Business News

18 July 2025
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
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18 July 2025
Are your systems ready for MTD? Five things to check as the clock ticks down
HM Revenue and Customs (HMRC) is working to enhance compliance and improve efficiency with tax filings by implementing Making Tax Digital (MTD) for Income Tax. However,
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18 July 2025
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 report
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18 July 2025
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 Small Business Insights
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18 July 2025
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 as manufacturing
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18 July 2025
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 are likely. Where
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17 June 2025
Three easy ways to manage your directors’ loan accounts
It is not uncommon for directors of a company to take loans from the business during each financial year, often to cover unexpected bills. However, you
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17 June 2025
Too many sole traders are still missing out on their State Pension
How much State Pension you get depends on your National Insurance (NI) record when you reach the State Pension age. Gaps in your NI record could
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17 June 2025
Identity crisis – Companies House begins to verify identities
On 8 April 2025, Companies House introduced identity verification for those who make filings on behalf of a business. It is currently a voluntary process, but
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17 June 2025
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 and signs of a
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17 June 2025
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 Chancellor may
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17 June 2025
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, and this
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