Simplification of the VAT Capital Goods Scheme
The UK government has introduced simplification measures to the VAT Capital Goods Scheme (CGS), aiming to reduce administrative burdens for businesses. Key Changes Removal of Computers: Computers will no longer be included in the CGS, simplifying VAT adjustments for these assets. Increased Threshold: The capital expenditure threshold for land, buildings, and civil engineering works will […]
New neonatal care law now in force
Are you ready to respond to requests? The Neonatal Care (Leave and Pay) Act 2023 came into force on 6 April 2025. This law provides a new leave and pay entitlement for parents with a baby in neonatal care. Depending on how long their baby is in neonatal care, parents will now have the right […]
New Companies House ID Checks
What they mean for you From 8 April 2025, Companies House has launched a new identity verification system as part of changes under the Economic Crime and Corporate Transparency Act 2023. If you’re a director, person with significant control (PSC), or someone who files on behalf of a company, this applies to you. […]
Streamlining Operations: Embracing Digital Transformation
In today’s fast-paced business environment, digital transformation is no longer a luxury but a necessity for UK businesses of all sizes. Embracing technology can streamline operations, enhance efficiency, improve customer engagement, and ultimately drive growth. Recent advancements in cloud computing, artificial intelligence (AI), and automation offer unprecedented opportunities for businesses to optimise their processes and […]
Navigating the Evolving Landscape of Employment Costs
The costs associated with employing individuals are a significant factor for all UK businesses, and recent developments continue to shape this landscape. From changes in National Insurance thresholds to ongoing discussions around the National Minimum Wage and the complexities of employee benefits, staying informed is crucial for effective financial planning and compliance. Understanding these nuances […]
4 Strategies to Help You Weather the US Tariff Increases
There may be opportunities ahead The US tariff saga has caused turmoil across global financial markets. Even though the UK’s main rate is a relatively low 10% (25% on British cars), many are concerned about what the effects will be on global supply chains, pricing and business confidence. What could this all mean for your […]
Pensions, tax relief and the High Income Child Benefit Charge
Base rate cut to 4.5%
Three business rates agents suspended by VOA
Businesses urged to be cautious The Valuation Office Agency (VOA) have announced the suspension of three business rates agents. The suspension of Rateable Value Experts and Re-Rates UK was announced on January 2nd. Rate Masters Limited trading as ‘My Rates’ were suspended on January 22nd. The VOA have not specified the exact […]
What size of company are you?
The size of company determines accounting disclosures required and whether or not a statutory audit is required. From 6 April 2025 the monetary thresholds to define the size of a company are changing. The table below sets out the new size thresholds that will be met for a financial year if any two of the […]