Home

Latest News

tax-changes

By James Fraser

3rd March 2026

10 key tax changes from April 2026

The 2026/2027 tax year represents a significant shift in the UK’s fiscal landscape. While several of these measures were announced in previous Budgets, April 2026 marks the point of implementation for reforms affecting business succession, digital compliance, and increasing costs for businesses.

Read this post
Glasgow

By Scott McIver

26th February 2026

Are you subject to the Scottish 67.5% tax trap?

While the 2026/2027 Scottish Budget included measures to increase the income tax thresholds for lower earners (meaning they pay marginally less tax than those in other parts of the UK), the Higher, Advanced and Top rate thresholds in Scotland remain unchanged, leaving some high earners exposed to paying 67.5% in income tax.

Read this post

By Andrew Robinson

9th February 2026

FAQs on changes to Inheritance Tax legislation for farmers

Many farmers are concerned about the impact of Inheritance Tax reforms but there are ways to put yourself, your family and your business in a better position. This FAQ guide will help you identify aspects of IHT and succession planning that you need to consider.

Read this post

By Sally Jones

6th February 2026

Bank interest and partial exemption – A new VAT risk for law firms?

Recent increases in interest rates have led many professional services firms to earn more interest on client funds held in deposit accounts. As bank interest may be treated as a VAT-exempt supply, law firms and other businesses with significant interest income should assess whether this additional income affects their ability to recover VAT on overhead costs under the partial exemption rules.

Read this post
id scan

By Adam Pattison

2nd February 2026

Companies House ID verification FAQs for company directors and PSCs

From 18 November 2025, identity verification became a legal requirement for company directors, People with Significant Control (PSCs), and others responsible for filing company information.

Read this post

By Dan Cozens

15th December 2025

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

Whether you decide to operate your farm business as a partnership or company will depend on many factors, but the 2025 Budget has introduced further changes, meaning it’s worth reviewing your current structure and taking family succession plans into account.

Read this post
suvey and pen

By Becky Fraser

15th December 2025

LLP Salaried Member Rules

HMRC has recently issued surveys in collaboration with IFF Research, to randomly selected LLP members, regarding the taxation of Limited Liability Partnerships (LLPs).

Read this post
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.

Read this post
scottish-tax

By Douglas Russell

10th December 2025

What does the Autumn 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.

Read this post

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.

Read this post

Enquiry Form

All content © 2020 Armstrong Watson. All Rights Reserved. Website by Simon Pighills.

Armstrong Watson LLP is a limited liability partnership registered in England and Wales, number OC415608. The registered office is James Watson House, Montgomery Way, Rosehill, Carlisle, CA1 2UU where a list of members is kept. Armstrong Watson LLP is regulated by the Institute of Chartered Accountants in England and Wales for a range of investment business activities. Unless otherwise indicated, either expressly or by the context, we use the word “partner” to describe a member of Armstrong Watson LLP or an employee of Armstrong Watson LLP in their capacity as such.

Armstrong Watson Audit Limited is registered to carry out audit work in the UK by the Institute of Chartered Accountants in England and Wales. Registered as a limited company in England and Wales, number 8800970. The registered office is James Watson House, Montgomery Way, Rosehill, Carlisle, CA1 2UU. Armstrong Watson Audit is a trading style of Armstrong Watson Audit Limited.

Armstrong Watson Financial Planning Limited is authorised and regulated by the Financial Conduct Authority. Firm reference number 542122. Registered as a limited company in England and Wales, number 7208672. The registered office is James Watson House, Montgomery Way, Rosehill, Carlisle, CA1 2UU. Armstrong Watson Financial Planning & Wealth Management is a trading style of Armstrong Watson Financial Planning Limited. Armstrong Watson Trustees Limited is a limited company registered in England and Wales, number 84495656. The registered office is James Watson House, Montgomery Way, Rosehill, Carlisle, CA1 2UU.

MyRetirement is a trading style of Armstrong Watson Financial Planning Limited.

Armstrong Watson is a trading style of Armstrong Watson LLP, Armstrong Watson Audit Limited and Armstrong Watson Financial Planning Limited.