Newsletter
Regular Tax Mistakes Landlords Make
With increasing HMRC scrutiny and continued changes in UK property taxation, landlords must ensure their rental income and related expenses are reported correctly. In practice, we frequently encounter recurring mistakes that can lead to higher tax liabilities,...
UK Spring Statement 2026 – Key Highlights
Delivered by Chancellor Rachel Reeves on Tuesday, 3 March 2026, the Spring Statement provides an updated outlook on the economy, public finances, and support measures. 1. Economic Outlook: Slower Growth but Stability Ahead Growth: GDP forecast downgraded to 1.1% in...
Understanding HMRC Enquiries
When HM Revenue and Customs (HMRC) opens an enquiry into a tax return, it is essential to understand the type of enquiry being conducted, what HMRC is legally entitled to request, and how to respond in a way that protects your position. Types of HMRC Enquiries...
Zero hours Contract
What is the current policy/legal framework? Recent data shows over 1 million people in the UK work on zero hours contracts.1 Flexible hours of work can benefit both workers and employers but without proper safeguards this flexibility can become one-sided, with workers...
India’s Union Budget 2026-27: Accountant’s Guide to Fiscal Reforms and UK Trade Gains
India's Union Budget 2026-27, presented by Finance Minister Nirmala Sitharaman on February 1, 2026, delivers fiscal discipline with ₹12.2 lakh crore capital expenditure, a 4.3% fiscal deficit, and debt-to-GDP ratio at 55.6%. Targeting 7%+ GDP growth through "Yuva...
Investing in Property: Individual vs Company Ownership
Direct investment in property can be structured in several ways. The most common are ownership as an individual (or partnership, including LLPs) or through an investment company limited by shares. Other options, such as using a trading company or a pension scheme, may...
Rental Income & Joint Ownership: The 50:50 Trap
When spouses or civil partners own an investment property together, the default "rule of thumb" is that the rental income is split 50:50 for tax purposes. However, a recent tax tribunal case (Moss v HMRC [2025]) serves as a stark reminder that this rule isn't...
Case Study: The “Generous Parent” Tax Trap
It is a common story: a family member wants to help a young entrepreneur get their business off the ground by financing a major purchase—like a van or specialized equipment. However, as one recent case illustrates, good intentions without proper tax planning can lead...
Planning Ahead: New Caps on Pension Salary Sacrifice (2029)
For many years, salary sacrifice has been one of the most tax-efficient ways to build a pension. However, following the latest Budget, a significant shift is on the horizon. From 6 April 2029, the National Insurance (NI) advantages of these arrangements will be...
Tax Update: Modernising Gift Holdover Relief in 2026
Succession planning is a cornerstone of long-term business strategy, and Gift Holdover Relief is often the engine that makes it possible. Following the recent Budget, the government has announced a "modernisation" of this relief set for 2026. While the term...