Blogs from Larking Gowen

The DEFRA Farming Roadmap 2050 was released on 24 June and sets out a set of policy priorities to transform England’s farming sector into one that is profitable, sustainable and resilient.

HMRC is consulting on significant changes to the taxation of company restructurings, demergers and shareholder transactions. Find out what the proposals could mean for business owners and why it may be worth reviewing your restructuring plans now.

Lee Green, Partner in our Insolvency and Recovery team, provides you with a practical and reassuring guide for businesses experiencing cashflow difficulties.

From the 2025/26 tax year, HMRC has introduced new reporting requirements that will affect many individuals who are company directors. If you’re a director of a UK company, even if it’s small or you don’t receive any income, this may apply to you.

A temporary VAT reduction has been announced as part of the government's "Great British Summer Savings" initiative. While many businesses in the tourism, leisure and hospitality sectors have welcomed the move, it also introduces additional complexity that businesses need to prepare for quickly.

HMRC has confirmed that the move to mandatory payrolling of Benefits in Kind (BIKs), due to begin in April 2027, will now be introduced in a phased approach.

If you are taxed through PAYE and do not complete a self-assessment tax return, a P87 form is a simple way to claim relief on work-related expenses.

The Chancellor has announced an increase to the tax free mileage rate for employees using their own vehicle for business travel. Assistant Manager, Neil Bottomley, explains what's changing.

The HMRC technical note (May 2026) sets out how IHT will apply to pensions from 6 April 2027, following legislation in the Finance Act 2026. Manager, Andrew Whiting, explains the key implications.

Paying trustees or connected persons requires careful judgement, clear legal authority and strong governance. Early, informed advice can help protect both the charity and its trustees and support decision‑making. 

The 2025/26 Academies Accounts Direction (AAD) was published at the end of March and, as in recent years, the changes are limited. However, there are some important new disclosures (and one notable removal) that academy trusts should be aware of as they approach year-end.

Applications are expected to open from 30 June 2026 for small farms and farms without an existing ELM revenue agreement, with a wider application window opening in September 2026.