Writing your will? Remember to choose your executors with care
HMRC has released new information regarding the process of collecting inheritance tax (IHT) on pensions.
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Profit and loss filing changes for micro-entities and small companies
The government has announced that starting in 2028, micro-entities and small businesses will be required to submit profit and loss (P&L) accounts to Companies House, with the option to keep these accounts private.
Enterprise management incentives grow in popularity
The enterprise management incentive (EMI) reforms introduced in April 2026 have significantly advanced the acceptance of this benefit.
Deprivation of assets under watch
Individuals are revising their tax-planning approaches to account for inheritance tax (IHT) being applied to unused pension pots starting April 2027.
ISA reform means changes for savers
Starting from 6 April 2027, individuals under the age of 65 will be limited to saving a maximum of £12,000 in cash individual savings accounts (ISAs) each tax year.
Recovering the winter fuel payment
Unless opted out, pensioners will have received the winter fuel payment for 2025/26; however, HMRC can recover this payment if their income exceeds £35,000. Recently, HMRC has updated its guidance regarding the recovery process.
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