MTD is now upon us
HMRC’s flagship tax regime Making Tax Digital for Income Tax (MTD for IT) is now approaching at breakneck speed. The new tax regime will include all businesses and individuals with accounting years starting on 1st or 6th April 2026, at least for those who had a combined turnover from self-employment and property in excess of […]
VAT ON CHARGING YOUR EV
Today’s Blog came about following some research I was doing on the relative costs of an EV and I came upon a report of a recent Tax Tribunal that was highly relevant. This case concerned a public charging point operator (Charge My Street Limited aka CMS) who was charging VAT to its customers at the […]
Should you save, invest or overpay your mortgage?
Today’s Blog is targeted at the lucky cohort of individuals would have bought their own home, albeit with probably a hefty mortgage from their bank, and who have some spare income or perhaps a lump sum that’s been saved up. The question is, do you save your extra cash, invest it or use it to […]
Employment Rights Act 2025
Labour’s flagship policy on employment, as encapsulated in ‘The Employment Rights Act 2025’, is now in force. As is usual with political parties, the implementation of some of the more controversial changes, have been delayed until April 2026, and a quite a few until 2027. So, if you’re an employer, what do you need to […]
Could there be a perfect tax system?
There just might be, according to The Centre for the Analysis of Taxation or CenTax, but first, who are they? Well, CenTax is an independent organisation, largely funded by private philanthropic support, with some state funding. It was set up to improve the public’s understanding of tax policy and help to design a better tax […]
Companies House delay compulsory P&L submissions
Until last week, small companies and micro entities (known as SME’s) were expecting a mandatory requirement to file their profit and loss accounts with Companies House (CH) from April 2027. The good news is that this will no longer be the case, but that does not mean that the law change will not be brought […]
How you file your tax return is changing
Like the proverbial bad penny, the end of the tax season has once again has crept up on us, with the self-assessment deadline having passed last Saturday. Regrettably, once again, over a million taxpayers missed the 31st January deadline for filing their Self-Assessment tax returns, resulting in all of them receiving £100 late filing penalties […]
YouTuber uses AI to pose as tax specialist
Artificial Intelligence (AI) has been heralded by many as a huge boon to humankind by offering significant benefits, primarily through automation of repetitive tasks, enhanced efficiency and superior data analysis. It is claimed that AI leads to reduced human error, better decision-making, and cost savings across a variety of industries, such as finance and banking. […]
Is the value of your state pension under threat?
It’s common knowledge that the state pension has an annual increase every April, but I suspect that very few of you fully understand the mechanisms involved in calculating the annual rise percentage, which is normally announced in November, for the following year. Unfortunately, whilst the headline percentage increase for 2026/27 of 4.8%, was splashed all […]
Starmer U-turns on farm tax
Farmers got an unexpected early Christmas present on 23rd December, when the government announced that the threshold for Agricultural and Business Property Reliefs, dubbed the ‘farm tax’ by many, will be increased from £1m to £2.5m when it’s introduced in April 2026. The heavy braking on this policy was more akin to a tractor performing the same […]
