Blogs from Larking Gowen

If you accessed your pension before April 2024 without taking the full tax-free lump sum, a Transitional Tax-Free Amount Certificate (TTFAC) could allow you to access more tax-free cash. Director, Jan McLean, explains how the new rules work and what to consider before making further pension decisions.

When transitioning from P11D reporting to payrolling benefits in kind, there’s often an overlap that leads to double taxation. Senior Payroll Manager, Dannielle Chapman, explains why this occurs, what steps employers need to take, and how to manage the changes.

An overview of the key changes introduced under SFI26, including eligibility, application windows and funding limits. Manager, Andrew Whiting, highlights what farmers need to know to prepare and apply successfully.

VAT Director, Gillian McGill, explains what adjustments you may need to make, this impacts VAT registrations that generate exempt income and that undertake non-business activities.

Grant funding may no longer be treated as outside the scope of VAT following the Colchester Institute ruling. Instead, it could be seen as payment for services, which may affect VAT reliefs and recovery for colleges and other organisations.

Making Tax Digital for Income Tax is approaching, and medical professionals need to be prepared. This blog outlines MTD-compliant software options and what to consider when choosing the right solution for your needs.

Legally, the partners are the partnership and, unless the partnership is set up as an LLP, the partners are jointly and severally liable.

Recent updates to Making Tax Digital for Income Tax confirm penalties for missed deadlines, making it clear that landlords and self-employed individuals must continue to meet their obligations, even during periods such as maternity leave. Understanding these changes now will help you prepare effectively and stay compliant.

NHS Pension members who opted out between 2015 and 2022 may now be able to reinstate their benefits under the McCloud Remedy. Director, Jan McLean, outlines what you can do, the costs involved, and the key tax considerations to review before making a decision.

The Farming Equipment and Technology Fund (FETF) 2026 is now open, offering grants of up to £75,000 to support investment in productivity, animal health and welfare, and slurry management. With applications closing on Monday, 28 April, now is the time to review your options and prepare a strong submission.

Our expert tax team looks at the complexities of Annual Tax on Enveloped Dwellings when a property is acquired by an NNP (a company, partnership with a corporate member or a collective investment scheme).

Getting the classification of your company vehicle wrong can lead to unexpected tax costs for both employers and employees. Liam Kedge explains how HMRC defines cars and vans for Benefit-in-Kind purposes and highlights the key areas where businesses often get caught out.