Tax News

Accountants are best placed to offer ongoing Making Tax Digital support


By Craig Reid, Partner  Alongside record-breaking temperatures, this summer will see the first official deadline for Making Tax Digital (MTD) ...

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Treasury finally confirms a 22 per cent tax on cash interest on Stocks and Shares ISAs


In a shocking turn of events, Rachel Reeves has confirmed the ISA tax that the Treasury previously deemed ‘nonsense’. From ...

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Less than a month left until the MTD reporting deadline, are you ready?


The first official deadline for Making Tax Digital (MTD) for Income Tax is 7 August 2026. By this point, if ...

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Employee Ownership Trusts – What business owners need to know


With more than 2,400 businesses now operating through an Employee Ownership Trust (EOT) structure, this has become a mainstream option ...

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Should I gift a lump sum from my pension to family? Understanding the Inheritance Tax implications


You are likely aware of the upcoming inclusion of unspent pension pots for Inheritance Tax (IHT) calculations from 6 April ...

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Classic cars, jewellery and handbags – How high luxury is accounted for in Inheritance Tax


Inheritance Tax (IHT) is paid on all items of your estate after you pass away if you exceed certain thresholds. ...

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Government summer savings spree adds complexity to VAT for hospitality and tourism


When Rachel Reeves announced a temporary cut in VAT from 20 per cent to five per cent for family attractions ...

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Salary sacrifice cap and the squeezed middle


The £2,000 cap on National Insurance (NI) free salary sacrifice pension contributions was sold as a tax on high earners ...

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The hidden savings tax trap and why changes to ISAs make it harder to put money away


Do you know what your Personal Savings Allowance is? While most taxpayers in the UK will know the thresholds for ...

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