Death and Taxes
For business owners and farms The UK government has announced significant reforms to Inheritance Tax (IHT) reliefs for business and agricultural properties, set to take effect from April 6, 2026. The headline proposals have been well-rehearsed but the realisation of some of the implications is coming out more gradually. Key Changes: Relief Cap: Currently, Business […]
Making Tax Digital for Income Tax – the changes which need to be addressed now
Designed to modernise the tax system, MTD for Income Tax Self-Assessment (MTD for ITSA) aims to streamline reporting, reduce errors, and ensure a more efficient tax process. Here’s everything you need to know about Making Tax Digital for Income Tax. What is Making Tax Digital for Income Tax? MTD for ITSA is a government initiative […]
