A long-standing tax relief that helps home-based workers cover household expenses will be scrapped from April 2026, in a move that will affect an estimated 300,000 employees and raise tens of millions for the Treasury. The relief — originally introduced more than a decade ago and widely used during the pandemic — allows employees who […]
A major VAT reform unveiled in the Budget is expected to unlock millions of pounds’ worth of surplus goods for charity and significantly reduce the volume of usable products sent to landfill. From 1 April 2026, businesses will be able to donate goods to registered charities without incurring a VAT charge, removing a long-criticised tax […]
Chancellor Rachel Reeves has delivered her second Budget, unveiling a wide-ranging package of tax, spending and regulatory measures shaped by weeks of leaks — and an accidental early publication of the OBR’s official forecasts. Here is a comprehensive overview of the main changes affecting households, businesses and the wider economy. Personal taxation Reeves confirmed that […]
Experts are warning that Rachel Reeves’ decision to cap the National Insurance advantages of pension salary sacrifice at £2,000 a year risks dismantling one of the UK’s most widely used workplace savings tools, and may force smaller employers to freeze hiring or scale back staff benefits. The Treasury expects the change to raise £4.7 billion […]
Marks & Spencer’s new strawberry and cream sandwich has captured attention on social media — but now it’s caught the eye of tax experts, too. Marketed as a sweet take on the viral Japanese strawberry sando, M&S’s half-sandwich — part of its meal deal range — is prompting questions over whether it should be classified […]
The number of inheritance tax (IHT) investigations launched by HM Revenue & Customs has soared by more than a third over the past year, as the government intensifies efforts to crack down on underpayment and boost Treasury revenues. New figures obtained through a Freedom of Information request by accountancy firm Price Bailey reveal that HMRC […]
Millions of savers could see their retirement pots put at risk under sweeping new pension reforms unveiled by the government, leading experts and campaigners have warned. A series of proposed changes, confirmed on Thursday as part of the new Pension Schemes Bill, would loosen rules on how surplus funds can be extracted from defined benefit […]
Pensions tax relief may be in the firing line in the upcoming Autumn Budget, with growing concern among financial experts that HMRC is targeting popular salary sacrifice schemes as a way to raise revenue. According to Blick Rothenberg, a leading audit and tax advisory firm, a new HMRC report points to the Treasury’s increasing focus […]
Sweeping tax reforms proposed by President Donald Trump in his so-called “One, Big, Beautiful Bill” could significantly increase the costs associated with global mobility for US-based employers and internationally mobile employees, according to audit and advisory firm Blick Rothenberg. Among the headline changes is a proposed incremental tax hike on income earned by residents of […]
The UK has taken a major step towards mainstream adoption of digital assets with the launch of GFO-X, London’s first regulated and centrally cleared cryptocurrency derivatives trading platform. Backed by FTSE 100 asset manager M&G and authorised by the Financial Conduct Authority (FCA), GFO-X will offer institutional investors access to bitcoin index futures and options. […]