Buybacks, demergers and capital reductions: HMRC proposes an overhaul
Amid all the noise around Tax Update 2026, one consultation has had less attention than it probably deserves.
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The MTD payment promise: Is it about to change?
When Making Tax Digital for Income Tax Self Assessment (MTD for ITSA) was first introduced, HMRC was clear that the new tax recording and reporting regime would not change when…
Bank lending to UK businesses has dropped to the lowest level in 30 years
Weak economic growth and tighter regulations on lenders are to blame for the largest drop in bank lending to UK businesses in 30 years, according to new data. A study…
HMRC raise mileage rates and allowances
Chancellor Rachel Reeves announced an increase in HMRC’s approved mileage rates for cars and vans from April 2026 for the first time since 2011 in a speech to the House…
Classic cars, jewellery and handbags – How high luxury is accounted for in Inheritance Tax
Inheritance Tax (IHT) is paid on all items of your estate after you pass away if you exceed certain thresholds. Whilst many people focus on their savings, properties and investments,…
Government summer savings spree adds complexity to VAT for hospitality and tourism
When Rachel Reeves announced a temporary cut in VAT from 20 per cent to five per cent for family attractions and children’s dining over the summer holidays, the hospitality and…