News
RACKHAM’S ACCOUNTANTS
UK–India National Insurance exemptions
The UK-India Double Contributions Convention (DCC), which came into force on 15 July 2026 alongside the countries’ trade agreement, aims ...
New rules for Plastic Packaging Tax from April 2027
New rules for Plastic Packaging Tax (PPT) will take effect from 1 April 2027, changing how businesses account for chemically ...
Advance assurance on R&D claims
HMRC offers small and medium-sized enterprises (SMEs) two voluntary advance assurance services to help provide greater certainty about Research and ...
HMRC introduces faster National Insurance refunds
HMRC has introduced an automated payment process to speed up refunds for people who may have overpaid National Insurance contributions ...
New registration rules for payrolling benefits in kind
From 6 April 2027, employers must payroll taxable benefits in kind and expenses in real time, including company cars, car ...
New HMRC tax assessments for savings interest
HMRC is beginning to issue tax calculation letters (P800) and Simple Assessment notices (PA302) to collect any tax owed on ...
Outsourced Payroll is not a TUPE Transfer: Lessons from a costly VAT ruling
A recent tribunal decision shows that calling an arrangement a "TUPE transfer" does not make it one. For accounting firms ...
Could businesses get more choice over software?
Most businesses now depend on several software systems to manage everyday activities such as email, accounting, document preparation, customer records ...
New proposals could change self-employment rules
Businesses that engage freelancers, contractors and other self-employed workers may need to review their arrangements following a new Government consultation ...
VAT on education: could providers be entitled to refunds?
Alternative providers of higher and further education may be able to claim refunds of VAT following a recent Court of ...
Cryptoassets: common tax mistakes to avoid
Cryptoassets can create unexpected tax liabilities. HMRC’s guidance highlights several areas where mistake can be made. Assuming crypto-to-crypto exchanges are ...
HMRC reveals £42.8 billion outstanding tax debt
HMRC has revealed that it had £42.8 billion in outstanding tax debt at the end of March 2025, equivalent to ...
Tax to pay when you get a pension
You may have to pay Income Tax on your pension if your total annual taxable income exceeds your Personal Allowance ...
Paying the 2025-26 Child Benefit tax charge
Taxpayers who need to pay the High Income Child Benefit Charge (HICBC) for 2025-26 may be able to pay it ...
New tax return requirements for company directors
Company directors who complete a self-assessment tax return should be aware of new mandatory reporting requirements that came into effect ...
