It is never too early to complete your self-assessment tax return. In fact, as soon as the tax year ends you can submit your tax return. One thing you should avoid is leaving it to the last minute.
Armstrong Watson is one of the 10 member firms of The Rural Accountancy Group (RAG), which has submitted an updated report to the House of Lords as part of a call for further evidence in the debate on proposed IHT reforms, emphasising the impact these changes will have on economic growth.
Along with the changes in the requirements for identification of company directors, from 18th November 2025, People with Significant Control (PSCs) must also verify their identity. The period in which you need to do this, depends on your own situation.
We are only days away from the Autumn Budget on 26th November 2025, and speculation is already at fever pitch! Amongst the many areas being speculated on are: Pension Lump Sum Allowance (tax-free cash), ISA allowances, Income Tax for non-earned income, and National Insurance for LLPs
The Employment Rights Bill has hit another hurdle as it progresses through Parliament after the House of Lords rejected several major proposals, sending the legislation back to the Commons for further debate in what’s known as parliamentary “ping pong”.
The Treasury has ruled out a reduction in the pension Lump Sum Allowance (tax-free cash) ahead of this month's Autumn Budget, which will come as a relief to those with personal and workplace pensions.
There are some restrictions and pitfalls in Inheritance Tax (IHT) legislation which can mean not all of the value of your farm will qualify for Agricultural Property Relief (APR).
Trusts are a vital part of good financial planning, and their importance has significantly increased as we enter a new era of restrictive Inheritance Tax (IHT) legislation.