Client Portal

Build Your Business, and Keep More of Your Money

Chartered Accountants & Business Advisors

Call Us Today!

Budget

HMRC’s 2026 Tax Update

Before Andy Burnham became Prime Minister and the appointment of John Healey as Chancellor, HMRC published a raft of consultations and policy announcements on 23 June 2026. The wide-ranging package of consultations and policy announcements was aimed at making the tax system simpler, more digital and, in HMRC’s words, fairer. While many of the proposals […]

Read more September 22nd, 2026

Questions Over Future Tax Changes Under New Prime Minister

Since becoming Prime Minister, Andy Burnham has made cost-of-living support a key focus. One headline measure announced this month is the planned removal of VAT on household electricity from October 2026, which the Government estimates could reduce average household bills by around £45 a year. Household electricity is currently subject to VAT at 5%. At […]

Read more September 16th, 2026

Visitor Levy – What It Could Mean for Property Owners

As part of the Budget 2025, the Government confirmed its intention to give Mayoral Strategic Authorities in England the power to introduce a local overnight visitor levy. In simple terms, this would allow certain regions to charge guests a fee for staying overnight, something already seen in many international destinations. This is not an entirely […]

Read more April 3rd, 2026

Spring Statement 2026 Summary

The Chancellor, Rachel Reeves, held the Spring Statement on 3 March 2026. The government has been keen to have only one tax event per year (the Budget) and so the Spring Statement was intended to provide an interim update on the economy and public finances. Whilst the Chancellor did meet the commitment not to make […]

Read more March 4th, 2026

Capital Gains Tax Update 2025

As we head into 2026/27, it should be remembered that, for most sales of capital assets, CGT will apply at 18% for basic rate taxpayers and 24% otherwise. The rate of CGT for business asset disposal relief (BADR) purposes will increase from 14% to 18% from 6 April 2026. Particularly in relation to business disposals, timing […]

Read more December 9th, 2025

Budget Summary Autumn 2025

Chancellor of the Exchequer Rachel Reeves set out tax-raising measures worth up to £26 billion in the Autumn Budget on 26 November 2025. The increases will be achieved through a range of measures, including extending the freeze on Income Tax thresholds for a further three years. Tax increases In addition to maintaining Income Tax thresholds, taxes […]

Read more November 27th, 2025

Autumn Budget 2025 – What Might Be Coming?

The Autumn Budget will be delivered on 26 November, but the Chancellor’s recent speech in Liverpool gave us some useful hints about what could be on the table. The Chancellor Rachel Reeves appeared to prepare the ground when she said: “We will face further tests, with choices to come, made all the harder by harsh […]

Read more October 14th, 2025

Spring Statement And OBR Forecasts

The Chancellor of the Exchequer, Rachel Reeves, delivered her Spring Statement last month in which she outlined the government’s economic plans, including spending decisions, tax policies and efforts to boost growth while managing public finances. What did the statement tell us about public finances and the economy? The Statement came on the back of the […]

Read more April 7th, 2025

Spring Statement 2025 Summary

Chancellor of the Exchequer, Rachel Reeves, held the Spring Statement on Wednesday 26 March 2025. In the run-up to the event, the Chancellor stated that she ‘remains committed to one major fiscal event a year to give families and businesses stability and certainty on upcoming tax and spending changes and, in turn, to support the […]

Read more March 27th, 2025

Farmers Campaigning For Agricultural Property Rethink

The announcement in the Autumn Budget about restrictions to inheritance tax (IHT) agricultural and business property relief from April 2026 has upset farming businesses in particular, resulting in a demonstration in London on 19th November. From 6 April 2026, it is proposed that 100% relief will only apply to the first £1 million of combined […]

Read more December 4th, 2024

Budget Summary Autumn 2024

Chancellor Rachel Reeves delivered the first Labour Budget in nearly 15 years on Wednesday 30 October 2024. She pledged to ‘invest, invest, invest’ to drive growth and ‘restore economic stability’. Billions in tax rises Ms Reeves said the Budget will raise £40 billion in taxes. Employers’ National Insurance contributions (NICs) will be increased from next […]

Read more October 31st, 2024

Chancellor’s Speech Paving The Way To A Potentially Difficult Autumn Budget

The Chancellor of the Exchequer, Rachel Reeves, addressed the House of Commons last week to detail the results of a Treasury spending audit. She has alluded to this in previous comments when referring to making assessments of the public spending inheritance. She claimed that the audit revealed £22 billion of unfunded pledges that have been […]

Read more August 8th, 2024

Election Results Are In! What About Your Tax Bill?

So, the election results are in and the Labour party won the country’s mandate to form a new parliament. What could that mean for the tax you pay? Will there be an emergency budget? Labour will likely set out their initial plans in an ‘emergency’ budget. The new Chancellor, Rachel Reeves, has said she will […]

Read more July 8th, 2024

Multiple Dwellings Relief Axed From 1 June 2024

Multiple Dwellings Relief (MDR) is a stamp duty land tax (SDLT) relief that is currently available if you buy two or more residential properties in a single transaction or a series of linked transactions. It allows the rate of tax to be calculated based on the average value of the properties purchased rather than the […]

Read more March 11th, 2024

Furnished Holiday Lettings Regime To Be Abolished

If you run a holiday let, then you are likely well aware of the useful tax advantages that holiday lets have had for many years. Because furnished holiday lets can be treated as a trade rather than as a rental property, there are more generous deductions against income available. Also, there has been a significant […]

Read more March 11th, 2024