UK tax gap grows to almost £50 billion
Published in June 2025, the latest figures from HMRC estimate that 5.3% of taxes are going unpaid, with the tax gap now approaching £46.8 billion for the 2023–2024 tax year.
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Upcoming changes to company accounts in 2027
With digital filing and public transparency changes on the horizon, will your business be ready for the new Companies House rules taking effect in 2027?
Is it a good time to become a landlord?
With lower interest rates and a record number of mortgage deals available, positive changes are on the way for the buy-to-let market in England – but is it a good time to become a landlord in 2025–2026?
Hair and beauty salon employment status revised
Salon owners renting out chairs to other businesses is a growing trend, but for those working in salons, this business model can blur the line between employment and self-employment.
Don’t rely on AI during a tax tribunal
Choosing to represent yourself at a First Tier Tribunal (FTT) would probably be considered foolhardy enough. Yet, in a recent case, a taxpayer also chose to base their appeal against HMRC on artificial intelligence (AI), without human verification.
Inheritance Tax on lifetime gifts
With Inheritance Tax (IHT) nil rate bands unchanged for 16 years and currently frozen until 2030, more people are making lifetime gifts to reduce their estate’s IHT bill when they die.
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