Posted in Accounting, Bookkeeping, VAT
April 23rd, 2026
VAT is not undergoing major rate changes, but the direction of travel is clear: greater digitisation and tighter compliance. Making Tax Digital for VAT is already well established, and HMRC…
Posted in Accounting, Bookkeeping, Tax
March 26th, 2026
HMRC is moving firmly toward a behaviour-based compliance system, particularly with the rollout of Making Tax Digital. The key feature is the points-based penalty regime, where repeated late submissions lead…
Posted in Accounting, Bookkeeping, Tax
February 23rd, 2026
Corporate tax rates are now largely settled, with the main rate at 25% and small profits rate at 19%. However, the focus has shifted from rate changes to profit extraction…
Posted in Accounting, Tax
April 7th, 2025
Changes to Capital Gains Tax (CGT) are set to impact business owners and investors, particularly those planning to sell assets. The CGT rate for Business Asset Disposal Relief (previously Entrepreneurs’ Relief) will…
Posted in Accounting, PAYE, Payroll, Tax
March 28th, 2025
For employers and employees, one of the most notable changes in 2025/26 is the increase in Employers’ National Insurance Contributions (NICs), which will rise from 13.8% to 15%. This change means…
Posted in Accounting, Bookkeeping, Tax
March 7th, 2025
For companies operating in the UK, corporation tax payments are due nine months and one day after the end of the company’s accounting period. This means if a company’s financial…
Posted in Accounting, Tax
February 7th, 2025
From April 2025, most double cab pick-ups will be treated as cars, not vans, for direct tax purposes, potentially meaning increased tax bills for employers, employees and businesses. Currently, HMRC…
Posted in Accounting, Tax
March 16th, 2023
There was good news in the Budget for those saving in a personal pension. The current pension lifetime allowance (LTA) charge is being abolished from 6 April 2023. The LTA…
Posted in Accounting, Tax
March 16th, 2023
Energy Costs The Energy Price Guarantee (EPG) brings a typical household energy bill in Great Britain down to around £2,500 per year. It has now been announced that the £2,500 EPG will…
Posted in Accounting, COVID-19, Tax
February 10th, 2023
After two years, the corporation tax super deduction will no longer be available for expenditure on or after 1 April 2023. Transitional rules will apply in respect of expenditure for…
