# Brooks Green

> Chartered Accountants in Finchley, London


## Posts

- [Child benefits and the sting in the tail](https://brooksgreen.com/quarterly-news/autumn-2023/child-benefits-and-the-sting-in-the-tail/): If you or your partner get Child Benefit, keep the High Income Child Benefit charge (HICBC) in mind. High income for these purposes is lower than you might think.
- [What is full expensing and will it benefit you?](https://brooksgreen.com/quarterly-news/summer-2023/what-is-full-expensing-and-will-it-benefit-you/): Unveiled in the Spring Budget, it’s the highlight of what the government calls its new ‘capital allowances offer’. But what is full expensing? And […]
- [Different VAT rates for bundles prices](https://brooksgreen.com/quarterly-news/summer-2023/different-vat-rates-for-bundles-prices/): The classic example is the meal deal. The cold takeaway sandwich is zero-rated, the fizzy drink is standard-rated and the piece of confectionery is, […]
- [A Trade and customs update July 2023](https://brooksgreen.com/quarterly-news/summer-2023/a-trade-and-customs-update-july-2023/): Brexit has meant constant change for customs rules. What else is round the corner?
- [HMRC's new Advance Valuation Service](https://brooksgreen.com/quarterly-news/summer-2023/hmrcs-new-advance-valuation-service/): Getting the right method to work out the customs value of goods you import is complex. There is now a new HMRC service that […]
- [Cryptoassets to be included on UK tax returns in 2024](https://brooksgreen.com/quarterly-news/summer-2023/cryptoassets-to-be-included-on-uk-tax-returns-in-2024/): HMRC wants to raise awareness of the fact that cryptoasset transactions can mean tax bills – and there’s clearly some way to go.
- [Cars, vans and benefits in kind](https://brooksgreen.com/quarterly-news/summer-2023/cars-vans-and-benefits-in-kind/): If it’s a car you provide to your employee, the taxable benefit is higher. If it’s a van, the taxable benefit is lower. But […]
- [What is basis period reform and why does it matter?](https://brooksgreen.com/quarterly-news/summer-2023/what-is-basis-period-reform-and-why-does-it-matter/): It sounds entirely shoulder-shruggable: but basis period reform is like the bits under the bonnet. It makes the car go. In this case, it […]
- [How to avoid common payroll problems](https://brooksgreen.com/quarterly-news/summer-2023/how-to-avoid-common-payroll-problems/): Nearly 90% of businesses made payroll mistakes in the last year, research suggests. Errors can easily translate into overstretched payroll staff, who need to […]
- [Your pension. Then the Budget](https://brooksgreen.com/quarterly-news/summer-2023/your-pension-then-the-budget/): The rules underpinning what you can contribute to a pension, and the rules around the Lifetime Allowance, have changed significantly from 6 April 2023.
- [Companies House gets major new powers](https://brooksgreen.com/quarterly-news/spring-2023/companies-house-gets-major-new-powers/): The Economic Crime and Corporate Transparency Bill, currently going through parliament, impacts company directors, secretaries, and people with significant control.
- [The position on crypto losses](https://brooksgreen.com/quarterly-news/spring-2023/the-position-on-crypto-losses/): Cryptoassets are a hot topic, but amid the plunging prices of a crypto winter, what’s the position if you make a loss?
- [What does HMRC need to know about short-term property lets?](https://brooksgreen.com/quarterly-news/spring-2023/what-does-hmrc-need-to-know-about-short-term-property-lets/): Many websites urge property owners to start earning from their home or spare room – but what they don’t always mention is that HMRC […]
- [A Plastic Packaging Tax update](https://brooksgreen.com/quarterly-news/spring-2023/a-plastic-packaging-tax-update/): The Spring Budget 2023 confirmed an increase to the rate of Plastic Packaging Tax (PPT) from 1 April 2023.
- [Applying for time to pay employer's PAYE online](https://brooksgreen.com/quarterly-news/spring-2023/applying-for-time-to-pay-employers-paye-online/): HMRC’s time to pay facility offers a structured monthly repayment arrangement to taxpayers struggling to settle an outstanding tax liability in full, on time.
- [VAT and the option to tax explained](https://brooksgreen.com/quarterly-news/spring-2023/vat-and-the-option-to-tax-explained/): The VAT treatment of property can be challenging. Normally, supplies of land and buildings are exempt from VAT.
- [Hybrid and flexible working and the issues facing employers](https://brooksgreen.com/quarterly-news/spring-2023/hybrid-and-flexible-working-and-the-issues-facing-employers/): Non-standard work arrangements are now the not-so-new normal, and come with their own compliance risks. What are the areas to be aware of?
- [Director duties in landmark law case](https://brooksgreen.com/quarterly-news/spring-2023/director-duties-in-landmark-law-case/): Are there circumstances in which directors must act in, or at least consider, the interests of the company’s creditors?
- [Director remuneration hit sees new planning era](https://brooksgreen.com/quarterly-news/winter-2023/director-remuneration-hit-sees-new-planning-era/): Changes announced in the Autumn Statement will be keenly felt by many company directors, especially where profit extraction has traditionally relied on a strategy […]
- [Making Tax Digital postponed once again](https://brooksgreen.com/quarterly-news/winter-2023/making-tax-digital-postponed-once-again/): Making Tax Digital for income tax (MTD ITSA) has been postponed again. It will not now be mandated for any taxpayer until April 2026.
- [A taste of what the HMRC app can do](https://brooksgreen.com/quarterly-news/winter-2023/a-taste-of-what-the-hmrc-app-can-do/): HMRC’s app has been revamped in a move to push traffic online. Improved functionality lets you see, for example, your tax code, National Insurance […]
- [Higher tax bills for sole traders and partnerships](https://brooksgreen.com/quarterly-news/winter-2023/higher-tax-bills-for-sole-traders-and-partnerships/): The procedure for assessing when trading profits are taxed is changing radically.
- [New VAT rules for penalty and interest](https://brooksgreen.com/quarterly-news/winter-2023/new-vat-rules-for-penalty-and-interest/): For VAT accounting periods starting on or after 1 January 2023, it’s out with the old – the default surcharge regime; and in with […]
- [What to do when you make a mistake on a VAT return](https://brooksgreen.com/quarterly-news/winter-2023/what-to-do-when-you-make-a-mistake-on-a-vat-return/): The basic divide is between errors that need to be reported to HMRC in their own right, and errors that can simply be corrected […]
- [Autumn Statement see-saw for Research and Development tax relief](https://brooksgreen.com/quarterly-news/winter-2023/autumn-statement-see-saw-for-research-and-development-tax-relief/): Tax relief for Research and Development (R&D) expenditure changes from 1 April 2023.
- [Where are we with Venture capital tax relief?](https://brooksgreen.com/quarterly-news/winter-2023/where-are-we-with-venture-capital-tax-relief/): It’s all about providing early stage finance to new, higher-risk companies, and rewarding individual investors with generous tax relief for doing so.
- [HMRC compliance means more data and more questions](https://brooksgreen.com/quarterly-news/winter-2023/hmrc-compliance-means-more-data-and-more-questions/): HMRC’s ability to gather and analyse data is extensive, and with every piece of information it acquires, its ability to target compliance activity increases.
- [Have staff out of office? The rules are under review](https://brooksgreen.com/quarterly-news/autumn-2022/have-staff-out-of-office-the-rules-are-under-review/): With employees increasingly able to work from almost anywhere in the world, the Office of Tax Simplification (OTS) is examining the rules around tax […]
- [Staff tips and employer obligations](https://brooksgreen.com/quarterly-news/autumn-2022/staff-tips-and-employer-obligations/): Long-anticipated legislation to ensure workers keep the tips intended for them is finally going through parliament. It’s need to know employer information, particularly for […]
- [The Plastic Packaging Tax](https://brooksgreen.com/quarterly-news/autumn-2022/the-plastic-packaging-tax/): If your business imports or manufactures plastic packaging components, or regularly trades with a business that does so, the Plastic Packaging Tax (PPT) needs […]
- [Is it farewell to GDPR?](https://brooksgreen.com/quarterly-news/autumn-2022/is-it-farewell-to-gdpr/): The General Data Protection Regulation (GDPR) is getting a post-Brexit makeover as new data protection rules are planned. The Data Protection and Digital Information […]
- [HMRC clawback of CJRS payments comes to the tax tribunal](https://brooksgreen.com/quarterly-news/autumn-2022/hmrc-clawback-of-cjrs-payments-comes-to-the-tax-tribunal/): One of the first cases involving HMRC clawback of CJRS payments has recently come to the tax tribunal. It’s important because even though the […]
- [Did claims comply with the furlough scheme?](https://brooksgreen.com/quarterly-news/autumn-2022/did-claims-comply-with-the-furlough-scheme/): 1,100 HMRC staff, a set of FAQs and a negative outcome for a business at the tax tribunal. What’s the common factor? The answer […]
- [When couples separate and the capital gains tax change](https://brooksgreen.com/quarterly-news/autumn-2022/when-couples-separate-and-the-capital-gains-tax-change/): Couples whose marriage or civil partnership ends formally in divorce or dissolution get longer to make a fair and tax efficient distribution of assets […]
- [Accessing your business tax account](https://brooksgreen.com/quarterly-news/autumn-2022/accessing-your-business-tax-account/): Multi-factor authentication on Government Gateway accounts, including the business tax account (BTA), means getting the access code pinged to your phone. Sometimes, however, it […]
- [VAT and terminating a contract early](https://brooksgreen.com/quarterly-news/autumn-2022/vat-and-terminating-a-contract-early/): When someone charges a customer to withdraw from an agreement to supply goods or services, the position can be complicated. What is the position […]
- [HMRC research finds lack of understanding of pensions tax relief](https://brooksgreen.com/quarterly-news/summer-2022/hmrc-research-finds-lack-of-understanding-of-pensions-tax-relief/): “All I know is I’ve put in an amount of money… but how they come to that figure, no idea.” HMRC research into public […]
- [What’s going on with your National Insurance costs?](https://brooksgreen.com/quarterly-news/summer-2022/whats-going-on-with-your-national-insurance-costs/): National Insurance contributions (NICs) rose in April 2022, but the latest swing of the pendulum brings better news: an increase in the amount that […]
- [Homes for Ukraine scheme and what landlords need to know](https://brooksgreen.com/quarterly-news/summer-2022/homes-for-ukraine-scheme-and-what-landlords-need-to-know/): Payments received under the Homes for Ukraine sponsorship scheme are free of tax. Legislation setting this out will be included in the next Finance […]
- [EIS: Cameras, action and a happy tax ending](https://brooksgreen.com/quarterly-news/summer-2022/eis-cameras-action-and-a-happy-tax-ending/): The Enterprise Investment Scheme (EIS) is one of four venture capital schemes designed to allow certain types of small, higher-risk, unquoted trading companies to […]
- [Could the Trust Registration Service (TRS) impact you?](https://brooksgreen.com/quarterly-news/summer-2022/could-the-trust-registration-service-trs-impact-you/): Part of a European initiative to tackle money laundering and the financing of terrorism, the rules around the TRS now have consequences for many […]
- [Covid-19 support and a letter from HMRC](https://brooksgreen.com/quarterly-news/summer-2022/covid-19-support-and-a-letter-from-hmrc/): HMRC is still reviewing claims made for financial support during the pandemic. Most recently, HMRC compliance activity has focused on claims to the fourth […]
- [Capital gains tax and negligible value claims](https://brooksgreen.com/quarterly-news/summer-2022/capital-gains-tax-and-negligible-value-claims/): What happens if you own shares that have become all but worthless – say you bought shares at the start of the pandemic, and […]
- [What comes next for capital allowances](https://brooksgreen.com/quarterly-news/summer-2022/what-comes-next-for-capital-allowances/): The enhanced Annual Investment Allowance (AIA) and super-deduction come to an end on 31 March 2023 and the government is discussing the next step, […]
- [IR35 and off-payroll in 2022](https://brooksgreen.com/quarterly-news/spring-2022/ir35-and-off-payroll-in-2022/): It’s now a year since major change to the off-payroll working (OPW) rules. The OPW regime requires a decision on employment status to be […]
- [The Help to Grow scheme and the 50% discounts on approved software](https://brooksgreen.com/quarterly-news/spring-2022/the-help-to-grow-scheme-and-the-50-discounts-on-approved-software/): The government’s Help to Grow: Digital scheme offers a 50% discount, to a maximum of £5,000, on a range of approved software.
- [Basis period reform could impact your tax bill](https://brooksgreen.com/quarterly-news/spring-2022/basis-period-reform-could-impact-your-tax-bill/): Tax year 2023/24 brings important adjustments to the way tax liability is calculated for unincorporated businesses. The change is called basis period reform.
- [Employers advised to risk assess minimum wage payments](https://brooksgreen.com/quarterly-news/spring-2022/employers-advised-to-risk-assess-minimum-wage-payments/): New minimum wage rates took effect from 1 April 2022. There is, however, much more to minimum wage compliance than simply taking an annual […]
- [What you need to know about the Pimlico Plumbers holiday pay case](https://brooksgreen.com/quarterly-news/spring-2022/pimlico-plumbers-loses-unpaid-holiday-pay-case/): The employment status and associated rights of the workforce of Pimlico Plumbers Ltd have been battled out at the highest judicial levels for years. There […]
- [A guide to the Spring Statement 2022](https://brooksgreen.com/quarterly-news/spring-2022/guide-to-the-spring-statement-2022/): ‘The Chancellor will not make significant tax or spending announcements at the Spring Statement, unless the economic circumstances require it.’
- [The Health and Social Care Levy and National Insurance change explained](https://brooksgreen.com/quarterly-news/spring-2022/the-health-and-social-care-levy-and-national-insurance-change-explained/): Change to the National Insurance (NI) regime makes major demands on employers. It amounts to much more than making sure payroll systems are crunching […]
- [Capital gains tax and property disposals](https://brooksgreen.com/quarterly-news/winter-2022/capital-gains-tax-and-property-disposals/): Autumn Budget 2021 reset the capital gains tax (CGT) clock for payments on disposals of UK land and property.
- [Why timing matters for your capital spend](https://brooksgreen.com/quarterly-news/winter-2022/why-timing-matters-for-your-capital-spend/): Getting the maximum tax benefit from capital spending often involves a balance of considerations, and timing can be critical to the outcome. We look […]
- [The research and development myth busted](https://brooksgreen.com/quarterly-news/winter-2022/the-research-and-development-myth-busted/): Research and development (R&D). It’s what other people do. Right? The answer is, not necessarily. Many companies carry out R&D without realising that their […]
- [Tax free benefits for directors and employees](https://brooksgreen.com/quarterly-news/winter-2022/tax-free-benefits-for-directors-and-employees/): And it’s not too good to be true. Don’t be put off by the technical name. What are called ‘trivial’ benefits, are far from […]
- [A summary of pension changes](https://brooksgreen.com/quarterly-news/winter-2022/a-summary-of-pension-changes/): Our round up of pensions news highlights a number of changes you should be aware of.
- [The Tooth v HMRC case and two takeaway messages](https://brooksgreen.com/quarterly-news/winter-2022/the-tooth-v-hmrc-case-and-two-takeaway-messages/): A complex Supreme Court case in 2021 ended in taxpayer victory and we offer two takeaway messages.
- [Gift Aid and the 5 own goals to avoid](https://brooksgreen.com/quarterly-news/winter-2022/gift-aid-and-the-5-own-goals-to-avoid/): There’s no doubt that Gift Aid is good for charities. Latest statistics reveal that the average Gift Aid donor gives £360, though Northern Ireland […]
- [HMRC sets sights on cryptoassets](https://brooksgreen.com/quarterly-news/winter-2022/hmrc-sets-sights-on-cryptoassets/): For proof that cryptoassets are high profile, see Collins Dictionary’s 2021 word of the year. It’s NFT – non-fungible token.
- [Income tax administration to get a shake-up](https://brooksgreen.com/quarterly-news/autumn-2021/income-tax-administration-to-get-a-shake-up/): It’s not just technical tax talk – recent proposals could have a major impact on income tax liabilities.
- [Paying for social care costs](https://brooksgreen.com/quarterly-news/autumn-2021/paying-for-social-care-costs/): National Insurance Contributions (NICs) and dividend tax rates rise 1.25% in 2022 to fund a new health and social care package.
- [Outstanding tax and the latest from HMRC](https://brooksgreen.com/quarterly-news/autumn-2021/outstanding-tax-and-the-latest-from-hmrc/): Expect a sea change in HMRC’s approach to tax debt as the economy emerges from the pandemic.
- [Act now on employer funding](https://brooksgreen.com/quarterly-news/autumn-2021/act-now-on-employer-funding/): If you’re an employer, you can still tap into Covid-19 youth job creation funding.
- [Salary sacrifice and changing the small print](https://brooksgreen.com/quarterly-news/autumn-2021/salary-sacrifice-and-changing-the-small-print/): With the upheaval of Covid-19, employers may find themselves asked to change the terms of a salary sacrifice arrangement. What do you need to […]
- [Post Brexit teething problems with import VAT](https://brooksgreen.com/quarterly-news/autumn-2021/post-brexit-teething-problems-with-import-vat/): Accounting for import VAT on the VAT return, sometimes known as postponed VAT accounting (PVA), hasn’t been without its problems. We offer some practical […]
- [Brexit and the changes to come?](https://brooksgreen.com/quarterly-news/autumn-2021/brexit-and-the-changes-to-come/): Though last-minute announcements alter the timetable for import checks and controls, 1 January 2022 still sees significant new compliance requirements.
- [A look at Making Tax Digital in 2021](https://brooksgreen.com/quarterly-news/summer-2021/a-look-at-making-tax-digital-in-2021/): HMRC’s flagship Making Tax Digital (MTD) programme has seen many stops and starts over the years. Where are we now?
- [Trading loss and cash flow gain?](https://brooksgreen.com/quarterly-news/summer-2021/trading-loss-and-cash-flow-gain/): Temporary change to the rules on carrying back trade losses was announced in Budget 2021. Unlocking such tax relief could be a considerable cash […]
- [Self-employment Income Support Scheme, HMRC and your claim](https://brooksgreen.com/quarterly-news/summer-2021/self-employment-income-support-scheme-hmrc-and-your-claim/): As the Self-employment Income Support Scheme (SEISS) comes to a close, HMRC will continue to check claims rigorously.
- [Beware Covid-19 scams and the links presented](https://brooksgreen.com/quarterly-news/summer-2021/beware-covid-19-scams-and-the-links-presented/): Scam texts, emails and phone calls saying they’re from HMRC are on the rise. And it can be increasingly difficult to tell the real […]
- [New claim needed for employees working from home](https://brooksgreen.com/quarterly-news/summer-2021/new-claim-needed-for-employees-working-from-home/): During the pandemic, employees required to work from home have been able to claim tax relief for additional costs, if these are not reimbursed […]
- [Holiday leave and Covid-19](https://brooksgreen.com/quarterly-news/summer-2021/holiday-leave-and-covid-19/): As the economy starts to reopen, how flexible do employers have to be when it comes to time off for staff?
- [Tax and the side hustle](https://brooksgreen.com/quarterly-news/summer-2021/tax-and-the-side-hustle/): Tax and the side hustle. It can be difficult sometimes to know where a hobby stops and a trade begins.
- [Business as usual with pensions auto-enrolment](https://brooksgreen.com/quarterly-news/summer-2021/business-as-usual-with-pensions-auto-enrolment/): Pandemic or no pandemic, employer obligations remain. With the auto-enrolment (AE) compliance cycle still fairly new, what should you be doing now?
- [Capital taxes](https://brooksgreen.com/quarterly-news/budget-2021/capital-taxes-3/): Capital gains tax (CGT) rates No changes to the current rates of CGT have been announced at Budget 2021. This means that the rate […]
- [Introduction to Budget 2021](https://brooksgreen.com/quarterly-news/budget-2021/introduction-to-budget-2021/): The Chancellor Rishi Sunak presented his second Budget on Wednesday 3 March 2021. In his speech he stated his Budget ‘meets the moment with […]
- [Business tax updates from Budget 2021](https://brooksgreen.com/quarterly-news/budget-2021/business-tax-updates-from-budget-2021/): Coronavirus loan schemes In 2020, the government introduced a number of government-guaranteed coronavirus loan schemes. In December 2020 the Chancellor extended, until the end […]
- [Capital taxes](https://brooksgreen.com/quarterly-news/budget-2021/capital-taxes-budget-2021/): Capital gains tax (CGT) rates No changes to the current rates of CGT have been announced at Budget 2021. This means that the rate […]
- [Employment taxes](https://brooksgreen.com/quarterly-news/budget-2021/employment-taxes-2/): The Coronavirus Job Retention Scheme (JRS) The current JRS allows an employer to place an employee on furlough and apply for a grant to […]
- [Personal tax](https://brooksgreen.com/quarterly-news/budget-2021/personal-tax-2/): The personal allowance The personal allowance is currently £12,500. Budget 2018 announced that the allowance would remain at the same level until 2020/21 and […]
- [Other matters](https://brooksgreen.com/quarterly-news/budget-2021/other-matters-2/): Land and buildings transaction taxes Land and buildings transaction taxes are devolved to Scotland (Land and Buildings Transaction Tax) and Wales (Land Transaction Tax). […]
- [Your Business Tax Account in one click?](https://brooksgreen.com/quarterly-news/winter-2021/your-business-tax-account-in-one-click/): Think of it as the portal to HMRC’s online services. Many businesses will already have made use of their Business Tax Account (BTA), for […]
- [Claiming capital allowances](https://brooksgreen.com/quarterly-news/winter-2021/claiming-capital-allowances-2/): Businesses and owners of commercial property planning major capital purchases, take note. The temporary increase to the Annual Investment Allowance (AIA) limit is set […]
- [Deferred VAT payments: what now?](https://brooksgreen.com/quarterly-news/winter-2021/deferred-vat-payments-what-now/): What are the options if you took up the government’s offer to defer VAT payments between 20 March 2020 and 30 June 2020, and […]
- [Construction and a level playing field](https://brooksgreen.com/quarterly-news/winter-2021/construction-and-a-level-playing-field/): New measures tackle VAT fraud in construction and abuse of the Construction Industry Scheme (CIS) rules. From 1 March 2021, the VAT domestic reverse […]
- [Health-check your Self-employment Income Support Scheme claim](https://brooksgreen.com/quarterly-news/winter-2021/health-check-your-self-employment-income-support-scheme-claim/): With the Scheme rolled out at pace, plus change to the rules along the way, errors can creep into claims. HMRC may charge penalties […]
- [Corporation tax to go digital](https://brooksgreen.com/quarterly-news/winter-2021/corporation-tax-to-go-digital/): Making Tax Digital. It’s at the heart of the government’s vision of a modern, transformed tax administration. With a consultation now running, Making Tax […]
- [R&D tax credit cap](https://brooksgreen.com/quarterly-news/winter-2021/rd-tax-credit-cap/): What do new rules around R&D tax relief mean for small and medium-sized enterprises? Government concern about abuse of small and medium-sized enterprise (SME) […]
- [Why you need supply chain mapping](https://brooksgreen.com/quarterly-news/winter-2021/why-you-need-supply-chain-mapping/): Do you know where every item you need to bring your product to market comes from? From raw material to finished goods? Every step […]
- [Introduction to Budget 2020](https://brooksgreen.com/quarterly-news/budget-2020/introduction-to-budget-2020/): The Chancellor Rishi Sunak presented his first Budget on Wednesday 11 March 2020. In his speech he stated ‘we are at the beginning of […]
- [Business tax](https://brooksgreen.com/quarterly-news/budget-2020/business-tax/): Corporation tax rates Corporation tax rates have already been enacted for periods up to 31 March 2021. The main rate of corporation tax is […]
- [Employment taxes](https://brooksgreen.com/quarterly-news/budget-2020/employment-taxes/): National Insurance thresholds The government has recently announced National Insurance thresholds for 2020/21. Most thresholds will rise with inflation. Two thresholds, however, will rise […]
- [Personal tax](https://brooksgreen.com/quarterly-news/budget-2020/personal-tax/): The personal allowance The personal allowance is currently £12,500. Budget 2018 announced that the allowance will remain at the same level in 2020/21 and […]
- [Other matters](https://brooksgreen.com/quarterly-news/budget-2020/other-matters/): We cover some of the other matters from the Budget of 2020
- [Capital taxes](https://brooksgreen.com/quarterly-news/budget-2020/capital-taxes-budget-2020/): Capital gains tax (CGT) rates The current rates of CGT are 10%, to the extent that any income tax basic rate band is available, and […]
- [HMRC targets close companies](https://brooksgreen.com/quarterly-news/summer-2026/hmrc-targets-close-companies/): HMRC is targeting close companies with proposed new reporting requirements for transactions between companies and their participators.
- [Late payment crackdown confirmed](https://brooksgreen.com/quarterly-news/summer-2026/late-payment-crackdown-confirmed/): New legislation going through parliament introduces a 60-day cap on payment terms, mandatory interest, and a Small Business Commissioner.
- [Research and Development: errors to avoid](https://brooksgreen.com/quarterly-news/summer-2026/research-and-development-errors-to-avoid/): Unscrupulous advisers are landing businesses with massive tax bills. Learn how to navigate R&D tax relief claims properly.
- [Business Asset Disposal Relief claims under scrutiny](https://brooksgreen.com/quarterly-news/summer-2026/business-asset-disposal-relief-claims-under-scrutiny/): HMRC is writing to taxpayers regarding Business Asset Disposal Relief claims that may exceed the 1 million pound lifetime limit.
- [Inheritance Tax: navigating the exemptions](https://brooksgreen.com/quarterly-news/summer-2026/inheritance-tax-navigating-the-exemptions/): Navigate inheritance tax exemptions, annual gifting limits, and the normal expenditure out of income rules with expert insights.
- [HMRC ups game with state-of-the-art AI](https://brooksgreen.com/quarterly-news/summer-2026/hmrc-ups-game-with-state-of-the-art-ai/): HMRC has partnered with AI leaders Quantexa in a major deal to improve data linking, reduce duplication, and tackle non-compliance.
- [Family fun with temporary summer VAT rate](https://brooksgreen.com/quarterly-news/summer-2026/family-fun-with-temporary-summer-vat-rate/): A temporary 5% VAT rate applies over the summer holidays to selected family attractions, children's shows, and qualifying meals.
- [Tax fall-out from change to financial reporting standards](https://brooksgreen.com/quarterly-news/summer-2026/tax-fall-out-from-change-to-financial-reporting-standards/): Changes to FRS 102 take effect for accounting periods starting on or after 1 January 2026, bringing significant tax and compliance repercussions.
- [Changes companies need to keep on top of](https://brooksgreen.com/quarterly-news/spring-2026/changes-companies-need-to-keep-on-top-of/): Big changes are hitting UK companies. Directors and PSCs must verify their identity by November 2026 to file confirmation statements. Meanwhile, late filing penalties for Corporation Tax have doubled as of April 2026. Stay ahead of these ECCTA reforms and updated filing requirements.
- [Your divorce and your pension](https://brooksgreen.com/quarterly-news/spring-2026/your-divorce-and-your-pension/): Pensions are often a couple's most valuable asset, yet many overlook them during a divorce. From pension sharing orders to offsetting against the family home, discover the essential methods for dividing retirement funds and why specialist advice is vital for a fair valuation.
- [New VAT treatment for business donations to charity](https://brooksgreen.com/quarterly-news/spring-2026/new-vat-treatment-for-business-donations-to-charity/): From 1 April 2026, UK businesses donating goods to charities for distribution or non-business use no longer face a 20% VAT charge. While this makes donating surplus stock easier, businesses must navigate per-item value limits and strict evidence requirements to benefit from the relief.
- [State Pension age: what employers should be doing now](https://brooksgreen.com/quarterly-news/spring-2026/state-pension-age-what-employers-should-be-doing-now/): As the State Pension age begins its rise to 67 on 6 April 2026, employers must act now. From updating NI category letters to verifying employee age documents and managing tax code shifts, this guide covers the essential steps to ensure your payroll and communications remain compliant.
- [New rules on low value exports to the EU](https://brooksgreen.com/quarterly-news/spring-2026/new-rules-on-low-value-exports-to-the-eu/): From 1 July 2026, the EU is removing the duty-free exemption for small parcels. To combat fraud and unfair competition, a new interim flat rate customs duty of €3 will apply to consignments valued under €150. Discover how these reforms affect IOSS-registered sellers and multi-item shipments
- [New era for Statutory Sick Pay](https://brooksgreen.com/quarterly-news/spring-2026/new-era-for-statutory-sick-pay/): The Employment Rights Act 2025 transforms Statutory Sick Pay (SSP) from 6 April 2026. Major updates include removing the Lower Earnings Limit and the three-day waiting period. Employers must now budget for increased costs and prepare for oversight from the new Fair Work Agency.
- [Tax codes, and why everyone should check them](https://brooksgreen.com/quarterly-news/spring-2026/tax-codes-and-why-everyone-should-check-them/): With 5.6 million taxpayers overpaying £3.5 billion last year, verifying your tax code has never been more critical. From 2026/27, HMRC is automatically removing certain reliefs, making it essential to monitor your code and use the HMRC app to claim any unclaimed refunds you may be owed.
- [Tax relief for employees](https://brooksgreen.com/quarterly-news/spring-2026/tax-relief-for-employees/): The landscape of employee tax relief is shifting. Starting 6 April 2026, new exemptions will simplify how employers reimburse costs for homeworking equipment, flu jabs, and eye tests. However, the update also brings the removal of the flat-rate homeworking relief for those not reimbursed by their employers. Discover how these "swings and roundabouts" changes affect your workplace benefits and tax efficiency.
- [Making Tax Digital for Income Tax: What You Need to Do from April 2026](https://brooksgreen.com/quarterly-news/winter-2026/making-tax-digital-for-income-tax-what-you-need-to-do-from-april-2026/): Making Tax Digital for Income Tax is being phased in from April 2026 for sole traders and landlords above set income thresholds. Affected taxpayers must keep digital records and submit quarterly updates to HMRC using compatible software.
- [Inheritance Tax Changes to APR and BPR from April 2026](https://brooksgreen.com/quarterly-news/winter-2026/inheritance-tax-changes-to-apr-and-bpr-from-april-2026/): Planned changes to agricultural and business property relief for inheritance tax have been significantly improved. Following revisions to earlier proposals, qualifying couples may now pass on up to £5 million of business or agricultural assets free of IHT, subject to conditions set by HMRC.
- [New Online Process for Reporting VAT Errors to HMRC](https://brooksgreen.com/quarterly-news/winter-2026/new-online-process-for-reporting-vat-errors-to-hmrc/): HMRC has replaced the VAT652 form with an online process for notifying VAT return errors. While the correction rules stay the same, businesses must now report most errors digitally to avoid interest and penalties.
- [High Income Child Benefit Charge: Paying Through PAYE](https://brooksgreen.com/quarterly-news/winter-2026/high-income-child-benefit-charge-paying-through-paye/): HMRC now allows eligible taxpayers to pay the High Income Child Benefit Charge through PAYE by adjusting their tax code, removing the need to file a self assessment return in many cases.
- [Why AI Is No Substitute for Professional Advice in Tax Disputes](https://brooksgreen.com/quarterly-news/winter-2026/why-ai-is-no-substitute-for-professional-advice-in-tax-disputes/): A tax case at the Upper Tribunal highlights the risks of relying on AI-generated material. HMRC identified non-existent Tribunal decisions in documents prepared using AI, prompting a warning that taxpayers remain responsible for accuracy and evidence.
- [VAT Zero Rating and Food: Lessons from a Tax Tribunal Case](https://brooksgreen.com/quarterly-news/winter-2026/vat-zero-rating-and-food-lessons-from-a-tax-tribunal-case/): A Tax Tribunal case on the VAT treatment of nitrous oxide cream chargers shows how difficult food zero-rating can be in practice. Despite its culinary use, HMRC successfully argued the supply was standard-rated, leaving the taxpayer with a £1.4 million VAT bill.
- [Inside HMRC’s Use of Algorithms and Big Data](https://brooksgreen.com/quarterly-news/winter-2026/inside-hmrcs-use-of-algorithms-and-big-data/): HMRC uses advanced data analytics and algorithms to identify tax errors, evasion and hidden relationships between income and lifestyle. Its Connect system now raises billions in additional tax each year, making accurate records and compliance more important than ever.
- [New Charity Tax Rules from April 2026: What Trustees Need to Know](https://brooksgreen.com/quarterly-news/winter-2026/new-charity-tax-rules-from-april-2026-what-trustees-need-to-know/): New charity tax compliance rules taking effect from April 2026 will tighten the treatment of donations, investments and legacies. Trustees and managers should prepare for increased scrutiny and stronger HMRC enforcement powers.
- [Inheritance Tax: 2026 Cap on Business & Agricultural Relief](https://brooksgreen.com/quarterly-news/autumn-2025/inheritance-tax-2026-cap-on-business-agricultural-relief/): Major IHT changes from 2026 cap BPR & APR at £1M—plan now to manage new tax liabilities.
- [Winter Fuel Payments: New Eligibility Rules and Opt-Out Options](https://brooksgreen.com/quarterly-news/autumn-2025/winter-fuel-payments-new-eligibility-rules-and-opt-out-options/): More pensioners can claim Winter Fuel Payments, but higher earners may see HMRC recover amounts.
- [Employment Status: When Volunteers Can Be Treated as Workers](https://brooksgreen.com/quarterly-news/autumn-2025/employment-status-when-volunteers-can-be-treated-as-workers/): Key case shows when volunteers may be classed as workers, affecting rights and employer duties.
- [Private Residence Relief: A Recent Property Case](https://brooksgreen.com/quarterly-news/autumn-2025/private-residence-relief-lessons-from-a-recent-27m-property-case/): Tribunal rules on PRR for a £27m Chelsea house show the importance of genuine residence and lifestyle evidence.
- [Making Tax Digital 2026: Key Updates for Income Tax and Corporation Tax](https://brooksgreen.com/quarterly-news/autumn-2025/making-tax-digital-2026-key-updates-for-income-tax-and-corporation-tax/): HMRC updates Making Tax Digital for Income Tax, with changes for sole traders and a rethink on Corporation Tax.
- [Cryptoassets to Become More Visible to HMRC Under New 2026 Reporting Rules](https://brooksgreen.com/quarterly-news/autumn-2025/cryptoassets-to-become-more-visible-to-hmrc-under-new-2026-reporting-rules/): New 2026 rules require crypto users and service providers to report transactions to HMRC.
- [Why HMRC Is Focusing on Directors’ Loan Accounts](https://brooksgreen.com/quarterly-news/autumn-2025/why-hmrc-is-focusing-on-directors-loan-accounts/): HMRC is reviewing directors’ loan accounts. Learn the tax risks, reporting duties and when to seek advice.
- [How Small Businesses Can Stay Off HMRC’s Risk Radar](https://brooksgreen.com/quarterly-news/autumn-2025/the-tax-gap-how-small-businesses-can-stay-off-hmrcs-risk-radar/): HMRC’s tax gap has risen to £46.8bn. See why small businesses are most at risk and how to stay compliant.
- [No Tax Return Required? What HMRC’s Changes Really Mean](https://brooksgreen.com/quarterly-news/summer-2025/no-tax-return-required-what-hmrcs-changes-really-mean/): The government announced earlier this year that up to 300,000 people would no longer need to file a tax return.
- [Making Tax Digital for Income Tax: Key Dates and Details](https://brooksgreen.com/quarterly-news/summer-2025/making-tax-digital-for-income-tax-key-dates-and-details/): It’s been called the biggest change since the introduction of self assessment in the 1990s – and for the first taxpayers impacted, Making Tax […]
- [Benefits in Kind: Tax Impact of the New Official Interest Rate](https://brooksgreen.com/quarterly-news/summer-2025/benefits-in-kind-tax-impact-of-the-new-official-interest-rate/): The Official Rate of Interest (ORI) increased from 2.25% to 3.75% on 6 April 2025. What sounds like a minimal adjustment is, in fact, […]
- [Gig Economy Faces New Right to Work Check Requirements](https://brooksgreen.com/quarterly-news/summer-2025/gig-economy-faces-new-right-to-work-check-requirements/): Right to work checks are being extended to gig and zero-hours workers. Learn what this means for your business.
- [Payrolling Benefits in Kind: New Start Date](https://brooksgreen.com/quarterly-news/summer-2025/payrolling-benefits-in-kind-new-start-date-and-what-to-expect/): Compulsory payrolling of benefits in kind has been delayed to April 2027. Find out what this means for employers.
- [PAYE Collection for High Income Child Benefit Charge](https://brooksgreen.com/quarterly-news/summer-2025/paye-collection-for-high-income-child-benefit-charge/): HMRC to collect High Income Child Benefit Charge via PAYE from summer 2025, simplifying the current self assessment process.
- [Umbrella Companies: Understanding the Risks and New Rules](https://brooksgreen.com/quarterly-news/summer-2025/umbrella-companies-understanding-the-risks-and-new-rules/): HMRC targets non-compliant umbrella companies. Find out what’s changing and who will now be responsible for PAYE.
- [Why Paying Tax on Time Matters More Than Ever](https://brooksgreen.com/quarterly-news/summer-2025/why-paying-tax-on-time-matters-more-than-ever/): With HMRC interest rates up, late tax payments are costlier than ever. Find out why prompt payment makes commercial sense.
- [Making tax digital for Income Tax goes live from April 2026](https://brooksgreen.com/quarterly-news/spring-2025/making-tax-digital-for-income-tax-goes-live-from-april-2026/): Making Tax Digital for Income Tax (MTD IT) begins its rollout in April 2026, changing how millions of taxpayers report income to HMRC. With mandatory quarterly updates and digital records required, it’s vital to start planning now if you’re likely to be in scope.
- [Tax now among the top business concerns amid economic uncertainty](https://brooksgreen.com/quarterly-news/spring-2025/tax-now-among-the-top-business-concerns-amid-economic-uncertainty/): The Office for National Statistics (ONS) regularly reports on how UK businesses feel about the economy, their concerns, and assessment of their performance. For […]
- [Changes to company size thresholds will impact off-payroll working and IR35 compliance](https://brooksgreen.com/quarterly-news/spring-2025/changes-to-company-size-thresholds-will-impact-off-payroll-working-and-ir35-compliance/): From April 2025, new company size thresholds will change how off-payroll working and IR35 rules apply. Companies may see lighter reporting requirements, but intermediaries should prepare for new responsibilities.
- [HMRC cancels new employee data requirement for PAYE reporting](https://brooksgreen.com/quarterly-news/spring-2025/hmrc-cancels-new-employee-data-requirement-for-paye-reporting/): HMRC has cancelled plans to require employers to report detailed employee hours for PAYE starting in 2026. However, employers must still comply with minimum wage regulations and track working hours carefully.
- [New neonatal care Leave and pay entitlements for working parents from April 2025](https://brooksgreen.com/quarterly-news/spring-2025/new-neonatal-care-leave-and-pay-entitlements-for-working-parents-from-april-2025/): From 6 April 2025, new statutory entitlements give working parents time off and pay when their baby requires neonatal care. These rights offer vital support during what can be a challenging start to family life and will require employers to update leave policies and payroll systems.
- [New Self Assessment reporting rules from April 2025: What taxpayers need to know](https://brooksgreen.com/quarterly-news/spring-2025/new-self-assessment-reporting-rules-from-april-2025-what-taxpayers-need-to-know/): Starting in April 2025, some taxpayers - particularly directors of close companies and the self-employed - will face new mandatory questions on their Self Assessment tax returns.
- [R&D Tax Relief in 2025: Key changes and what they mean for you](https://brooksgreen.com/quarterly-news/spring-2025/rd-tax-relief-in-2025-key-changes-and-what-they-mean-for-you/): To deal with high levels of error and fraud, the Research and Development (R&D) tax relief regime has been significantly reshaped since 2023, and HMRC risk assessment is now much sharper.
- [Why staying on top of your tax account matters](https://brooksgreen.com/quarterly-news/spring-2025/why-staying-on-top-of-your-tax-account-matters/): When a taxpayer missed a filing error in thier online tax return, it cost them penalties - despite owing no tax. His story is a reminder to stay vigilant with HMRC’s paperless system.
- [Tax Changes for Double Cab Pick-Ups: What You Need to Know](https://brooksgreen.com/quarterly-news/winter-2025/tax-changes-for-double-cab-pick-ups-what-you-need-to-know/): Autumn 2024 Budget revises tax rules for double cab pick-ups, impacting benefit-in-kind and capital allowances starting April 2025.
- [HMRC Scrutiny on PAYE Employment Expense Claims and Evidence](https://brooksgreen.com/quarterly-news/winter-2025/hmrc-scrutiny-on-paye-employment-expense-claims-and-evidence/): HMRC is increasing scrutiny on PAYE expense claims, requiring evidence for claims and introducing a new online system for submissions starting December 2024.
- [SDLT: what makes property uninhabitable?](https://brooksgreen.com/quarterly-news/winter-2025/sdlt-what-makes-property-uninhabitable/): HMRC explains what qualifies as "uninhabitable" for SDLT refunds, clarifying common repair issues that don’t meet the criteria for a refund.
- [Making extra income with a trade or hobby?](https://brooksgreen.com/quarterly-news/winter-2025/making-extra-income-with-a-trade-or-hobby/): HMRC’s new tool helps those with extra income, like from renting or online content, decide if they need to register for self-assessment and file a tax return.
- [Employment Status: Supreme Court Ruling and Implications for Employers](https://brooksgreen.com/quarterly-news/winter-2025/employment-status-supreme-court-ruling-and-implications-for-employers/): The article discusses a Supreme Court case on employment status, highlighting key factors and challenges in determining workers' employment relationships.
- [Child Benefit: A need-to-know for 2025](https://brooksgreen.com/quarterly-news/winter-2025/child-benefit-a-need-to-know-for-2025/): We explain the High Income Child Benefit Charge, options to opt-out, and updates on Home Responsibilities Protection for State Pension entitlement.
- [HMRC’s view of the VAT pitfalls](https://brooksgreen.com/quarterly-news/winter-2025/hmrcs-view-of-the-vat-pitfalls/): HMRC has recently issued new, detailed Guidelines for Compliance for VAT. ‘Help with VAT compliance controls’ aims to help businesses understand HMRC’s expectations and […]
- [Paid help at home?](https://brooksgreen.com/quarterly-news/winter-2025/paid-help-at-home/): We outline employer duties for home help, covering tax, rights, employment status, and key updates on minimum wage and legal responsibilities.
- [HMRC construction industry concerns](https://brooksgreen.com/quarterly-news/autumn-2024/hmrc-construction-industry-concerns/): Subcontractor verification is under HMRC's spotlight. With records showing that some contractors are making incorrect Construction Industry Scheme (CIS) deductions, HMRC is currently taking a keen interest in the construction sector.
- [HMRC's offer of Time to Pay for tax owing](https://brooksgreen.com/quarterly-news/autumn-2024/hmrcs-offer-of-time-to-pay-for-tax-owing/): HMRC offers Time to Pay (TTP) where a business or individual is struggling to make a tax payment because of genuine financial hardship or personal difficulties.
- [Getting Joint property ownership right](https://brooksgreen.com/quarterly-news/autumn-2024/getting-joint-property-ownership-right/): A key Tax Tribunal case involved a taxpayer's appeal against penalties for failing to notify HMRC of a property letting income tax liability.
- [Major change for holiday lets](https://brooksgreen.com/quarterly-news/autumn-2024/major-change-for-holiday-lets/): Preferential tax rules for furnished holiday lettings (FHLs) end in April 2025, removing any tax incentive to offer short-term holiday lets, rather than letting residential property on a longer basis.
- [Extra staff for Christmas](https://brooksgreen.com/quarterly-news/autumn-2024/extra-staff-for-christmas/): Employers boosting their workforce need to remember the pensions automatic enrolment rules. We outline what to look out for.
- [Employers: avoid unwanted attention from HMRC](https://brooksgreen.com/quarterly-news/autumn-2024/employers-avoid-unwanted-attention-from-hmrc/): The latest tax gap figures show a black hole of more than £3 billion for PAYE. This gap is being put down to employer errors.
- [HMRC’s new VAT tool](https://brooksgreen.com/quarterly-news/autumn-2024/hmrcs-new-vat-tool/): If you are thinking about registering voluntarily for VAT, or hovering around the £90,000 compulsory registration threshold, the new VAT Registration Estimator tool from HMRC could be for you.
- [HMRC targets sales of cats and dogs](https://brooksgreen.com/quarterly-news/autumn-2024/hmrc-targets-sales-of-cats-and-dogs/): If you’ve made money from breeding or selling cats, dogs and other animals, HMRC thinks there are widespread instances of failure to pay tax on such income, and it’s writing to those it believes are involved.
- [Staff tips: when do new employer duties begin?](https://brooksgreen.com/quarterly-news/summer-2024/staff-tips-when-do-new-employer-duties-begin/): A new Code of Practice on the fair and transparent distribution of tips was published and laid before Parliament. Here's the latest.
- [HMRC publicises areas of error in claims for plant and machinery allowances](https://brooksgreen.com/quarterly-news/summer-2024/hmrc-publicises-areas-of-error-in-claims-for-plant-and-machinery-allowances/): HMRC is publicising areas of error when claiming plant and machinery allowances to help keep on the right side of the rule.
- [An update to automatic pension enrolment](https://brooksgreen.com/quarterly-news/summer-2024/an-update-to-automatic-pension-enrolment/): Significant change to the pensions automatic enrolment regime, extending enrolment to younger workers, and removing the lower earnings threshold for qualifying earnings, has been on the horizon for some time. Here's the latest.
- [Changes to the reporting of taxable benefits](https://brooksgreen.com/quarterly-news/summer-2024/changes-to-the-reporting-of-taxable-benefits/): From April 2026, it’s expected that employers will be required to report and pay Income Tax and Class 1A National Insurance contributions on benefits in kind in real time, via payroll software.
- [What constitutes Scottish taxpayer status?](https://brooksgreen.com/quarterly-news/summer-2024/what-constitutes-scottish-taxpayer-status/): Correctly identifying Scottish taxpayer status matters. With Scottish Income Tax rates and bands steadily diverging from those in the rest of the UK, employers […]
- [HMRC shifts ground on training costs](https://brooksgreen.com/quarterly-news/summer-2024/hmrc-shifts-ground-on-training-costs/): Updated HMRC guidance makes interesting reading if you are self-employed and decide to upskill. Is the training tax deductible — or not? There are […]
- [If HMRC ask you to prove your main residence, could you?](https://brooksgreen.com/quarterly-news/summer-2024/if-hmrc-ask-you-to-prove-your-main-residence-could-you/): If HMRC ask you to prove your main residence, could you? This is a very important question when it comes to Capital Gains Tax (CGT) and Private Residence Relief.
- [Travel expenses for flexible and hybrid workers](https://brooksgreen.com/quarterly-news/summer-2024/travel-expenses-for-flexible-and-hybrid-workers/): Travel costs make up a large part of necessary expenditure for many businesses. With the shift to some form of out of office working […]
- [The Budget 2024 surprises](https://brooksgreen.com/quarterly-news/spring-2024/the-budget-2024-surprises/): If they weren’t exactly rabbits out of the hat, Spring Budget 2024 still sprang its share of surprises. VAT registration limit Having been frozen […]
- [HMRC eyes potentially underdeclared dividend income](https://brooksgreen.com/quarterly-news/spring-2024/hmrc-eyes-potentially-underdeclared-dividend-income/): HMRC is using its data analytic powers to contact taxpayers where it thinks there’s a chance that income has been overlooked. What it’s interested […]
- [Changes to the minimum wage](https://brooksgreen.com/quarterly-news/spring-2024/changes-to-the-minimum-wage/): We outline the new minimum wage rates that came into effect on 1st April 2024
- [Where are we with National Insurance?](https://brooksgreen.com/quarterly-news/spring-2024/where-are-we-with-national-insurance/): Spring Budget 2024 announced further cuts to National Insurance contributions (NICs) taking effect from the start of the tax year, 6 April 2024. It’s […]
- [AI generates a cocktail of fake cases against HMRC](https://brooksgreen.com/quarterly-news/spring-2024/ai-generates-a-cocktail-of-fake-cases-against-hmrc/): We bring you news of a case at the tax tribunal where HMRC sought penalties for a taxpayer’s failure to notify liability to CGT […]
- [Capital Gains Tax in the news again](https://brooksgreen.com/quarterly-news/spring-2024/capital-gains-tax-in-the-news-again/): We outline the ongoing and significant changes to the already complex Capital Gains Tax (CGT) rules.
- [Commodity codes in trade and customs](https://brooksgreen.com/quarterly-news/spring-2024/commodity-codes-in-trade-and-customs/): A figure of Captain America, the Tin Man, some Norse gods and Grey Worm all came before the tax tribunal recently in a case about commodity codes.
- [Introduction to Budget 2024](https://brooksgreen.com/quarterly-news/budget-2024/introduction-to-budget-2024/): Chancellor Jeremy Hunt delivered his ‘Budget for Long Term Growth’ on Wednesday 6 March 2024. His speech promised ‘more investment, more jobs, better public […]
- [Personal taxes](https://brooksgreen.com/quarterly-news/budget-2024/personal-taxes-budget-2024/): Tax bands and rates The basic rate of tax is 20%. For 2024/25 the band of income taxable at this rate is £37,700 so […]
- [Employment taxes](https://brooksgreen.com/quarterly-news/budget-2024/employment-taxes-budget-2024/): National Insurance contributions The Chancellor has previously announced major changes to the National Insurance contributions (NICs) system. Employees and NICs Following the Autumn Statement […]
- [Business tax](https://brooksgreen.com/quarterly-news/budget-2024/business-tax-budget-2024/): Corporation Tax rates The government has confirmed that the rates of Corporation Tax will remain unchanged, which means that, from April 2024, the rate […]
- [Capital taxes](https://brooksgreen.com/quarterly-news/budget-2024/capital-taxes-budget-2024/): Capital Gains Tax rates The Capital Gains Tax (CGT) rate remains at 10%, to the extent that any income tax basic rate band is […]
- [Other matters from Budget 2024](https://brooksgreen.com/quarterly-news/budget-2024/other-matters-from-budget-2024/): The VAT registration threshold After many years of having been frozen, the government will increase the VAT registration threshold from £85,000 to £90,000 and […]
- [How HMRC communicates and knowing the real from the fake](https://brooksgreen.com/quarterly-news/winter-2024/how-hmrc-communicates-and-knowing-the-real-from-the-fake/): Out of the blue, a text or phone call claiming to be HMRC. It threatens legal action over your tax, or tells you your […]
- [Construction industry tax compliance](https://brooksgreen.com/quarterly-news/winter-2024/construction-industry-tax-compliance/): New change raises the bar for gross payment status (GPS). GPS allows subcontractors to be paid gross under the construction industry scheme (CIS), without […]
- [Retirement and pensions round-up](https://brooksgreen.com/quarterly-news/winter-2024/retirement-and-pensions-round-up/): A recent survey by the Money and Pensions Service (MaPS) found that more than half of people don’t know what happens to their pension […]
- [Doing business after Brexit](https://brooksgreen.com/quarterly-news/winter-2024/doing-business-after-brexit/): Leaving the EU has meant new rules and procedures when importing and exporting goods. With major regulatory changes still taking place, what comes next? […]
- [Making Tax Digital: remodelled and going ahead](https://brooksgreen.com/quarterly-news/winter-2024/making-tax-digital-remodelled-and-going-ahead/): Autumn Statement 2023 has confirmed the start dates for Making Tax Digital for Income Tax (MTD ITSA). In outline, MTD ITSA involves keeping digital […]
- [Cash basis change means choice for unincorporated businesses](https://brooksgreen.com/quarterly-news/winter-2024/cash-basis-change-means-choice-for-unincorporated-businesses/): Rules extending use of the cash basis to calculate trading profits need consideration now. At present, accounts for the self-employed and partnerships are taxed […]
- [HMRC pay by bank account service](https://brooksgreen.com/quarterly-news/winter-2024/hmrc-pay-by-bank-account-service/): HMRC is offering a new facility as part of its pay by bank account service. Previously, payment has been required at the same time […]
- [Employer advice ahead of major change for payroll](https://brooksgreen.com/quarterly-news/winter-2024/employer-advice-ahead-of-major-change-for-payroll/): Forthcoming changes highlight the need for employers to deal confidently with the underlying rules. Know the rules, not just the rates, with the minimum […]
- [Paying voluntary National Insurance contributions](https://brooksgreen.com/quarterly-news/autumn-2023/paying-voluntary-national-insurance-contributions/): It’s all about plugging holes in your National Insurance record. And that in turn, is about making sure there are enough years of National Insurance contributions (NICs), or National Insurance credits, to get the full State Pension.
- [HMRC detective work means tax bill for eBay trader](https://brooksgreen.com/quarterly-news/autumn-2023/hmrc-detective-work-means-tax-bill-for-ebay-trader/): Online sales: one of those areas where awareness of tax is often low. On the one hand, someone with a day job and a sideline on eBay, who didn’t think he had any trading income.
- [Companies face R&D single scheme uncertainty](https://brooksgreen.com/quarterly-news/autumn-2023/companies-face-rd-single-scheme-uncertainty/): The government has now consulted on replacing the two existing Research and Development (R&D) schemes for tax relief with a single merged scheme. The result: uncertainty.
- [New employee checks](https://brooksgreen.com/quarterly-news/autumn-2023/new-employee-checks/): HMRC is publicising a new way that employers can be provided with an employee’s National Insurance number (NINO).
- [Covid support payments still on HMRC’s radar](https://brooksgreen.com/quarterly-news/autumn-2023/covid-support-payments-still-on-hmrcs-radar/): One widget or two? With support schemes having lost between £3.3 billion and £7.3 billion to error and fraud, HMRC isn’t letting go now.
- [What is extended producer responsibility for packaging?](https://brooksgreen.com/quarterly-news/autumn-2023/what-is-extended-producer-responsibility-for-packaging/): As part of the government’s pledge to eliminate avoidable waste, and recycle a greater proportion of municipal waste, the rules on recycling responsibilities are changing.
- [ICO issues new guidance on GDPR right of access](https://brooksgreen.com/quarterly-news/autumn-2023/ico-issues-new-guidance-on-gdpr-right-of-access/): The Information Commissioner’s Office (ICO) has recently issued new guidance for businesses and employers about how SARs should be dealt with.

## Pages

- [Business startups](https://brooksgreen.com/services/business-startups/): You have a great idea. You have all the skills and the backing you need. What next? We have a wealth of experience in […]
- [Audit](https://brooksgreen.com/services/audit/): The audit function is not an expensive nuisance. It can be used to improve your business. Apart from certain exceptions (please check with us), […]
- [Legal & Regulatory](https://brooksgreen.com/legal-regulatory/): Audit We are registered to carry out on audit work in the UK by the Institute of Chartered Accountants in England and Wales and […]
- [Search](https://brooksgreen.com/search/): Use the search field above to find what you are looking for and we’ll display the results here.
- [Terms of use](https://brooksgreen.com/terms-of-use/): We hope that you find our website informative and useful and you are free to enjoy the content. In doing so you are agreeing […]
- [Accessibility](https://brooksgreen.com/accessibility/): Brooks Green seeks to provide a website that is accessible to the widest possible audience, regardless of technology or ability and in doing so […]
- [Contact us](https://brooksgreen.com/contact-us/): Find out how you can benefit from our expertise Simply give us a call or send us a message We are here from 09:00 […]
- [Privacy policy](https://brooksgreen.com/privacy-policy/): Naturally as accountants we are appreciative and respectful of your privacy. We also appreciate the value of trust. In this regard and keeping it simple; […]
- [Why choose us](https://brooksgreen.com/about-us/why-choose-us/): We guarantee to underwrite the costs of a Business Development Profit Improvement Programme (PIP) which means that you have nothing to lose in undertaking […]
- [The team](https://brooksgreen.com/about-us/the-team/): Our team comprises professionals with many years of experience and our intuitive, unique approach, crafted over generations, is designed to help you increase and […]
- [History](https://brooksgreen.com/about-us/history/): The history of how Brooks Green came to be spans some eighty plus years and it all begins in 1936 with a Mr Ruben […]
- [About us](https://brooksgreen.com/about-us/): We offer a premier service to clients seeking great value. We get to know you and your business to provide tailored advice that gives […]
- [Business support](https://brooksgreen.com/services/business-support/): Lighten your burden with a selection of services that assist you to comply with your regulatory obligations. You simply choose the services that you […]
- [Inheritance tax](https://brooksgreen.com/services/inheritance-tax/): In March 1986 during a debate in parliament, Roy Jenkins famously said; Inheritance Tax is, broadly speaking, a voluntary levy paid by those who […]
- [Business Development](https://brooksgreen.com/services/business-development/): We can help you to develop and fine-tune your business with careful strategic reviews and add value to your business. Learn the 4 ways […]
- [Tax planning](https://brooksgreen.com/services/tax-planning/): You are entitled to arrange your affairs and pay the absolute legal minimum. Whilst we won’t actually pay your tax for you, we will […]
- [Accountancy](https://brooksgreen.com/services/accountancy/): Our approach is based on the client’s specific needs, with expert attention to detail drawn from years of experience, resulting in a higher client- […]
- [Services](https://brooksgreen.com/services/): Growing your business is our business. Let us turn your business dreams into reality rather than simply rolling the dice! Let us help you […]
- [Quarterly news](https://brooksgreen.com/quarterly-news/)
- [Home](https://brooksgreen.com/): Our team of chartered accountants have many years of experience and our intuitive, unique approach, crafted over generations, is designed to help you increase […]

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