Jermyn & Co News & Insights

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18% Tax on Your Business Sale? Here’s Your Escape PlanConsidering Selling Your Business?

April 28, 2026

MTD for Income Tax is Now Mandatory: What the Latest HMRC Data Means for Landlords & the Self-Employed

April 15, 2026

Are You MTD Ready? The Big April 2026 HMRC Deadline Is Approaching Fast

March 19, 2026

Qualified Accountant vs Chartered Accountant: What’s the Difference — and Why It Matters

February 25, 2026

Is Your Office World Cup Party Tax-Deductible? The HMRC Guide to Staff Entertaining

Salary, Dividends, or Pensions? Why 2026/27 Demands a Smarter Approach to Corporate Profit Extraction

Tax Write-Offs for Self-Employed Professionals: What You Can Legally Claim in 2026

Connecting with Local Landlords at EAL Exhibition

Are You Ready For Making Tax Digital?

Making Tax Digital for Income Tax – 6 April 2026 (2026/27) We’d like to make you aware of an important change coming from HMRC: Making Tax Digital for Income Tax on Self-Assessment, also known as MTD for ITSA. This new system will change the way certain individuals report income to HMRC. It becomes mandatory from […]

Jermyn & Co. Becomes an ICAEW Approved Training Employer

We’re excited to share some great news—Jermyn & Co is now officially recognised as an ICAEW Approved Training Employer! This accreditation means we meet the high standards set by the Institute of Chartered Accountants in England and Wales (ICAEW) to train and support future chartered accountants. It’s a proud milestone for our firm and a […]

Furnished holiday lets face tax hike from April

The Chancellor has confirmed plans to abolish the furnished holiday lettings (FHL) tax regime starting in April 2025, with draft legislation now published. This change will remove the tax benefits currently enjoyed by short-term holiday let landlords, bringing their tax treatment in line with those of standard residential landlords, such as buy-to-let properties. The government […]

National living wage likely to rise by 5.7%

The move to increase 18-20-year-old rate of national minimum wage will begin from 2025 but will not be instant. The Low Pay Commission has outlined a provisional plan for 2025 to begin raising the young persons’ rate of £8.60, in line with the government’s goal to eliminate age-based wage differences. This aligns with the government’s […]

Beware the tax on cash savings interest

A record 2.1 million people are expected to pay tax on their savings interest this year due to rising interest rates and a stagnant personal savings allowance. With average savings account rates reaching 5%, more savers are hitting their tax-free limit. This marks a significant increase from previous years, with 945,000 basic rate taxpayers now […]

Is tax deductible if company funds are lost through fraud?

One of our clients has been the victim of a scam that resulted in the director making a significant transfer from the company’s business bank account to a fraudster impersonating a trade supplier. Can we claim a tax deduction? In summary, the deduction’s eligibility hinges on whether the loss is considered a theft of cash […]

Side Hustles Under Scrutiny: HMRC Targets Sellers as Income Reporting Tightens

The phrase “side-hustle” has entered everyday language of late. Individuals supplement their main income with an activity that brings in extra cash in their spare time, use an under-utilised asset or flex their creative muscles with a particular skill that they might have. Side hustles have always been around but as they have become more prevalent, […]

LITRG Warns of ‘Side-Hustle Time Bomb’: HMRC Must Improve Communication on New Tax Rules for Casual Sellers

The Low Income Tax Reform Group (LITRG) has urged HMRC to ramp up communications to ensure that side hustlers are aware of their obligation to file tax returns, with up to two million people potentially affected. LITRG highlighted new online platform reporting rules, effective from January, which will require platforms like eBay, Vinted, Deliveroo, and […]

HMRC To Launch MTD Pilot On 22 April

HMRC is inviting tax agents to participate in the beta testing for Making Tax Digital for Income Tax Self-Assessment (MTD for ITSA), starting from 22 April. This gives agents two years to test the digital filing system with live client data before mandatory quarterly reporting for landlords and self-employed individuals with income over £25,000 begins […]

Changes from the Companies House- How Will This Impact You?

Companies House has rolled out the first of many changes to UK company law, starting on 4th March 2024. These major reforms, introduced by the Economic Crime and Corporate Transparency Act 2023, will help to improve transparency, tackle economic crime, and support GDP growth. These recent changes may impact your business operations. Here’s what you […]