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The Finance Bill 2025-26 is set to be the longest Finance Act in almost ten years, impacting on almost all areas of tax and posing significant challenges for taxpayers and agents. In this episode, we look at the implications for individuals and businesses, from the reform of inheritance tax to changes to capital allowances.

This episode covers AI and tax work and ISA 600 on group audits, following the release of two pieces of guidance on the topics.

The new 40% first year allowance (FYA) may benefit some businesses, including those in the leasing sector. However, more businesses could lose out because of the cut in the main rate of the writing down allowance (WDA).

HMRC has published guidance for developers on what good use of generative artificial intelligence (AI) looks like in commercial software products that help users to submit tax returns or other information to HMRC.

The House of Lords has urged the government to extend the deadline for paying inheritance tax (IHT) on pensions assets and for estates with qualifying agricultural and business assets from six months to 12 months.