Blog
HMRC Sends Nudge Letters to Temporary Non-Residents: What It Means for You
In a move that underscores HMRC’s increasingly data-driven approach to tax compliance, “nudge letters” have been issued to individuals who were temporarily non-resident. These letters are part of a broader campaign to ensure that taxpayers who left the UK and later...
Do you need to file a Self Assessment tax return?
You have until 31 January 2024 to file your Self Assessment tax return online. This might seem like an age away, but the deadline always comes around much quicker than you would expect.
Making Tax Digital Webinar 2025
In this webinar with Tom May and Nicola Harte, covering: Who MTD affects What’s changing and when Software options Sector-specific guidance Live Q&A Information for readers: This material is published for the information of clients. It provides only an...
No need to file a tax return: not the same as no tax bill
The government announced earlier this year that up to 300,000 people would no longer need to file a tax return. It was billed as particularly good news if you have a side hustle, like making extra money through sales on eBay, dog walking, or creating content online....
Making Tax Digital for Income Tax: A look at the details
It’s been called the biggest change since the introduction of self assessment in the 1990s - and for the first taxpayers impacted, Making Tax Digital for Income Tax (MTD IT) is now less than a year away. Quick view MTD IT is a new online system to report income and...
Official rate of interest could impact your benefits in kind
The Official Rate of Interest (ORI) increased from 2.25% to 3.75% on 6 April 2025. What sounds like a minimal adjustment is, in fact, likely to make a difference to the cost of providing — and receiving — certain benefits in kind. It may also bring some employees...
Umbrella companies: what they are and why you need to know
Umbrella companies that don’t comply with their tax obligations have been in the government’s sights for some years. Worst case scenarios have seen fraudulent companies defaulting on HMRC, and workers landed with large, unexpected bills as a result of payment...
Why it Pays to Pay Tax on time
Late payment interest is charged automatically when tax isn’t paid on time, running from the date payment was due until the date payment is made. The rate of interest charged by HMRC has increased significantly since 6 April 2025. How and when interest is decided:...
Right to work checks on the way for gig economy
The government clampdown on illegal working will see right to work checks extended to workers in the gig economy and zero-hours workers as part of the Border Security, Asylum and Immigration Bill. Whilst the Bill has yet to become law, it is important that businesses...
Payrolling Benefits in Kind: New Timeline
More time has been given for businesses to get ready for the change to compulsory payrolling of benefits in kind. Payrolling will now be mandatory from April 2027, not April 2026. From an employer’s perspective, the change means most benefits in kind must be reported...
PAYE for High Income Child Benefit Charge
As announced at the Spring Statement 2025, HMRC will be providing a new service to allow employees to pay High Income Child Benefit Charge (HICBC) through their PAYE tax code. The service is expected to go live from summer 2025. Details are yet to be released, but...
Reforms to Agricultural Relief and Business Property Relief
Following a nine month wait, draft legislation has been released to enact the proposed reforms to Agricultural Property Relief (APR) and Business Property Relief (BPR). In line with the earlier budget announcement, the draft legislation continues to limit the amount...
Dog Parks and Dog Walking Areas
Understanding the VAT and Capital Tax Implications of Diversifying into Dog Parks and Dog Walking Areas Many of our farming clients are looking to diversify their income streams, and a current trend we are seeing here at Ellacotts is the admission to walking areas...
Tax compliance: much more than common sense
Keeping up to date with tax isn’t always as simple as it seems, as one taxpayer, Mr Hammant, recently found to his cost. The cost was in fact £1,200, and the expensive bill arose because Mr Hammant thought he had filed his Self Assessment tax return online, and didn’t...
Research and Development claims: What’s new?
To deal with high levels of error and fraud, the Research and Development (R&D) tax relief regime has been significantly reshaped since 2023, and HMRC risk assessment is now much sharper. Claimant support packages As part of its drive to make sure that companies...
New questions for Self Assessment tax returns
The information required on the Self Assessment tax return will change for some taxpayers from 6 April 2025. This will impact tax returns for 2025/26 and future years. The change affects taxpayers who begin or end self-employment, and directors of close companies....
Neonatal care: new entitlement for employed parents
From 6 April 2025, there is a new statutory right to neonatal care leave and pay for employed parents. The new law applies in England, Scotland and Wales, but not in Northern Ireland. The move is expected to benefit around 60,000 parents, helping them face the...
HMRC backtracks on employee data requirement
Plans requiring employers to provide more detailed information on the hours worked by employees in their Real Time Information PAYE reporting have now been cancelled. The requirement to provide employee data was due to take effect from April 2026, and had already been...
Can't find what you're looking for?
Resources
Categories
- Academies
- Audit and assurance
- Benchmarking
- Budget
- Business Owners
- Capital Gains Tax
- Christmas
- Cloud Accounting
- Coronavirus
- Corporation Tax
- Dividends
- Equine & bloodstock
- Events
- Events page
- Farming & agriculture
- Featured
- HMRC
- Inheritance tax
- ISAs/ Savings
- Landlords
- Legislation update
- Making Tax Digital
- MTD news
- Paying Employees
- Payroll
- Payroll Bureau
- Pensions
- Personal finances
- Personal Tax
- Property
- Research & development
- Residence & domicile
- Retirement
- Self-employed
- Small businesses
- Tax
- Tax Planning
- Uncategorized
- Vacancies
- VAT
- Wealth Planning
- Webinar
- Xero
Contact us
Have a question or need to get in touch?
Our accreditations
We are proud to be recognised as a Top 100 Accountancy firm in the Accountancy Age 2024 survey. We are longstanding and active UK200Group members, and affiliate members of AGN, an international association of accountants. We have One Star Best Companies status, reflecting our commitment to being a great workplace. As a Xero Platinum Partner, we are dedicated to supporting our clients in online accounting.
Banbury
Countrywide House
23 West Bar Street
Banbury
Oxfordshire
OX16 9SA
T: +44 (0)1295 250401
Birmingham
Cornwall Buildings
45 Newhall Street
Birmingham
B3 3QR
T: +44 (0)121 2894455
Kettering
Vantage House
2700 Kettering Parkway
Kettering Venture Park
Kettering
Northamptonshire
NN15 6XR
T: +44 (0)1536 646000
London
Suite 100
99 Bishopsgate
London
EC2M 3XD
T: +44 (0)20 36937315
Stratford-upon-Avon
Elizabeth Court
Church Street
Stratford-upon-Avon
CV37 6HX
T: +44 (0)1789 713555
