Vanessa Glenn

2 months ago | hboltd.co.uk | Holly Walker |Jessica Mason |Vanessa Glenn

In her first Budget in October 2024, Rachel Reeves promised that there would only be one ‘fiscal event’ each year – she would not make significant tax changes more frequently. As she repeatedly said during her Spring Statement, the world changes rapidly: economic and political events can disrupt the forecasts that measure her compliance with her self-imposed fiscal rules.

2 months ago | hboltd.co.uk | Holly Walker |Vanessa Glenn |Jessica Mason

The abolition of the Furnished Holiday Lettings (FHL) tax regime, confirmed in the Spring Budget 2024, will take effect from 6 April 2025. This means property owners (individuals) currently benefiting from the scheme must understand how these changes will impact them. What this means for property ownersThe abolition of the FHL regime will see the same tax treatment being applied, whether you continue providing holiday accommodation or decide to rent property on a longer-term basis.

Mar 5, 2025 | hboltd.co.uk | Vanessa Glenn |Jessica Mason

The UK tax landscape is evolving, and with it, the obligations of sole traders and landlords with gross income in excess of £50,000. From April 2026, the introduction of Making Tax Digital (MTD) for Income Tax (IT) will redefine the way income and expenditure is reported to HMRC. Understanding the implications of MTD for IT is crucial. In this article, we explore the key changes, their potential impact on your financial affairs, and the steps required to ensure compliance.