Making Tax Digital for Income Tax: One Year to Go The UK tax landscape is on the cusp of a significant transformation. Starting 6 April 2026, sole traders and landlords with annual gross income exceeding £50,000 will be required to comply with Making Tax Digital (MTD) for Income Tax . This initiative aims to modernise […]
Blog
What are CDC pensions?
May 14th, 2025
The UK government is introducing a significant shift in pension schemes with the expansion of Collective Defined Contribution (CDC) pensions. This move aims to provide more predictable retirement incomes while reducing risks for future pensioners. What Are CDC Pensions? CDC pensions are a hybrid between traditional Defined Benefit (DB) and Defined Contribution (DC) schemes. In […]
R and D funding
May 9th, 2025
The UK government has announced a record-breaking £13.9 billion in research and development (R&D) funding for the coming year. This major investment is designed to drive innovation, create quality jobs, and support long-term economic growth across the country. A large share of the funding, amounting to £8.8 billion, has been allocated to UK Research and […]
Regulatory Changes Impacting UK Small Businesses
May 8th, 2025
Alongside tax reforms, HMRC’s Spring 2025 update introduces a variety of regulatory changes that will affect how small businesses operate and interact with government systems. Here’s what’s new: 1. Cultural Gift Scheme Reform Updates to the Cultural Gift Scheme will remove restrictions on jointly owned objects and allow more flexibility in how tax credits are […]
Spring 2025 Tax Reforms – What UK Small Businesses Need to Know
May 6th, 2025
The Spring 2025 Tax Update brings a series of reforms aimed at simplifying tax administration and reducing burdens for UK businesses. Here’s a breakdown of the key changes: 1. Capital Goods Scheme Simplification The government plans to simplify the Capital Goods Scheme by removing computers from the assets it covers and increasing the capital expenditure […]