HMRC updates guidance for claiming new allowance

Business Tax

Qualifying expenditure on plant and machinery can qualify for a 40% first-year allowance from 1 January 2026. HMRC has now updated its guidance to help make claims. What do you need to do?

22.01.2026

Repayment thresholds for student finance confirmed

Personal Tax

Repaying student finance can seem complicated, with a number of different plan types each having different repayment thresholds. The thresholds for the forthcoming year have just been confirmed. What’s the full story?

14.01.2026

Advance assurance pilot confirmed

Business Tax

There have been a number of changes to how research and development tax credits are claimed in recent years. HMRC has now confirmed that a pilot of a new clearance procedure will begin later this year. What do we know so far?

13.01.2026

Government announces significant climbdown on IHT reforms

Personal Tax

The introduction of a £1 million cap on 100% business and agricultural property relief from April 2026 has been criticised particularly heavily by the farming industry. The government has announced a significant watering down of the measure. What’s happening?

07.01.2026

Marginal relief - responding to an HMRC nudge letter

Business Tax

HMRC is running a campaign to clamp down on incorrect claims for corporation tax marginal relief (MR). In what circumstances might you be challenged by HMRC and how should you respond?

19.12.2025

Gift relief to be "modernised"

Personal Tax

A restriction on gift holdover relief will be reformed in 2026. This will affect gifts of certain shares, so what's the full story?

16.12.2025