by admin | Jan 5, 2026 | HMRC, Self Employed, Tax
Struggling to pay your Self Assessment tax bill? Tax due under Self Assessment for the 2024/25 tax year must be paid in full by 31 January 2026. If you need to make a payment on account of your 2025/26 tax bill, the first payment on account must also be made by 31...
by George | Nov 27, 2025 | Business, Capital Gains, HMRC, Inheritance Tax, Tax, Tax Planning, The Budget
On 26 November the Chancellor of the Exchequer delivered her Autumn Statement. Here is a brief summary of the headline announcements affecting tax. •Income tax and National Insurance –The current personal tax thresholds will be continue to be frozen until 2031. –From...
by admin | May 20, 2025 | Making Tax Digital, Self Employed, Tax
Making Tax Digital (MTD) for Income Tax is set to begin on 6 April 2026. It will replace the traditional Self-Assessment Tax Return system for self-employed individuals and landlords. The aim is to improve record-keeping and reduce errors by requiring regular updates...
by George | Mar 27, 2025 | HMRC, Tax, Tax Planning, The Budget
The Chancellor of the Exchequer delivered her Spring Statement 2025 to Parliament on 26 March, vowing to bring about a ‘new era of security and national renewal’, with aims to kickstart economic growth, protect working people and keep Britain safe. Summary of the tax...
by admin | Mar 4, 2025 | Making Tax Digital, Self Employed, Tax, Tax Planning
Food for thought before 5th April 2025 Have you considered the following: The Furnished Holiday Let (FHL) regime is ending and with it the ability to claim for capital allowances – we would advise buying any equipment you may have been considering by 5th April 2025....
by admin | Oct 31, 2024 | Business, Capital Gains, HMRC, Inheritance Tax, Tax, Tax Planning, The Budget, The Economy
On 30 October 2024, Chancellor of the Exchequer Rachel Reeves delivered the first full budget under a Labour Government since 2010. She announced taxes will be raised by £40bn, we have summarised the key changes that may affect you and your business below: National...
