Spotting the warning signs With continued discussion around inheritance tax (IHT) changes due in April 2027 and pensions, many people are understandably reviewing their financial plans and considering how best to protect family wealth. At the same time, there is growing awareness across the financial sector of fraudsters, pension scammers […]
Category Archives: Tax
22
Jun
Jun
A recent First-tier Tribunal case involving Beer Express Ltd serves as a timely reminder that, in today’s R&D tax relief environment, how a claim is prepared can be just as important as the work being claimed. The company sought R&D tax relief for a number of projects, one of these […]
16
Apr
Apr
Inheritance tax (IHT) relief has long played a vital role in allowing farms and family businesses to pass from one generation to the next without being forced to sell assets. From April 2026, that landscape changes. Reforms to Agricultural Property Relief (APR) and Business Property Relief (BPR) introduce a cap […]
04
Mar
Mar
The 2026 Spring Statement was delivered by the Chancellor of the Exchequer, Rachel Reeves, on Tuesday 3rd March, providing an updated snapshot of the UK’s economic outlook for the year ahead. As anticipated, the Chancellor reserved any major fiscal announcements for the Autumn Budget. As a result, this Spring Statement […]
27
Nov
Nov
After numerous rumours and an early leak of the Office of Budget Responsibility’s report on their findings, Rachel Reeves delivered her 2025 Budget on 26 November 2025, which she stated took the ‘fair and necessary choices to deliver on the Government’s promise of change’. Here’s an ‘At a Glance’ summary. […]
26
Aug
Aug
Winter Fuel Payment Clawback 2025/26 In June 2025, the UK government announced that, from Winter 2025, the eligibility for Winter Fuel Payment in England and Wales will be expanded so that more pensioners are eligible. All pensioners born before 22 September 1959 will receive Winter Fuel Payment automatically. However, if your annual taxable […]
Blog, Business, Financial Planning, Later Life, Personal Finance, Property, Protection, Tax
How Has Inheritance Tax Changed?
21
Aug
Aug
How Has Inheritance Tax Changed? On 21 July 2025 the draft legislation for the Finance Act 2025-26 was published and it confirms that the Labour Government wishes to proceed with its proposed Inheritance Tax (IHT) reforms, which come into place from April 2026. As a result of those reforms, the […]
24
Jul
Jul
Changes to profit extraction: What they mean for you Recent changes in tax rules could mean that your current profit extraction strategy – how you currently take money out of your business – isn’t as effective as it once was. With a few small adjustments, you could increase both your […]
Blog, Pensions, Personal Finance, Tax, Taxable Benefits
Underpaid State Pension: Check Your NI Record for Missing HRP
17
Apr
Apr
Errors in State Pension Due to Home Responsibilities Protection (HRP) The Department for Work and Pensions (DWP) estimates it has underpaid between £300m and £1.5billion of state pension because of errors with the recording of Home Responsibilities Protection (HRP). HRP was a scheme designed to help protect parents’ and carers’ […]
31
Oct
Oct
Chancellor Rachel Reeves delivered her Budget on Wednesday 30 October 2024. She pledged to ‘invest, invest, invest’ to drive growth and ‘restore economic stability’. Please click below to download a summary of her statement in our Autumn Budget Report 2024. Following this Autumn Budget, please contact our tax team for more advice […]