ICAEW raises concerns over charity tax proposals
The Institute of Chartered Accountants in England and Wales (ICAEW) has raised serious concerns about proposed changes to charity tax rules, warning they could discourage people from leaving charitable bequests in their
CGT: HMRC’s software error could cost thousands of taxpayers
Thousands of people who made capital gains in 2024-25 risk hefty penalties due to outdated HMRC software that hasn’t been updated to reflect the Autumn Budget’s tax rate increase. The problem with HMRC’s system
Nearly 3 million taxpayers set for Making Tax Digital by 2028
Making Tax Digital (MTD) – HMRC’s ambitious digital transformation – will sweep up 2.9 million self-employed individuals and landlords over the next three years, fundamentally reshaping how Britain’s entrepreneur
FRS 102: Major accounting changes on the horizon
UK businesses face substantial accounting reforms that will reshape financial reporting across all sectors. The Financial Reporting Council (FRC) has rolled out extensive revisions to FRS 102, aligning UK standards more
MTD IT Deadlines: What you need to prepare for
HMRC’s Making Tax Digital for Income Tax (MTD IT) initiative will fundamentally change how self-employed professionals and property owners manage their tax obligations, moving from annual submissions to regular dig
Employment Rights Bill Roadmap: What’s changing and when
The UK is on the brink of its biggest employment law reform in decades. The new Employment Rights Bill introduces a sweeping set of changes that will reshape how businesses hire, manage and support their employees.
What HMRC’s tax gap means for SMEs
HMRC’s recent figures reveal a concerning trend that could directly impact your business. The tax gap (the difference between expected and collected revenue) has reached £46.8 billion for 2023/24, representing 5.3% of
Roshan Malla promoted to Partner at Carston ETL’s London office
We are excited to announce that Roshan has been promoted to Partner at our London office. With nearly two decades of experience in the accounting industry, Roshan has built a strong foundation working at both medium and
Director Identity Verification: What you need to know
From 25 February 2025, directors now have the option to verify their identity with Companies House. While initially voluntary, this process will become a legal requirement by late 2026. Here’s everything you need to kn
Autumn Budget 2024
Boxed in by Labour’s manifesto pledges not to increase income tax, employee’s national insurance and VAT, Chancellor Rachel Reeves instead had to raid other taxes, like capital gains tax (CGT), inheritance tax (IHT),
