Baker Tilly | Insights

Insights

Business Services Tax

New Fuel Rates for Company Cars

New fuel rates for company cars apply from 1st September.

07 MOTOR

800,000 Self-Employed Individuals Could Have Gaps in Their NI Record

HMRC will write to nearly 800,000 taxpayers who could have gaps in their National Insurance (NI) record. The issue affects taxpayers who became self-employed between 2015 and March 2024.

02 MEDIA

HMRC Reminds People With Side Hustles to Register for Self Assessment

HMRC is reminding people with side hustles that they will need to tell them if they earn more than £1,000.

28 CRH

Business Services Tax

HMRC Delays Full Rollout of Payrolling for Benefits In Kind

Mandatory real-time reporting of income tax and Class 1A National Insurance contributions for certain BiK and taxable expenses will now be phased in from 6 April 2027.

47 MT

HMRC Targets Director Loan Reporting Rules

HMRC has launched a wide-ranging consultation that could significantly change how small companies report financial transactions involving directors and shareholders.

69 TP

A Statement With No Surprises, But Pressure Gathers Beneath

The UK's Spring Statement offered continuity over comfort, hinting at potentially difficult choices ahead for businesses and families; discover key takeaways and strategies for forward planning.

575 AERIAL 1

Making Tax Digital – Are You Affected?

From April 2026, MTD requires self-employed and landlords earning over £50k to keep digital records and submit quarterly summaries, followed by annual declaration. Thresholds will decrease later.

118 TP

A Delicate Balancing Act That Still Leaves Most of Us Paying More

Uncover the hidden impacts of the latest UK Budget: Neil Armstrong, Tax Director, dissects the revenue-raising measures, from "mansion tax" to frozen thresholds, and reveals how they'll subtly affect every taxpayer.

11 AERIAL 3

Making Tax Digital for Income Tax

Is your self-employment or landlord income over £20,000? Learn about HMRC's upcoming "Making Tax Digital for Income Tax" changes starting in April 2026 and how it impacts your reporting requirements.

130 PEOPLE

Corporation Tax Personal Taxation

A Low Key Spring Statement as Reeves Seeks Stability

Did the Spring Statement deliver tax changes or spending cuts? Discover the key takeaways, including increased late payment penalties, debt collection enforcement, and potential pension reforms on the horizon, and what they mean for you.

409 AERIAL scaled

Corporation Tax

Time to Ensure Tax Planning is in Shape before April Deadline

Navigate the latest tax changes in the UK (Inheritance Tax, Stamp Duty, Capital Gains Tax & more) effective April 2025, and learn crucial tax planning strategies to maximize your reliefs and allowances before it's too late!

434 AERIAL 2

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