Last week’s latest Tax Update 2026 (policy paper) signals one thing loud and clear: the UK tax system is becoming more complex, not less. From proposed changes to income tax payments and VAT, to tougher HMRC enforcement powers and new digital requirements, businesses will need to stay informed to avoid costly mistakes. While many of […]
Tag Archives: HMRC
capital gains tax, HM Revenue & Customs, Tax Planning, Tax Tips
What is a post transaction valuation?
12
Oct
Oct
What is a post transaction valuation? When you sell an asset, you will need to report this to HM Revenue & Customs (HMRC) and pay any Capital Gains Tax (CGT). But you may not have sold the asset in question at market value so what do you do? In that case, you need to […]
20
Jul
Jul
Are you a business that operates your own payroll? Do you want to be involved with paying your staff or is it because you do not want to incur payroll fees? How do you get payroll right for your small business? Do you rely entirely on the software? Or the HMRC Basics Tools? Do you […]
01
Oct
Oct
The new penalty regime from HM Revenue & Customs (HMRC) The UK tax system is moving towards a more digital system with the introduction of Making Tax Digital (MTD) and as part of it HMRC are introducing new penalty measures. If you are not familiar with MTD then please visit our previous blogs What is […]
01
Jun
Jun
The PSA mechanism allows you to make one annual payment to HMRC which will cover the tax and all national insurance due on the expense or benefit.
06
May
May
The requirement to keep digital links if you are already caught under Making Tax Digital (MTD) rules came into force from 1st April 2021 as part of the second phase. HMRC defines a digital link as transfer of data between software programmes or applications.
Cloud Accounting, Digital Technology, Quick Books, VAT
What is Making Tax Digital and how does it affect me
08
Feb
Feb
If you own a business, or you are self-employed and you pay income tax, national insurance, VAT or corporation tax, then it is quite likely you will be affected.
18
Jan
Jan
We accept that this year is a bit different. Many of you have been under immense pressure at work for the last ten months and completing your tax returns has not been your top priority.