AIM shares for Inheritance Tax planning
Written by Tax Partner, Michaela Lamb As has been widely publicised, we are expecting the Government to significantly restrict Business Property Relief (BPR) from 6th April 2026. At present, the final legislation is not available, but the likely impact will be that 100% BPR will be restricted to the first £1 million qualifying assets, with […]
Understanding the Let Property Campaign for undeclared rental income
Written by Tax Partner, Dion Laycock If you’ve earned income from letting property and haven’t declared it to HMRC, now is the time to act. Coming forward voluntarily through the Let Property Campaign could save you significant penalties and provide certainty about your tax position. There’s a growing need for landlords to regularise their […]
Pillar 2: Multinational Top-up Tax and Domestic Top-up Tax Registration requirements
20/06/2025 Written by Tax Partner, Nikhil Oza Companies with 31st December 2024 year-ends falling within the scope of Pillar 2 must complete HMRC registration by 30th June 2025. With less than two weeks remaining, immediate action is essential to avoid penalties. Talk to us The regulatory landscape Following the October 2021 OECD agreement establishing a […]
Doing business in the UK – A tax perspective
The UK remains one of the most attractive locations for global businesses. Boasting a robust and trusted legal system, it has long provided superior protection for businesses and assets compared to many other jurisdictions. The UK’s legal framework is built on principles of fairness and transparency. Additionally, the UK is the sixth-largest economy in the […]
Capital Gains Tax (CGT) on UK property
Written by Tax Director, Charlene Griffith Have you sold a property that was not your main home? If so, you may need to report and pay online within 60 days of your completion date. Talk to us What is a disposal in CGT? When we talk about Capital Gains Tax (CGT), one of the key […]
Understanding the Temporary Repatriation Facility for individuals with overseas income and gains
Written by Tax Partner, Dion Laycock The UK’s Autumn 2024 Budget introduced significant reforms affecting individuals with overseas income and gains, shifting from a domicile-based system to a residence-based taxation approach. A cornerstone of these reforms, effective from 6th April 2025, is the Temporary Repatriation Facility (TRF). Designed as a transitional measure, it is available […]
Webinar recording: Private pensions: the benefits, planning and how to use them
https://youtu.be/VhQMGtb377Y Private pensions are one of the most expensive tax reliefs in the personal tax system, costing the government over £70 billion annually. Yet many people are missing out on significant tax savings simply because they don’t understand how these schemes work. In this webinar, Gravita Tax Associate Director, Kelly Gould and Evelyn Partners […]
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 June 2025. While changes are minimal this quarter, it’s essential for businesses to understand how these rates impact fuel reimbursements and private fuel repayments for company car users. Talk to us What’s changed? The key updates include: A […]
What our poll revealed about Making Tax Digital readiness
Written by Director of Transformation, Russell Frayne During Gravita’s recent webinar on Making Tax Digital for Income Tax (MTD ITSA), we ran a survey to gauge how prepared individuals feel ahead of the 2026 rollout. The responses highlighted a mix of uncertainty, complexity and varied approaches to compliance. The session, held in collaboration with HMRC […]
FAQ: Making Tax Digital for Income Tax
With the rollout of Making Tax Digital for Income Tax (MTD ITSA) starting on 6th April 2026, it’s natural to have questions. Whether you’re a landlord, self-employed, or advising clients, understanding what’s changing and how it affects you is key. We’ve pulled together answers to the most common questions from our recent webinar with […]