Posted 03/11/2025 HM Revenue and Customs (HMRC) has been reminding taxpayers that there are now fewer than 100 days left to file their tax return and pay any tax due for the 2024-25 tax year. The online filing deadline applicable to the majority of taxpayers is 31 January 2026. Why file early? Filing early gives…Read More
Posted 27/10/2025 Almost 500 UK employers have been fined a total of £10.2 million after failing to pay the National Minimum Wage correctly, according to the latest government list. Following investigations by HMRC, around 42,000 workers have now received back pay totalling £6 million. The list of employers includes businesses of all sizes and across…Read More
Posted 20/10/2025 Small businesses across the UK are being urged to take simple, practical steps to protect themselves from growing online threats – and a new free toolkit from the National Cyber Security Centre (NCSC) aims to make that much easier. The Cyber Action Toolkit, launched this week at the NCSC’s Annual Review, offers tailored…Read More
Posted: 03 Oct 2025 The increasing prevalence of cyber-attacks has led the Information Commissioner’s Office (ICO) to remind businesses to review their security measures and protect any personal information they hold. According to government figures, UK businesses experienced an estimated 7.7 million cyber-crimes over the past year. Most small businesses store personal information and rely…Read More
Posted 01/09/2025 From 13 October 2025, Companies House will require all businesses to use GOV.UK One Login to access WebFiling. This change is part of a wider government move to introduce a single, more secure login system across all online services. What’s Changing? From 13 October 2025, you’ll need to connect your WebFiling account to…Read More
Posted 06/08/2025 Earlier this year Companies House made it so company directors could voluntarily verify their identity and has now confirmed when it will become compulsory. From 18 November 2025 company directors and people with significant control (PSC) will have to verify their identities to incorporate a company and to become the director of an…Read More
Posted 16/07/2025 Companies House is undergoing a major transformation following the introduction of the Economic Crime and Corporate Transparency Act 2023 (ECCTA). Backed by new legislative powers, the agency is shifting from a passive registrar to an active gatekeeper – taking direct action against fraud, money laundering, and misuse of the UK’s corporate framework. A…Read More
Posted 01/07/2025 If you earn extra income from a side hustle, you could be legally required to register for Self Assessment and complete a tax return – and it’s better to get ahead of it now, rather than wait until the January deadline. The threshold is simple: if you earn more than £1,000 in a…Read More
Posted 27/05/2025 The UK government has agreed a new trade deal with the European Union, aimed at making it easier to do business across the Channel. This follows recent agreements with the US and India and is being presented as part of a wider effort to support jobs and help businesses grow. The EU is…Read More
13 May 2025 James Murray, the Exchequer Secretary to the Treasury, recently made a Written Ministerial Statement that included a number of tax simplification, administration and reform measures. In total, 39 measures were announced. Many measures are intended to reduce burdens on employers and small businesses, whereas others are designed to modernise H M Revenue…Read More
Posted 01/04/2025 The Spring Statement announced that Making Tax Digital for Income Tax (MTD for IT) regime will be further extended to smaller businesses. Read on to see how and when your business might be affected. What is MTD for IT? Making Tax Digital for Income Tax (MTD for IT) is a government initiative that…Read More
Posted 31/03/2025 The Chancellor of the Exchequer, Rachel Reeves, delivered her Spring Statement last week in which she outlined the government’s economic plans, including spending decisions, tax policies and efforts to boost growth while managing public finances. What did the statement tell us about public finances and the economy? The Statement came on the back…Read More
Posted: 24 March 2025 The new National Living Wage and National Minimum Wage rates will come into force from 1 April 2025. There are also changes to the National Insurance employers pay that take effect from 6 April. For many businesses, the April payroll will represent a sizeable step up in labour costs. As a…Read More
Posted 31/10/2024 Inheritance tax –The IHT threshold of £325k to remain until 2030. –From April 2027, inherited pensions are subject to IHT. –From April 2026, agricultural property relief and business property relief will be reformed, with the highest rate of relief remaining at 100% for the first £1m of combined business and agricultural assets on top…Read More
Posted 30/10/2024 We have compiled a summary of the budget announcements made today. A more detailed analysis will follow. National Living/Minimum Wage The National Living Wage for people aged 21 or older will rise by 6.7% to £12.21 from next April. In addition, the National Minimum Wage will rise for people aged between 18 and…Read More
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