This Guide summarises the key measures announced by the Chancellor in the Autumn Budget 2025. Rachel Reeves has delivered her second Autumn Budget, continuing Labour’s pledge to protect public services,…
A guide to the Spring Budget Statement 2024The headline message from the ChancellorThe Chancellor delivered his last spring budget ahead of the election highlighting reforms aimed to ensure the tax…
A guide to the Autumn Statement 2023(including key announcements from the Spring Budget coming into effect next year)The headline message from the ChancellorThe Chancellor delivered his Autumn Statement for Growth…
What do I need to do when setting up a new company? Should I set up as a Limited Company? When you start your own business, there are many things…
Capital Gains Tax Update for 2023 The capital gains allowance (that is the amount you can make before paying any tax) reduced to £6,000 on 6th April 2023. It was…
Change In Basis Period Reform While there is a delay to Making Tax Digital for income tax self assessment, unincorporated businesses will have to report their results on the tax…
FURNISHED HOLIDAY LETTING (FHL) In the UK, there are special tax rules and reliefs for properties that qualify as furnished holiday lets (FHL’s). This means that a FHL is more…
VAT penalty and interest - New penalty system for VAT return filing and payment For VAT returns for accounting periods starting on or after 1 January 2023 a new payment…
In the Spring Budget 2023, the Chancellor, Jeremy Hunt, highlighted that “In the autumn we took difficult decisions to deliver stability and sound money… Today, we deliver the next part…
Do I need to do any year end tax planning 5th April 2023? Why do I need to do year end tax planning 5th April 2023? Who needs to do…