Blog - Holeys

06-05-2025

Beware tax avoidance scheme promoters – HMRC cracks down with new powers

Recent Government estimates suggest that as much as £1.8 billion is lost every year due to tax avoidance schemes. That money, designated to fund schools, hospitals and

06-05-2025

Is your remuneration strategy still tax-efficient in 2025/26?

Business owners who pay themselves through a combination of salary and dividends should revisit their remuneration strategy this tax year. With Income Tax thresholds frozen until 2028

06-05-2025

Capital allowances: Full Expensing vs AIA vs Writing-Down Allowances

Capital allowances allow businesses to claim tax relief on money invested in assets like machinery, equipment, or certain vehicles used commercially. There are a variety of capital

01-05-2025

What is the Worldwide Disclosure Facility and when should you use it?

If you have undeclared income or assets held overseas, you may owe tax in the UK. The Worldwide Disclosure Facility (WDF) offers a way to correct your

30-04-2025

How trivial benefits can improve employee morale without increasing your tax bill

When businesses look to motivate their teams, the focus often lands on salary, bonuses or large-scale perks. However, trivial benefits are also available and can often be

24-04-2025

HMRC is closing its free Company Tax Return filing service – what your business needs to do now

From 31 March 2026, HM Revenue & Customs (HMRC) will permanently close its free online service for filing Company Tax Returns and annual accounts. If you currently

23-04-2025

Fewer HICBC penalties – a sign of success, or a reminder to stay compliant?

Recent data from HM Revenue & Customs (HMRC) shows a dramatic fall in penalties issued under the High Income Child Benefit Charge (HICBC) – from over 13,500

17-04-2025

Can nearshoring solve the economic confusion?

It is no secret that the ongoing trade wars, tariffs, and tense negotiations have left the world in a perilous place from an economic standpoint. The situation

16-04-2025

Making Tax Digital is expanding – here’s what sole traders need to know

A significant change is on its way for sole traders, with new rules set to reshape how income is reported and managed. From April 2026, individuals with

10-04-2025

Rising BADR rates bring MBO timing into sharper view

The idea of selling a business to its management team has long been part of succession planning in the UK. However, changes to the tax treatment of

09-04-2025

Late tax payments now charged at 8.5 per cent as HMRC hikes interest rate

Following changes to legislation, HM Revenue & Customs (HMRC) has revised the way it calculates interest on late and early payments, linking it more closely with the