M+A Partners Attleborough

Partner Mary-Anne Sargeant shares how to register to pay the High Income Child Benefit Charge (HICBC) through HMRC's new PAYE service.

The article explains how eligible taxpayers can now pay HICBC via PAYE instead of completing a Self Assessment return, along with who is affected and what steps are needed to register.

Find out more here: https://www.mapartners.co.uk/blog/register-for-high-income-child-benefit/

Our offices will be closed on Monday 25th May for the bank holiday and will reopen on Tuesday 26th May. We hope you have a lovely, relaxing bank holiday weekend. ☀️🌷

Proposed changes to Inheritance Tax rules from April 2027 could significantly affect how pension wealth is passed on to future generations.

In our latest article, Emma Hunt and Lisa Craggs explore what the changes could mean for individuals, families, and business owners — including increased tax exposure, added administration for estates, and the importance of reviewing existing estate planning arrangements.

With pensions potentially becoming less tax efficient from an estate planning perspective, now is a good time to review your arrangements ahead of the new rules coming into effect.

Read the full article here: https://www.mapartners.co.uk/news/inheritance-tax-changes-pensions-2027/

🌺 Happy bank holiday weekend! We hope you have a lovely, relaxing bank holiday weekend.

Our offices will be closed on Monday, 4th May and will reopen Tuesday 5th May.

SWEF has announced continued funding support for young entrepreneurs in Norfolk through its Business Grants programme, offering financial assistance to help early-stage businesses start, grow and develop.

The scheme is aimed at individuals aged 18–30 who are based in Norfolk and have the ambition to build a business but are facing financial or other barriers.

Partner Mary-Anne Sargeant shares more here: https://www.mapartners.co.uk/news/swef-business-grants/

Making Tax Digital is a government initiative designed to improve accuracy and encourage more timely digital record-keeping. It now applies to both VAT and Income Tax.

Under Making Tax Digital for Income Tax (MTD for IT), self-employed individuals and landlords are required to keep digital records of their income and expenses and submit quarterly updates to HMRC using compatible software.

Visit our MTD for IT page to find out more, including important deadlines, practical steps, software solutions, and helpful materials including our podcast.

https://www.mapartners.co.uk/making-tax-digital-income-tax/

🎉 We’re excited to share that we’ve launched a brand new resources page on our website

You can now easily access all of our resources in one place, including our podcast and service factsheets - making it simpler than ever to find the information you’re looking for.

We’re really pleased with how this has turned out and hope you find it useful.

We’d love to hear your thoughts - take a look and let us know what you think 👇

https://www.mapartners.co.uk/resources/

🐣 Easter Opening Hours 🐣

Our offices will close for Easter at the end of the day on Thursday 2nd April, reopening on Tuesday 7th April.

Breckland Council has announced a new £100,000 funding initiative aimed at supporting projects that enhance towns across the district and respond to local community needs.

The scheme, known as Pride in Breckland, was approved as part of the Council’s February budget and will see funding distributed to five town councils: Dereham, Swaffham, Watton, Thetford and Attleborough. Each council will allocate its share to projects that benefit their local area.

Partner Mary-Anne Sargeant shares more here: https://www.mapartners.co.uk/news/breckland-grant-scheme/

A new VAT relief will take effect from 1 April 2026, allowing goods donated to a registered charity – subject to certain conditions – to be given without charging or accounting for VAT. This change should make charitable giving and its VAT implications easier to manage, while also encouraging the donation of surplus stock and helping to reduce waste.

This is a welcome relief that removes the long criticised “deemed supply” rules for qualifying donations.

Tax and VAT Consultant Lisa Craggs CTA shares more here: https://www.mapartners.co.uk/blog/vat-relief-business-donations/