Freeman Baker

If you are ever looking for an Accountant drop us a line! We've been based in Somerset now for over 30 years. We specialise in the Licensed Trade.

[Freeman Baker @FreemanBakerLtd]

Crypto tax alerts for investors
Crypto transactions like swaps and spending could trigger capital gains tax. Keep records and check reporting rules to avoid surprises with HMRC. #crypto #tax #HMRC https://t.co/owGkQy1DPc

[Freeman Baker @FreemanBakerLtd]

HMRC tax debt update: Rising recovery and support
HMRC reports £42.8bn of tax debt outstanding amid stronger recovery efforts and tailored support for struggling taxpayers across the UK. Find out what this means. #Tax #HMRC #Finance https://t.co/0XvOuNoXDj

[Freeman Baker @FreemanBakerLtd]

Pension tax traps to watch for
Pension income and lump sums can affect your tax rate unexpectedly. Know how all your earnings combine to avoid surprises at tax time. #Tax #Pensions #Finance https://t.co/wBDaJtJlDm

[Freeman Baker @FreemanBakerLtd]

Child Benefit Tax Payment Option Expands
If you pay the Child Benefit tax charge, you may now switch to PAYE for payment, avoiding self-assessment. Check if you qualify before 2027 deadline. #ChildBenefit #Tax #HMRC https://t.co/67AWE2G8Z9

[Freeman Baker @FreemanBakerLtd]

Education providers may reclaim VAT after court ruling
A Court of Appeal ruling opens the door for some education providers to claim VAT refunds, pending HMRC's Supreme Court appeal decision. #education #VAT #legalnews https://t.co/spptjsQVcC

[Freeman Baker @FreemanBakerLtd]

New Tax Rules for Company Directors
Company directors filing self-assessment need to report details on close companies and dividends from 2025-26. Prepare your info for smooth filing. #taxupdate #directors #HMRC https://t.co/11kUGDkB2J

[Freeman Baker @FreemanBakerLtd]

New customs platform for NI-GB trade
New TSS customs platform goes live 20 Oct 2026 for NI-GB trade. Pre-enrol from 1 Oct to keep moving goods hassle-free. Prepare now or miss out. #Customs #NorthernIreland #Trade https://t.co/2Ea1rxyivD

[Freeman Baker @FreemanBakerLtd]

UK property gains reporting alert
Certain UK property sellers must report gains to HMRC within 60 days or risk penalties. This applies even if you don't usually do a tax return. Stay informed now. #PropertyTax #UKFinance #HMRC https://t.co/4v89TJq0hN

[Freeman Baker @FreemanBakerLtd]

Capital Allowances Restricted for Early Project Costs
Capital allowances on predevelopment costs face restrictions after a Supreme Court ruling. Businesses should review their tax positions carefully now. #tax #capitalallowances #business https://t.co/mUu4Y6Tbpu

[Freeman Baker @FreemanBakerLtd]

HMRC Targets Medical Consultancy Income
HMRC is asking medical consultants to check consultancy income on tax returns within 30 days or risk penalties and compliance checks if errors are found. #tax #HMRC #medical https://t.co/vMr7iDb8vZ

[Freeman Baker @FreemanBakerLtd]

Corporation tax breaks new records
UK corporation tax receipts have topped £100 billion for the first time, signalling a major shift in the nation's fiscal landscape and business contributions. #Tax #Finance #CorporationTax https://t.co/CZO8xHiyPc

[Freeman Baker @FreemanBakerLtd]

New vaping tax takes effect in UK
A new vaping tax charges £2.20 per 10ml in the UK, with mandatory duty stamps rolling out now. Keep an eye on your vape products starting today. #vaping #UKtax #regulation https://t.co/nShfjVeqiE

[Freeman Baker @FreemanBakerLtd]

New on How Corporation Tax Hits Business Sales
Corporation Tax applies when companies sell assets like property or equipment. Knowing what affects your chargeable gain can make all the difference. #TaxNews #Business #Finance https://t.co/bysZQb4Mcm

[Freeman Baker @FreemanBakerLtd]

Voluntary NICs Review Underway
The government is reviewing voluntary National Insurance contributions with new rules for those abroad shaping up. Are your pension plans ready for change? #Pensions #NationalInsurance #UKFinance https://t.co/WXnoBQtpGX

[Freeman Baker @FreemanBakerLtd]

HMRC updates UK tax residence proof process
HMRC updates how you can get UK tax residence certificates or letters to support tax relief claims abroad. Check what you need and how to apply now. #HMRC #TaxUpdate #UKTax https://t.co/rfrSFVMiUZ

[Freeman Baker @FreemanBakerLtd]

HMRC fines hit for late share returns
HMRC has started issuing late penalties for employee share scheme returns, avoid fines by submitting your ERS reports on time every year. Check your deadline now. #HMRC #Tax #Compliance https://t.co/W28LH83rMT

[Freeman Baker @FreemanBakerLtd]

HMRC Releases New List of Tax Defaulters
HMRC publishes fresh deliberate tax defaulters list featuring businesses with multi-million pound penalties and local firms impacted. Keep informed, stay compliant. #tax #HMRC #finance https://t.co/1R2XL5DGKK

[Freeman Baker @FreemanBakerLtd]

HMRC eyes overhaul of share buyback taxes
HMRC proposes key reforms to how distributions and share buybacks are taxed, signalling a major shift in shareholder tax treatment that demands attention. #TaxRules #ShareBuybacks #HMRC https://t.co/kNKixpmXXH

[Freeman Baker @FreemanBakerLtd]

UK Carbon Border Tax Starts 2027
UK importers face a carbon border tax from 2027 on goods like steel and aluminium. Are your records ready for this new trade change? Stay informed now. #CarbonTax #UKTrade #Sustainability https://t.co/boHJpZRmc3

[Freeman Baker @FreemanBakerLtd]

HMRC flags trust tax return errors
HMRC is contacting trustees about potential errors in trust tax returns tied to trust types. Check your returns carefully and respond if contacted. #Trusts #TaxNews #HMRC https://t.co/ePC1PpOlPC