When a Tax Refund Isn’t What It Seems
For most people, a tax refund is straightforward: an overpayment is corrected, a missed expense is claimed, and the money comes back.
For most people, a tax refund is straightforward: an overpayment is corrected, a missed expense is claimed, and the money comes back.
HMRC’s focus on small businesses is shifting again, and this time, it’s not about what you earn, but how money moves between you and your company.
HMRC’s information-gathering powers have evolved, and one tool in particular is worth understanding.
From April 2027, a little-known technical change will come into force, one that could quietly cost you thousands in extra tax.
In practical terms, the higher cap could allow a couple to protect up to £5 million of qualifying agricultural or business assets at the full relief rate.
The message was clear: HMRC would pursue not only the promoters of tax avoidance schemes, but also those who enabled or facilitated their use.
Did you know that, from March 2026, HMRC will stop sending letters by post as standard and switch to digital communications?
At first glance, the Autumn Budget 2025 seemed relatively uneventful - no major tax hikes and no shock policy reversals.
Chancellor of the Exchequer Rachel Reeves set out tax-raising measures worth up to £26 billion in the Autumn Budget on 26 November 2025.
Major tax changes are coming that could significantly reduce what your family inherits, especially if you own a business, farm, or pension wealth.