Nov 5, 2024 | Business TaxGovernment AnnouncementsPersonal Tax
From April 2026, all tax advisers dealing with HMRC will be required to register under new Government rules aimed at reducing unethical practices. The mandatory registration is part of a broader effort to regulate the tax advice industry and eliminate rogue...
Oct 23, 2024 | Business TaxPersonal Tax
HMRC receipts for September 2024 surpassed £64bn, an increase of nearly £4bn from August and over £3bn more than September 2023. Between April and September, total tax and National Insurance contributions (NICs) reached £406.3bn, £11.1bn higher than in 2023. Income...
Oct 18, 2024 | Business TaxPersonal Tax
HMRC has announced a significant update to Making Tax Digital (MTD) for Income Tax, confirming that more than one agent can now act for a single client. This change comes ahead of the phased MTD rollout, which starts in April 2026. Previously, only one agent could act...
Sep 30, 2024 | Business Tax
The 2022/23 tax year saw £7.5bn worth of research and development (R&D) tax credit claims, a rise of just £1bn despite a notable drop in businesses claiming the relief. R&D claims fell to 65,690, with SME claims down by 23% compared to the previous year....
Sep 16, 2024 | Business Tax
Nearly half of small and medium-sized businesses (SMEs) are struggling to secure financial support, with over two-thirds believing business taxes are too high. According to a recent survey by Sumer Group, four in ten SME owners are concerned their businesses may close...
