TOPIC
MTD for IT’s slower countdown: a mixed blessing?
At a glance Mandatory software filing for company accounts begins 1 April 2027. The changes aim to increase transparency. Small companies will no longer be able to file abridged accounts. Some firms face new software costs. Making Tax Digital (MTD) for Income Tax...
Succession planning, without the drama
At a glance Establish formal structures to separate business decisions from family matters. Address succession early and openly by creating a...
Housebuyers hate stamp duty. Why hasn’t it been reformed before now?
But now the UK government is said to be considering a change to stamp duty so that it is only paid on houses selling for more than £500,000. This...
AI stars prepare for a new game
At a glance Generative AI is now being tailored for specific industries like finance and accounting. Early examples include Microsoft’s Copilot...
HMRC disputes: When to settle, when to fight
At a glance HMRC disputes are common, stressful, and require a pragmatic approach from accountants. Respond promptly to HMRC within 30 days with...
Programmable money is here. Is the UK ready?
At a glance Stablecoins are digital currencies pegged to traditional money like the pound or dollar. They enable fast, cheap international...
The deepfake threat facing accountancy firms
You’ve run your AML processes. No flags on sanctions lists. Politically exposed person (PEP) checks clear. The ID documents match. Everything...
HMRC wins £920k VAT dispute with London builder
At the First Tier Tribunal (FTT), the owner of Harry Construction Limited (HCL), of North London, accepted that ‘the VAT losses arose through...
HMRC’s digital overhaul: What agents need to know
By Carlos Delgado, CC BY-SA 3.0, Link At a glance HMRC aims for 90% digital interactions by 2030. Agents will gain new digital tools and advanced...
The UK tax problems that can follow an untimely death and how to deal with them
They say that there are only two things certain in life – death and taxes! While we can fly to the moon, we cannot predict when we might die, so...
Strategic planning for clients after April’s CGT changes
At a glance Capital gains tax rises are affecting owner-managed businesses and high-net-worth individuals. Proactively planning for the changes...
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