Publications

These rates and allowances are based on fiscal announcements made by the UK and Northern Ireland, Scottish and Welsh Governments and are for information only. All information is subject to change before 6 April 2025 and confirmation by the respective Governments. The above must not be considered advice and no warranty is given for the accuracy or completeness of the details. Professional advice should be sought before making any decisions. Rates apply to the UK unless stated otherwise.

Government grants are non-repayable funds allocated to businesses to achieve specific objectives, such as fostering innovation, enhancing sustainability, or stimulating regional development. For SMEs, these grants can alleviate financial constraints, reduce operational risks, and accelerate growth. Unlike loans, grants do not require repayment, making them an attractive funding source for businesses aiming to undertake new projects or expand existing operations.

LANDLORDS TO RECEIVE MTD LETTERS Landlords and sole traders to receive letters from April. HMRC is set to inform taxpayers affected by Making Tax Digital (MTD) for Income Tax.

This guide reviews the 2025/26 allowances, rates, and reliefs and outlines legal provisions under HMRC regulations. It offers factual, compliance-based guidance for individuals and families who wish to manage their affairs effectively.

CHANGES TO INHERITANCE TAX ON PENSIONS FROM 2027 From April 2027, unused pension pots and death benefits will be included in an individual’s estate for inheritance tax (IHT) purposes.

By your 50s, retirement planning often moves to the top of the financial agenda. If your pension pot isn’t where you’d like it to be, there are ways to increase contributions, take advantage of tax reliefs, and strengthen your long-term financial security. This guide outlines the latest pension rules, allowances, and strategies, helping you make informed decisions about your retirement savings. Whether you’re looking to top up your pension, explore additional investment options, or adjust your approach, having a clear understanding of your options can make a significant difference to your future financial stability.

In the modern business environment, efficiency and accuracy in financial management are paramount. We understand businesses’ challenges in maintaining precise financial records while striving for growth. Implementing accounting software can be a game-changer, offering numerous benefits that streamline operations and enhance decision-making. This guide explores how the right tools can simplify financial processes, improve compliance, and free up time to focus on growing your business.

HMRC Helpline workers set strike dates. The strikes, scheduled across eight days from 23 December 2024 to 14 February 2025, aim to reinstate three sacked union representatives.

In the 2024/25 tax year, the Personal Allowance remains at £12,570. Families who save for university should consider how tax allowances can shape their savings. Some families may consider transferring assets or income to the spouse or partner with a lower income to make full use of their Personal Allowance or to stay within a lower tax band. This can also help if you want to gift money directly to your child once they reach 18. However, parents must pay attention to relevant tax rules and any asset transfer implications.

The Construction Industry Scheme (CIS) is a vital part of the tax system for workers in construction. Whether you’re a contractor managing subcontractors or a subcontractor working on various projects, understanding how CIS works is key to ensuring compliance and managing cashflow effectively. In this guide, we’ll break down the essentials of CIS, covering who it applies to, how it operates, and the key responsibilities involved.

Here you can find our booklet about planning your finances for the remainder of the tax year and the changes in allowances expected to apply in the new tax year

17% Rise in scams targeting taxpayers. HMRC has urged taxpayers to be alert to scams as the self-assessment season picks up. Over the past year, nearly 145,000 scam attempts were reported, a 16.7% increase compared to the previous year.