Tax News

New proposals recommend regular ITSA tax payments from 2029


A new consultation paper from the Government has set out how Income Tax Self Assessment (ITSA) payments could move to ...

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MTD is here – What happens if you miss the first deadline on 7 August?


Making Tax Digital (MTD) for Income Tax became mandatory this year for sole traders and landlords with qualifying income over ...

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Parents with teenagers could lose out on Child Benefit after 31 August


If you or any of your employees have children aged 16 to 19, it is worth noting an important HMRC ...

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I have received a HMRC enquiry letter – What do I do now?


HMRC enquiry letters are sent to individuals to notify them that HMRC has chosen to formally investigate their tax affairs. ...

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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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