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The Autumn Budget, delivered last 26th November 2025, introduced changes to how businesses can claim tax relief on equipment and machinery. Some of these changes have recently been implemented. These changes do not remove Capital Allowances, but they do affect […]
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The 2025 Autumn Budget, delivered on 26th November 2025, brought with it new pressures for small and medium-sized enterprises. Several changes, especially around taxation, pension rules and allowances, have a direct impact on the average UK business. The Budget […]
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The UK tax landscape for commercial vehicles changed significantly in April 2025, particularly affecting the classification of double cab pick-ups/combi vans and the tax reliefs they attract. Historically, double cab pick-ups used in a business context benefited from the tax […]
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Within her Autumn 2024 budget statement, Chancellor Rachel Reeves announced that the rates associated with Business Asset Disposal Relief (BADR) would be increasing. Part of a broader strategy to increase tax revenues, the rates will be increased to 18% over […]
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While owning a second home can be seen as an attainable aspiration and something to work towards, recent and upcoming changes in law mean that many landlords and multiple homeowners are seeing increased financial challenges, causing them to reassess their […]
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With a new government, led by a new Prime Minister, Britain can expect big changes in the months and years ahead, but what alterations might Labour bring to the economy? Chancellor Rachel Reeves has presented Labour as a party focused […]
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From 6th April 2026 employers must process Benefits in Kind (BiKs) though payroll rather than the annual submission of P11D/P11D(b) returns. The new approach is an effort to reduce administrative time for both employers and HMRC through the removal of […]
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As of 1st April the VAT registration threshold has been raised from £85,000 to £90,000. The VAT move is set to benefit up to 28,000 small businesses, who will no longer meet the threshold for VAT submissions. The change is […]
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The rate of National Insurance Contributions paid depends on your employment status, whether you are employed or self-employed and how much you earn. In last year’s Autumn Statement – as part of the National Insurance Contributions (Reduction in Rates) Act […]
Read MoreAs of 6th April 2024 business profits for sole traders, unincorporated businesses and limited liability partnerships should be calculated inline with the tax year,” rather than on the “current period basis”, thus aligning all accounting periods to the tax year […]
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