With UK growth slowing to just 0.3 per cent in Q2, business confidence is fragile. Momentum has faded after a surge in exports ahead of new tariffs earlier this year, while weaker consumer confidence and persistently high household savings add to the uncertainty. The upcoming Autumn Budget is amplifying concerns with the expectation that the […]
The Treasury is reportedly revisiting Inheritance Tax (IHT) as ministers hunt for extra revenue. While the Chancellor considers several options, IHT reforms remain a likely avenue, and now may be a good time to restructure your assets to avoid a larger IHT bill. How could Inheritance Tax change? No decisions have been finalised, but several […]
HM Revenue and Customs (HMRC) has confirmed it uses AI to scan social media posts as part of criminal investigations into suspected tax and benefits fraud. That means, if you are posting content that could be viewed as advocating for, admitting to, or describing tax avoidance, you could find yourself at the centre of legal […]
After months of uncertainty, Companies House has set the identity-verification deadline as 18 November 2025. From that date, all new company directors and People with Significant Control (PSCs) must verify their identity. Existing directors and PSCs will then have 12 months to complete verification, which means 18 November 2026 is the true identity verification deadline. […]
HMRC will be running a digital campaign aimed at encouraging accurate private use adjustments of business expenses that are reported via Self Assessment returns. To be allowable for tax, expenses must be ‘wholly and exclusively‘ incurred for the purposes of the business, with any appropriate adjustments being made for private use. Expense claims should therefore […]
The Department for Business and Trade (DBT) has announced that major reforms to Statutory Sick Pay (SSP) will take effect from April 2026. The reforms will enhance employee rights but potentially raise costs for employers. The key changes are: SSP will be payable from the first day of sickness absence (currently SSP is payable after […]
HMRC have issued a warning to taxpayers to be vigilant of tax agents offering to secure Stamp Duty Land Tax (SDLT) repayments on certain property purchases. The warning reminds property buyers to be aware of tax agents claiming that, for a fee, SDLT can be reclaimed on residential property purchases when they are in need […]
Individuals born before 22 September 1959 and living in England, Wales or Northern Ireland are likely to be entitled to a Winter Fuel Payment (WFP) of between £100 and £300 for this upcoming winter (2025-26). Payments will be made in November or December 2025. However, HMRC will claw back (or “recover”) the WFP if the […]
We are aware that HMRC is challenging retailers that supply flooring, kitchens, and bathrooms where the retailer refers the customer to third party contractors for fitting services. Typically, HMRC will argue that a single supply of goods and fitting services is being made by the retailer. In many cases, the third-party fitters are not registered […]
Date What’s Due 1 September Corporation Tax for year to 30/11/2024, unless quarterly instalments apply 19 September PAYE & NIC deductions, and CIS return and tax, for month to 05/09/2025 (due 22/09 if you pay electronically) 1 October Corporation Tax for year to 31/12/2024, unless quarterly instalments apply 5 October Deadline for notifying HMRC of […]
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