Dan Bennett
“There’s nothing wrong with the younger generation that becoming taxpayers won’t cure”. Dan Bennett.
22 October 2025
Correcting Errors in VAT Returns
There are two methods for correcting errors that have been made on previously submitted VAT returns: Adjust the errors on the next return where either the net error value was £10,000 or less, or the net value was less than 1% of the Box 6 figure, up to £50,000. Notify HMRC separately of the error.
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Will Farmers Get an IHT Respite
Every week, we take a look at what is trending in the accountancy and tax press and share items that we think will interest you. However, these are only outlines and where they relate to tax planning should not be acted upon without looking into them more completely, as everyone’s circumstances are particular to them.
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So Much Talk About IHT
Arguably, IHT had become a bit of a boring tax. For most business owners, it was largely irrelevant because of the availability of BPR (Business Property Relief) and APR (Agricultural Property Relief). There were always things that these did not cover, but generally, the lion’s share of the valuations were exempted. It was only after
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