HM Revenue and Customs (HMRC) has acknowledged an error it made when publishing Valued Added Tax (VAT) figures that may impact the provisional 2025 to 2026 year-to-date receipts.
Most business owners who are required to get an audit will likely be aware that there have been plans to reform the way that audits work for many years.
Small and Medium Enterprises (SMEs) are finding the current economic climate challenging, with many reluctant to invest for fear of losing their business entirely.
As the UK economy continues to be held back by the anticipation of the Autumn Budget, it can feel like many businesses are not able to invest or grow at the moment.
If you are about to start your business or are currently running a small business, it is important that you understand your tax obligations and when you need to pay them.
AI is rapidly becoming a part of every aspect of life and business and you may have been implementing your own AI services to make life easier.
For the second consecutive month, inflation in the UK has stayed at 3.8 per cent which effectively means general costs have stayed at the same price.
There’s plenty of pessimism about the UK jobs market at the moment, but not every change is a bad omen.
The way pay-as-you-earn (PAYE) taxpayers can make a pension tax relief claim has changed with HM Revenue and Customs (HMRC) confirming all claims must be made online or by letter and include supporting evidence.
Given the major changes to Companies House, Making Tax Digital (MTD), and various other regulations in a short space of time, it is no wonder that business owners can be feeling a bit confused about their current obligations.