MA & CO Accountants

How Expats Can Avoid Unnecessary UK Pension Tax With an NT Code | MA & Co Accountants If you're a British expat drawing a UK pension whilst living abroad, you could be paying UK income tax unnecessarily. Many non-residents don't realise they may be entitled to an NT (No Tax) code, which allows them to receive their pension gross without UK tax deductions. This comprehensive guide explains everything you need to know about NT tax codes, eligibility criteria, and how to claim your tax relief legally. What Is an NT Tax Code? An NT tax code stands for 'No Tax' and is a special HMRC tax code designed for individuals who are non-UK residents receiving UK income but who are not liable to pay UK tax on that income. When applied to your pension, it instructs your pension provider to pay you the full gross amount without deducti...

Corporation Tax 2025: Full Expensing & 40% First Year Allowance Explained | MA & Co Accountants Corporation Tax 2025: Full Expensing Maintained & New 40% First Year Allowance Budget 2025 Update | Published 26 November 2025 | Expert Tax Analysis Quick Navigation Budget 2025 Overview Full Expensing Explained New 40% First Year Allowance Who Is Affected? Cashflow Impact Worked Examples Tax Planning Strategies Key Takeaways from Budget 2025 Corporation tax rate remains at 25% – the lowest in the G7 Full Expensing retained – 100% first-year deduction for plant & machinery New 40% First Year Allowance introduced from 1 January 2026 ...

Budget 2025: Welfare Reforms, Youth Guarantee & Ending the Two-Child Limit | MA & Co Accountants Budget 2025: Welfare Reforms, Youth Guarantee & Ending the Two-Child Limit Published: 26 November 2025 | Budget 2025 Analysis | MA & Co Accountants Key Welfare Reforms at a Glance Two-child limit removed from April 2026 – lifting 450,000 children out of poverty £820 million Youth Guarantee – ensuring every 16-24 year old can earn or learn Free apprenticeships for SMEs – 100% government-funded training for under-25s Rape clause abolished – ending a "dehumanising" policy requirement Enhanced disability assessments – 122,000 additional face-to-face Work Capability Assessments Universal Credit Standard Allowance up 6% ...