The Law Commission has made a variety of proposals to reform the law governing wills in England and Wales. What were you doing in 1837? Of course, the question is rhetorical. For you, the reader,…
Businesses take stock of increased costs
April’s National Insurance Contributions (NICs) and minimum wage increases are having a major impact on businesses, with around half freezing pay. Many owners are even also considering moving their business abroad to avoid the UK’s…
Nearly £50 billion missing in tax take
The latest estimate of the tax gap shows that missing taxes are approaching £46.8 billion, with some 5.3% of total taxes going unpaid. These figures are for 2023/24. HMRC will be particularly concerned that small…
Changes to company accounts on the horizon
Company directors need to be aware of important changes to be implemented by Companies House from 1 April 2027. Digital software Directors who submit their company accounts themselves, rather than using an agent, will no…
A good time to become a landlord?
While positive changes are on the horizon for the buy-to-let market, with a record number of mortgage deals coupled with lower interest rates, is it a good time to become a landlord in England? Cons…
Company Voluntary Arrangement: What, Why, When?
I had an interesting meeting with the head of services for a local authority nervous about my client’s financial status following its entering into a Company Voluntary Arrangement (“CVA”). The client’s contract with the local…
Employment status revised for hair and beauty salons
HMRC has recently published guidance on whether people working in the hair and beauty industry should be treated as employed or self-employed. This is an important distinction for owners of such businesses who are renting…
Inheritance tax and lifetime gifts
With the inheritance tax (IHT) nil rate bands unchanged for 16 years, more individuals are making lifetime gifts to minimise IHT liability when they ultimately die. However, anyone making gifts needs to be aware of…
Lack of awareness around Making Tax Digital
With less than a year until quarterly filing under Making Tax Digital (MTD) is introduced, a recent survey has found that nearly one-third of sole traders are oblivious to the changes. Furthermore, for the other…
What you may rely on in court may not be AI
Representing yourself at the First Tier Tribunal is one thing, but relying on artificial intelligence (AI) as a basis for appealing an HMRC decision, without human verification, is quite another. Discovery assessment A recently heard…