From April 2027, the way employers report and manage Benefits in Kind (BIKs) is changing. Under new HMRC regulations, payrolling BIKs will become mandatory, meaning employers will need to process these benefits through their payroll system instead of reporting them annually via P11D forms.
As we edge closer to the rollout of Making Tax Digital (MTD) for income tax in April 2026, many of you—especially those with joint property ownership—may be wondering how this new system will impact your tax obligations.
In the 2023/24 tax year, the government is expected to collect a record-breaking £7.5 billion from Inheritance Tax (IHT), marking a 25% increase over three years.
HMRC has intensified its scrutiny on gifting rules, recovering £624 million from nearly 2,000 individuals who mistakenly believed they had reduced the value of their estates through gifts, only to have inheritance tax relief revoked.
We explore the essentials of ATED returns, covering who needs to file them, the submission process, associated charges, available reliefs, and submission deadlines.
Further changes announced in the Spring Budget include two key areas in National Insurance Contributions (NIC) and the High Income Child Benefit Charge (HICBC). In this blog, we’ll explore the details of these changes and how they might affect you.
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