An insight from the gbac team on all things accounting, finance and more.
The total tax revenue collected by HMRC for the fiscal year 2025/26 saw an increase of 9.3% in comparison to the previous year. This rise is not unexpected, considering the increase in capital gains tax (CGT) rates and the employer national insurance contributions (NICs).
There are no financial restrictions on the worth of bicycles that can be offered to employees under the cycle-to-work scheme.
Bricks and mortar are not always a sure-fire winner. From January 2016 to January 2026, did house prices grow faster than inflation?
The normal expenditure out of income exemption enables individuals to give gifts during their lifetime that are instantly free from inheritance tax (IHT)—eliminating the typical seven-year wait.
MTD is now live but with low numbers registered with HMRC, many sole traders and landlords affected are still looking at how to comply.
Businesses faced some less than funny changes in April including reduced capital allowances, increased fines for late filing of corporation tax returns and the closure of HMRC’s free corporation tax return filing portal.
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