by Gary Woosey | Apr 22, 2025 | Blog, Tax, VAT
Across the major taxes, HM Revenue & Customs (HMRC) issues penalties when tax is not filed or paid on time. The specific rules vary by tax type, but late submission or payment will cost you. Let’s look at what has changed, particularly under Making Tax Digital...
by Gary Woosey | Apr 15, 2025 | Blog
The Autumn Budget announced significant changes to reduce Agricultural Property Relief (APR) and Business Property Relief (BPR) under Inheritance Tax (IHT). Effective from April 2026, the new rules abolish the unlimited 100 per cent tax relief on agricultural and...
by Gary Woosey | Apr 8, 2025 | Blog
As global stock markets reel in response to US President Donald Trump’s sweeping new tariffs, many UK businesses may assume this is a crisis confined to Wall Street or the multinational giants. However, Monday’s sharp market downturn has shown that these developments...
by Gary Woosey | Apr 1, 2025 | Blog
From 6 April 2025, directors of close companies will face a notable change in how they report dividend income on their Self-Assessment tax returns. Under the updated rules introduced by HM Revenue & Customs (HMRC), more detail will be required and is a change set...
by Gary Woosey | Mar 26, 2025 | Blog
Chancellor Rachel Reeves today delivered her Spring Statement, outlining the Labour Government’s economic priorities and reaffirming a commitment to fiscal discipline and long-term investment. Billed as the start of a “decade of national renewal,” the Statement...
