News - Holeys

04-11-2025

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

04-11-2025

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

04-11-2025

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

04-11-2025

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

04-11-2025

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

04-11-2025

Family businesses most exposed to 2026 IHT reforms

In the October 2024 Budget, the Government confirmed reforms to Inheritance Tax (IHT) that will take effect from April 2026. The changes will restrict the availability of

04-11-2025

IR35: Increase in financial thresholds for “small” client company

HMRC has confirmed that the upcoming increase in company size thresholds will apply to the off-payroll working rules. From 6 April 2026, more end-client companies will qualify

01-10-2025

Company Electric Car – HMRC introduces two separate rates

HM Revenue and Customs (HMRC) has announced its latest updates to the Advisory Electric Rate (AER) that will affect employees using a company car. Reviewed every three

01-10-2025

HMRC updates the factsheet for self-review of the National Minimum Wage

With changes expected to be announced about the UK’s current National Minimum Wage (NMW) and National Living Wage (NLW) rates in the near future, HM Revenue and

01-10-2025

New shareholder dividend reporting requirements are fast approaching

The 2025/26 financial year will bring new reporting requirements for UK resident directors of close companies, who are required to file a Self-Assessment tax return. HM Revenue

01-10-2025

The dangers of non-compliance with the new Companies House ID verification

From 18 November 2025, identity verification will be mandatory for company directors, members of LLPs and Persons with Significant Control (PSCs). Companies House will not be prosecuting