Blog
Are rising tax arrears putting your business at risk?
May 29, 2025
Businesses in the UK are facing increasing financial strain, with new data from HM Revenue & Customs (HMRC) showing that tax arrears have hit £28 billion per month on average across the first quarter of 2025. Unpaid Corporation Tax, VAT and ...
READ MORE
HMRC or a scam – can you trust the letters you receive?
May 27, 2025
There are always going to be bad actors looking to scam reputable businesses out of money and data. The new changes to Companies House and the heightened scrutiny that HM Revenue and Customs (HMRC) are placing on businesses have created a ...
READ MORE
The countdown to Making Tax Digital for Income Tax – Who is affected first?
May 22, 2025
With less than a year to go before Making Tax Digital for Income Tax (MTD for IT) becomes mandatory for sole traders and landlords earning over £50,000, it is important to start preparing. From April 2026, these taxpayers will need to ...
READ MORE
Investors’ Relief under pressure – Why HMRC is tightening its approach
May 20, 2025
HM Revenue & Customs (HMRC) is writing to taxpayers who claimed Investors’ Relief on their 2023/24 Income Tax Self-Assessment returns but may not meet the strict eligibility criteria. These letters signal increased enforcement around a lesser-used Capital Gains Tax (CGT) relief ...
READ MORE
Are we underestimating the real impact of workplace pressure?
May 15, 2025
This week is Mental Health Awareness Week, and an important opportunity to reflect on how we manage wellbeing in the workplace. If you are leading a team or business, it can feel like your task list never ends, but one fact ...
READ MORE
The Bank’s latest rate cut is here, what now for your business?
May 13, 2025
The Bank of England (BOE) has cut the base interest rate to 4.25 per cent, down from 4.5 per cent. It is the fourth cut in the past 12 months, and Governor Andrew Bailey has hinted there could be more to ...
READ MORE
Company car VAT – Avoiding mistakes when applying the fuel scale charge
May 08, 2025
From 1 May 2025, HM Revenue & Customs (HMRC) reduced its road fuel scale charges, reflecting a drop in fuel prices. Businesses using company cars will see a cut of nearly six per cent across most bands, with new rates applying ...
READ MORE
How to claim a Self-Assessment tax refund during the HMRC phone line pause
May 06, 2025
HM Revenue & Customs (HMRC) has recently temporarily suspended telephone and webchat services for Self-Assessment repayment requests. This change is a response to a rise in suspected fraudulent activity targeting its systems. While it may cause inconvenience, there are still reliable ways ...
READ MORE
What is the Worldwide Disclosure Facility and when should you use it?
May 01, 2025
If you have undeclared income or assets held overseas, you may owe tax in the UK. The Worldwide Disclosure Facility (WDF) offers a way to correct your tax affairs where foreign income or gains should have been reported but were not. HMRC ...
READ MORE
Right to work checks – Financial risks and compliance steps for business owners
Apr 29, 2025
Right to work checks form an important part of business risk management, particularly now that the Government has increased the financial penalties for non-compliance. From 2024, employers who fail to carry out correct checks face fines of up to £45,000 per ...
READ MORE
© Walker Begley 2024. All rights reserved. Regulated for a range of investment business activities by the Institute of Chartered Accountants in England and Wales. Registered in England and Wales no. 5280582
- Privacy
- Terms & Conditions
- VAT number: 107 1775 25
- The information required by the ‘Provision of Services Regulations’ is on display at our office.