Melville & Co Accountants

24/06/2026

The government has started phasing in its landmark Making
Tax Digital (MTD) initiative, which will see taxpayers move to a
fully digital tax system.

Our factsheet outlines some of the key issues for
individuals including the Personal Tax Account and Simple
Assessment.

https://www.melville18.co.uk/wp-content/uploads/2026/07/Making_Tax_Digital_for_Individuals.pdf

06/08/2025

Looking for trusted advice on running your business?
We have some useful tips and resources to help you on our Website. This is just one of the many information factsheets available.

https://www.melville18.co.uk/wp-content/uploads/2025/06/Accounting_records.pdf

08/07/2025

“Our client is a director and the sole shareholder of a UK company and has engaged us to consider his Inheritance Tax (IHT) position ahead of the forthcoming changes to Business Property Relief (BPR) in April 2026. The client currently has a credit director’s loan account (“the Loan”) owing ...

24/06/2025

James Goffe is just back from completing the epic Morocco 3 Peaks challenge along with 10 others. The first peak Ras topped out at 4085m, then on to the 4089 m Ouanoukrim and the final ascent Toubkal at 4167m. Well done, James!

24/06/2025

16/06/2025

When will you have to register your new business for MTD?

The timetable for mandatory use of Making Tax Digital for Income Tax Self-Assessment (MTD ITSA) by existing businesses is well established. But when must you use MTD ITSA if you start a new business or create a new income stream?

27/03/2025

Spring Statement 2025

Rachel Reeves’ first Spring Statement stood out for not introducing any new tax increases, as she honoured her commitment to limit major fiscal events to once a year.

The Spring Statement confirms no further tax rises, revised economic forecasts, and key spending plans. Explore the key takeaways.

12/03/2025

I have a client who has made a substantial capital loss on a disposal of limited company shares. The company was trading and owned a 50% interest in a trading subsidiary. I understand it was not an EIS company that he subscribed for shares in. Can he use this capital loss against income?

05/03/2025

Our senior director James Goffe and his family have just returned from a well deserved skiing holiday in Bulgaria. Thankfully no broken bones were sustained.

04/03/2025

We have a driving instructor, who is a sole trader looking to purchase a dual control vehicle, that is likely to be used 20% of the time for personal use. What is the tax treatment of dual control vehicles, and will the purchase qualify for 100% annual investment allowance (AIA) or writing down allo...