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The American presidential election may have significant effects on the United Kingdom, impacting various aspects of the relationship between the two countries. Here are some

Interest rates are a powerful lever in our economy. Increase rates and economic activity tends to slow down, and vice versa if interest rates fall.

Since Rachel Reeves was appointed Chancellor of the Exchequer in May 2024, she has made several significant announcements aimed at addressing the UK's economic challenges

Tax relief on private pension scheme contributions is a significant incentive in the UK, encouraging individuals to save for retirement. Here’s how it works according

Liz Kendall recently set out how Britain’s system of employment support must be fundamentally reformed to tackle the “most urgent challenge” of spiralling economic inactivity.

From April 2025, the present tax breaks enjoyed by owners of Furnished Holiday Lets (FHLs) will cease and FHL income and gains will be taxed

The following notes are copied from draft legislation published by HMRC, to be included in the Finance Bill 2024-25. As of 1 January 2025, all

In a recent announcement to parliament, the Chancellor confirmed the current year deficit in the government finances of £22bn. She set out some of the

1 August 2024 – Due date for corporation tax due for the year ended 31 October 2023. 19 August 2024 – PAYE and NIC deductions

Where a taxpayer owns a business as a sole trader or in partnership, a capital gain will be deemed to arise if the business is

It is important that anyone responsible for the accounts and tax filing regime for private limited companies is aware of their obligations. After the end

The weekly child benefit rates for the only or eldest child in a family is currently £25.60 and the rate for all other children is

Business Asset Disposal Relief (BADR) applies to the sale of a business, shares in a trading company or an individual’s interest in a trading partnership.

According to the competition and Markets Authority, certain UK banks are not meeting their obligations to keep customers informed about their products and services. HSBC,

According to the pundits, there are a number of issues that the new government will have to tackle if it wants to increase government revenues

Trader recommendation sites are websites and apps often used by people to find and connect to traders from a wide range of specialisms, such as

On her first visit as Secretary of State, with the rest of the Ministerial team, Liz Kendall MP will confirm the three pillars of the

At some point between now and the end of 2024, Rachel Reeves will step up to the despatch box and deliver her first Autumn Statement.

The Government Actuaries Department has declared it is using artificial intelligence to help government departments process consultation responses. In a recent news story, they said:

Class 1A NICs for 2023-24 are payable if you have provided employees with taxable benefits for that year. You are also required to pay them

The Valuation Office Agency (VOA) has issued the following warning to business rate payers who may have been approached by agencies with false claims about

1 July 2024 – Due date for corporation tax due for the year ended 30 September 2023. 6 July 2024 – Complete and submit forms

The 2023-24 tax year ended on 5 April 2024 and the new 2024-25 tax year started on 6 April 2024. Most taxpayers will be happy

Where an error on a past VAT return is uncovered businesses have a duty to correct the error as soon as possible. As a general

If you are self-employed it is important to know if an expense is tax allowable. Any allowable costs can be used to reduce your taxable

The enhanced Check Your State Pension forecast service is now available online. The service can be found on GOV.UK at the following webpage https://www.gov.uk/check-state-pension. The

You can receive up to £500 every 3 months (up to £2,000 a year) for each of your children to help with the costs of

If a customer complains that an item you sold them is faulty, is not as described or does not do what it is supposed to

Our new government will be in place by the 4th of July 2024, two days old on the 6th of July, unless there is an

The Digital Markets, Competition and Consumers Act has become law after receiving Royal Assent. The Act paves the way to give consumers rights across the

According to HMRC, you would normally have to pay Capital Gains Tax (CGT) on any gain you make if you dispose of: a dwelling house

The full details of which organisations are required to report on gender pay gap data are published by the Government Equalities Office. The latest statutory

The new Economic Crime and Corporate Transparency Act mandates that small companies and micro-entities will have to file at Companies House accounts, that for the

If you provide free accommodation to employees the deemed benefit is taxable, and you will have to pay Class 1A NIC based on the value

The Digital Markets, Competition and Consumers Act has become law after receiving Royal Assent. The Act paves the way to give consumers rights across the

Usury is defined as the practice of making loans that are unfairly enriching the lender. And we must take comfort that most lenders in the

1 June 2024 – Due date for corporation tax due for the year ended 31 August 2023. 19 June 2024 – PAYE and NIC deductions

There have been a number of significant changes in Companies House fees. These changes took effect on 1 May 2024. The last significant change in