Just when you thought you'd got your head around the end of the furnished holiday lets tax regime, HMRC has another surprise for you. Depending on your circumstances, the end of the FHL regime could mean you now have a date with Making Tax Digital (MTD).
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Let's be honest. Filing a tax return is nobody's idea of a great summer activity. That's probably why so many people shove it to the bottom of the to-do list, promise themselves they'll "sort it next month" and then find January looming with an uncomfortable sense of déjà vu. But what if this was the year you got ahead of the game?
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Nobody likes an unexpected message from HMRC. Whether it's a letter through the door or an email dropping into your inbox, it's enough to make any business owner wonder, "What's this about?" And with HMRC using more data and better technology to spot errors and inconsistencies, those conversations are becoming more common.
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Nothing brings a team together quite like a summer get-together. Whether it's a Friday afternoon barbecue, a few drinks in the sunshine, an ice cream van turning up at the office, or simply treating the team to lunch, these little gestures can go a long way. Better still, HMRC might be willing to chip in.
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After 15 years on ice, HMRC's mileage allowance is finally thawing out. From 6 April 2026, the tax-free rate for cars and vans jumps to 55p per mile for the first 10,000 business miles - the biggest shake-up since 2011. Even better: it's backdated to the start of the tax year, so every business mile you've already driven this year is worth more than you thought.
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The end of the tax year on the 5 April has a habit of sneaking up on you! The good news is that a little bit of planning now might be able to save you money.
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After years of delays, Making Tax Digital for Income Tax (MTD for ITSA) is finally happening. If you're a sole trader or landlord, it's time to sit up and take notice.
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The lights are twinkling, the stockings are ready, and Christmas spirit is filling the air again!
There are many ways to reward your employees in a tax efficient way. Some can be quite complex, but there are other ways of providing tax efficient or tax-free benefits which are surprisingly simple.
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Christmas is just around the corner - and not far beyond is the deadline for filing your self-assessment tax return.
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The Chancellor has delivered the Autumn Budget, finally providing some clarity for individuals and businesses following weeks of speculation in the media. Interpreting the announcements from a Budget can be a bit daunting, but you don’t have to wade through all the detail. In this feature, we’ve picked out the key headlines and explained them in a simple, straightforward way - so you can feel confident about what lies ahead for you and your business.
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