Household energy bills are expected to rise over the coming years after Ofgem approved major investment in the UK’s energy infrastructure. The funding will be used to upgrade electricity networks and gas pipelines, supporting future demand and renewable energy projects. While the regulator says the investment should reduce long-term costs by improving efficiency, consumers are...
HMRC has lowered the interest charged on late self assessment tax payments, reducing the rate from 8% to 7.75%. The change reflects the link between late payment interest and the Bank of England base rate. Taxpayers who miss the 31 January deadline still face fixed penalties, followed by daily charges and further percentage-based penalties if...
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...
In FS Capital v Adams (2025 EWCA Civ 53), the England and Wales Court of Appeal ruled that transactions carried out by FS Capital Ltd were void because they constituted a breach of three insolvent Jersey trusts that held substantial loan assets. The transactions cut out the beneficiaries and diverted the assets to a company under...
Running a small business in the UK comes with many responsibilities, including staying on top of your taxes. Effective tax management can significantly impact your bottom line, freeing up resources for growth and development. Here are some top tax-saving strategies for small businesses to help you navigate the complexities of the UK tax system. ...
Trust must pay exit tax despite UK law’s EU-incompatible provisions. The Upper Tax Tribunal upheld the decision requiring a trust that moved from the UK to Cyprus in 2004 to pay an exit tax on its assets, despite UK capital gains tax (CGT) law at the time conflicting with European Union (EU) law. The tribunal...
As a Muslim living in the UK, it is crucial to ensure that your wealth and assets are distributed according to both Islamic principles and UK laws after your passing. This is where an Islamic Will, or “Wasiyyah,” becomes vital. By drafting an Islamic Will, you ensure that your estate is distributed in line...
Understanding your ownership structure is vital when co-owning property, especially if you wish to control how your share of the property is handled after your passing. One important legal concept for property owners is the severance of tenancy, a process that can protect your interests and ensure your estate is distributed according to your...
At Care Accountancy, we understand the importance of efficient probate processing for our clients. In recent developments, the Probate Service has significantly reduced the turnaround time for digital probate applications, particularly in straightforward cases. This improvement is a welcome change for many families navigating the complexities of estate administration. Significant Reduction in Processing Delays...
Copyright by CareAccountancy. All rights reserved.
Copyright by CareAccountancy. All rights reserved.
