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...
Act now on your clients’ MVLs to beat the tax changes
These changes will directly affect the tax reliefs available to clients seeking to liquidate their solvent companies using an MVL. Marco...
What does the business rate relief cut mean for retail and hospitality?
At a glance Retail, Hospitality and Leisure Relief (RHLR) to be reduced to 40% from April 2025 Small businesses likely to be hit the hardest,...
Spring Forecast set for 26 March – with ‘no tax changes’
A ‘Spring Forecast’ will take place on 26 March 2025, but without any major tax policy updates. Budget 2024 key points Introduced in the Budget...
SDLT: Where are we now?
SDLT is indeed a tiered tax, with the result that different parts of the property’s purchase price are taxed at progressively higher SDLT rates....
What questions will HMRC ask your client?
HMRC will ask “open questions” in order to avoid simple “yes” or “no” answers. That said, where it is important to consolidate an...
What to do if your client receives a letter from HMRC about the Loan Charge offering a Standstill Agreement
Paul Malin, owner, Paul Malin Consultancy One HMRC employee has now been assigned over 18,000 of these cases to now pursue! With many of these...
Strategic plans to futureproof small business
Planning for the future enables small- and medium-sized practices (SMPs) to build resilience, quality, and staff satisfaction. Some of the best...
Wales plans a tourism tax from 2027 – what it means for visitors and communities
The Welsh government is set to introduce a visitor levy, or tourism tax, from 2027. Outlined in a new bill, visitors could pay £1.25 per night...
How to choose the right tax agent
At a glance Look for a tax agent with experience and expertise that aligns with your business needs. Ask for past client testimonials, reviews or...
What do accountancy professionals think of the Budget?
At a glance Accountancy experts’ reactions to the Budget and its impacts on their clients were mixed Tax hikes were considered likely to drive up...
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