Latest News

A couple of our clients have recently received ‘VAT repayment allowance’ scam letters, supposedly from HMRC. At first glance, these letters appear quite convincing, even providing a genuine link to VAT manuals for HMRC staff. Perhaps the biggest give away is the website the letter redirects you to (i.e. not starting with the usual gov.uk…

From 1 April 2026, HMRC will formally close its free online filing service currently used for submitting Corporation Tax returns (CT600’s) and annual accounts. This marks a significant shift in how companies interact with HMRC, and it is important that all businesses are aware of the upcoming change to avoid any disruption to their statutory…

In an effort to tackle potential tax loss and improve transparency, the UK government have unveiled new proposals requiring close companies (a company controlled by 5 or fewer participators) to report transactions with participators to HMRC.   Concerns over how close companies engage with their participators has resulted in HMRC publishing a consultation document, inviting…

What you need to know now 6th April 2026 has arrived Making Tax Digital for Income Tax (MTD for IT) is no longer a distant change on the horizon — it’s officially here, and the rollout begins 6 April 2026. Whether you’re a sole trader, or landlord, this shift marks one of the biggest changes…

A new financial year comes with the renewal of individuals annual tax allowances. Below is a reminder of the allowances that will be refreshed on 6th April 2026 and which of these can be carried forward if they were not utilised in 2025/26.   Income Tax Personal Allowance = £12,570 Note – Please note that…

Recognising the People and Businesses Behind Fenland’s Success On Friday 13th March, I attended the 2026 Fenland Citizen Business Awards. Along with my colleagues, we represented the Whitings Group as Headline Sponsors of the event.   We are proud to support an event that celebrates Fenland’s business community. Hearing the stories behind the finalists and…

On 16th March 2026, Bethan Hassey and I (Jasmine Ager) from the Bury St Edmunds office visited Abbeygate Sixth Form College to deliver an informative presentation to four Year 12 Maths classes to introduce them to the world of accountancy.   Our presentation provided the students with a valuable insight into Whitings LLP and highlighted…

Final call for those employers who have expressed an interest in payrolling benefits for the 2026-27 tax year.   Anyone wishing to register their benefits for 2026-27 tax year needs to do so by 5th April 2026. From April 2027 it will be compulsory for all benefits (with the possible exceptions of preferential loans and…

It’s the question which many start-ups ask themselves, ‘Should I be a Sole Trader or a Limited Company?’   It’s something that we, here at Whitings, are more than happy to advise on and help you with. So whether this is your first business venture or you’ve had businesses before, it’s always helpful to receive advice…

Tax payers who are mandated into MTD for IT are those who submitted a Self Assessment Tax Return for the year 2024/25 with total qualifying income from sole trade or property in excess of £50,000.   There are cases where these income levels may have dropped below the £50,000 threshold or ceased completely. Here are…