AUTUMN BUDGET 2026
On 28 October 2026, Chancellor John Healey presented his first Autumn Budget to Parliament. Billed as giving families and businesses ‘breathing space’ from rising costs, it left the rates of VAT and National Insurance unchanged, alongside static Income Tax rates for wages and self-employed income. Even so, the government’s own figures show its tax measures […]
SPOTLIGHT ON: Pensions and inheritance tax: Preparing for the April 2027 changes
Inheritance Tax, or IHT, is charged on the value of your estate above certain thresholds when you die, normally at 40%. Until now, most private pensions have sat outside that calculation altogether: money left unused in a defined contribution pension could generally pass to your chosen beneficiaries free of Inheritance Tax, however large the fund […]
SPOTLIGHT ON: Making Tax Digital for Income Tax: Preparing for the April 2027 threshold
Making Tax Digital for Income Tax is a legal requirement to keep digital business records and send HMRC a short online update every three months, rather than relying on one Self Assessment return a year. It has applied since 6 April 2026 to sole traders and landlords with qualifying income over £50,000, and from 6 […]