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Companies House and HMRC to close free joint filing service

On 6 March HMRC announced that the free online accounts and company tax return service will be closed on 31 March 2026, meaning small businesses will have to use commercial software

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Plug-in van grant extended for another year

The Future of Roads Minister, Lillian Greenwood, has confirmed that the plug-in van grant will be extended for another year.

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Making Tax Digital for Income Tax

With just over a year to go before Making Tax Digital for Income Tax (MTD for IT) is mandated, now is the time to consider whether your business will be required to comply with the new requirements from 6 April 2026.

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Pressure on chancellor despite government surplus

The latest figures show that the government had a surplus of £15.4 billion in January. This represents the difference between the tax it receives and what it spends.

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Business Rates Relief confirmed for 2025/26

A letter from the government’s Non-Domestic Rates Team to councils has confirmed the Business Rates Relief measures for 2025/26 announced at the 2024 Autumn Budget

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Surprise jump in inflation: How to navigate your business

Inflation figures for January 2025 were recently released and showed a surprising jump to 3.0%, up from 2.5% in December.

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Gloomy predictions: How can you maintain confidence?

According to a survey of 2,000 businesses carried out by the Chartered Institute of Personnel and Development (CIPD), just over a third are planning redundancies or to recruit fewer people ahead of National Insurance and Minimum Wage rises this April.

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Wages growing faster than inflation

Latest figures released by the Office for National Statistics (ONS) show that average wages are continuing to grow faster than inflation

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Proposals on new energy saving requirements for landlords

The UK government is consulting on changes that will require private landlords in England and Wales to meet higher energy performance ratings by 2030.

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Should you be paying tax on your side hustle?

Conventional approaches to work and earning an income are changing and with the cost of living ever rising, many now use various ways to make some extra cash outside of their main job

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Rises to national minimum wage confirmed

Legislation has been laid before Parliament confirming that the new National Living Wage and new Minimum Wage rates will take effect from 1 April 2025.

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Are you thinking about starting a new business?

Starting a business in the UK is an exciting venture, but it comes with financial, tax, and accounting responsibilities that you must navigate effectively

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Duty changes for the alcohol industry

February saw changes for the alcohol industry come into force that particularly affected winemakers.

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Avoiding the last-minute rush: A business owners guide on preparing next year’s tax return

The annual self-assessment tax return deadline has just passed, and for many business owners, the experience may have been a mad scramble to gather documents, double-check figures, and submit their returns and pay the tax on time.

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Is cash still king?

The new economic secretary to the Treasury, Emma Reynolds, has said that there are no plans to regulate businesses, whether big or small, to compel them to accept cash.

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Interest rate cut to 4.5% amid warning on inflation

In an expected move, the Bank of England has cut the base rate by 0.25% although two members wanted to cut to 4.25% as Andrew Bailey warns inflation could rise to 3.7% this year

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11.5 million file Self Assessment by 31 January deadline

More than 11.5 million taxpayers beat the Self Assessment deadline to file their tax return for the 2023 to 2024 tax year by 31 January and avoid a £100 late filing penalty

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Why you should prioritise tax planning before the tax year ends

As the UK tax year-end approaches on 5 April, it’s an excellent time for you to review your business finances and explore tax planning opportunities, particularly if you are self-employed.

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Are you ready for the new safety and security declaration requirements?

Starting from 31 January 2025, entry summary declarations are now required for goods imported into Great Britain (GB) from the EU.

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HMRC’s phone service criticised … again

A report released by the Public Accounts Committee (PAC) has further criticised HM Revenue & Custom’s (HMRC) phone service.

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How can we help you?

Brearley & Co Accountants are pleased to offer a free, no obligation, initial consultation with one of our experts who will be happy to discuss your business needs and how we can help you.

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