HMRC has announced a transformative plan to integrate voice recognition technology into its customer service framework. This approach seeks to streamline security checks and improve the overall customer service experience for ...

Credibility is the cornerstone of any successful business operation and helps to improve growth. One pivotal document that aids in establishing credibility is the Certificate of Good Standing from Companies House ... ...

The thought of an HMRC tax investigation can stir up feelings of anxiety and uncertainty within any business owner. However, understanding how to prepare for an HMRC tax investigation can significantly reduce these fears ... ...

If you’re a sole director running a limited company, you’ve probably heard that you can’t claim Employment Allowance (EA), and in most cases, that’s true. HMRC’s rules say that companies where the only person on the payroll i ...

Uncertainty is an ever-present challenge for business owners that can dictate the course of strategic decision-making. As tariffs rise and supply chains are disrupted, many now find themselves in a precarious situation ... ...

As we mark the 10th anniversary of Making Tax Digital (MTD), it is an opportune moment to reflect on its progression, the transformative changes it promises for the tax landscape, and the obstacles that lie ahead ... ...

Inflation acts as a barometer for measuring the rising cost of living and the Office for National Statistics (ONS) recently made some interesting changes to the basket of goods they use for calculating inflation ... ...

The government has revealed significant changes to the tax system. One of the most noteworthy announcements is the increase in the income tax self-assessment (ITSA) reporting threshold from £1,000 to £3,000 ... ...

The Economic Crime and Corporate Transparency Act (ECCTA) introduces transformative changes to corporate law in the UK, targeting the prevention of economic crime through increased transparency and accountability ... ...

Businesses are encouraged to understand the significant changes in HMRC's approach to late tax payments. The interest rate charged by HMRC for late tax payments, specifically for most taxes and duties have risen from 7% to 8. ...

The UK's economic landscape is intricately woven with threads of global trade, innovation, and growth. Recently, however, a new threat has emerged: the blanket tariffs announced by President Trump ... ...

As we step into a new financial year, tax changes are rolling in - some subtle, some significant, but all requiring attention. Whether you’re an employer, landlord, sole trader, or investor, these updates will impact your tax ...

The Chancellor’s Spring Statement this year wasn’t the grand reveal of sweeping reforms or dramatic U-turns. It was something far more familiar to anyone in finance: a calculated manoeuvre along a fiscal knife edge ... ...

Chancellor Rachel Reeves has set out her plans for our country's economic future during the Spring Statement 2025. With stagnant growth, a massive public sector bill and a belligerent Russia, what did she announce, and did sh ...

Buyers of residential properties in the UK have been advised to brace themselves for significant increases in Stamp Duty Land Tax (SDLT) liabilities. This change is set to take effect from the 1st of April 2025 ... ...

The Autumn Budget 2024 was a significant moment for drivers of double-cab pickups (DCPUs). With HMRC recently releasing new guidance, a transformation in how these vehicles are classified for tax purposes is on the horizon .. ...

As a taxpayer, changes in regulations can often seem daunting, especially with new tax return requirements for sole traders and directors of close companies coming into effect for the 2025/26 tax year ... ...

When you look at the state of global trade, it’s impossible to ignore the influence of Trump's policies. His administration's assertion to put 'America first' has led to a series of tariff impositions that are shaking up econ ...

With HMRC set to introduce mandatory reporting of Payrolling Benefits in Kind (PBIK) by April 2026, employers are urged to prepare in advance to ensure a smooth transition. Understanding the intricacies involved in this shift ...

The Economic Crime and Corporate Transparency Act (ECCTA) is bringing the biggest shake-up to Companies House since it was first established in 1844. If you’re a company director, a person with significant control (PSC), or s ...

As a business owner, you might be feeling the winds of change as the Government's recycling reforms take shape. Aimed at streamlining waste management and promoting a more sustainable future, these reforms affect every workpl ...

The UK's tax year draws to a close on the 5th of April, so individuals and families must focus on taking strategic actions to optimise their financial affairs. This critical period compels taxpayers to evaluate their income, ...

Understanding the intricacies of company size thresholds is essential for businesses navigating corporate compliance. The recent announcement regarding the amendment of size thresholds heralds a significant transformation in ...

Navigating the intricate landscape of taxation is a daunting challenge businesses face annually. With a collective cost exceeding £15 billion per year, this staggering figure embodies the burden that companies bear while stri ...

Since the general election, the conversation surrounding economic growth in the UK has taken centre stage, yet it is fraught with contradictions that raise eyebrows ... ...

As a property owner, it's essential to stay informed about your tax obligations, particularly concerning taxable income from lettings and gains from property sales ... ...

As you prepare for the upcoming legislative changes, it's crucial to grasp the implications of the revised National Living Wage (NLW) and National Minimum Wage (NMW) rates that will come into effect on the 1st of April 2025 . ...

As the Spring Statement approaches, many are left wondering if the Chancellor will u-turn this spring? The pressure is mounting on Reeves following a tumultuous Autumn Budget that left both businesses and economists scratchin ...

As the government prepares for the anticipated compliance activity from HMRC in 2025, taxpayers must stay vigilant and aware of how these initiatives could affect their obligations ... ...

If you import from the European Union, you'll need to be aware that significant changes are coming into effect on the 31st of January 2025. So what's the current situation, and what's going to change? ...

As the deadline for tax returns approaches, HMRC cannot help but share the absurdity of some taxpayers' reasoning behind late submissions ... ...

As you work, it's not uncommon to incur expenses. Whether that's for travel, tools, or work clothing, these costs can add up quickly. Fortunately, tax relief for such employment expenses often provides a financial cushion ... ...