The Chancellor’s recent Spending Review reaffirmed the Government’s commitment to supporting UK research and innovation, with £86 billion in public R&D funding allocated across this Parliament and annual funding set to reach £22.6 billion by 2029/30. R&D...
With the 2025/26 tax year well underway, it’s easy to forget that some of last year’s reporting obligations are still hanging over us. One of the most important? Submitting your P11D forms for the 2024/25 tax year by 6 July. With the deadline now a little over two...
Making Tax Digital for Income Tax (MTD IT) will be effective from 6 April 2026 and phased thereafter based on income levels. Its introduction marks one of the most significant shifts in how individuals report tax. That said, the earlier you get to grips with the...
If your company has issued shares or options to employees or directors, now is the time to check whether you need to report Employment Related Securities (ERS) to HMRC. What is ERS? ERS refers to shares or securities acquired by employees or directors as part of their...
The UK government has announced a delay in the introduction of mandatory payrolling of benefits in kind (PBIK) from 6 April 2026 to 6 April 2027. This decision follows comprehensive feedback from stakeholders, including the ICAEW. The delay provides employers with...
The Furnished Holiday Lettings (FHLs) regime was abolished on 6 April 2025, but what does the abolition mean for your holiday letting property? It means that the property is now considered part of either your main UK or overseas property business. It also means that...
