Following the Autumn Budget, it is increasingly clear that the Government is toughening its approach to tax compliance. This is a break with tradition, as penalties have remained unchanged for years, meaning that inflation has caused the impact to soften with time. As such, we are facing an update to penalties aimed at tackling late […]

Given how recent the Autumn Budget was, most people had assumed that all of the big tax measures for the year had been issued. However, Rachel Reeves decided to wrap up 2025 with an eleventh-hour announcement of changes to Agricultural Property Relief (APR) and Business Property Relief (BPR) that will increase the allowance available to […]

Employee Ownership Trusts (EOTs) have become one of the UK’s fastest-growing business succession models, and for good reason. Since their introduction in 2014, the Employee Ownership Association and WREOC have reported a 1,640 per cent increase in EOT-owned businesses in the past decade and 560 transitions in 2024 alone. However, with the recent Autumn Budget […]

As the Government continues to put preventative fraud measures in place, it is essential that companies and Limited Liability Partnerships (LLPs) understand any changes that impact them. In September, a new regulation was introduced as part of the Economic Crime and Corporate Transparency Act 2023 that puts pressure on large companies to proactively ensure their […]

The Autumn Budget confirmed that pensions and tax-efficient saving are entering a period of sustained and important change. Reforms to salary sacrifice, ISAs and the growing focus on unspent pensions all make it harder to build and pass on wealth tax efficiently. For savers, business owners and higher earners, the changes that are being introduced […]

A recent report by Purbeck revealed that more than a third of SME loans agreed in October supported day-to-day cash flow – the highest level since early 2025. The latest Barclays index shows that more than half of SMEs have paused spending due to weakened confidence. Insolvency is also on the rise, with more than […]

The Chancellor, Rachel Reeves, has confirmed her plans to extend the Income Tax threshold freeze. The original end date of 2028 has now moved to the 2030/31 tax year forcing many into higher tax bands as wages rise. What are the current thresholds? As it stands, the Income Tax rates are as follows: Up to […]

Last year’s Autumn Budget hit business owners hard with the announcements of changes to Agricultural Property Relief (APR) and Business Property Relief (BPR). The new Inheritance Tax (IHT) rules, set to take effect from April 2026, could create substantial tax liabilities, especially where assets are handed down through generations. Farmers, business owners and AIM investors […]

The festive season is rapidly approaching and it is natural to want to treat your employees. Unfortunately, even small gifts can have implications for your tax and National Insurance Contributions (NICs), so you should understand the implications of any kind gestures. We are no Scrooge as we want to help you understand how to spread […]