Category: Compliance

Employment Rights Act

What is changing first? A new website has been launched by the Department for Business and Trade (DBT) offering practical guidance and support on the changes that the Employment Rights Act will introduce and what they can do to get ready.   The website provides details of upcoming changes, including several that come into force […]

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Could a Fiscal “Traffic Light System” Help Your Business Cut Through Uncertainty?

How to bring more structure to decision making A leading think tank has criticised the fiscal rules that the Chancellor uses to determine the government’s tax and spending plans. The Institute for Fiscal Studies (IFS) has suggested that reducing complex finances to a pass‑or‑fail number misses the bigger picture. The Treasury, on the other hand, […]

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Spring Forecast 2026

What does the OBR’s latest forecast mean for you? During a week dominated by news of the Middle East conflict, on 3 March 2026, Chancellor Rachel Reeves presented the Spring Forecast to Parliament. The Chancellor told MPs she had “restored economic stability” as she presented the Office for Budget Responsibility’s (OBR’s) economic forecasts.   The […]

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Chancellor Increases Agricultural and Business Property Relief Allowance to £2.5 Million

Chancellor Increases Agricultural and Business Property Relief Allowance to £2.5 Million Surprise amendment to IHT proposals The government has announced a major change to the agricultural property relief (APR) and business property relief (BPR) reforms that will take effect from 6 April 2026.   The full 100% relief from inheritance tax will now apply to […]

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FSCS Deposit Protection Limit Rises to £120,000 from December

Is it time to review your business’s cash reserves? The Prudential Regulation Authority (PRA) has confirmed that the Financial Services Compensation Scheme (FSCS) deposit protection limit increases from £85,000 to £120,000 from the start of December.   The new threshold applies per depositor, per PRA-authorised bank, building society or credit union. The PRA have confirmed […]

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Thompson & Co – Accountants & Business Consultants | Herefordshire
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