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New partners – Caroline Walpole and Richard Buckby

< 1 minute to readThe partners of Newby Castleman are delighted to announce that Caroline Walpole and Richard Buckby have been promoted to partners of the firm. These appointments will enable the practice to continue its personal, partner-led support for businesses and individuals. Caroline has been Director of Audit and responsible for organising the day-to-day management of the audit …

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Updated timing: Payrolling benefits in kind now 6 April 2027

2 minutes to readIn their spring newsfeed, HMRC has announced that the date for the mandatory reporting of Income Tax and Class 1A NICs for most benefits in kind and taxable expenses has been put back a year – to 6 April 2027 These changes will mean that the tax on employees’ taxable benefits will be deducted directly …

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Spring Statement 2025- comment & summary

4 minutes to readThe Chancellor, Rachel Reeves, was keen to remind us that today’s announcements were not a Budget, and that the Spring Statement did not raise any taxes for “working people”. Whilst that was a relief for many taxpayers, a closer examination of the documents published alongside the Spring Statement reveals a raft of tax announcements. Administration …

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Checklist: Year-end personal tax planning

4 minutes to readBefore the tax year draws to a close, it is important to ensure your tax affairs are arranged efficiently. Year-end tax planning can provide significant benefits, including reducing your tax liabilities and ensuring that you make full use of available allowances and reliefs. We have compiled a checklist, and some key planning points that you …

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HMRC targets historic online marketplace sales

2 minutes to readHMRCs latest campaign is a push to ensure tax compliance by those who sell through online platforms. The One to Many campaign Called the One to Many campaign, a letter is sent to people who receive income from online marketplaces , and haven’t reported their incomes. HMRC now receives data directly from platforms about their …

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Double cab pick-ups to be treated as cars

2 minutes to readThe Autumn Budget 2024 put the tax treatment of double cab pick-ups (DCPUs) back in the headlines. Background For benefit-in-kind rules and capital allowances, the classification of these vehicles has been debated in the courts for some years. The position before the Budget was that DCPUs with a payload of one tonne or more were …

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UK company size thresholds change from April 2025

2 minutes to readNew legislation published by the government will increase the monetary size thresholds for micro, small and large-sized entities. This follows an update from the Department for Business and Trade in October 2024. It confirmed the new government will proceed with most of the proposals (announced by the Conservative government in March 2024) on company sizes, …

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