Latest Blogs

Mandating the Reporting of Employment Benefits and Expenses The mandatory payrolling of employment benefits and expenses was due to be introduced from 6th April 2026. However, the Government has recently announced that this will now be delayed one year to 6th April 2027.   The Government has acknowledged that employers, payroll professionals and agents needed…

Redefining ‘Exceptional Circumstances’: A Human-Centric Approach to the Statutory Residence Test (SRT)   The case of ‘A Taxpayer v HMRC [2025]’ is a significant decision by the Court of Appeal redefining the interpretation of ‘exceptional circumstances’ for the purposes of the UK’s Statutory Residence Test (SRT), and rules that a sufficiently compelling moral obligation can…

Happy New Tax Year!   Now that the new tax year has begun it is time to look at taking advantage of the tax opportunities provided by the renewal of your tax allowances whilst also being the best time to gather and prepare your information for the previous tax year (2024/25).   We will be…

Following Rachel Reeves’ recent Spring Statement, it is clear the government will be cracking down harder on tax advisors, unveiling a 6- week consultation to give HMRC more power to tackle those facilitating non-compliance. Proposals are set to increase scrutiny and issue fines of up to £3,000 a day on UK firms if HMRC suspect…

As I am sure we are all aware, HMRC are able to open investigations into the accuracy of tax returns, VAT returns, payroll, etc. via targeted, or random tax enquiries. With an ever increasing budget deficit we fully expect HMRC to raise more enquiries in the coming years to increase tax revenues.   How Can…

The UK government’s Making Tax Digital (MTD) initiative aims to modernise the tax system by requiring individuals and businesses to maintain digital records and submit regular updates to HM Revenue & Customs (HMRC). Initially, MTD for Income Tax Self-Assessment (ITSA) was set to apply to sole traders and landlords with income over £50,000 from April…

After being fixed at £85k for the last 8 years, w.e.f 1 December 2025, the FCA are consulting on increasing the Financial Services Compensation Scheme limit to £110k.   This is a very useful Government protection scheme, giving depositors security up to this level on amounts invested with each bank or building society. In the…

Employment Related Securities (‘ERS’) are securities that are acquired in connection with an employment. The ERS legislation aims to tax as employment income any value received by reason of an office or employment on the acquisition, holding or disposal of shares and other securities.   The term securities is broad and includes shares, debentures, loan…

With the Capital Gains Tax changes that were bought in during the Autumn Budget (30th October 2024) the government announced anti-forestalling measures to stop taxpayers pre-empting the increase in Capital Gains Tax by using unconditional contracts to use the previous lower rates of Capital Gains Tax.   These changes will cover all asset disposal types…

In an effort to simplify High Income Child Benefit Charge (HICBC), HMRC will allow HICBC to be paid, via the tax code from 2025.  This means that employed individuals receiving Child Benefit will may no longer need to register for self assessment. Who Will This Benefit? Employed individuals earning over £60,000, who are in receipt…