The first Making Tax Digital (MTD) for Income Tax (IT) quarterly deadline of 7 August 2026 has now passed, with more than 436,000 sole traders and landlords filing their first MTD quarterly update. As expected with any new reporting regime,
Life Insurance in Trust: Why It Matters and How It Can Protect Your Family
Do you have a life insurance policy? Is it written into trust? Why is this important? Life insurance policies will pay out a lump sum to your chosen beneficiaries, normally your spouse and children, when you die. Many individuals hold
Registration requirement for the Automatic Exchange of Information Regulations (AEOI)
In recent years, there has been an increase in measures introduced by the Government to tackle tax evasion. Many of these measures have been focused on non-residents and overseas (offshore) investments. In an attempt for greater transparency, the UK Government
The Winter Fuel Payment – a new income tax charge!
If you are in receipt of the State Pension, then there is every chance that you are also receiving the Winter Fuel Payment (WFP). This tends to be paid directly into your bank account in November each year and can
Mandatory Payrolling of Benefits in Kind
HMRC are changing how employers report and tax Benefits in Kind (BIK). From April 2027, mandatory payrolling will replace the traditional reporting through P11D forms for some benefits. This marks one of the biggest shifts in employee benefits reporting in decades