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...
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Copyright by CareAccountancy. All rights reserved.
