Latest News
HMRC Clarifies MTD Exemption Rules for Farmers
[email protected] If you use averaging to smooth out your farm profits, you may have been wondering whether Making Tax Digital will apply to you from April 2026. If that’s the case, you are not alone. When the one-year reprieve was first announced before Christmas, it...
Tax Rates & Allowances 2026/27
Introduction We have summarised the key rates and allowances which are fundamental to our business and personal lives. We are sure that you will find them a useful point of reference and have set out below a few examples of how they can be used. Personal tax rates As...
Dividend Tax Changes for Business Owners: What You Need to Know
Spring Statement Summary 2026
[email protected] [email protected] The Chancellor held the Spring Statement on 3 March 2026. The government has been keen to have only one tax event per year (the Budget) and so the Spring Statement was intended to provide an interim update on the economy...
Government Announce Inheritance Tax Changes to APR and BPR
[email protected] Government has confirmed further changes to Agricultural Property Relief (APR) and Business Property Relief (BPR) following the November Budget. These updates will be included in the Finance Bill next month and will affect Inheritance...
Autumn Budget: Changes to EOT Tax Relief
[email protected] On 26th November 2025, Chancellor Rachel Reeves delivered her Autumn Budget Statement. She announced a reduction in Capital Gains Tax relief available on qualifying disposals to employee ownership trusts from 100% of the gain to 50%. This will be...
EOT Tax Benefits
Employee Ownership Trust Tax Benefits An Employee Ownership Trust (“EOT”) is a trust that acquires shares in a company and holds them on behalf of the employees. It is an increasingly popular exit strategy for shareholders, which offers attractive tax incentives and...
Autumn Budget Summary 2025
[email protected] [email protected] Autumn Budget 2025 SummaryChancellor of the Exchequer Rachel Reeves set out tax-raising measures worth up to £26 billion in the Autumn Budget on 26 November 2025. The increases will be achieved through a range of...
Top Profit Extraction Strategies for Owner Managed Businesses
[email protected] For most owner managed businesses, deciding what to do with company profits is a familiar and recurring challenge. Whether you are looking to extract profits for yourself, reinvest in your business or planning for the future, having a...