Understanding the Temporary Repatriation Facility for individuals with overseas income and gains
Written by Tax Partner, Dion Laycock The UK’s Autumn 2024 Budget introduced significant reforms affecting individuals with overseas income and gains, shifting from a domicile-based system to a residence-based taxation approach. A cornerstone of these reforms, effective from 6th April 2025, is the Temporary Repatriation Facility (TRF). Designed as a transitional measure, it is available […]
Update to Gravita’s Leadership team
Following an impressive three-year tenure delivering on Gravita’s growth strategy, Caroline Plumb has decided to step down as CEO of Gravita. Under her leadership, the business has completed six transactions, expanding its footprint across Essex, Oxford, Bristol, Exeter and London, and more than quadrupled revenue and headcount. Caroline has ushered in a new era […]
Are you ready for mandatory Companies House identity verification? What business owners need to know
Written by Accounts Partner, Richard Durrell From Autumn 2025, all company directors, People with Significant Control (PSCs), and those filing documents on behalf of UK companies will need to verify their identity with Companies House. This requirement, introduced under the Economic Crime and Corporate Transparency Act 2023 (ECCTA), represents one of the most significant changes […]
New HMRC fuel rates: what they mean for your business
Written by Tax Partner, Dion Laycock HMRC has released the latest advisory fuel rates, effective from 1st June 2025. While changes are minimal this quarter, it’s essential for businesses to understand how these rates impact fuel reimbursements and private fuel repayments for company car users. Talk to us What’s changed? The key updates include: A […]
What our poll revealed about Making Tax Digital readiness
Written by Director of Transformation, Russell Frayne During Gravita’s recent webinar on Making Tax Digital for Income Tax (MTD ITSA), we ran a survey to gauge how prepared individuals feel ahead of the 2026 rollout. The responses highlighted a mix of uncertainty, complexity and varied approaches to compliance. The session, held in collaboration with HMRC […]
FAQ: Making Tax Digital for Income Tax
With the rollout of Making Tax Digital for Income Tax (MTD ITSA) starting in April 2026, it’s natural to have questions. Whether you’re a landlord, self-employed, or advising clients, understanding what’s changing and how it affects you is key. We’ve pulled together answers to the most common questions from our recent webinar with HMRC, covering […]
Payrolling of benefits in kind delayed until April 2027: why it still makes sense to act now
29/04/2025 Written by Associate Director, Marc Taylor The government has confirmed that the mandatory payrolling of benefits in kind (BiKs) will now come into force from April 2027, a year later than originally planned. While this gives employers more breathing space, it is not a reason to delay preparations. Payrolling benefits early can still […]
HMRC is increasing tax investigations. It’s time to consider the Worldwide Disclosure Facility
Written by Tax Partner, Dion Laycock The UK government has tasked HM Revenue and Customs (HMRC) with significantly expanding its tax investigations over the coming months. With greater resources and political backing from the Labour government to close tax gaps, HMRC is likely to intensify its scrutiny of taxpayers, particularly those with overseas assets or […]
What’s keeping charities up at night? Economic, Accounting and VAT insights with Barclays
Join Katherine Wilkes, Audit Partner, and Sandy Cochrane, VAT Partner, from Gravita as they talk to Will Hobbs, Barclays head of UK Multi Asset Wealth, about the economic, accounting and VAT challenges facing charities and not-for-profit organisations. Focusing on the recent Spring Statement, ongoing economic conflicts, and the impact of Trump, our speakers will dive […]
Retail optimism rises, but is it too soon to celebrate?
Written by Outsourcing Partner, Sudhir Rawal As an avowed shopaholic, I noted that retailer’s optimism about their profits and growth for the year ahead has reached a near-decade high, amid sustained business confidence since the Autumn budget. Data released by the Lloyds Business Barometer showed highest figures since August 2015 and ONS data showing retail […]