Whitefield Tax - Isle of Wight Accountants

07/10/2026

Employee ownership trusts as an exit option

We are sharing this update from ACCA, our professional body, for the interest of clients and contacts. The content is (c) ACCA Despite dipping in popularity, EOTs remain a viable option for some Employee ownership trusts (EOTs) have dipped in popularity since the government reduced the associated ta...

30/09/2026

Inheritance tax, pension pots and deprivation of assets

We are sharing this update from ACCA, our professional body, for the interest of clients and contacts. The content is (c) ACCA How to have a conversation around deprivation of assets The overhaul of pension tax will see unused defined contribution pension pots become subject to inheritance tax (IHT)...

25/09/2026

Companies House changes

We are sharing this update from ACCA, our professional body, for the interest of clients and contacts. The content is (c) ACCA Three important updates from Companies House Getting help with identity verification Some customers are contacting Companies House to get help with completing identity verif...

23/09/2026

MTD for ITSA exemptions

We are sharing this update from ACCA, our professional body, for the interest of clients and contacts. The content is (c) ACCA HMRC is now inviting applications ahead of the April 2027 tax year In August, HMRC officially opened the Making Tax Digital (MTD) exemption application window for taxpayers....

18/09/2026

Directors Self Assessment – Important Changes 2025-26

The Self Assessment dataset for 2025-26 sees important changes in the information company directors need to enter onto their Self Assessments. We recently shared a brief from ACCA on this – Close company directors’ tax returns We also included information on our June news email to clients: “Th...

31/08/2026

Billy founded the business in 2016 and has remained at its helm throughout the past decade, building up a customer base on the Isle of Wight and beyond.

25/08/2026

Late Payments Bill

We are sharing this update from ACCA, our professional body, for the interest of clients and contacts. The content is (c) ACCA What does it mean for small businesses? The Commercial Payments (Late Payments) Bill was announced in the King’s Speech on 13 May 2026 and is on its journey through the Ho...

20/08/2026

Winter payment recovery and opt out

We are sharing this update from ACCA, our professional body, for the interest of clients and contacts. The content is (c) ACCA Check if you need to include it on the tax return HMRC is recovering 2025 Winter Fuel Payments, and Pension Age Winter Heating Payments in Scotland, from taxpayers with tota...

18/08/2026

Landmark guidance on salaried member rules

We are sharing this update from ACCA, our professional body, for the interest of clients and contacts. The content is (c) ACCA Supreme Court delivers its judgment in HMRC v BlueCrest LLP The Supreme Court has delivered its long-awaited judgement in HMRC v BlueCrest LLP, providing the first definitiv...

13/08/2026

The latest Companies House updates

We are sharing this update from ACCA, our professional body, for the interest of clients and contacts. The content is (c) ACCA A bumper round-up of news from Companies House Business Plan 2026/27 Economic growth continues to be core to Companies House. By giving entrepreneurs limited liability, Comp...