Blog30th Jul 2026
On 23 June 2026, HMRC launched a consultation on modernising the tax rules governing distributions and repayments of capital from companies. The proposals represent one of the most substantial reviews of the distribution regime since the introduction of Corporation Tax…
By Kate Naylor
View moreBlog27th Jul 2026
HMRC has recently increased its focus on the correct application of the associated company rules and has issued letters to businesses that may have incorrectly claimed marginal relief without considering associated companies. The associated company rules were reformed in April…
View moreBlog22nd Jul 2026
BlueCrest llp Supreme Court decision Clarifies “Significant Influence” Under the LLP Salaried Members Rules The Supreme Court’s judgment in HMRC v BlueCrest Capital Management (UK) LLP provides much-needed clarity on the operation of the LLP salaried members rules, while also…
By Jill Walker
View moreBlog16th Jul 2026
As businesses grow in size and complexity, HMRC’s compliance expectations go beyond the accuracy of tax returns to the effectiveness and reliability of the systems, processes and controls that sit behind these returns. Against this backdrop, the Senior Accounting Officer…
By Edwin Goi
View moreBlog15th Jul 2026
The UK adopted the IFRS (International Financial Reporting Standards) Sustainability Standards in February 2026, paving the way for future changes to sustainability-related disclosures. Available on a voluntary basis initially, the FCA is consulting on mandatory adoption of the Climate-related disclosure standard (UK SRS S2) for listed companies for accounting periods beginning January 1, 2027. Proposed SRS…
View moreBlog14th Jul 2026
With the Charities SORP 2026 finally upon us, organisations across the country are still getting to grips with what the changes mean in practice. For many, the same questions keep coming up; what’s changed? How does it affect us? And what…
View moreBlog2nd Jul 2026
The Employment Rights Act 2025 represents one of the most significant shifts in employment law for a generation. While much of the conversation has centred around legal compliance, the bigger challenge for many organisations will be its effect on the…
View moreBlog26th Jun 2026
With speculation continuing over the future direction of the Labour Party, many individuals and business owners are understandably asking what an Andy Burnham government could mean for the UK tax system. While there has been significant media coverage in recent…
View moreBlog26th Jun 2026
When to outsource payroll is a question many growing businesses eventually face. Payroll often begins as a manageable, routine task that feels straightforward because little changes from one month to the next. But as organisations grow, payroll rarely stays simple.…
By Adam Flight
View moreBlog22nd Jun 2026
We have previously discussed the Bluecrest Case, which mainly focussed on salaried members rules. As we await the judgment from the Court of Appeal on that case, another partnership tax case HMRC v HFFX LLP; Atkins and others v HMRC…
By Jill Walker
View moreBlog19th Jun 2026
For most business owners, a tax investigation is high on the list of things they’d rather avoid – and for good reason. These enquiries can result in financial penalties, unexpected tax bills, and even reputational damage. With HMRC increasing its…
View moreBlog18th Jun 2026
Rachel Reeves visited Washington DC in April last year, for the spring meetings of the IMF and talks with the US treasury secretary on a speculative US-UK trade deal. She pledged to “stand up for Britain’s national interest” and has…
By Lynn Gracie
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