Making tax digital for income tax: HMRC to contact taxpayers from April 2025
Written by Director of Transformation, Russell Frayne If you’re a sole trader or landlord earning more than £50,000, you can expect to hear from HMRC about Making Tax Digital (MTD) from April 2025. Letters are being sent out to raise awareness and help taxpayers prepare ahead of the start date in April 2026. If you […]
Spring Statement 2025: What to expect and what we’d like to see
Written by Tax Partner, Ian Timms Following on from the eventful Budget in the Autumn, Rachel Reeves will deliver her Spring Statement on 26th March 2025. The Autumn Budget introduced £40 billion in tax increases, so we are all hoping for less of a ‘splash’ this time and given the governments comments that there will […]
Spring Statement 2025: What the Government’s proposed ISA reforms could mean for your savings
Written by Private Client Associate Director, Liz Higgins Chancellor Rachel Reeves has made it clear that boosting the UK economy is high on her agenda. One area in the spotlight is Individual Savings Accounts (ISAs). If you currently hold an ISA, or you’re thinking of opening one, you may be wondering what the proposed changes […]
What to do if you’ve received a letter about ATED
03/03/2025 Written by Tax Partner, Nikhil Oza If you’ve received a letter from HMRC about the Annual Tax on Enveloped Dwellings (ATED), you might be wondering what it means and what action you need to take. ATED applies to companies, partnerships with corporate members, and certain collective investment schemes that own UK residential property worth […]
New HMRC fuel rates: what they mean for your business
Written by Tax Partner, Dion Laycock HMRC has released the latest advisory fuel rates, effective from 1st March 2025. While changes are minimal this time around, it’s important to understand what they mean for your business if you reimburse employees for business travel in company cars (in cases where you do not pay for their […]
Are you ready for changes to FRS 102 from January 2026?
The audit profession is evolving at a rapid pace due to multiple factors such as increasing compliance risk, growing financial reporting complexity, greater scrutiny from regulators as well as resourcing challenges across the sector. Following criticism in the 2019 Kingman Review of the effectiveness of the Financial Reporting Council (“FRC”) as an audit regulator, the […]
Gravita lands in the South West as we welcome Haines Watts’ Bristol and Exeter offices
We’re delighted to welcome Haines Watts Western offices to Gravita. From the very beginning, it was clear that the exceptional teams based in Bristol and Exeter, led by Matt Bracher, were remarkably in tune with the Gravita team. Not just in our shared vision for the future of the accountancy profession, but also in our […]
Gravita’s year end tax planner for corporates 2024-25
06/02/2025 With the financial year-end approaching, now is the time to take a proactive approach to your tax position. At Gravita, we pride ourselves on providing clear, practical advice with integrity and a commitment to helping businesses thrive. We understand that tax planning isn’t just about compliance—it’s about making informed, responsible choices that support your […]
Stamp Duty Land Tax (SDLT): Where are we now?
03/02/2025 Written by Tax Consultant, Tim Palmer The higher rates of SDLT relating to the purchase of second homes and rental properties were increased from 3% to 5% from 31st October 2024. Table of Contents Normal mainstream SDLT rates re purchasing residential property from 31st October 2024 Property Cost SDLT Rate Up to £250,000 […]
Check your state pension forecast
30/01/2025 Written by Tax Consultant, Tim Palmer If you have gaps in your national insurance payments dating back to 2006, you can go online to see if you need to make additional contributions, to secure a full state pension. You can use the new HMRC online tool to check your state pension forecast, which […]