Latest News
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Government announces significant climbdown on IHT reforms
The introduction of a £1 million cap on 100% business and agricultural property relief from April 2026 has been criticised particularly heavily by the farming industry. The government has announced a significant watering down of the measure. What’s happening?
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Marginal relief - responding to an HMRC nudge letter
HMRC is running a campaign to clamp down on incorrect claims for corporation tax marginal relief (MR). In what circumstances might you be challenged by HMRC and how should you respond?
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Gift relief to be "modernised"
A restriction on gift holdover relief will be reformed in 2026. This will affect gifts of certain shares, so what's the full story?
Newsletters
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Homeworking: claiming input tax on subsistence expenses?
Some of your staff work remotely, but their homes aren’t suited to it. You have agreed to pay for rented office space, or for refreshments if they work from, say, a café. Can you claim input tax on these expenses?
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Beating the landlord tax hikes
Once again, landlords will be hit by tax increases announced in the Budget, even if they are operating through a company. What are the changes, and can anything be done to mitigate them?
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Can you claim input tax on costs linked to electric cars?
Your business intends to go green and buy new electric cars. Can you claim input tax on the purchase of the vehicles and their subsequent fuel costs? Additionally, what recent change has been announced by HMRC?
Monthly Focus
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SPECIAL FOCUS - 2025 AUTUMN BUDGET
In this month's focus, we're breaking down the key announcements from the 2025 Autumn Budget
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MONTHLY FOCUS: UNDERSTANDING FURTHER CONCEPTS WITH IR35
A focus taking a deeper look at the practical aspects of IR35. This month, we look at dealing with HMRC, the tax and NI regulations, and the IR35 calculations.
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MONTHLY FOCUS: TAX PLANNING FOR MARRIED COUPLES (TRADERS AND COMPANIES)
Married couples have been taxed separately rather than as a unit since 1990. There are a number of strategies married couples (and civil partners) can adopt to save tax. This Monthly Focus looks at business-related income planning.
Practical Guides
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Should you consider PAYE collection for HICBC?
The 2025 Spring Statement announced the start date for collecting the high income child benefit charge (HICBC) through PAYE. One of our clients who was considering not claiming child benefit altogether, has asked whether they should move to the new PAYE process. What do they need to know?
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Do you need to adjust CGT 2024/25 calculation?
If you made a chargeable gain in 2024/25 on or after 30 October 2024, it may be necessary to adjust the capital gains tax (CGT) liability calculated by HMRC’s self-assessment tax return software. When is an adjustment required and how is it calculated?
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What are the tax benefits of buying commercial property?
Following the abolition of the furnished holiday lettings regime, you are considering the tax advantages available for commercial property compared to residential property. What are the key factors?
Tools and Calculators
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Income tax calculator
The introduction of special tax allowances, rates and rate bands which interact differently depending on your level and type of income has made the calculation of income tax liability far from straightforward. Our calculator can be used to work out your income tax liability, and can be used where you receive any combination of earnings, savings income, dividends and most other types of income. It will also calculate any adjustment required to finance costs relating to letting income.
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VAT flat rate scheme tool
HMRC offers a simplified scheme for small businesses to work out and account for VAT. This can offer a financial and administrative advantage.
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Company car capital contribution calculator
A company car is taxed according to its list price. This can be reduced if you make a capital contribution towards the purchase of the car. This calculator shows you how much tax could be saved.
Tax Documents
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Alternative ways to challenge HMRC
After several months of trying to get your point across to HMRC you’re getting nowhere. Might a formal review help resolve the issue and how do you go about applying for one?
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Director's or employee's loan account record
Director’s loan account record A taxable benefit in kind may arise where a director is provided with a loan, either interest free or at a rate of interest below HMRC’s official rate (3% for 2016/17). Use this document to calculate what, if anything, you need to declare to HMRC. Make a note Where a cheap rate or interest-free loan is no more than
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Dividend waiver
A dividend waiver is a document produced by a sharelder to show that they have given up (waived) their right to one or more dividends that they would otherwise be entitled to. A waiver can be used in income tax and inheritance tax planning but it must be made as a deed or HMRC will not accept its validity.
Calendar
* All dates are subject to possible adaptations