We are officially a few days into the 2026/27 tax year and directors need to be positive on how the latest reforms affect them.
Just days ahead of the initial phase of Making Tax Digital for Income Tax, HMRC has confirmed the exit options for sole traders and landlords who fall below the annual qualifying income threshold.
More than 200 leaders from the UK’s hospitality and leisure sector have written to the Chancellor urging the Government to reconsider the proposed visitor levies.
The first phase for Making Tax Digital (MTD) for Income Tax is nearly upon us, as the new system of digital tax reporting commences from 6 April 2026.
The UK’s economic picture remains uncertain ahead of the Autumn Budget and with the economy growing at a very slow pace, investors and taxpayers are feeling the pinch with a record number set to face a Dividend Tax bill. Read more…
Businesses in the UK are facing increasing financial strain, with new data from HM Revenue & Customs (HMRC) showing that tax arrears have hit £28 billion per month on average across the first quarter of 2025.
This week’s Spring Statement brought two announcements that will matter to anyone running their own business or earning income from property.
Director’s loans can be a useful way to access company funds, but if not managed properly, they can lead to unexpected tax liabilities.
To support the vibrant sector that is the creative industry, the Government offers an array of tax reliefs and expenditure credits.
If you are a sole trader, you must consider the tax implications of owning a van for business use. For sole traders, a van is often an indispensable tool of the trade. Read more…
