Jermyn & Co News & Insights

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Case Study: Inheriting an HMRC Enquiry

August 19, 2026

How to Save Tax Legally in the UK in 2026: A Straight-Talking Guide

August 4, 2026

Making Tax Digital: The 7 August Deadline Is Days Away — And Thousands Still Are Not Registered

July 28, 2026

What Andy Burnham’s Premiership Could Mean for Your Tax and Finances

July 21, 2026

Case study: how Business Asset Disposal Relief saved a Norfolk business owner £46,920

Tax planning for 2026/27: what has changed, and what to do before 5 April 2027

Inherited pensions could face a 91% tax charge from April 2027. Here’s what’s changing.

Case Study: When HMRC Opens a Compliance Check — Even On a Simple Tax Return

2025-2026 Tax Card is Launched!

At the beginning of the new financial year, Jermyn & Co. ‘s 2025-2026 Tax Card is now available! Packed with key tax rates and allowances, it helps you stay informed and prepared for the year ahead. Download your free copy here!

End of Free HMRC Tax Filing: What It Means for You

The government’s Making Tax Digital (MTD) programme is set to transform how millions of self-employed individuals and landlords report their income—starting from April 2026. One of the biggest changes is the withdrawal of HMRC’s free tax filing software, which was used by 4.5 million taxpayers in the 2023–24 tax year. From now on, anyone within […]

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 […]

Shot of a young couple taking a selfie while busy moving into their new home

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 […]

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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 […]

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