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Salary vs dividends: The best way to extract profit in 2025/26

If you trade as a limited company, then you will likely know that balancing salary and dividends is key to extracting profit from your company in the most tax-efficient way.

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National Minimum Wage increases for April 2025

The government has announced the new National Minimum Wage (NMW) rates that will apply from 1 April 2025.

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Businesses count the cost of increases to Employers National Insurance

From 1 April 2025, the rate for Employers National Insurance (NI) will increase from 13.8% to 15%.

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New government grants to boost research on AI risks

Researchers in the UK are being offered new funding opportunities to explore ways of making society more resilient to the risks posed by Artificial Intelligence (AI).

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Have a Child Trust Fund? Time to check if you can claim your savings!

If you, or your child, was born between 1 September 2002 and 2 January 2011, there could be a savings account with your or their name on it – literally!

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New apprenticeship reforms: What they mean for your business

The government has announced some reforms to the apprenticeship system in England, which could bring some exciting opportunities for business owners.

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Amazon ends hybrid work policy: Is it time to reconsider remote working?

Amazon has announced the end of its hybrid work policy, with corporate staff expected to be back in the office five days a week starting in January.

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Companies undermining insolvency rules shut down

In a recent case reported by the Insolvency Service, two connected corporate rescue firms, Atherton Corporate (UK) Ltd and Atherton Corporate Rescue Limited, have been forcibly shut down by the UK courts.

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Companies House online services to move to GOV.UK One Login

Last week, Companies House confirmed that their online services will move to the GOV.UK One Login beginning from autumn 2024.

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HMRC advisory fuel rates for company car users from 1 September 2024

HMRC has published the latest advisory fuel rates (AFR) for company car users, effective from 1 September 2024.

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Homebuyers Paid £1.2 Billion in Stamp Duty in July

According to official figures from HMRC, homebuyers in the UK paid an astonishing £1.2 billion in stamp duty in July 2024

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Chancellor refuses to rule out increase to capital gains tax

The Chancellor has ruled out raising VAT, income tax rates or National Insurance rates, but this has added speculation on whether other taxes will be increased.

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VAT on Amazon Fees from 1 August 2024

From 1 August 2024, selling fees charged by Amazon to UK vendors will be subject to VAT at 20%.

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Changes to non-domiciled tax status to go ahead

The previous government included plans to end non-domiciled tax status at the Spring Budget and replace it with a 4-year foreign income and gains (FIG) regime

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HMRC conducting Business Asset Disposal Relief checks

The Institute of Chartered Accountants in England and Wales (ICAEW) have reported that HM Revenue and Customs (HMRC) are contacting taxpayers they believe may have overclaimed Business Asset Disposal Relief.

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VAT on school fees from January 2025

As the Chancellor was speaking in the House of Commons the Treasury published draft legislation on VAT for private school fees with forestalling measures from October

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Changes to HMRC Helpline Services for Construction Industry Scheme

HMRC helplines will no longer deal with requests for payment deduction statements (PDS) for the Construction Industry Scheme

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Chancellor’s Speech: What are the Tax and Compliance Implications?

The new Chancellor of the Exchequer, Rachel Reeves, has delivered her first speech as Chancell oroutlining her plans for revitalising the UK economy

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Growth Guarantee Scheme now open for applications

The successor to the Recovery Loan Scheme, the Growth Guarantee Scheme, has now been launched by British Business Bank.

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Reminder: P11D form submission deadline rapidly approaching

The deadline – 6 July – for reporting expenses and benefits to HM Revenue & Customs (HMRC) is rapidly approaching.

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