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Top Accountants in Sutton Coldfield News
London, England · LondonFollowing the Autumn Budget, it is increasingly clear that the Government is toughening its approach to tax compliance. This is a break with tradition, as penalties have remained unchanged for years, meaning that inflation has caused the impact to soften with time. As such, we are facing an update to penalties aimed at tackling late filing, late payment and repeated non-compliance, all of which will soon result in larger fines. Corporation Tax p…See the Story
How will HMRC changing its system of fines affect you?
Entrepreneurs · Northern IrelandEnterprise Investment Scheme (EIS) and Venture Capital Trusts (VCTs) are both set to experience changes from April 2026, as was revealed in the Autumn Budget. These schemes were viewed as outdated and the reforms aim to modernise their effectiveness. This is part of the Government’s desire to be seen supporting entrepreneurship and scale-ups, while also recalibrating the balance of tax relief between different investment routes. Who will be affe…See the Story
What are the upcoming changes to EIS and VCTs?
United Kingdom · United KingdomThe Making Tax Digital (MTD) for Income Tax countdown is on and landlords and sole traders who are not prepared may face costly repercussions. From 6 April 2026, sole traders, landlords and self-employed individuals with a qualifying income over £50,000 will be required to comply with MTD. In the following year, the qualifying income threshold drops to £30,000, followed in April 2028 with a qualifying income threshold of £20,000. With the first …See the Story
