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Christmas parties and staff gifts – a tax guide
Christmas parties and staff gifts – a tax guide

With the festive period now approaching, we are often asked by employers about the tax treatment of providing a staff Christmas party or giving Christmas gifts to employees. Here is a quick reminder of the rules for the tax year 2025/26.STAFF PARTIES What Christmas...

Inheritance Tax Pension Changes: How to prepare for 6 April 2027?
Inheritance Tax Pension Changes: How to prepare for 6 April 2027?

The government has announced a significant shift in the inheritance tax on pensions, with new rules set to take effect from 6 April 2027. These changes will alter the inheritance tax treatment of pension savings and could have a notable impact on estate and financial...

Inheritance Tax Changes: Is Your Business at Risk?
Inheritance Tax Changes: Is Your Business at Risk?

If you've been under the impression that Inheritance Tax (IHT) changes are a distant concern, it's time to reconsider. Recent reforms are set to significantly impact business owners and farmers, particularly those with businesses or farms with values exceeding £1...

Making Tax Digital for Income Tax
Making Tax Digital for Income Tax

Following numerous delays, Making Tax Digital for Income Tax (MTD for IT) is only a year away from being made compulsory for individuals with an annual gross rental income and/or a gross self-employed income of over £50,000. The income threshold will be lowered over...