Cash Flow Pressure in Early 2026 – Why Profitable Businesses Still Struggle
Despite improving inflation figures, many UK SMEs are entering 2026 under sust ained cash flow pressure. Recent commentary from the Federation of Small Businesses and British Chambers of Commerce highlights a recurring theme: profitability does not guarantee liquidity. Late payments remain a key issue. Larger customers continue to extend payment terms, while SMEs absorb rising […]
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 […]
Employment Law Updates for 2026 – What Employers Must Prepare for Now
Employment compliance should remain a concern for UK businesses, particularly following guidance updates from ACAS and the Health and Safety Executive. While no single reform dominates headlines, the cumulative effect of incremental regulatory change is increasing risk for employers who fail to stay current. One area under scrutiny is flexible working. Updated ACAS […]
Getting Ready for Making Tax Digital
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 […]
Corporation Tax Planning in 2026 – What SMEs Should Review Before the New Financial Year
At this time of year, many UK businesses are entering a crucial planning window for corporation tax. While the headline corporation tax rate has remained stable following the Autumn Budget 2025, HMRC guidance issued over the past month has reinforced how effective tax planning, rather than rate changes, will define tax outcomes in the coming […]
Tax E-Newsletter – February 2026
We welcome you to the February edition of our Tax Newsletter. We hope that you find this informative. Please contact us if you wish to discuss in more detail any of the points highlighted. THERE’S STILL TIME FOR SOME YEAR END TAX PLANNING! With the tax/financial year end approaching, now is a good […]
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 […]
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, […]
The Customs Cliff: Preparing for the End of Low-Value Import Relief
UK importers and e-commerce platforms must urgently rethink their supply chain strategies following the 2025 Budget decision to abolish the £135 customs duty relief for low-value imports. Currently, goods imported into the UK with a value of £135 or less are exempt from customs duty—a relief that has contributed to a surge in small parcel […]
The Employment Rights Act 2025: Navigating Post-Royal Assent Compliance
The UK employment landscape has been fundamentally reshaped by the Employment Rights Act 2025, which received Royal Assent on 18 December 2025. While the Act paves the way for a two-year implementation period, January 2026 is a critical month for HR departments to engage with final consultations that will define the practicalities of day-to-one rights […]