Latest News

VAT Rules for Construction: Zero-Rate, Reverse Charge, and Avoiding HMRC Penalties

VAT rules in construction are complex and it’s vital that building and construction companies are aware of the VAT liability of their supplies, and any associated VAT reclaim criteria on costs. From zero rated VAT to the Domestic Reverse Charge, it’s important to understand what rules apply when for specific projects.

Budget 2025: Personal & Inheritance Tax Changes

The freeze continues as widely expected, the Chancellor, faced with a black hole in the public finances, has chosen to freeze income tax thresholds beyond April 2028, when they were due to start to increase. However, she went beyond the expectations of many and has decided that the thresholds should remain frozen for the following three years, meaning there will be no increase until April 2031.

File your tax return ahead of the self-assessment deadline

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.

Are you at risk of losing Inheritance Tax relief on your farm?

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).

Leaving the UK? What you need to consider when moving abroad

A  growing number of UK residents are heading overseas in search of better opportunities, lower living costs, and improved quality of life. If you’re drawn to a new life abroad, there are some key considerations to factor into your planning. 

Why business succession planning and asset diversification matter more than ever

Running a family business comes with a unique blend of opportunities and challenges; balancing legacy with innovation, and personal values with commercial goals. Yet, one area that often gets overlooked amid the day-to-day demands is long-term financial planning.

National Minimum Wage breaches: Top reasons for underpayment and how to comply

The publication of the names of nearly 500 employers found to have breached employment law has once again placed the spotlight on National Minimum Wage (NMW) compliance and the need for businesses to take proactive steps to ensure they meet their legal obligations to staff.

Will the 2025 Autumn Budget bring about a further shift in the tax landscape?

This year has already brought a string of changes to various tax measures that have sparked concern for many. We’ve seen increased employer National Insurance Contributions (NICs), planned reductions in Inheritance Tax reliefs and a continued freeze in income tax thresholds, to name but a few. But what could be next, and what scope for change will manifesto commitments allow?

What are the Inheritance Tax traps when gifting farmhouses and land?

With the new Inheritance Tax (IHT) rules coming into effect on 6^th April 2026, many farmers and business owners are in the process of gifting assets to reduce the impact of the new rules. However, in some circumstances, an asset is treated as still owned, even though it has been given away, and IHT could still be due.

VAT policy change on management of pension funds opens door to 4-year reclaims

HMRC has announced a potentially significant policy change on VAT deduction on the management of pension funds.

Effective from 18 June 2025, the update allows employers to fully recover VAT on both invested and administration costs related to pension funds, eliminating the previous requirement to apportion costs between employers and pension funds trustees.