News

October 2025 In this month’s Enews, we look at the numbers of taxpayers that will need to report quarterly when Making Tax Digital (MTD) for Income Tax comes into force. There is also a scam warning for self assessment and details of a new fraud law.The Chancellor has announced the date for her Autumn Budget…

September 2025 In this month’s Enews, HMRC raises the alarm on Winter Fuel Allowance payments and we take a look at the Department for Work and Pensions’ (DWP’s) warning that future pensioners will be ‘worse off’. There are also warnings around the impact of personal guarantees, to self assessment taxpayers and landlords on the impact…

This month we are celebrating a milestone here at Walker Thompson. It is 40 years ago this month that the firm was created by Trevor Walker and Ray Thompson, supported by Sherod Williams. In 1985, it was extremely difficult to find professional office space in Coventry and we spent the first few weeks of existence…

July 2025 In this month’s Enews, we look at the CIOT’s call for the government to take a strategic approach to tax policy and the government’s Industrial Strategy. We also look at a warning to taxpayers with online HMRC accounts and the gap between the tax haul expected and that actually collected. There is also…

June 2025 In this month’s Enews, we look at HMRC’s changes to late and penalty interest rates and the record numbers filing self assessment in the first week of the new tax year. There is news on the unpreparedness of sole traders for MTD and HMRC’s child benefit reminder to parents of older teens to update…

May 2025 In this month’s Enews, we look at the new service launched by Companies House that allows individuals to verify their identity through GOV.UK and at the cost of tax red tape on small businesses. We also look at HMRC’s warning for those sole traders and landlords who will soon be required to use…

APRIL 2025 In this month’s Enews, we look at HMRC’s research into the economic benefits of Making Tax Digital (MTD), a change in the threshold for reporting trading income on side hustles and at the Chancellor of Exchequer’s first Spring Statement. There is news on the Employment Rights Bill, an update on the Loan Charge…

The way that tax relief is given on employee pension payments depends upon what type of scheme it is. If the scheme is a ‘net pay arrangement’, the total pension contribution is deducted from your pay before tax is calculated, therefore, full tax is given immediately on the full pension payment. If the scheme is…

March 2025 In this month’s Enews, we look at the government’s decision to scrap powers for HMRC to collect data on the hours employees work, warnings from businesses over the impact of April’s employers’ National Insurance contributions (NICs) increase, at a government consultation on mandatory electronic invoicing for businesses and more. Proposed HMRC powers to…

 JANUARY 2025 In this month’s Enews, we look at ways HMRC could save millions of hours and improve its customer service levels and their warning for the taxpayers yet to file their self assessment returns. There is also news on the government’s Industrial Strategy and warnings about their employment plan from small business as well…