Category: Management
Backtrack on Digital ID Requirements
Backtrack on Digital ID Requirements Digital right to work checks will be mandatory, ID optional It appears that the government has backtracked on plans to require workers to register with its new digital ID programme to prove their right to work in the UK. While right-to-work checks will still be carried out digitally by 2029, […]
Spring Forecast Scheduled for 3 March 2026
Spring Forecast Scheduled for 3 March 2026 Will there be any changes to tax policy? The Chancellor, Rachel Reeves, has requested the Office for Budget Responsibility (OBR) to publish an economic and fiscal forecast on 3 March 2026. This will be accompanied by a statement to Parliament. As set out in the Budget, the […]
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 […]
Getting Ready for Making Tax Digital
What you need to know before MTD begins With just a few weeks to go until the new tax year, many businesses are preparing for the changes that Making Tax Digital (MTD) will bring. From April, sole traders and landlords with an income of over £50,000 will need to submit quarterly updates to HMRC. […]
High-Value Council Tax Surcharge
Targeted valuation exercise to be carried out in 2026 The government has announced plans to introduce a new levy, the High-Value Council Tax Surcharge (HVCTS), for owners of residential properties in England valued at £2 million or more. The surcharge is expected to come into effect in April 2028. A public consultation on the details […]
Self Assessment Deadline Approaching
Are You Ready? The deadline for filing your 2024/25 Self Assessment tax return is fast approaching. You must submit your return and pay any tax due by 31 January 2026 to avoid penalties and interest. To meet the deadline, you will need to make sure you have: All income details, including any employment, pension, […]
Dividend Tax Rates Rising in April 2026
What Does It Mean for Profit Extraction? The recent Budget confirmed that dividend tax rates will increase from April 2026. The ordinary and upper rates of dividend tax will both rise by 2%. For many small and medium-sized companies, dividends are central to how owners pay themselves. With the tax rates rising, your pay […]
Looking ahead to 2026
Reflections for business owners With 2025 coming to a close, you may already be starting to reflect on how the year unfolded in your business. Your expectations may have been exceeded in some areas. Perhaps you found a new source of revenue that grew faster than you anticipated, or you had a new customer […]
NCSC Launches Free Cyber Action Toolkit
Practical actions to help businesses boost security The National Cyber Security Centre (NCSC) has launched a new free Cyber Action Toolkit to help small businesses strengthen their cyber defences in a simple and affordable way. The toolkit has been designed for businesses that may not have in-house IT expertise or large security budgets, offering clear, […]
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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