Freeman Baker Accountants

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Freeman Baker Accountants Chartered Certified Accountants and Business Advisors 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 with clients all over the south west and beyond. We also deal with all types of other businesses, whether you are a sole trader, partnership or a limited company, we are always looking for new work.

Alert: From April 2027, savings and property income tax rates are set to rise significantly, changing the way many UK ta...
04/11/2026

Alert: From April 2027, savings and property income tax rates are set to rise significantly, changing the way many UK taxpayers will plan their finances. The personal allowance stays put, but key rates will climb. Curious how this might affect you? Find out why these changes matter now.

The Autumn Budget 2026 saw no changes to the Income Tax thresholds. From next April, the personal allowance will remain at £12,570, while the basic rate limit remains £37,700 and the higher rate threshold remains £50,270 in England, Wales and Northern Ireland. These thresholds remain frozen under...

Alert for contractors: HMRC is spotting repeat filing slip-ups in Construction Industry Scheme returns. Are your CIS ded...
04/11/2026

Alert for contractors: HMRC is spotting repeat filing slip-ups in Construction Industry Scheme returns. Are your CIS deductions and figures spot on? Find out why double-checking matters and avoid complications.

The Construction Industry Scheme (CIS) sets out how contractors deduct tax from payments to subcontractors working in construction. Contractors must submit monthly returns to HMRC detailing payments made and deductions taken.

Big news for small traders! The tax-free Trading Allowance is set to triple to £3,000 soon, easing your tax worries and ...
03/11/2026

Big news for small traders! The tax-free Trading Allowance is set to triple to £3,000 soon, easing your tax worries and paperwork. Find out why this matters for anyone earning from selling or services, and what it might mean for your next big idea. Read on to see if you qualify!

It was announced as part of the Autumn Budget measures that the Trading Allowance will increase from £1,000 to £3,000 from 6 April 2027. The increase will help people earning small amounts from trading or other miscellaneous activities, while reducing the administrative burden of reporting this in...

Alert: Minimum wage rates are set to rise from April 2027. Expect changes in pay for workers of different age groups, in...
03/11/2026

Alert: Minimum wage rates are set to rise from April 2027. Expect changes in pay for workers of different age groups, including apprentices. Find out why these small steps matter for workers and employers alike.

The Chancellor of the Exchequer, John Healey, announced increases to the National Living Wage (NLW) and National Minimum Wage (NMW) rates, confirming that the Government has accepted in full the recommendations of the Low Pay Commission (LPC) for increases from 1 April 2027.

Inheritance Tax rules for pensions are shifting from April 2027. If you have pension savings, it's essential to check yo...
03/11/2026

Inheritance Tax rules for pensions are shifting from April 2027. If you have pension savings, it's essential to check your estate plans now. Personal reps and beneficiaries will face new responsibilities around reporting and paying tax. Don't get caught out. Find out why this matters and how to prepare.

From 6 April 2027, most unused pension funds and pension death benefits will be included in the value of a deceased person’s estate for Inheritance Tax (IHT) purposes. The changes, legislated for in the Finance Act 2026, represent a significant change to the tax treatment of pensions on death.

Fuel duty cuts extended and mileage rates increased to ease the pinch for drivers and commuters. Plus, cheaper electric ...
02/11/2026

Fuel duty cuts extended and mileage rates increased to ease the pinch for drivers and commuters. Plus, cheaper electric vehicle charging is on the way. Ready to save? Find out why this matters now.

The Autumn Budget 2026 announced several measures aimed at helping drivers with the cost of fuel, business travel and electric vehicle charging. These include extending the temporary fuel duty cut, making tax-free mileage rates more generous and reducing the cost of using some public electric vehicl...

Alert for online marketplace operators: HMRC now levies steep penalties for late, inaccurate or missing tax reports. Sta...
02/11/2026

Alert for online marketplace operators: HMRC now levies steep penalties for late, inaccurate or missing tax reports. Stay compliant or face serious fines. Find out why this matters to you and your platform.

HMRC has published new guidance explaining the penalties that digital platform operators may face for failing to meet their tax reporting obligations. The guidance, published on 16 October 2026, clarifies how the existing rules for digital platform operators apply.

HMRC has started sending letters to key company shareholders reminding them to check their 2025-26 tax returns carefully...
02/11/2026

HMRC has started sending letters to key company shareholders reminding them to check their 2025-26 tax returns carefully. If you've received one, find out what steps you might need to take and why it matters for your personal tax responsibilities. Read on to make sure you're covered before the deadline.

HMRC is in the process of writing to some individuals defined as a ‘Person of significant control’ (PSC) to raise awareness of potential tax liabilities and to help ensure their self-assessment tax returns are completed correctly for 2025-26.

New rules are changing how plastic packaging tax works from April 2027. Businesses will face fresh requirements on recyc...
30/10/2026

New rules are changing how plastic packaging tax works from April 2027. Businesses will face fresh requirements on recycled plastic, including chemical recycling and record-keeping. What does this mean for packaging and your products? Find out why it matters now.

New rules for Plastic Packaging Tax (PPT) will take effect from 1 April 2027, changing how businesses account for chemically recycled plastic and removing pre-consumer plastic waste as an eligible source of recycled content.

Big news for SMEs eyeing R&D tax relief! You can now get advance assurance on tricky parts of your claim before you subm...
29/10/2026

Big news for SMEs eyeing R&D tax relief! You can now get advance assurance on tricky parts of your claim before you submit it. Curious how this could smooth your claim process? Read on to discover which new options might fit your business needs.

HMRC offers small and medium-sized enterprises (SMEs) two voluntary advance assurance services to help provide greater certainty about Research and Development (R&D) tax relief claims before they are submitted. You can choose either a new targeted advance assurance service (also known as the advance...

Address

Office 41, Yeovil Innovation Centre, Barracks Close, Copse Road
Yeovil
BA228RN

Opening Hours

Monday 9am - 5:30pm
Tuesday 9am - 5:30pm
Wednesday 9am - 5:30pm
Thursday 9am - 5:30pm
Friday 9am - 5:30pm

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