership’s, estate’s and/or Trust’s 2024/25 Self-Assessment tax return to HMRC, Payment of 2024/25 (balancing) tax…

Hot off the Press! My inbox is becoming inundated with announcement emails from the CLA, NFU and Farmers Weekly claiming victory over the government, as they announce that the £1m APR & BPR limits will increase to £2.5m from April 2026.   Whilst many have already now undertaken planning to mitigate as much of their…

Businesses and their staff will have already had, or will be looking forward to their annual company Christmas parties in the next few weeks. Providing all of the following criteria are met, the annual event is free of PAYE tax and National Insurance contributions (NIC) for the employee, and is treated as a non-taxable benefit in…

A small but potentially significant change in the 2025 Autumn Budget has largely slipped under the radar. HMRC have tightened the anti-avoidance rules for share exchanges and company reconstructions, expanding its ability to challenge transactions that would previously have been treated as tax neutral. Although the update may appear minor at first glance, it could…