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Budget 2025: writing down allowance reduced to 14%

Budget 2025: writing down allowance reduced to 14%

03/12/2025

Writing Down Allowance Cut to 14% from April 2026: Will It Hurt Business Investment? In the Autumn Budget 2025, Chancellor R...

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Budget 2025: Personal Allowance thresholds frozen to 2031

Budget 2025: Personal Allowance thresholds frozen to 2031

03/12/2025

Rachel Reeves kept her manifesto promise not to increase the headline rates of income tax, National Insurance or VAT on “work...

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Budget 2025: penalties for late corporation tax filing double

Budget 2025: penalties for late corporation tax filing double

03/12/2025

After remaining unchanged since 1998, the government has announced that penalties for late corporation tax returns will doubl...

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Budget 2025: fuel duty up 5p in staged rise

Budget 2025: fuel duty up 5p in staged rise

03/12/2025

The Chancellor has confirmed the long-running freeze on fuel duty is finally coming to an end – but not all at once.The good...

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Budget 2025: ISA limit slashed to £12k

Budget 2025: ISA limit slashed to £12k

03/12/2025

The Chancellor has confirmed the widely leaked shake-up to Individual Savings Accounts (ISAs) that will take effect from 6 Ap...

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Budget 2025 - New Tax Rates on Rental Income Coming in 2027 – A Simple Guide

Budget 2025 - New Tax Rates on Rental Income Coming in 2027 – A Simple Guide

03/12/2025

Starting in April 2027, the way rental profits are taxed in the UK is changing significantly for the first time.Instead of be...

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Budget 2025: pension salary sacrifice capped at £2k

Budget 2025: pension salary sacrifice capped at £2k

03/12/2025

Chancellor Rachel Reeves confirmed a major reform to salary sacrifice pension schemes – but gave savers and employers a four-...

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Budget 2025: UK “Mansion Tax” Confirmed: What Owners of £2m+ Homes Need to Know

Budget 2025: UK “Mansion Tax” Confirmed: What Owners of £2m+ Homes Need to Know

03/12/2025

Chancellor Rachel Reeves has confirmed a new high-value council tax surcharge – widely called the “mansion tax” – targeting r...

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Budget 2025: Dividend Tax Rates Are Going Up Again – Here’s What It Means for You

Budget 2025: Dividend Tax Rates Are Going Up Again – Here’s What It Means for You

03/12/2025

The Chancellor confirmed another increase in dividend tax rates, effective from the new tax year starting April 2026.The chan...

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Budget 2025: UK to Introduce Pay-Per-Mile Tax for Electric & Hybrid Vehicles from 2028

Budget 2025: UK to Introduce Pay-Per-Mile Tax for Electric & Hybrid Vehicles from 2028

03/12/2025

Electric vehicle (EV) drivers in the UK are facing a major change to motoring costs. Starting in April 2028, a new mileage-ba...

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Budget 2025: Savers Face a New Tax Hit: 2% Rise in Savings Interest Tax from 2027

Budget 2025: Savers Face a New Tax Hit: 2% Rise in Savings Interest Tax from 2027

03/12/2025

If you're someone who relies on savings interest to supplement your income, there's bad news on the horizon. In the recent UK...

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Companies House Now Requires Identity Verification – Act Before 18 November

Companies House Now Requires Identity Verification – Act Before 18 November

06/11/2025

Companies House Identity Verification: What You Need to KnowIf you’re a company director or someone with significant control...

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HMRC to Temporarily Close Self Assessment Tax Helpline for Summer: What You Need to Know

HMRC to Temporarily Close Self Assessment Tax Helpline for Summer: What You Need to Know

16/06/2023

HMRC has announced the temporary closure of the self assessment tax helpline for three months during the summer period. From...

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HMRC Clarifies VAT Relief Rules for Electrical Blinds in Building Projects

HMRC Clarifies VAT Relief Rules for Electrical Blinds in Building Projects

15/06/2023

HMRC has provided clarification on the rules regarding VAT relief for the installation of electrical blinds in building proje...

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HMRC Consults on Simplifying the CIS Administrative Burden

HMRC Consults on Simplifying the CIS Administrative Burden

14/06/2023

HMRC has launched a consultation to address the administrative burdens associated with the Construction Industry Scheme (CIS)...

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HMRC Introduces Online Payment Plans for VAT-Registered Businesses

HMRC Introduces Online Payment Plans for VAT-Registered Businesses

13/06/2023

HMRC has recently announced a convenient solution for VAT-registered businesses who owe less than £20,000 in unpaid VAT. Star...

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HMRC Raises Self Assessment Threshold to £150,000 for PAYE Taxpayers

HMRC Raises Self Assessment Threshold to £150,000 for PAYE Taxpayers

12/06/2023

HMRC has announced a change in the self assessment threshold for taxpayers who are solely taxed through PAYE. Starting from t...

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Top 10 Tips for Small Businesses to Thrive

Top 10 Tips for Small Businesses to Thrive

25/05/2023

Navigating a tough economic times can be challenging for small businesses. However, with the right strategies in place, it's...

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Corporate Insolvencies Surge by 18% in First Quarter

Corporate Insolvencies Surge by 18% in First Quarter

24/05/2023

According to the Insolvency Service, corporate insolvencies rose by 18% in Q1 compared to the previous year. With 5,747 insol...

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Bank of England Raises Interest Rates to 4.5% to Tackle Inflation

Bank of England Raises Interest Rates to 4.5% to Tackle Inflation

23/05/2023

The Bank of England has increased interest rates by 0.25%, reaching 4.5% after a year of consecutive hikes. The policy aims t...

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Quarterly Reporting for MTD is "disproportionate"

Quarterly Reporting for MTD is "disproportionate"

22/05/2023

ICAEW Calls for Review of Making Tax Digital for Income Tax Reporting RequirementsThe Institute of Chartered Accountants in E...

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Corporation Tax Small Profits & Marginal Relief

Corporation Tax Small Profits & Marginal Relief

19/05/2023

The UK government has reinstated the small profits rate and marginal relief for companies with profits between £50,000 and £2...

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UK State Pension Age Rise to 68 Delayed, Review Due in Two Years

UK State Pension Age Rise to 68 Delayed, Review Due in Two Years

18/05/2023

The UK government has announced that it will not proceed with plans to increase the state pension age to 68 and will instead...

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HMRC's Beneficial Loan Interest Rate for Directors Increases to 2.25% in 2023/24

HMRC's Beneficial Loan Interest Rate for Directors Increases to 2.25% in 2023/24

17/05/2023

With the Bank of England base rate increasing to 4.25%, employees and directors receiving loans from their company may benefi...

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UK plans to regulate Crypto Currency

UK plans to regulate Crypto Currency

16/05/2023

The UK government is consulting on a regulatory regime to control the crypto market, with proposed rules strengthening transp...

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HMRC Requires Businesses to Use Making Tax Digital (MTD) Software for VAT Returns

HMRC Requires Businesses to Use Making Tax Digital (MTD) Software for VAT Returns

15/05/2023

HMRC Requires Businesses to Use Making Tax Digital (MTD) Software for VAT ReturnsHMRC has recently informed companies that th...

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2023 Budget Predictions

2023 Budget Predictions

15/03/2023

With the economy as it is and insolvency increases at 18%. Jeremy Hunt will be required to pull the rabbit out of the hat to...

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New VAT Surcharge Penalties in force from 7th March

New VAT Surcharge Penalties in force from 7th March

07/03/2023

The 1st of monthly VAT Returns and Payments affected are due by the 7th March this is for any VAT Period ended January 2023 o...

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VAT on Property - How to make a Claim

VAT on Property - How to make a Claim

19/07/2022

Starting out in property development reclaiming VAT can be daunting. We’ve provided some helpful info to show you ins and o...

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Small Businesses to file full accounts at Companies House by 2025

Small Businesses to file full accounts at Companies House by 2025

19/07/2022

The government have set out plans to make Companies House less of a passive data collector to a more active gatekeeper over...

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Code of Conduct for Directors by 2025

Code of Conduct for Directors by 2025

19/07/2022

When Prime Ministers and politicians are falling over their own code of conduct. It seems that proposals for A voluntary co...

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