Budget 2025 2025 Budget Following the Budget announcement today, please see the following key takeaways: Business implications Capital allowances – writing down allowance main rate is being reduced. This was previously at 18% however we are awaiting confirmation of level & timing of the decrease. Business rates – From April [...]

Making Tax Digital for Income Tax   HMRC is moving forward with its digital transformation of the UK tax system. Here’s what you need to know about the latest developments in Making Tax Digital (MTD) for Income Tax Self Assessment (ITSA). Key Dates & Thresholds From April 2026: MTD will be mandatory for [...]

You may have received an email from Companies House requesting that all Directors and Persons with Significant Control (PSCs) verify their identity. This is an important legal change that will affect all UK companies. Currently, identity verification for UK companies is voluntary, however, this will become mandatory from 18 November 2025 during a 12-month [...]

As the 2024–2025 tax year draws to a close, HMRC has introduced significant changes affecting how sole traders report personal expenditure in their Self-Assessment tax returns. These updates are part of a broader campaign to improve compliance and ensure that only legitimate business expenses are claimed. HMRC is intensifying its scrutiny of personal expenses [...]

Key Tax Changes Effective April 2025 As we step into the new financial year, several significant tax changes are set to take effect in the UK from April 2025. These changes, announced in previous budgets and statements, will impact both individuals and businesses. Here’s a comprehensive overview of the key [...]

Tax Tips Ahead of the New Tax Year   Approaching the end of the tax year, most business owners are looking for ways to bring their tax bill down. Here are our Top 5 Tax Tips for 2025: Maximise your pension contributions Companies can make employer pension contributions on behalf [...]

April 2025 will bring significant changes to both employer national insurance contributions (NICs) and minimum wage rates in the UK. These changes are part of the government's efforts to address economic challenges and support workers' living standards. Employer National Insurance Contributions Starting from April 6, 2025, the employer NICs rate will increase from 13.8% [...]

New Tax Rules for Double Cab Pick-Ups in 2025 With all of the revelations from the Autumn Budget, one major detail that slipped under the radar was that from 6th April 2025, double cab pick-up trucks will be treated as cars for the purposes of capital allowances, benefits in kind [...]

Budget 2024 - £40 billion in additional taxes The chancellor, Rachel Reeves, has delivered the first labour budget in 14 years. The Government had already set the scene that they had inherited broken public finances and broken public services, so we knew tax increases were coming. The Chancellor started her [...]

2024 General Election Impact On Businesses The recent general election has ushered in significant changes to the UK's financial landscape. The new Chancellor, Rachel Reeves, has announced that the Autumn Budget will take place on Wednesday 30 October 2024. Labour have suggested they will have to raise taxes in a [...]