Archive for September 2025

Tax challenges are common for business owners as they look to ensure they are meeting their legal obligations. There are many taxes business owners will be dealing with, and that may include Value Added Tax (VAT), which businesses must apply to their products and services should they surpass the UK’s VAT threshold. The tax is…

As a sole trader, it is important that you understand your tax obligations and when you need to pay them because failing to do so can have serious consequences. Your business is taxed on the profit it makes, so you need to keep a comprehensive account of all your figures and submit the correct information…

Corporation Tax is a type of business tax that certain companies are required to pay. Companies are charged Corporation Tax on their taxable profits from activities such as selling goods and investments. Corporation Tax applies to incorporated businesses such as limited companies. If you do own an incorporated business, you must register with HM Revenue…

The UK’s inflation rate remained at 3.8 per cent for a second consecutive month, meaning costs have stayed at a similar level. However, while inflation has remained unmoved, it is still above the Bank of England’s two per cent target. The Bank of England also needs to drive down interest rates to help both taxpayers…

Changes to the Small Business Rates Relief (SBRR) could arrive in the future with Chancellor Rachel Reeves reviewing the current regulations to ensure small businesses can expand their services and grow.  A recently released report from HM Treasury has confirmed the Chancellor is keen to help small businesses and get the economy moving. The report…

HM Revenue and Customs (HMRC) has announced that all pay-as-you-earn (PAYE) pension tax relief claims must be made online or by post with supporting evidence submitted alongside. Having come into effect on 1 September, the new regulations mean taxpayers will not be allowed to file a pension tax relief claim over the telephone. The changes…

In the last 12 months, there has been a 60 per cent rise in pension pot withdrawals. In total, over £18 billion in cash sums have been withdrawn by concerned pensioners and savers. This rise has likely been caused by the Inheritance Tax (IHT) announcements during the 2024 Autumn Budget, in which the Chancellor Rachel…

Wednesday, 26 November 2025, has been confirmed as the day the Chancellor Rachel Reeves will announce her Autumn Budget. After months of speculation, the Chancellor’s plans will be unveiled, with taxpayers and businesses finding out her plans to drive the economy forward. For taxpayers and businesses, this is the perfect time to prepare, now that…

As the country watches and waits for the Autumn Budget, all eyes are on Chancellor Rachel Reeves and exactly what she announces about taxes in the UK. Financial experts are spotlighting Labour’s manifesto, casting doubt as to whether the Chancellor can fix the UK’s economic issues without breaking the pledge not to increase taxes on…