News

All of the latest tax and finance information

Missed the January filing deadline? Here’s what to expect

Thousands of people once again took the chance to use some quiet time over the festive period to file their self-assessment tax returns, with 4,606 people even filing their return on Christmas Day. In total, 37,435 people completed their return over the three days of…

Christmas gifts from the taxman for your business

Christmas party season is upon us, and it will extend from early December right the way through to mid-January depending on your company. But no matter when the Christmas party is, it is important to remember that HMRC gives your company a gift each tax year to help…

New tax codes issued in January – make sure yours is right

Tax codes for the coming tax year will begin to be sent out to taxpayers from January, but you will need to make sure the code you’ve been given is correct for your situation. HMRC does make mistakes, but if you resolve them before you begin the new tax year on April…

Holders of cryptocurrency in HMRC’s sights from January 1

UK residents who hold cryptocurrency are facing more scrutiny from HMRC from New Year’s Day, as cryptocurrency service providers will begin passing details of UK holders to the taxman from that date. HMRC will begin implementing the Cryptoasset Reporting Framework…

VCT and EIS changes – good for companies, not investors

Investors who use Venture Capital Trusts (VCTs) or Enterprise Investment Schemes (EISs) to invest in start-ups and benefit from tax relief as a result, will face new rules from April 6, 2026, thanks to changes made in the Autumn Budget. These investment vehicles are…

Cash ISA allowance reduced to £12,000 for under 65s

The Chancellor took aim at cash ISAs in her Budget, and is reducing the amount that can be put into a cash ISA from £20,000 to £12,000, with the remaining £8,000 being eligible for investment ISAs. These changes, which will apply from April 6, 2027, will not affect…