Blog

Why data protection changes matter now Recent data protection changes have introduced important updates that organisations across the UK need to be aware of. Whether you run a business, charity, or professional practice, handling personal data correctly is no longer just best practice—it is a legal requirement. These updates aim to modernise existing rules, clarify...

Growing frustration over delayed repayments Many UK taxpayers are experiencing long waits for HMRC tax rebates, with some refunds taking more than a year to be paid. These delays are affecting employees, pensioners, and self-employed individuals who are owed money after overpaying tax or National Insurance. For households relying on timely repayments, the situation has...

A welcome update for succession planning The UK government has announced an increase to the IHT relief cap, bringing important changes for families, farmers, and business owners who rely on Agricultural Property Relief (APR) and Business Property Relief (BPR). This update is designed to provide greater certainty and protection for those passing on family assets,...

HMRC begins direct contact with taxpayers HMRC has confirmed that the first MTD mandation letters are being issued this month, marking a major step forward in the rollout of Making Tax Digital (MTD) for Income Tax. These letters are being sent to individuals and businesses who will be required to follow MTD rules from April...

A salary sacrifice pension is a tax-efficient arrangement where an employee agrees to give up part of their salary, and in return, the employer pays that amount directly into the employee’s pension. Instead of being paid as cash income, the contribution goes straight into the pension pot, which can reduce both income tax and National...

The HMRC trust registration deadline is a critical compliance requirement for trustees across the UK. Recently, HMRC has confirmed that it will not extend the end-of-year deadline for trust registration, despite growing concerns from advisers and trustees. However, there is some reassurance: HMRC has stated that it will consider ‘reasonable excuses’ where deadlines are missed...

Why HMRC Compliance 2026 Matters for Every Business As the UK continues to strengthen financial transparency and digital reporting, HMRC compliance 2026 is set to be one of the most important updates for small businesses, landlords, contractors, and limited companies. HMRC has already increased its focus on digital audit trails, accurate record-keeping, and real-time data....

Why Business Tax Planning Matters More in 2026 With new financial challenges and evolving compliance rules, business tax planning is becoming increasingly important for UK businesses in 2026. As HMRC continues to strengthen digital reporting requirements, tax efficiency is no longer optional—it’s essential. Whether you’re a sole trader, SME, or growing limited company, planning early...

Introduction to the Remittance Basis Charge The 2023/24 tax year brought several important considerations for UK taxpayers who use the remittance basis. If you are a UK resident but not domiciled in the UK, understanding how this charge applies—and whether you should claim the remittance basis at all—is crucial for planning your tax return effectively. With changing...

The interaction between student loan repayments and payrolled benefits is an important topic for both employers and employees. With HMRC’s increasing focus on real-time payroll data, understanding how these two elements work together can help businesses stay compliant and ensure accurate deductions.   How Student Loan Repayments Work When an employee’s earnings cross a certain...

Rising Inheritance Tax in the UK The Inheritance Tax UK receipts have reached a record £4.4 billion in just six months, signalling how more families are being drawn into the IHT net. With property values increasing and tax thresholds remaining frozen, many once-exempt estates now face significant tax bills. HMRC’s data show that IHT has...

The UK tax system is undergoing a significant digital transformation through Making Tax Digital (MTD) — an HMRC initiative designed to modernise the way businesses, landlords, and individuals record, report, and manage taxes. The goal of MTD is simple yet powerful: to make tax administration more efficient, accurate, and easier for everyone. At Care Accountancy,...

Understanding HMRC’s data-driven tax approach In recent years, HMRC’s large-scale data analysis has become one of the UK’s most powerful tools for increasing tax revenue and improving compliance. By harnessing advanced analytics and artificial intelligence, HMRC can now identify tax irregularities, detect avoidance schemes, and recover billions of pounds in unpaid taxes. This digital transformation...

Embracing digital accounting in today’s business world The way businesses manage their finances is changing rapidly, with digital tools now at the forefront of accounting processes. For small businesses, adopting digital accounting has become more than just a trend—it’s a necessity. By moving away from manual spreadsheets and outdated systems, SMEs can enjoy greater efficiency,...

Why family estate planning matters When it comes to protecting your wealth and ensuring your loved ones are looked after, family estate planning is essential. Whether through wills, trusts, or a combination of both, it provides peace of mind that your assets will be distributed according to your wishes while minimising complications for your family....

Understanding the latest SME tax update Staying informed about the latest SME tax update is essential for small and medium-sized businesses navigating an evolving tax landscape. HMRC continues to adjust tax rules, reporting obligations, and digital requirements that directly impact SMEs. Missing these updates could result in unnecessary penalties, so business owners must stay proactive...

Filing your annual tax return is not just about meeting deadlines – it’s about making sure the information you submit is right the first time. HMRC is now reminding individuals and businesses of the importance of submitting correct and complete tax returns, as errors can lead to costly investigations and penalties. At Care Accountancy, we...

Why personal service companies must handle contracts correctly An important reminder for those using personal service companies: income can only be treated as company income if contracts are signed in the company’s name. A recent tribunal case involving England cricketer Paul Collingwood highlights what happens when contracts are signed personally instead of by the company....

The government’s Making Tax Digital (MTD) initiative is set to transform how millions of people manage their tax affairs. According to recent reports, up to three million individuals may soon be required to comply with MTD Compliance rules, expanding the scope beyond businesses and landlords. This move highlights the UK’s ongoing efforts to modernise the...

Inheritance tax 2025 remains a significant concern for many families in the UK. It is a tax on the estate (property, money, and possessions) of someone who has passed away. As property values continue to rise, more estates are being caught in the inheritance tax net. Knowing the rules and exemptions can help families plan...