Directors of close companies will need to provide more information on their self-assessment tax returns for 2025/26, with close companies themselves expected to report increasingly detailed data in the future.... read more →
The number of property valuations challenged by HMRC has increased by more than a fifth over the past year, driven by frozen inheritance tax thresholds and rising property prices pushing... read more →
More than 580,000 traders faced penalties for late VAT payments last year, accounting for a quarter of all VAT-registered businesses. This shows that the tougher penalty regime introduced in 2023... read more →
HMRC collected 9.3% more tax in 2025/26 than the previous year, a rise largely driven by higher capital gains tax rates and increased employer national insurance contributions. Receipts for CGT... read more →
The Government has announced a temporary reduction in VAT from 20% to 5% on a range of family activities and children’s meals this summer, aimed at helping families with the... read more →
About us The SMH Group offers a comprehensive suite of financial services to our clients including Accountancy, Financial Services, Wills & Probate, Commercial Finance, Residential Mortgages and Corporate Finance. We... read more →
About us The SMH Group offers a comprehensive suite of financial services to our clients including Accountancy, Financial Services, Wills & Probate, Commercial Finance, Residential Mortgages and Corporate Finance. We... read more →
HMRC has reported a low initial registration level for its new income tax regime. More than 11 years after ‘Making Tax Easier’ was first announced in the March 2015 Budget,... read more →
Do you have a rainy day fund? Think again, if you don’t – where you hold your cash matters. A common piece of financial advice is that you should have... read more →
Could the war with Iran keep inflation higher for longer? When the Bank of England met in early February of this year, the summary of the meeting said, “Although above... read more →
