d admin | Strathmore Accountants
Inheritance Tax changes for pensions

Inheritance Tax changes for pensions

From 6 April 2027, most unused pension funds and pension death benefits will be included in the value of a deceased person’s estate for Inheritance Tax (IHT) purposes. The changes, legislated for in the Finance Act 2026, represent a significant change to the tax...
Autumn Budget 2026 – Increase in Trading Allowance

Autumn Budget 2026 – Increase in Trading Allowance

It was announced as part of the Autumn Budget measures that the Trading Allowance will increase from £1,000 to £3,000 from 6 April 2027. The increase will help people earning small amounts from trading or other miscellaneous activities, while reducing the...
Autumn Budget 2026 – Changes to Capital Allowances

Autumn Budget 2026 – Changes to Capital Allowances

The Autumn Budget 2026 announced changes to the tax relief available to businesses investing in plant and machinery. The Government will increase the main rate first-year allowance to 50% for qualifying expenditure incurred from 1 January 2027, while reducing the main...
Penalties for online marketplace operators

Penalties for online marketplace operators

HMRC has published new guidance explaining the penalties that digital platform operators may face for failing to meet their tax reporting obligations. The guidance, published on 16 October 2026, clarifies how the existing rules for digital platform operators apply....
Issues with workplace travel claims

Issues with workplace travel claims

HMRC is contacting individuals who have come to the UK on secondment to remind them of the rules for claiming tax relief on travel and accommodation expenses incurred when working at a temporary workplace. The letters and emails highlight two common errors and explain...