Knowledge Keep up to date with the latest in accounting amendments & requirements

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Welcome to our Knowledge Base

Here you will find lots of useful information relating to HMRC guidelines and the latest in guidance.

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New self-assessment services announced by HMRC

New self assessment services announced by HMRC

New digital services have been launched that aim to make filing and managing tax returns quicker and less stressful.

These improvements are part of HMRC’s Transformation Roadmap, which sets out over

Shared home ownership

Shared home ownership

Shared home ownership offers a more accessible route to owning a home for those who cannot afford the full deposit or mortgage on a property that suits their needs. Under this scheme, buyers purchase

Making Tax Digital – important deadline dates

Making Tax Digital – important deadline dates

Making Tax Digital for Income Tax (MTD for IT) will become mandatory in phases from April 2026. If you are self-employed or a landlord earning over £50,000 you need to be prepared for digital record

Red tape eased for new cafes and bars

Red tape eased for new cafes and bars

Communities and town centres across the UK are about to get a serious boost. The Government has unveiled sweeping reforms aimed at slashing red tape so new cafés, bars, music venues and outdoor

Choosing a Business Rates Agency

Choosing a Business Rates Agency

The Valuation Office Agency (VOA) has issued updated advice to help business owners choose and monitor business rates agents more effectively. A key message is that the name listed in the Check and

IHT Unused Pension Funds and Death Benefits changes

IHT Unused Pension Funds and Death Benefits changes

It was confirmed with the publication of the draft Finance Bill 2025-26 that measures first announced in the Autumn Budget 2024 to bring most unused pension funds and death benefits into the scope of

IHT Agricultural and Business Property Relief changes confirmed

IHT Agricultural and Business Property Relief changes confirmed

Despite intense lobbying by the farming community, the proposed reduction in IHT Business and Agricultural Property reliefs are included in the draft Finance Bill 2025-26.

On 21 July 2025, the

Capital Gains valuations of goodwill

Capital Gains valuations of goodwill

Who values goodwill when a business is sold? HMRC’s Shares and Assets Valuation team takes the lead.

Whether the goodwill belongs to a sole trader, partnership or limited company, HMRC’s SAV team

VAT relief for the disabled

VAT relief for the disabled

VAT relief is available on goods and services for people with long-term illnesses or disabilities.

There are special VAT reliefs available for certain people living with disabilities or long-term

Current Inheritance Tax thresholds

Current Inheritance Tax thresholds

Married couples can pass on up to £1 million tax-free if they plan their estates carefully.

The Inheritance Tax (IHT) nil-rate band is currently £325,000. This means there is normally no IHT to pay

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