In her 2025 Budget the Chancellor announced the end of tax deductions for “non-reimbursed homeworking expenses”.  How might the loss of the deduction affect you and is there an alternative tax relief you can take advantage of?  Partner Christiaan Hansen explains. Job expenses The Chancellor’s 2025 Budget signalled the end of a tax break: tax...

Your business has a large outstanding invoice, and it is looking increasingly likely that you are going to have to write it off. You have already paid the VAT to HMRC, what’s the fastest way to get this refunded? VAT expert Bruce Currie explains. Overpaid VAT An annoying thing about VAT is that you must...

You are selling a buy-to-let property for more than you paid for it. You have been told that you will need to file an extra tax return with HMRC and pay any capital gains tax (CGT) straight away. Is this correct? Tax Partner Kenny Adamson, looks at the consequences. CGT returns Even though this was...

There are now several statutory payments associated with childbirth and young children: maternity pay, paternity pay, adoption pay, parental bereavement pay, neonatal care pay and shared parental pay. Employers can usually reclaim 92% of these statutory amounts paid to employees. However, employers can claim a higher amount if they qualify for small employers’ relief (SER)....

From April 2026, the National Living Wage (NLW) increases by 4.1% and the National Minimum Wage (NMW) by up to 8.5%, depending on the category of the worker. There is also an accommodation offset rate. This is rising from a daily amount of £10.66 to £11.10, a 4.1% increase. Category 2026/27 – 2025/26 Increase NLW...

Over the decades, capital allowances for plant and machinery (P&M) has been one of the areas of tax that has undergone continual change. Following the abolition of the ‘super-deduction’ (i.e. 130% relief for qualifying expenditure) in April 2023, we seem to have entered an era of relative stability. Since the 1 April 2023, ‘full expensing’...

Supply of staff by agencies is normally a standard-rated supply for VAT purposes. However, it will be an exempt supply if it is the supply of services consisting of the provision of medical care by a person registered or enrolled in any of various specified professions, including those on: •the register of medical practitioners; •the...

Although not strictly a graduate tax, the student loan system effectively is one, as it reduces the take-home pay of those subject to the repayment rules. Repayments may run for several decades, depending on earnings and how much was borrowed. The Department for Education has introduced a new student loan type: Plan 5. It applies...

There is a corporation tax (CT) charge on loans made to ‘participators’ in close companies (broadly, companies controlled by 5 or fewer shareholders) where the loan is outstanding at the end of a CT accounting period (CTAP). This charge used to be at a fixed rate, which Chancellors changed from time to time. However, in...

The first tranche of businesses mandated to use the system comes into effect from 6 April 2026 and with that, the compliance burden on businesses within MTD IT will be much greater than it was outside it. Those individuals with combined turnover of £50,000 from self-employment and letting (based on figures in their 2024/25 tax...