Tax news
Non-Resident Landlord Scheme: The UK Tax Compliance Obligations Overseas Landlords Often Miss
Submit your Tax Return early to avoid the January rush
[email protected] rarely feels urgent until January suddenly arrives. For many, tax returns sit quietly on the to do list while more immediate priorities take over. Running a business, managing staff, travelling for work, family commitments and day to...
Tax Relief on Partners Personal Expenses
[email protected] If you are a partner in a law firm or LLP, you will already be familiar with the difference between drawings and taxable profit. What is often less clear is how expenses paid personally should be dealt with for tax purposes. We regularly...
Tax Planning for Businesses: What the 2026/27 Tax Year Means for you
[email protected] With the new tax year now underway, the headline tax changes for 2026/27 tax year may appear limited, but the impact on tax planning for businesses is starting to build. If you are running a business, the focus is rarely on individual tax...
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...