News

HMRC sending 1.8m Simple Assessment letters

Some taxpayers have already started to receive Simple Assessment letters from HMRC for the 2025-26 tax year, with a further ...
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Is your business ready for a cyber incident?

Cyber security is sometimes treated as a problem for large organisations with specialist IT departments. In reality, smaller businesses can ...
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Interest rates may not be coming down soon

Businesses waiting for cheaper borrowing may need to reconsider their plans. The Bank of England kept Bank Rate unchanged at ...
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Money and property after divorce

When a couple divorces or separates, they need to agree how their finances will be divided. This can include property, ...
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Winter Fuel Payment opt-out deadline approaches

Pensioners who do not want to receive the Winter Fuel Payment for winter 2026–27 have until September to opt out ...
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Tax rules for cryptoassets set to change

The tax treatment of some crypto assets is set to change under draft legislation for Finance Bill 2026–27. The proposed ...
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New duty on vaping products starts in October

Businesses in the vaping sector are reminded that the new Vaping Products Duty and the Vaping Duty Stamps Scheme will ...
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HMRC targets persistent tax debts

HMRC is reviewing proposals to introduce new powers for recovering lower-value, persistent tax debts from individuals and businesses that repeatedly ...
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New self-assessment registration service launched

HMRC has launched an improved online service to make it easier for individuals to register for self-assessment. Anyone who needs ...
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Training clawbacks can constitute an unlawful restraint of trade

Seeking to claw back training costs from wages is common practice. However, a recent ruling has set clearer boundaries as ...
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New funding opens for growing businesses

The British Business Bank has launched a £210 million investment fund to help smaller businesses in the South East of ...
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Could simpler reporting reduce business paperwork?

The Government has announced plans to simplify corporate reporting and reduce the administrative burden placed on UK businesses. It estimates ...
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Tax diary: October and November 2026

1 October 2026 – Corporation Tax payment is due for companies with an accounting period ending 31 December 2025, unless ...
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Business expenses when costs have a private element

Self-employed people can deduct allowable business expenses when calculating their taxable profits. However, where a cost has both a business ...
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Could simplified expenses save you time and money?

Self-employed people can choose to use simplified expenses to calculate certain business costs using flat rates rather than working out ...
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Are you paying your staff the correct minimum wage?

Employers must make sure their staff receive at least the National Minimum Wage or National Living Wage rate that applies ...
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When is a company dormant for Corporation Tax?

A company does not have to be formally closed to become dormant for Corporation Tax. A company is usually considered ...
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When can a trading loss generate a tax refund

Making a trading loss whilst not ideal can sometimes generate a tax refund. If you are a self-employed individual or ...
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