FAQ: Making Tax Digital for Income Tax
With the rollout of Making Tax Digital for Income Tax (MTD ITSA) starting on 6th 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 […]
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 […]
Payroll for the tax year 2025-26
The new tax year kicks off on 6th April 2025, bringing significant payroll changes that every employer needs to know about. From notable hikes in Employer National Insurance Contributions and expanded Employment Allowance eligibility, to new statutory payments supporting parents, staying informed is essential to ensuring compliance and maximising the benefits for your business and […]
Spring Statement 2025: Gravita’s review
Written by Tax Partner, Michaela Lamb After the Chancellor’s announcement that she would not be making any sweeping tax changes in her Spring Statement this year, it should not have come as a surprise that she really did not. The Spring Statement was definitely not a “Budget” as we have come to expect. It was […]
Hub: The UK Budget
Welcome to Gravita’s Budget hub; your go-to resource for clear, insightful information on the latest developments from the Chancellor’s statements. Here, you’ll find expert analysis, practical guidance, and easy-to-follow summaries of the Spring Statement, Autumn Budget, and important changes affecting your finances, business, and sector. Stay informed, plan ahead, and explore what these announcements mean […]
Making tax digital for income tax: HMRC to contact taxpayers from April 2025
Written by Director of Transformation, Russell Frayne If you’re a sole trader or landlord earning more than £50,000, you can expect to hear from HMRC about Making Tax Digital (MTD) from April 2025. Letters are being sent out to raise awareness and help taxpayers prepare ahead of the start date in April 2026. If you […]
Spring Statement 2025: What to expect and what we’d like to see
Written by Tax Partner, Ian Timms Following on from the eventful Budget in the Autumn, Rachel Reeves will deliver her Spring Statement on 26th March 2025. The Autumn Budget introduced £40 billion in tax increases, so we are all hoping for less of a ‘splash’ this time and given the governments comments that there will […]