Budget
Do You Pay Tax on Cashback and Credit Card Rewards?
September 28, 2026Do You Pay Tax on Cashback and Credit Card Rewards? Cashback has become a normal part of everyday spending. You might receive money back from: Credit cards Current accounts Shopping apps Retailer loyalty schemes Mortgage offers Switching incentives Online cashback websites Individually, these payments can seem small. But if you use several reward schemes, the
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HMRC Targets 600 Prosecutions per Year in Major Compliance Expansion
November 27, 2025Autumn Budget: HMRC Targets 600 Prosecutions per Year in Major Compliance Expansion The Autumn Budget confirmed a significant escalation in HMRC’s enforcement activity, with a new target of 600 prosecutions per year. This represents a major expansion in compliance operations and signals a clear shift towards tougher action on tax evasion, avoidance, and non-compliance. The
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R&D Compliance Tightening and Advance Assurance Reform
November 27, 2025Autumn Budget: R&D Compliance Tightening and Advance Assurance Reform The Autumn Budget introduced significant changes to the UK’s Research & Development (R&D) tax relief regime, aimed at tightening compliance and reducing the risk of incorrect or fraudulent claims. For many small and medium-sized enterprises (SMEs), this is one of the most important updates in the
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Higher IR35 Small Company Thresholds from 2026
November 27, 2025Autumn Budget: Higher IR35 Small Company Thresholds from 2026 The Autumn Budget confirmed a major change to the off-payroll working rules (IR35) that will come into effect from April 2026. The thresholds determining whether a business is classed as “small” — and therefore exempt from operating IR35 — will increase substantially. These new limits mean
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Umbrella Company PAYE/NIC Joint Liability Reform from April 2026
November 27, 2025Autumn Budget: Umbrella Company PAYE/NIC Joint Liability Reform from April 2026 The Autumn Budget announced a major compliance reform affecting umbrella companies, recruitment agencies and end clients.From April 2026, where an umbrella company fails to account for PAYE or National Insurance Contributions (NICs), liability will be passed up the labour supply chain. This is a
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Capital Gains Tax Rates and Annual Exemption Frozen
November 27, 2025Autumn Budget: Capital Gains Tax Rates and Annual Exemption Frozen The Autumn Budget confirmed that the standard Capital Gains Tax (CGT) rates and annual exemptions will remain frozen, continuing the pattern of threshold and allowance freezes across the tax system. Although no headline rate change was announced, the freeze itself amounts to a long-term tax
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Unused Pensions to Be Subject to Inheritance Tax from 2027
November 27, 2025Autumn Budget: Unused Pensions to Be Subject to Inheritance Tax from 2027 One of the most significant and far-reaching changes announced in the Autumn Budget is the decision to bring unused pension funds into the scope of Inheritance Tax (IHT) from 2027. This represents a fundamental shift in the way pensions are treated on death.Until
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NICs Introduced on Pension Salary Sacrifice Above £2,000 from April 2029
November 27, 2025Autumn Budget: NICs Introduced on Pension Salary Sacrifice Above £2,000 from April 2029 The Autumn Budget introduced a major change for anyone using salary sacrifice to fund pension contributions.From April 2029, only the first £2,000 of salary sacrificed into a pension each year will remain exempt from National Insurance Contributions (NICs). Any pension contribution made
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Autumn Budget: New £12,000 Cash ISA Cap from 2027
November 27, 2025Autumn Budget: New £12,000 Cash ISA Cap from 2027 The Autumn Budget introduced a significant reform to Individual Savings Accounts (ISAs), confirming that from April 2027, there will be a new £12,000 annual cap specifically for Cash ISAs. This limit will operate within the existing £20,000 annual ISA allowance, meaning savers will need to think
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EMI Share Scheme Expanded to Support Growing SMEs
November 27, 2025Autumn Budget: EMI Share Scheme Expanded to Support Growing SMEs The Autumn Budget introduced a highly significant update for small and medium-sized businesses: a major expansion of the Enterprise Management Incentive (EMI) share scheme. The changes increase the scope, flexibility and accessibility of EMI options, making the scheme even more attractive for SMEs looking to
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