THP Chartered Accountants

19/05/2026

MTD quarterly reporting does not mean four full tax returns a year. Here is what sole traders and landlords need to know.

https://www.thp.co.uk/mtd-quarterly-reporting/

MTD quarterly reporting does not mean four full tax returns a year. Here is what sole traders and landlords need to know.

18/05/2026

A while back now, The Institute for Fiscal Studies released a report on the UK’s tax record since 2010. We look at the key points and what they mean.

https://www.thp.co.uk/ifs-report-on-uk-tax-record/

A while back now, The Institute for Fiscal Studies released a report on the UK's tax record since 2010. We look at the key points.

08/05/2026

Companies House introduced a Register of Overseas Entities in 2022. Foreign owners of property must now register their real identities.

https://www.thp.co.uk/register-of-overseas-interests/

Companies House introduced a Register of Overseas Entities in 2022. Since then Foreign owners of property must register their real identities.

30/04/2026

One of the most common reasons strong Innovate UK applications fail…

Isn’t because the idea isn’t good,

It’s because they’re submitted to the wrong funding call ❌

If it doesn’t match:

- The competition scope
- The Technology Readiness Level (TRL)
- The type of costs being funded

Then chances are it won’t get approved 🤷🏼‍♂️

When applying for grant funding, making sure your project is perfectly aligned with the project scope is extremely important, 

And then having passed that point, making sure your project costs are aligned is just as important 

Because if they aren’t, that’s where we often see funds clawed back, and investment lost

Want to learn more about the financial side of Innovate UK funding? 

Follow us today! ✅

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30/04/2026

Reducing your Corporation Tax bill isn’t about finding loopholes…

It’s about understanding what the rules actually allow ⬇️

We often see businesses focus on one thing:

👉 “What can we claim?”

But the better question is:
👉 “How are we structuring our costs?”

Because the biggest tax savings usually come from:
- Investing in the business (equipment, innovation, growth)
- Structuring spending correctly
- Making sure costs are fully captured and categorised

Not from last-minute adjustments at year-end

For example:

- Buying qualifying assets → reduces taxable profit
- Investing in R&D → unlocks relief
- Claiming all allowable expenses → lowers your overall bill

Simple in theory.

But in practice, things get missed, expenses aren’t recorded correctly, and claims aren’t maximised

Which leads to one outcome:

👉 Paying more tax than necessary

The businesses that manage this well don’t treat tax as an afterthought

They build it into their planning from the start

If you’d like help making sure your structure is working as efficiently as possible, our team is always happy to help 🙌

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27/04/2026

When you sell certain properties, you usually submit your 60 day CGT return online. In some cases, though, you must post your return to HMRC.

https://www.thp.co.uk/60-day-cgt-return/

When you sell certain properties, you usually submit your 60 day CGT return online. In some cases, though, you must post your return to HMRC.

20/04/2026

The two constant things in life are death and taxes. In this blog we look at the importance of keeping your nominations up to date.

https://www.thp.co.uk/death-taxes-and-change-are-your-nominations-up-to-date/

The two constant things in life are death and taxes. In this blog we look at the importance of keeping your nominations up to date.

13/04/2026

Tax changes 2026 bring higher dividend tax, updated allowances and major IHT relief reforms. Find out what the new tax year means for you.

https://www.thp.co.uk/tax-changes-2026/

Tax changes 2026 bring higher dividend tax, updated allowances and major IHT relief reforms. Find out what the new tax year means for you.

31/03/2026

If you improve an asset, you can deduct the cost from CGT. But what improvements are allowed for Capital Gains Tax?

https://www.thp.co.uk/what-improvements-are-allowed-for-capital-gains-tax/

If you improve an asset, you can deduct the cost from CGT. But what improvements are allowed for Capital Gains Tax?

26/03/2026

Inheriting a house can be a blessing – but it’s important you understand what you need to do, and what the tax implications are.

https://www.thp.co.uk/inheriting-a-house/

Inheriting a house can be a blessing - but it's important you understand what you need to do, and what the tax implications are.