News and Views

A UK parliamentary report has been widely covered this week warning that small firms are operating under pressures similar to those seen during the pandemic, but without equivalent support. The business and trade committee highlighted rising taxes, high energy costs, crime and chronic late payments as factors threatening the survival of many local firms, with […]

As the end of the tax year on 5 April 2026 approaches, many business owners focus on how much tax they expect to pay. What is often overlooked is that timing can be just as important as the numbers themselves. The date on which income is received, or expenses are incurred can materially affect the […]

Many business owners and individuals only think about tax when a deadline approaches or a tax bill arrives. While this is understandable, leaving tax planning until the last minute often limits the options available and can result in higher overall costs. Tax planning is most effective when it is forward-looking. Decisions made earlier in the […]

Significant changes are coming to Statutory Sick Pay (SSP) on the 6th April 2026! This is designed to make the system fairer and more accessible for employees across the United Kingdom. These reforms represent one of the most notable updates to sick pay entitlement in recent years and will have important implications for both employers […]

For many people, pensions are seen as something to think about later in life rather than as part of annual tax planning. In reality, reviewing pension contributions before the end of the tax year on 5 April can be one of the most effective ways to reduce a current tax bill while also strengthening long-term […]

As the tax year draws to a close on 5 April 2026, this is a timely reminder to review your pension contributions and consider whether a top up before the year end would be beneficial. Pension contributions remain one of the most tax-efficient ways to save for the future, and unused allowances are lost once […]

Tackling fraud in the Construction Industry Scheme (CIS) was one of the measures addressed in the recent Budget. The changes are intended to allow faster intervention where fraud is suspected, while also simplifying certain administrative aspects of the CIS. From 6 April 2026, HMRC will be able to act immediately where a business makes or […]

Are you ready for Making Tax Digital for Income Tax (MTD for IT)? This new way of reporting will become mandatory in phases from April 2026. If you are self-employed or a landlord earning over £50,000, now is the time to prepare for digital record keeping, quarterly updates and the new penalty system that will […]

CGT on certain UK residential property sales often has a strict 60-day reporting and payment deadline, so early planning can avoid penalties. If you are selling a second property, such as a buy-to-let or a former home that is no longer your main residence, CGT will usually apply. This is different from selling your main […]