Full expensing – Are you missing out?
Full expensing was introduced in 2023 as a major change to capital allowances, allowing businesses to deduct the full cost of qualifying plant and mac…
Category Newswire
Are tax rises on the horizon? What recent activity at The Treasury means for you and your business
While the 2025 Spending Review focused on long-term investment rather than introducing new taxes, the scale of spending suggests that future tax rises…
Green levies on UK businesses to be cut
The UK Government has confirmed that it will reduce green levies for energy-intensive industries. These cuts aim to drive growth in key sectors, such …
Cash flow constraints – 57 per cent of businesses warn of rising costs
57 per cent of small to medium-sized enterprises (SMEs) have warned of rising costs over the next quarter, according to Intuit QuickBooks’ latest Sm…
Child Benefit repayments changing for thousands this summer
The way families make Child Benefit repayments to HM Revenue & Customs (HMRC) is changing. From the summer, many families will have the option to …
Mind the (tax) gap – Why HMRC may have SMEs in its sights
The tax gap, the difference between the amount of tax owed and collected, has long been a thorn in HM Revenue and Customs’ (HMRC’s) side. HMRC bel…
Mandatory payrolling of Benefits in Kind delayed by HMRC
The delay to payrolling Benefits in Kind (BIK) to 2027 may seem like a cause of relief for many businesses who are concerned about the extra responsib…
Kittel VAT: How to control the uncontrollable
Receiving a Kittel VAT notice is something that many businesses dread. HM Revenue and Customs (HMRC) can demand the repayment of tax already reclaimed…
Increased borrowing could mean increased taxes, experts warn
Public borrowing hit £20.5 billion in April, the highest level for that month since 1993 and nearly £3 billion above forecast. Economists warn the C…
How to prepare for an unexpected economic recovery
The International Monetary Fund (IMF) has upgraded the UK’s 2025 GDP growth forecast to 1.2 per cent, citing a strong first-quarter performance …