Tax
More than a million pensioners now pay higher rate tax – Here’s what it means for you
Sep 03, 2026
New figures have confirmed what many retirees are starting to feel in their bank statements. The number of pensioners paying income tax at 40 per cent or 45 per cent has surpassed one million this current tax year, up from just ...
READ MORE
You don’t own the business, but do you still owe the tax? HMRC ‘failure to notify’ penalties following a share disposal
Aug 27, 2026
If you are a shareholder in a company you have little involvement in, you might not realise a share disposal can trigger Capital Gains Tax (CGT). Shares might have been put in your name decades ago by a parent or a ...
READ MORE
Sole trader vs limited company for side hustles – Which is the most tax-efficient?
Aug 20, 2026
With many individuals starting a ‘side hustle’ to supplement their salary, setting up as a sole trader or limited company is the first big decision. Whether this is selling personalised jewellery on Etsy or re-selling clothes on Vinted, any gross income ...
READ MORE
Why is keeping business and personal finances separate so important?
Aug 13, 2026
Where personal spending and business spending overlap, financial tracking can unnecessarily become a headache. A few transactions here and there might not seem like a huge deal at first, but the blurring of the lines between business and personal spending can ...
READ MORE
Gift Aid and Inheritance Tax relief – How helping charities can help your own finances
Aug 04, 2026
The ongoing economic challenges that face individuals and businesses alike are placing a greater strain on charities. Many of the measures that can be taken by private enterprises to offset rising costs are unavailable to charities, as the end user of ...
READ MORE
First Making Tax Digital deadline looms – 400,000 people still yet to register
Jul 30, 2026
Despite the first deadline for Making Tax Digital (MTD) for Income Tax arriving on 7 August, over 400,000 qualifying landlords and sole traders have still not signed up. The total number of those who are affected by this deadline is 864,000, ...
READ MORE
Government proposes changes to the taxation of distributions and repayments of capital from companies
Jul 07, 2026
The last few weeks have been awash with minor and major reforms to taxation in the UK, as part of HMRC’s Tax Update 2026. While the headlines have been stolen by changes to the way VAT, PAYE and ITSA are paid, ...
READ MORE
Paying tax as you earn it: The proposal that could reshape Self Assessment
Jul 02, 2026
Anyone subject to the UK’s Self Assessment system knows the rhythm by now. Income is earned across the tax year and the bill for it lands the following January. While Making Tax Digital (MTD) for Income Tax hasn’t changed when and ...
READ MORE
Despite setting sights on small businesses, the tax gap is still growing – How do businesses become tax compliant?
Jun 30, 2026
Between the amount of tax owed and the amount paid is the dreaded tax gap, the amount of additional revenue that HMRC would have to use if everyone were fully tax compliant. Every year since the 2005/6 tax year has seen ...
READ MORE
Accepting cryptocurrency as payment – The tax implications for UK SMEs
Jun 25, 2026
One in five of the UK's top SMEs is already seeing customer demand for cryptocurrency payments, according to a recent survey by payment technology provider DECTA. Whether you are considering accepting crypto or have already started doing so, understanding how it ...
READ MORE
© Walker Begley 2024. All rights reserved. Regulated for a range of investment business activities by the Institute of Chartered Accountants in England and Wales. Registered in England and Wales no. 5280582
- Privacy
- Terms & Conditions
- VAT number: 107 1775 25
- The information required by the ‘Provision of Services Regulations’ is on display at our office.