News

VAT Annual Accounting

Streamline your VAT reporting with fewer returns and smoother cash flow. The Annual Accounting Scheme makes VAT easier to manage ...
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Present rates of Corporation Tax

Corporation Tax rises with profit levels. Marginal relief bridges the gap, easing businesses from the 19% small profits rate to ...
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2025 Spending Review published

The government’s 2025 Spending Review outlines a major funding boost for healthcare, defence, housing, and infrastructure to support long-term recovery ...
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When do the higher rates of Income Tax apply

Once your income passes £100,000, your tax-free allowance starts to shrink. Between £100,000 and £125,140, the effective tax rate climbs ...
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Who must send in a tax return

From self-employment to rental income, there are many reasons you may need to file a Self-Assessment return. Know the triggers ...
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Tax rules for savings interest

You could earn up to £18,570 in tax-free savings interest in 2025–26, thanks to the personal allowance, starting rate for ...
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BT Eyes Deeper Job Cuts as AI Reshapes Telecoms

BT has announced that it may exceed its previously stated target of cutting 40,000 jobs by 2030, as artificial intelligence ...
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Effects of Rachel Reeves’ Spending Review

Chancellor Rachel Reeves delivered her first Spending Review to Parliament last week, setting out the government’s financial priorities for the ...
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Claim for a business journey in a private vehicle

Use your own vehicle for work? You could be entitled to a tax-free mileage allowance. Make sure you are not ...
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Private Residence Relief – when it applies

Selling your main residence? Private Residence Relief can exempt you from Capital Gains Tax. If you meet certain conditions, there ...
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Do not forget to claim the marriage allowance

If one partner in a marriage or civil partnership earns under £12,570, you could save up to £252 a year, ...
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Current IHT gift reliefs

Lifetime gifts can reduce Inheritance Tax, but survival for seven years and using key exemptions like the £3,000 annual allowance ...
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Business Asset Disposal Relief – forthcoming changes

The BADR Capital Gains Tax rate has risen to 14% from April 2025 and will increase further to 18% in ...
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New requirement – verifying ID at Companies House

Identity verification is now rolling out for directors, PSCs, and agents, with more filing roles to be included soon under ...
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When changing a company’s name absolves a daughter company of its obligations

The Court of Appeal addressed the complexities of benefit scheme amendments and the lines of responsibility within corporate structures in ...
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Four critically important KPIs

Gross profit margin This measures the profitability of your core operations by comparing gross profit (sales minus cost of goods ...
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The value of tax planning for high net worth individuals

For high net worth individuals (HNWIs), tax planning is not simply a compliance activity, it is a strategic tool to ...
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Tax Diary July/August 2025

1 July 2025 - Due date for corporation tax due for the year ended 30 September 2024. 6 July 2025 ...
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