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How to deal with the rising impact of Inheritance Tax on family homes

03/11/2023

Inheritance tax (IHT) can be a sore subject for some taxpayers, especially when it comes to passing on the family home to the next generation. Often referred to as a “death tax” it cannot be…

Brexit’s next chapter: EU announces new Green Tax and VAT rules

03/11/2023

The recent survey by the British Chambers of Commerce (BCC) reveals a concerning lack of preparedness among UK small and medium-sized enterprises (SMEs) for ongoing EU regulations and tax changes. A staggering 80 per cent…

What’s on the horizon for taxation?

05/10/2023

Businesses are holding their breath as the upcoming Autumn Statement threatens to change the tax landscape of the UK. Chancellor of the Exchequer, Jeremy Hunt, announced that he will present the Statement to Parliament on…

HMRC targets overseas taxpayers

05/10/2023

HM Revenue & Customs (HMRC) has continued to run campaigns to ensure that overseas workers, registered in the UK, are paying the correct taxation rates. Taxpayers that have overseas assets and income may still be…

The impact of increased Corporation Tax receipts for business owners

05/10/2023

HM Revenue and Customs (HMRC) has recently reported a significant increase in Corporation Tax receipts for 2022/23. The receipts have risen by £17.3 billion, reaching a record £84.7 billion. This represents a 26 per cent…

The benefits of HMRC’s salary advance reporting changes

05/10/2023

HM Revenue & Customs (HMRC) has recently launched a consultation on new rules aimed at simplifying the reporting of salary advances. This change is expected to have a significant impact on employers, streamlining administrative processes…

Could you enjoy a slice of the £1.6bn creative industry tax reliefs?

18/09/2023

If your company is involved in the creative industry, then it could be eligible for significant tax relief from the Government. These tax reliefs support the Government’s objective of becoming the technological centre of Europe…

When are interest rates likely to fall and why does it matter to you?

18/09/2023

After the fourteenth consecutive increase in interest rates since 2021, many business owners will be asking themselves the same thing: “When will interest rates finally fall?” The higher the interest rates, the more money you…

Can you afford a £7,300 fine from Companies House?

18/09/2023

You must file your company accounts, to avoid late filing penalties, Companies House is warning. All companies must file annual accounts with Companies House each year, regardless of whether they are trading or not, or…

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