Financial advisers expect an increase in marriages among older couples ahead of planned inheritance tax changes. From April 2027, pensions will be included within inheritance tax calculations, potentially increasing the tax burden on families. Married couples and civil partners can combine allowances, allowing significant sums to be passed on tax-free, including additional relief linked to...
With many people selling unwanted Christmas gifts online, questions have arisen about whether HMRC will step in. Tax specialists have clarified that individuals selling personal items occasionally are not the target of HMRC’s compliance activity. The focus remains on those trading regularly as part of the hidden economy. In most cases, selling personal possessions is...
The Institute of Chartered Accountants in England and Wales (ICAEW) has raised concerns that provisions included in the Finance Bill 2025–26 are drafted too broadly and could have unintended consequences for tax advisers. The legislation expands the dishonest conduct rules for tax agents, introducing penalties where actions are taken with the intention of reducing tax...
The Financial Conduct Authority has opened a consultation on a new regulatory framework for crypto-assets, aiming to align them more closely with rules that apply to traditional financial products. The proposals are based on policy plans first published in 2023 and would bring crypto-assets under FCA supervision in a similar way to shares and other...
The Solicitors Regulation Authority has proposed new measures to strengthen protections around client money held by law firms. Under the plans, firms would be required to submit all accountants’ reports directly to the regulator and provide an annual declaration confirming compliance. This approach was previously in place until 2014, after which only reports highlighting concerns...
A growing number of FTSE 100 companies are appointing former chief financial officers as chief executives, reflecting a preference for experienced leadership during uncertain economic conditions. Recent figures show that more than half of newly appointed CEOs previously held CFO roles. While board diversity continues to improve overall, women remain underrepresented in the most senior...
Mortgage lending in the UK is expected to grow at a much slower pace over the next year, according to industry forecasts. Lending volumes are predicted to rise only marginally, while property transaction numbers are set to fall. At the same time, repossessions are expected to increase as affordability pressures continue to affect households. Analysts...
A man posing as an accountant has been jailed for orchestrating an immigration fraud scheme that involved submitting false employment and payroll information to secure spousal visas. The ringleader charged clients annual fees for providing fake documentation and was supported by accomplices who also received prison sentences. Investigators uncovered manipulated income records and seized significant...
UK property sellers have lowered their expectations, with average asking prices falling by around £2,000 compared with the same period last year. Property platform data suggests the decline is linked to uncertainty surrounding possible tax changes ahead of the Budget, causing hesitation among both buyers and sellers. Disclaimer The information on this Blog is...
Care Accountancy joins the people of the United Kingdom and the Commonwealth in mourning the death of Her Majesty Queen Elizabeth II. Our thoughts are with His Majesty the King and the Royal Family, to whom we offer our deepest condolences. The death of our beloved, Her Majesty the Queen, is also a moment of...
Copyright by CareAccountancy. All rights reserved.
Copyright by CareAccountancy. All rights reserved.
