Insights, Updates and Guidance
Our news section shares practical updates on accounting, tax regulations and financial management – written in plain language to keep you informed.
VAT – opting to tax property
The option to tax is a VAT election that allows businesses to treat supplies of most non-residential land and buildings…May 28, 2026
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Claiming to reduce payments on account
Self-assessment taxpayers are usually required to make payments on account to pay their Income Tax liabilities. These are paid in…May 28, 2026
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IHT – gifts made with reservation of benefits
Most lifetime gifts are treated as potentially exempt transfers (PETs) for Inheritance Tax (IHT) purposes. In general, these gifts become…May 28, 2026
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A reminder of tax-free trivial benefits
Employers looking to provide staff with small gifts or seasonal tokens of appreciation should remember the rules for tax-free trivial…May 28, 2026
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Key person policies and tax relief
Many businesses take out “key person” insurance policies to protect against the financial impact of losing an important employee, director…May 28, 2026
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Government measures to ease rising fuel costs
The government has announced a package of measures intended to help motorists and businesses manage rising fuel costs following disruption…May 28, 2026
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Increase in approved mileage rates
The Chancellor of the Exchequer, Rachel Reeves updated Parliament on 21 May 2026 on the Government’s economic response to the…May 28, 2026
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New measures aimed at easing living costs
The Government has announced a new package of measures designed to help households manage rising living costs during the summer…May 25, 2026
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Tougher action on late payments
The Government has introduced a landmark new Bill aimed at tackling the growing problem of late payments to small businesses,…May 25, 2026
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Landlord tax and National Insurance considerations
When renting out property, landlords may have both Income Tax and National Insurance considerations to consider. However, rental income is…May 21, 2026
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VAT Cash Accounting
The VAT Cash Accounting Scheme can help businesses improve cash flow by allowing VAT to be accounted for when customers…May 21, 2026
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Can you claim Business Asset Disposal Relief
Business Asset Disposal Relief (BADR) applies to the sale of a business, shares in a trading company, or an individual’s…May 21, 2026
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