Personal Tax

Tax | Budget 2025: 50% CGT on employee ownership trusts

The chancellor is clamping down on tax advantages of employee ownership trusts with reduction in allowance for capital gains tax (CGT) for businesses sold

27 Nov 2025

Tax | Treasury confirms loan charge settlement will cost £365m

Following McCann review, the Treasury has accepted the majority of recommendations on resolving loan charge issue

27 Nov 2025

Tax | McCann loan charge review calls for HMRC to offer settlement opportunity

Long awaited McCann review into loan charge calls for HMRC to set up a new settlement opportunity for those who used loan schemes and provides damning insight into extent of problem

26 Nov 2025

Tax | Budget 2025: MTD penalties waived in year one

Landlords and self employed caught by phase one of Making Tax Digital (MTD) for Income Tax rules will not have to pay penalties if late filing quarterly updates

26 Nov 2025

Tax | Budget 2025: pension salary sacrifice capped at £2k

A £4.7bn tax swoop on pension savers is due to come into force when tough new rules on the use of salary sacrifice for pension contributions start

26 Nov 2025

Tax | Budget 2025: ISA limit slashed to £12k

As trailed in the most leaked Budget ever, chancellor confirmed cash ISA limit will be cut to £12,000

26 Nov 2025

Tax | Budget 2025: thresholds frozen to 2031

In a blow for earners, chancellor extends income tax threshold freeze for another three years

26 Nov 2025

Tax | Budget 2025: tax on savings interest hiked by 2%

Savers will be hit by a further tax blow with a 2% increase in the tax on savings interest

26 Nov 2025

Tax | Budget 2025: dividend tax up 2% from 2026

In a Budget speech full of minor tax changes, chancellor confirmed increase in dividend tax rates

26 Nov 2025

Image for umbrella company faces maximum ps16m hmrc penalty

Tax | Umbrella company faces maximum £1.6m HMRC penalty

Moir Management Services given maximum seven figure penalty for failure to disclose a notifiable arrangement over payment model and absence of a reasonable excuse

25 Nov 2025

Tax | Q&A: tax and foreign capital losses

In this week’s Q&A, Michael Smylie, adviser at Croner-i VIP Tax Team, explains tax considerations after abolition of domicile for tax purposes

25 Nov 2025

Tax | State pension up 4.8% perilously close to threshold

Chancellor confirms state pension to rise by 4.8% in line with earnings and well above inflation, putting pensioners within £23 of tax threshold

24 Nov 2025