Blog
New online service for high income child benefit charge
HMRC’s newly launched online service means that taxpayers can pay a high income child benefit charge (HICBC) in real time. It should reduce the number of individuals who have to register for self assessment only for HICBC.
Budget 2025 Key Points
Today the Chancellor, Rachel Reeves, delivered her 2025 Autumn Budget – not before the OBR accidently published its official forecast early - where a number of changes were announced.
Director’s loans tax implications
Used wisely, a company loan can be an attractive option for directors who need to access company funds, especially if the need is urgent. However, there can also be serious tax implications for the unwary.
Cash ISAs twice as popular as stocks and shares ISAs
HMRC figures show cash ISA subscriptions have increased by almost 224% more than stocks and shares ISAs in the last decade.
Exemptions from Making Tax Digital
From April 2026, Making Tax Digital (MTD) will become mandatory for sole traders and landlords with an annual income of more than £50,000. However, some may be able to avoid the requirements.
Crypto - Proposed cap on Stablecoin Holdings
A Bank of England proposal to cap stablecoin holdings at a maximum of £10,000 or £20,000 for individuals has received fierce criticism; however, there are signs the Bank is softening its stance.
Company cars are having a revival
Recently published statistics show that the company car is making something of a comeback, with the number of recipients for 2023/24 up 80,000 from the previous year.
Stamp Duty - If in doubt, take advice!
In early September (which already feels like a very long time ago), the Deputy Prime Minister resigned after discovering that she had underpaid Stamp Duty Land Tax (SDLT) on the purchase of a flat in Hove after not taking appropriate advice. We take a look at what went wrong and how you can avoid similar mistakes.
Updated method of correcting VAT return errors
HMRC have withdrawn form VAT652. Companies with large VAT return errors must now submit corrections online or in writing. Larger VAT return errors are entered as method 2 type corrections, whereas method 1 is used when correcting smaller errors.
Record revenues collected from HMRC's Let Property Campaign
HMRC’s Let Property Campaign has been running for over twelve years. In 2024/25, it pulled in a record £107 million from landlords – more than a 60% increase on the previous year.
Companies House ID verification underway
Companies House identity verification starts on 18 November 2025. For individual directors, the date will vary when they will need to confirm they have verified their identity, depending on when their company’s next confirmation statement is due.
Increase to CGT on business sales from April 2026
Business Asset Disposal Relief (BADR), which reduces the CGT rate on business sales, will be less advantageous from April 2026, so with 6 months to go until this takes effect, company owners may be looking to sell sooner rather than later.
Corporation Tax Relief Errors Targeted by HMRC
Companies that may have miscalculated their corporation tax marginal relief, likely due to ignoring associated companies, may receive a letter from HMRC as part of a new campaign.
HMRC tighten checks on pension tax relief claims
HMRC has introduced additional checks on pension tax relief claims after finding that a third of claims made by PAYE tax codes were incorrect.
State pension age under review again
Shortly before Parliament closed for its summer holidays, the government announced a review of the State pension age (SPA).
7 Years of TN Accountancy
TN Accountancy was launched in September 2018, so this month we reach our 7th year in business. A big thank you to our clients and professional contacts who’ve supported us along the way.
Crypto transactions under the spotlight
From 1 January 2026, crypto investors will face new reporting requirements when buying, selling, transferring or exchanging cryptoassets, such as Bitcoin. This means HMRC will be able to link cryptoasset activity to your tax record.
Changes to Electric Car Charging Rates from September 2025
Starting from 1st September 2025, two separate advisory fuel rates apply to fully electric cars depending on whether charging is at home or using a public charger.
How to Verify Your ID with Companies House Using GOV.UK One Login
Companies House has mandated that that all directors, people with significant control (PSCs), and those who file information on behalf of a company must now have their identity verified. In this blog, we explain how to do this.
Employment Status, IR35 & the Off Payroll Working Rules
IR35 is a legislation designed to stop workers incorrectly claiming to be contractors, rather than employees, for tax benefits. Contractors and freelancers need to make sure that they are IR35 compliant. Find out more.