The signs of digital wallet abuse you need to look out for
Digital wallet abuse is on the rise as criminal networks continue to exploit individuals and businesses for their own selfish gains. In 2024, over 2.5…
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Preparing for Plan 5: The newest student loan payment structure
Students who started their undergraduate and advanced learner loan courses on or after 1 August 2023 will fall into the new Plan 5 payment plan bracke…
The UK’s residency rules explained – Six months on from the change
In April 2025, the UK’s ‘non-domicile regime’ was replaced with a new set of rules centred around an individual’s tax residency, taking in fac…
Bank and building society interest – What needs to be reported under Self Assessment?
HMRC has confirmed it is changing the way it will handle tax on bank and building society interests. What has HMRC changed? Since October 2025, HMRC h…
Could the Autumn Budget hold big changes to the taxation of partnerships?
With the November Budget just weeks away, one rumour appears to be gaining more traction than others. Media reports suggest that the Chancellor, Rache…
Family businesses most exposed to 2026 IHT reforms
In the October 2024 Budget, the Government confirmed reforms to Inheritance Tax (IHT) that will take effect from April 2026. The changes will restrict…
IR35: Increase in financial thresholds for “small” client company
HMRC has confirmed that the upcoming increase in company size thresholds will apply to the off-payroll working rules. From 6 April 2026, more end-clie…
Company Electric Car – HMRC introduces two separate rates
HM Revenue and Customs (HMRC) has announced its latest updates to the Advisory Electric Rate (AER) that will affect employees using a company car. Rev…
HMRC updates the factsheet for self-review of the National Minimum Wage
With changes expected to be announced about the UK’s current National Minimum Wage (NMW) and National Living Wage (NLW) rates in the near future, HM…
New shareholder dividend reporting requirements are fast approaching
The 2025/26 financial year will bring new reporting requirements for UK resident directors of close companies, who are required to file a Self-Assessm…