Current Issues

It’s now less than a year before the first tranche of sole traders and landlords move to a new reporting system for income tax as part of HMRC’s Making Tax Digital (MTD) programme.

Top tips for mitigating the higher rate of employers’ national insurance contributions while still positioning your business for sustainable growth

An overview of the announcements in the Chancellor's 2025 Spring Statement.

In many property renovation projects VAT is sometimes overlooked when the initial budgets and costings are being devised

For those who have missing NI years between 2006 and 2016 (to qualify for a full state pension), time is running out to plug the gaps.

A summary of the key points in the FCA’s Consultation Paper CP24/20 and its implications for payments and e-money firms.

In their latest update our Payroll specialists discuss benefits in kind changes, holiday pay reforms and the delay to the hours of work new rules.

A handy 8-point checklist designed to help Payment and E-Money firms strengthen their compliance ahead of their safeguarding audit.

Answers to the common questions Payment and E-money firms ask regarding the annual safeguarding audit, which the Financial Conduct Authority (FCA) requires.

In this article we explain why eMoney Institutions (EMI) and the Payment Service Regulations (PSR) require safeguarding audits to be conducted, and what is involved.

Since 2021, the Financial Conduct Authority (FCA) has required firms covered by The Payment Service Regulations and Electronic Money Regulations to have an annual safeguarding audit.

More and more estates are now subject to paying inheritance tax (IHT), but much can be done to mitigate liability by using the available allowances.

In the second of our two-part series on family trusts, we look at some further tax advantages of trusts and share an example.

In the first of a two-part series of articles, we look at the types of trusts and where they can be useful.

A handy summary of the residence nil-rate band in relation to inheritance tax

Many of us want to give some of our assets to loved ones, but inheritance tax (IHT) rules can be confusing.

In this article we explain the qualifying criteria for Private Residence Relief. This relief enables some people not to have to pay Capital Gains Tax on the increase in the value of their home over the time they owned it.

In this issue we cover the latest FCA developments and guidance notes for the sector.

Production companies in the broadcast industries will soon be able to claim an enhanced rate of audio-visual expenditure credit (AVEC) on their UK visual effects (VFX) costs.

In their Winter update, Shipleys VAT specialists touch on VAT on school fees and vigilance against VAT-related fraud.

Some tax planning pointers to consider in the run-up to 5 April 2025.

All of the Shipleys LLP team would like to wish our clients and contacts a very Merry Christmas and a Happy New Year.

The 2024 Autumn Budget announced a number of changes to UK inheritance tax. Here we explore the tax liability implications.

In this article we spotlight the various capital gains tax measures announced in the 2024 Autumn Budget, consider their implications and suggest some tips on what to do.

UK businesses who trade with/within the European Union (EU) should prepare for significant changes to EU VAT rules.