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Financial Reporting: Major Changes for Business Sizes Take Effect
Significant changes affecting financial reporting have kicked in, meaning many businesses may be re-classified in terms of their sizes. The thresholds to determine whether a
Government Climbdown on Inheritance Tax for Family Firms
Last updated: 14 October 2026 What was the government’s climbdown on Inheritance Tax for family firms? On 23 December 2025, the government announced that the
Government Facing Legal Challenges Over ‘Family Farms Tax’
Last updated: 14 October 2026 How does the 2026 cut to farm Inheritance Tax relief affect farmers? From 6 April 2026, 100% agricultural property relief
Government Rejects Call to Raise Pensioners’ Tax-Free Allowance
Last updated: 14 October 2026 Has the government agreed to raise the tax-free allowance for pensioners? No. The government has rejected calls for a separate,
HMRC Could Get New Powers in Tax Avoidance Clampdown
Last updated: 16 October 2026 What powers does HMRC have to tackle tax avoidance and deliberate defaulters? HMRC has wide powers against tax avoidance and
HMRC Criticised for Time Taken to Process Tax Refunds
Last updated: 14 October 2026 How long does HMRC take to process tax refunds? Most Self Assessment refunds are repaid within about 2 to 4
HMRC Helpline Axe Saga Rumbles on as Closure Looms Again
The saga over whether HMRC will axe its tax helpline continues to rumble on, with the latest comments suggesting it may still close after all.
HMRC is Chasing Down the Gig-Economy
HMRC is writing to online sellers, gig economy workers, and influencers, asking them for unpaid taxes. There are two versions of the HMRC letter. This
HMRC Issues Warning on Electronic Sales Suppression Software
Last updated: 16 October 2026 What is electronic sales suppression, and why does HMRC warn about it? Electronic sales suppression (ESS) is the use of
HMRC Issues ‘Tax Refund Companies’ Alert
Last updated: 14 October 2026 Is a message from HMRC about a company tax refund genuine? Be careful. HMRC does repay overpaid corporation tax, VAT
HMRC Questions Claims for Lettings Relief
Last updated: 16 October 2026 Why is HMRC questioning lettings relief claims? HMRC writes to taxpayers who claimed lettings relief when selling a let property
HMRC Tax Purposes
Last updated: 16 October 2026 When can you write off a bad debt for tax purposes? For income tax and corporation tax, you can write
HMRC’s ‘Help for Hustles’ Campaign
This is a recent initiative by HMRC. The campaign is designed to assist individuals who earn extra income outside their main job, ensuring they understand
Holdover Relief Tax Trap
Last updated: 16 October 2026 What is gift holdover relief? When you give away business assets or shares in your unlisted trading company, the gift
Home Working and Capital Gains Tax (CGT)
Working from home was slowly becoming more common before the Covid-19 pandemic; however, the various lockdown restrictions meant that it increased exponentially in 2020 and
How are Long Service Awards Taxed for Employees?
Q:I’ve got a couple of staff at my company who are approaching long service milestones and I want to award them with something to show
How Do I Deal with the Tax Deducted from Paid Interest in my Account?
Last updated: 14 October 2026 How do you deal with tax deducted from interest? Since 6 April 2016, banks and building societies pay interest gross,
How do I Ensure that all Fixtures Qualify for Maximum Capital Allowances?
Last updated: 14 October 2026 How do you make sure all fixtures qualify for maximum capital allowances? When you buy a commercial property, part of
How do I work out my taxable profits, income and expenses for this year?
Last updated: 14 October 2026 How do you work out your taxable profit for the year? Your taxable profit is your business income for the
How does HMRC determine if a property is ‘inhabitable’ for SDLT purposes?
Last updated: 14 October 2026 How does HMRC decide if a property is uninhabitable for SDLT? HMRC looks at whether the property is suitable for