Angela Rayner’s SDLT mistake shows how easily property tax can go wrong
Written by Tax Partner, Michaela Lamb It is hard to get away from the news that Angela Rayner, the Deputy Prime Minister has been found to have underpaid Stamp Duty Land Tax (SDLT) when purchasing her current home. Based on her statements to the public this week the confusion – or error – has […]
A guide to the UK Patent Box regime
Written by Tax Partner, Fiona Cross In an era where innovation drives economic growth, the UK government offers powerful incentives to encourage businesses to develop and commercialise intellectual property (IP) domestically. One such incentive is the Patent Box regime, which allows qualifying companies to benefit from a reduced Corporation Tax rate on profits derived from […]
Proposed changes to UK Transfer Pricing scope and documentation: insights from HMRC’s April 2025 consultation
Written by Tax Partner, Fiona Cross On 28th April 2025, HM Revenue & Customs (HMRC) published a consultation document titled “Transfer Pricing – Scope and Documentation,” outlining significant reforms to the UK’s transfer pricing regime. Running until 7th July 2025, the consultation proposes changes to better safeguard the UK tax base while reducing administrative burdens. […]
New HMRC fuel rates: what they mean for your business
Written by Tax Partner, Dion Laycock HMRC updates its advisory fuel rates (AFRs) every quarter to reflect changes in fuel and electricity costs. These rates apply when reimbursing employees who use company cars for business travel, or when employees repay the cost of private travel in a company car. The latest changes take effect from […]
HMRC is on the hunt: Are you trading or investing in property?
Written by Tax Partner, Thomas Adcock Property sales are coming under increased scrutiny from HMRC. Over the last few decades, investors have taken advantage of opportunities to buy up dilapidated properties, refurbish or develop and then sell on for what can be a significant profit. HMRC has got wise to this practice and has […]
Becoming non-resident: Why it is not quite as simple as the “90-day rule”
Written by Tax Partner, Michaela Lamb It is a universally acknowledged truth (in the world of pub/golf course/gym accountancy) that in order to lose UK tax resident status, all you need to do is to spend less than 90 days in the UK in the tax year. Whilst in many cases, you may be […]
Are the latest property tax proposals unworkable?
Written by Tax Partner, Thomas Adcock The government is reported to be considering sweeping reforms to property taxation. None of these ideas were in the party’s manifesto, so there is no electoral mandate for such wide-ranging change. Proposals include replacing stamp duty with a new property tax on sales above a certain threshold and introducing […]
Your legacy, your way – strategic planning for Inheritance Tax
We are delighted to invite you to an in-person seminar, bringing together specialists across three key disciplines – tax, legal, and financial planning – for a timely and insightful discussion on inheritance tax and estate planning. Date: Tuesday 9th September 2025 Time: 11:00 – 13:00 (refreshments provided) Venue: Devon Hotel, Old Matford Lane, Exeter, EX2 8XU Inheritance […]
Partnership tax returns and your SA800 obligations
Written by Private Client Director, Lekhrani Gya-Roopun Partnership tax returns may seem complex but getting them wrong can be costly. Late filing penalties start immediately after the deadline and apply to every partner, individually. Inaccurate returns can trigger investigations and additional penalties. Understanding the key requirements therefore not only protects your business, but it also […]
Employment related securities, what is a section 431 election?
Written by Tax Partner, Michaela Lamb Normally, an award of shares to an employee or director would be liable to both income tax and national insurance (NIC) based on the market value of the shares at the time that they are exercised. In the past, to mitigate costly income tax and NIC, an employer might […]