Jermyn & Co.

21/07/2026

Andy Burnham is now UK Prime Minister. Jermyn & Co explains what his tax plans, cabinet reshuffle and cost-of-living pledges could mean for your finances.

Reading time: 7 mins On 20 July 2026, Andy Burnham was confirmed as the United Kingdom’s new Prime Minister, succeeding Keir Starmer and becoming the country’s seventh premier in a decade. For households and business owners alike, a change of leadership of this scale inevitably raises the same q...

14/07/2026

From April 2027, unused pension funds become subject to UK inheritance tax. Here's what high-net-worth families need to know — and do — before the rules change. Book a free consultation with Jermyn & Co.
Read the full guide on our website by clicking the link below.

Reading time: 5 mins For years, a pension was one of the smartest ways to pass wealth to your family. Left untouched, it sat outside your estate — free from inheritance tax (IHT) entirely. Advisers routinely recommended spending other assets first and preserving pensions for exactly this reason. T...

13/07/2026

Need an accountant urgently but not sure a bigger firm can offer that personal touch? Jermyn & Co can help — no jargon, no pressure, just a clear plan tailored to you. Building trust with our clients is why we do what we do.

07/07/2026

HMRC has unveiled further details of its long-term digital transformation programme, marking a significant shift in how tax compliance will be managed in the UK.

The plans include greater use of AI and data analytics, increased data sharing, expanded digital services, and more compliance officers. Together, these changes will enable HMRC to carry out more targeted, data-driven compliance checks.

For businesses, the message is clear: accurate record-keeping and strong accounting processes are becoming more important than ever. As HMRC's access to digital data grows, maintaining timely and reliable financial records will be key to staying compliant.

Read the full guide and find out how does this matter to you and your business.

Reading time: 5 mins If you run a business in the UK, an HMRC enquiry probably sits somewhere on your list of quiet worries. Here’s the uncomfortable truth: that worry is more justified in 2026 than it’s ever been. HMRC has just set out an ambitious modernisation programme that puts more data, m...

04/07/2026

Looks like our raffle prize has found a great new home! 🎉 Congratulations to these two lucky winners. Jermyn & Co were proud to support the local school event and be part of such a fantastic community day.

30/06/2026

Making Tax Digital: your first deadline is 7 August.
If you're a sole trader or landlord with income over £50,000, MTD for Income Tax is now in effect. Your first quarterly update, covering 6 April to 5 July, is due by 7 August 2026.
There's no penalty this year if you miss it, but you'll still need to file all four quarters before your Final Declaration is due. Getting ahead of it now saves a scramble later.
Not sure if this applies to you, or haven't set up your software yet? Get in touch, we're helping clients get ready right now.

23/06/2026

Keir Starmer resigned yesterday — the UK's 6th Prime Minister in 7 years.
With Andy Burnham expected to take over in July, the tax landscape is shifting. Capital Gains Tax reform, Inheritance Tax overhaul, business rates relief for high streets — and an autumn Budget on the horizon.
We've broken down what this means for business owners, investors and taxpayers right now.
Read our full analysis on our website through the link below.

Reading time: 3 minutes On 22 June 2026, Keir Starmer announced his resignation as Prime Minister outside 10 Downing Street — becoming the sixth Prime Minister to step down in seven years. With Andy Burnham, former Mayor of Greater Manchester, expected to take the reins in July, the question on ev...

16/06/2026

Is your office World Cup party tax-deductible? or are you about to score an own goal with HMRC?
With tournament fever kicking off, it’s tempting to put the pizza and beers on the company card. But before you do, you need to know how the taxman views the bill.

Employee entertainment is a fully allowable business expense, but without the right structure, your casual match screening could leave your staff facing an unexpected personal tax bill.
Here is how to keep it 100% tax-free:

1. The Annual Function Exemption (£150/head): Rebranding your annual summer bash as a World Cup celebration works perfectly—as long as it’s open to all staff and stays under £150 per person (including VAT). Drop over by even a penny, and the entire amount becomes taxable.

2. The Trivial Benefits Rule (£50/head): Just want a spontaneous afternoon viewing with pizza? If it costs under £50 per employee, isn't a reward for performance, and isn't cash, it's completely tax-free for them and deductible for you.

3. The Danger Zone: If you host a lavish one-off party that doesn't fit these rules, you’ll need a PAYE Settlement Agreement (PSA) to pay the tax on your employees' behalf.

Don't let a celebration turn into a compliance headache. Read the full guide on our website linked in the comment below.

11/06/2026

# testimonialoftheweek

10/06/2026

Salary, Dividends or Pensions? What’s the smarter approach to corporate profit extraction? Read the full guide from link in the comment below.