Accountancy and business advisors Whitley Stimpson has appointed Mike Shearan as senior tax manager, bringing nearly three decades of specialist tax experience to the firm’s clients. Mike joins from James Cowper Kreston where he was senior tax manager and prior to...
Business Corporation Tax The government has confirmed that the rates of Corporation Tax will remain unchanged, which means that, from April 2026, the rate will stay at 25% for companies with profits over £250,000. The 19% small profits rate will be payable by...
Introduction Chancellor of the Exchequer Rachel Reeves set out tax-raising measures worth up to £26 billion in the Autumn Budget on 26 November 2025. The increases will be achieved through a range of measures, including extending the freeze on Income Tax thresholds...
HMRC has published draft legislation aimed at tightening rules around umbrella companies in a bid to increase accountability, protect workers and ensure the correct tax is paid across the labour supply chain. Umbrella companies are often used by temporary or contract...
HMRC has confirmed that companies will not have to comply with the requirements of Making Tax Digital (MTD) for corporation tax (CT) purposes. No start date had been set for MTD for CT, under which companies would have been required to maintain digital records; send...
In just over six months the first group of taxpayers will be required to join HMRC’s Making Tax Digital for Income Tax (MTD IT) programme. Some individuals may be able to avoid this by claiming an exemption. Self-employed taxpayers and landlords with qualifying...
