The Beyond Compliance Journal
Blog for ambitious
businesses across the UK and internationally.
Practical guides, tax updates, and strategic thinking from the Brookwood team — written for business owners who want to go beyond compliance.
Capital Gains Tax Allowance Explained | Brookwood
The capital gains tax allowance is £3,000 for the 2026/27 tax year. That is the amount of profit you can make from selling chargeable assets before you owe capital gains tax (CGT).
Bookkeeping Vs Accounting: Differences Explained | Brookwood
Bookkeeping records financial transactions. Accounting analyses those records and turns them into advice. That difference matters when you are deciding who to hire, what to outsource, and whether your software can genuinely replace either role.
Self Assessment Deadlines And Penalties | Brookwood
Stay on top of Self Assessment deadlines for 2025/26. Learn key filing dates, penalties, payments on account, and Making Tax Digital requirements.
How To Register As A Sole Trader | Brookwood
Learn how to register as a sole trader with HMRC, including registration steps, deadlines, costs, UTR details, tax obligations, and common FAQs.
HMRC can go back years
A common misconception is that, after a certain amount of time, HMRC can no longer chase unpaid tax. The reality is that HMRC can chase up unpaid tax for as long as they like. But how far back in time can they investigate?
Nothing to worry about?
HMRC enquiries can be expensive, even if nothing is wrong.
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The Knowledge Hub contains automatically generated content on tax, accounting, and business finance topics — a growing library of resources for Oxfordshire business owners.
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