Changes to FRS 102 take effect for accounting periods starting on or after 1 January 2026, bringing significant tax and compliance repercussions.
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.
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.
Inheritance Tax: navigating the exemptions
Navigate inheritance tax exemptions, annual gifting limits, and the normal expenditure out of income rules with expert insights.
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.
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.
Late payment crackdown confirmed
New legislation going through parliament introduces a 60-day cap on payment terms, mandatory interest, and a Small Business Commissioner.
HMRC targets close companies
HMRC is targeting close companies with proposed new reporting requirements for transactions between companies and their participators.
