Magali Lovell-Pascal

It’s nothing unusual for many business owners to worry over #tax and #Bookkeeping ..do you? @MagsBookkeeping are here to put your mind at ease! Mags Bookkeeping and Office Management Solutions based in #Ruthin began in 2009 with founder Magali Lovell-Pascal.

UK property penalty rules updated From October 2026, late filing penalties for UK property disposals stop once reported on your self-assessment tax return. Know your filing rules now. #TaxUpdate #PropertyTax #UKFinance tinyurl.com/3pu9yevb

Inheritance Tax Relief Caps for Farms Inheritance Tax relief for farms and business property now caps full relief at £2.5M per person, affecting how estates pass assets tax-efficiently. #InheritanceTax #Farming #TaxUpdate tinyurl.com/2mdpdz4z

Upcoming VAT Shift for Online Marketplaces From October 2027, online marketplaces must collect VAT on UK business sales meeting new thresholds. Are you ready for this big change? #VAT #Ecommerce #Business tinyurl.com/2rnvkffv

VAT overhaul coming for private hire ops New VAT rules mean private hire operators over a threshold will pay VAT on full fares, changing how large firms handle taxation from 2028 onwards. #PrivateHire #VAT #Transport tinyurl.com/yh9e4hpv

Tax relief overhaul for business assets From 2027, businesses can claim 50% tax relief on new plant and machinery upfront, but annual allowances will slow down from April 2027. #TaxRelief #BusinessTax #Finance tinyurl.com/3rwfujfx

Updated tax guidance for employer counselling New guidance explains when employer-provided counselling is tax-free, including mental health and menopause support. Employers should check their benefit sc... #workplacehealth #employeebenefits #taxupdate tinyurl.com/yysfkpc8

New CGT Reliefs Announced for Entrepreneurs New Capital Gains Tax relief limits and a Founders' Relief launch will reshape returns for business owners and investors from April 2027. #CGT #Entrepreneurs #Business tinyurl.com/usrjh2s8

HMRC alerts on travel claim mistakes HMRC warns secondees about common mistakes in travel and accommodation claims on self-assessment. Check your 2025-26 tax return carefully now. #TaxRelief #HMRC #WorkTravel tinyurl.com/3nubrw78

Tax Rates on Savings and Property Income Set to Rise From April 2027, savings and property income tax rates rise sharply. Personal allowance stays the same while dividend rates remain unchanged. Stay prepared. #TaxUpdate #Budget2026 #Finance tinyurl.com/ft8m53t3

HMRC flags common CIS filing errors HMRC warns contractors of frequent Construction Industry Scheme errors — check CIS deduction rates and material listings carefully before filing or amending returns. #CIS #HMRC #Construction tinyurl.com/355f5b83

Trading Allowance Set to Triple in 2027 The Trading Allowance rises from £1,000 to £3,000 from April 2027, meaning less tax hassle and potentially lower bills for many small traders across the UK. #Tax #Budget2026 #Trading tinyurl.com/3kzmjk36

Minimum Wage Rates Rise in 2027 Minimum wage rates rise from April 2027: over-21s get 50p more hourly, younger workers see increases while youth recruitment concerns hold bigger jumps back. #MinimumWage #LivingWage #UKJobs tinyurl.com/49mp6vtf

Pensions Added to Inheritance Tax from 2027 Pensions will count towards Inheritance Tax from April 2027. Personal reps and beneficiaries share responsibility. Review your estate plans now to prepare. #InheritanceTax #Pensions #EstatePlanning tinyurl.com/3rt7c5jb

Fuel Duty Cut Extended to Help Drivers Fuel duty cut extended till mid-2027 with better mileage rates and cheaper public EV charging to ease costs for drivers and commuters alike. #FuelDuty #EVCharging #Transport tinyurl.com/3vdm2ffp

HMRC Enforces Fines on Marketplaces HMRC clamps down on online marketplace operators with fines for late, missing, or incorrect tax reports starting October 2026. Compliance is now essential. #TaxLaw #HMRC #Ecommerce tinyurl.com/329rym6t

HMRC targets major company shareholders on tax returns HMRC warns major company shareholders to check their 2025-26 self-assessment returns carefully to avoid potential tax issues by the 31 January 2027 deadline. #HMRC #TaxUpdate #CompanyShares tinyurl.com/mpxcuj5p

Plastic Packaging Tax updates ahead Plastic Packaging Tax rules from April 2027 add new ways to track recycled plastic use and tighter record-keeping. This will impact manufacturers and importers directly. #PlasticTax #Recycling #Sustainability tinyurl.com/2s45facf

New Advance Assurance Paths for SME R&D Claims SMEs get new options to secure advance assurance on R&D tax claims, targeting complex or first-time submissions with tailored support from HMRC now. #RandD #TaxRelief #SMEs tinyurl.com/huauv3us

HMRC Speeds Up NI Refunds HMRC is speeding up National Insurance refunds. If you get a letter, check the details carefully and respond to claim what's yours. Stay alert to scams. #HMRC #NationalInsurance #TaxNews tinyurl.com/8mbbe6ez

Real-Time Payroll Reporting Starts 2027 Employers must report certain benefits in real time from April 2027. Changes impact company cars, medical benefits, and more. Prepare payroll now. #Payroll #Tax #Business tinyurl.com/48tfksum