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From details on the latest government Budget to accountancy information, tax insights, and staff news, we've got you covered.
What might spark a CGT bill?
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With basic rate taxpayers now facing doubling capital gains tax (CGT) rates, and with the exempt amount a quarter of its previous level, it is no surprise that considerably more CGT is being paid to HMRC.
CONTINUE READINGVAT late payment penalties
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It is now more expensive to be late when it comes to making a VAT payment. The slowest payers now face a 250% increase to an annualised rate. In addition, the rate of late payment interest has also increased.
CONTINUE READINGMaking Tax Digital expands
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Self-employed people and landlords with an income between £20,000 and £30,000 will be required to use Making Tax Digital (MTD) from 6 April 2028. This will bring a further 900,000 low-income taxpayers under the MTD regime.
CONTINUE READINGNew tax year planning
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The start of the new tax year warrants as much planning as the end of the old tax year.
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