Tax
Over 100,000 jobs lost – The cost of rising National Insurance on employers
Jun 12, 2025
The release of the latest employment data should serve as a wake-up call for business owners. Over 100,000 jobs were lost in May, the worst figure in four years, with hospitality, tech and retail bearing the brunt. One of the biggest factors ...
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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 ...
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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 ...
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Important updates to Making Tax Digital and late payment rates you might have missed in the Spring Statement
Mar 27, 2025
This week’s Spring Statement brought two announcements that will matter to anyone running their own business or earning income from property. Firstly, there will be tougher penalties for late tax payments under Making Tax Digital (MTD). Secondly, the MTD scheme itself is ...
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What does the abolition of the FHL tax regime mean for your BADR eligibility?
Dec 13, 2024
With the planned abolition of the Furnished Holiday Let (FHL) tax regime in April 2025, owners of FHL properties are facing changes to how their properties are taxed. So, what are these changes and what will the implications be for claiming ...
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Autumn Budget 2024
Oct 30, 2024
A new Government, a new Chancellor and a new approach to the UK’s fiscal policies. Rachel Reeves entered her first Budget with a strong message that her measures would lead to “an economy that is growing, creating wealth and opportunity for ...
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Potential tax increases and their impact on businesses
Jul 10, 2024
In recent reports, former Prime Minister Sir Tony Blair has forecasted potential tax increases that could have an impact on businesses across the UK. The Tony Blair Institute's chief economist predicts taxes may need to rise by 1.9 percentage points of ...
READ MOREWill Labour’s agenda in the King’s Speech signal major tax changes for businesses in 2025?
Jul 09, 2024
Will Labour's agenda in the King's Speech signal major tax changes for businesses in 2025? As the opening of Parliament approaches on 17 July, businesses across the country are bracing for the King's Speech, which is expected to outline the Labour ...
READ MOREThinking of investing in electric cars for your business? – Here’s what you need to know
Jun 19, 2024
The number of electric cars on our roads is rising rapidly. In 2023 alone, the number of new electric vehicles rose by 18 per cent and there are now some, 1.1 million fully electric cars on UK roads, according to ...
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Streamlining your payroll set-up with employment and tax records
May 21, 2024
When your business takes on a new employee, we know that you’re eager to get them settled into their role – but not before you’ve completed the right checks and set them up in your payroll system! If you ask for ...
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