The lifeblood of any start up business, or any business, is its ability to collect cash and pay bills as well as pay its employees, particularly its owners. Far too often small businesses are profitable, but they do not have enough operating capital to meet their...

National Insurance contributions (NICs) and the three dividend tax rates will all increase 1.25% from April 2022 to pay for the social care system in England.  This social care package will be funded through a new UK-wide health and social care levy, which is expected...

The stamp duty land tax holiday in England and Northern Ireland has come to an end, more than 14 months after it first came into effect.  The tax break saw most buyers who purchased residential homes for £500,000 or less pay no stamp duty land tax until 30 June 2021,...

Millions of trustees need to register details of their trusts before next autumn, following the launch of a new trust registration service.  The service was originally announced in draft form in 2017, at a time when it would only have applied to taxable-relevant...

The Government is being urged to introduce a new road-pricing system, because the increasing popularity of electric vehicles risks leaving a £30 billion hole in public finances each year. Research submitted by the Tony Blair Institute for Global Change called for a...

The scheme rules for the Live Events Reinsurance Scheme have been published by the Department for Digital, Culture, Media and Sport (DCMS). On 5 August 2021, the government announced that it is partnering with insurers to offer a cost indemnification insurance scheme...

In the Spring 2021 Budget the Chancellor announced a number of areas to be designated as Freeports. Those areas would have a number of direct and indirect tax advantages for businesses located there. Among those advantages is relief from customs duty and the ability...

Businesses will have an extra year to prepare for the digitalisation of Income Tax, HM Revenue and Customs (HMRC) announced on 23rd September 2021. Recognising the challenges faced by many UK businesses and their representatives as the country emerges from the...

Uk businesses expect a gradual recovery in sales, investment and employment during the second half of 2021. Respondents to the August survey expected UK sales to grow by 12% on average over the next year. The latest Agents' summary of business conditions was published...

When starting a business you will have to deal with income or corporate taxes. The taxation legislation is extensive and can be confusing for an individual starting a business. A Chartered or Certified Accountant should be consulted when you are dealing with the...