Increased borrowing could mean increased taxes, experts warn
Public borrowing hit £20.5 billion in April, the highest level for that month since 1993 and nearly £3 billion above forecast. Economists warn the Chancellor…
Continue reading
Kittel VAT: How to control the uncontrollable
Receiving a Kittel VAT notice is something that many businesses dread. HM Revenue and Customs (HMRC) can demand the repayment of tax already reclaimed, and…
Mandatory payrolling of Benefits in Kind delayed by HMRC
The delay to payrolling Benefits in Kind (BIK) to 2027 may seem like a cause of relief for many businesses who are concerned about the…
Mandatory payrolling delayed – but is your business ready for 2027?
The Government’s decision to delay the mandatory payrolling of benefits in kind (BIK) and taxable employment expenses until April 2027 has bought businesses more time….
Capital allowances: Full Expensing vs AIA vs Writing-Down Allowances
Capital allowances allow businesses to claim tax relief on money invested in assets like machinery, equipment, or certain vehicles used commercially. There are a variety…
Is your remuneration strategy still tax-efficient in 2025/26?
Business owners who pay themselves through a combination of salary and dividends should revisit their remuneration strategy this tax year. With Income Tax thresholds frozen…