Latest News

Partnership vs company: Choosing the right structure for your farming business

With the basis period reform now fully implemented, alongside changes to Capital Gains Tax and proposals to limit Inheritance Tax reliefs, farmers may be faced with the dilemma of determining the most appropriate and tax-efficient way to structure their business.

Mandatory payrolling of Benefits in Kind delayed

From April 2027, most taxable BIKs (including taxable expenses) provided to employees and directors will need to be reported to HMRC via weekly or monthly payroll returns instead of on a P11D return at the end of the tax year.

New Pillar 2 filing requirements for large businesses

Businesses with a global turnover of €750m or more could have additional registration and filing requirements in the UK – irrespective of the size of their UK presence.

Compulsory purchase of land and Capital Gains Tax

Farmers and landowners who lose land under a Compulsory Purchase Order for a new road scheme have many things to consider, including Capital Gains Tax, and legal or valuation issues. 

Furnished holiday letting – changes to tax

From the 6 April 2025, the tax treatment of Furnished Holiday Lets (FHL) changed. Income from these properties is now treated the same as other residential lets.

This is expected to impact 127,000 holiday let owners across the country.

Package of tax measures aimed at simplifying our tax system, but what does it mean for taxpayers?

The Government has announced a package of measures that will impact businesses and individuals across the UK. The various changes will apply to different sized businesses and their operations and it is important to understand the impact they will have.

Further measures to close the tax compliance gap

HMRC's tax investigation activity is increasing, with 93,000 investigations opened in the last quarter. But what can make you a target for an HMRC investigation and how can you ensure you are compliant? 

Experienced corporate tax adviser takes up Partner role with Armstrong Watson in Manchester

Armstrong Watson is delighted to announced the appointment of Tax Partner Tania Dimitrovich, who will lead and grow the firm's tax practice in Manchester. 

10 tax changes starting in April 2025

The Chancellor focused on spending cuts in the 2025 Spring Statement rather than raising taxes, but a string of previously announced changes to tax legislation are set to come into play from April.

Spring Forecast 2025 – will the Chancellor announce further changes?

The Chancellor Rachel Reeves has said previously that there would only be one major fiscal event in a year so that individuals and businesses would have stability. However, she will stand up in the Commons to make a statement in response to the latest forecasts from the Office of Budget Responsibility (OBR) on March 26 and potentially be in a very different situation to what she expected just a few months ago.