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cows in a field

By Dan Cozens

10th December 2025

Update to upcoming Inheritance Tax rules following the 2025 Budget

While many farming families hoped the 2025 Budget would offer a glimmer of hope - following a year of protests and lobbying to scrap the Inheritance Tax (IHT) reforms announced last November - the Chancellor delivered limited relief on a sector that is facing mounting pressure.

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Electric vehicle charging

By Armstrong Watson

10th December 2025

The Impact of the Budget on the Electric Vehicle Market

As expected, the 2025 Budget will have a wide-ranging impact on businesses and individuals all over the UK. One area where the Government is to implement significant changes, is the electric vehicle (EV) sector. From April 2028, notable changes will take place, affecting both car owners, prospective customers, and retailers.

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scottish-tax

By Douglas Russell

10th December 2025

What does the UK Budget mean for Scottish taxpayers?

As widely expected, the 2025 Budget confirmed income tax thresholds will be frozen beyond April 2028 for a further three years until April 2031.

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HLT article

By Matthew Hutton

10th December 2025

No financial respite for the Hospitality, Leisure & Tourism Sector

The recent Budget provided little to no relief to hospitality, leisure and tourism businesses - a sector battling relentless increases to costs, wages and taxes, compounded by falling disposable income levels among consumers.

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By Bianca Chibanda

9th December 2025

4 strategies to help reduce your Inheritance Tax liability

The number of estates faced with paying Inheritance Tax (IHT) is likely to continue to rise, as the nil-rate bands – the amount you’re permitted to inherit without paying Inheritance Tax – remain frozen until at least 2031.

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By Steve Williams

4th December 2025

How will Charity SORP 2026 impact your charity?

The new Charity Statement of Recommended Practice (SORP) has now been published and will take effect for accounting periods starting on or after 1 January 2026. For many organisations in the sector that have March year ends, this means the changes will first apply to accounts prepared in 2027, and charities will need to ensure they are ready.

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By Steve Williams

3rd December 2025

Will my charity require an audit?

Proposed changes to increase audit thresholds for charities in England and Wales have moved a step closer, meaning fewer charities will require a full audit and could elect to move to an independent examination.

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Construction workers on scaffolding

By Armstrong Watson

1st December 2025

Survey reveals vulnerabilities in construction sector as industry faces high insolvency rates

Research by Armstrong Watson has highlighted significant challenges facing family-owned and owner-managed construction businesses, as the sector experiences the highest insolvency rates of any UK industry.

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New financial planner

By Armstrong Watson

1st December 2025

Financial adviser joins Armstrong Watson in Hexham

Armstrong Watson is delighted to announce the appointment of Jacob Proudfoot to its Hexham office, where he joins the firm’s growing Financial Planning team.

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By Dan Cozens

1st December 2025

Capital Gains Tax and Inheritance Tax on agricultural land and farms

Selling or transferring agricultural land and farms can have significant tax implications, particularly concerning Capital Gains Tax (CGT) and Inheritance Tax (IHT). Following increased CGT rates and major IHT reforms announced in the 2024 Autumn Budget, and a further amendment in the 2025 Autum Budget, it is important to consider the current rates and the implication of future increases.

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