With Making Tax Digital (MTD) for Income Tax less than six months away, HM Revenue and Customs (HMRC) has confirmed that it will be sending out letters to ensure taxpayers are ready.
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Author Archive: Midgley Snelling
Autumn Budget measures tighten the squeeze on personal wealth, warns MGI Midgley Snelling LLP
MGI Midgley Snelling LLP, one of Weybridge’s top accountancy firms, is advising the British public to take a closer look at their plans for saving and investing following this year’s Autumn Budget announcements. After a surprise, early publication of the OBR report, Chancellor Rachel Reeves addressed Parliament and the public on 26 November to share […]
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Autumn Budget 2025
The Government faced a difficult job going into the Autumn Budget, as they navigate a growing national deficit, a seemingly never-ending cost-of-living crisis and political challenges. From the outset, the Chancellor Rachel Reeves made it clear that this would be an Autumn Budget that focused on fairness, with everyone playing their part in reducing national [...] Read more
The benefits of auditing your business
Many businesses are stuck viewing audits as simple compliance measures and may be missing out on the value they offer a business.
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What financial steps can I complete to reduce the risk of Inheritance Tax?
Managing Inheritance Tax (IHT) liabilities is one of the bigger challenges many high-net-worth taxpayers face when looking to protect their interests and pass wealth to the next generation.
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The signs of digital wallet abuse you need to look out for
Digital wallet abuse is on the rise as criminal networks continue to exploit individuals and businesses for their own selfish gains. In 2024, over 2.5 million cases of remote purchase fraud were recorded, so it is important that you can spot signs of digital wallet fraud and put measures in place to protect yourself, your […]
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Preparing for Plan 5: The newest student loan payment structure
Students who started their undergraduate and advanced learner loan courses on or after 1 August 2023 will fall into the new Plan 5 payment plan bracket. From April 2026, students who fit in the Plan 5 criteria will begin repaying their student loan, which is why it’s important you understand the new plan and how […]
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The UK’s residency rules explained – Six months on from the change
In April 2025, the UK’s ‘non-domicile regime’ was replaced with a new set of rules centred around an individual’s tax residency, taking in factors like an individual’s links to both the UK and other countries and trust structures they are connected to. What was introduced? A new four-year Foreign Income and Gains (FIG) regime has […]
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Bank and building society interest – What needs to be reported under Self Assessment?
HMRC has confirmed it is changing the way it will handle tax on bank and building society interests. What has HMRC changed? Since October 2025, HMRC has been sending out Simple Assessment letters to individuals who may owe tax on interest incurred from banks and building societies between April 2024 and April 2025. The letters […]
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Could the Autumn Budget hold big changes to the taxation of partnerships?
With the November Budget just weeks away, one rumour appears to be gaining more traction than others. Media reports suggest that the Chancellor, Rachel Reeves, may introduce a new National Insurance charge on partnerships in her Budget announcement. What is being considered? It is understood that the Government is exploring the idea of applying an […]
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