by Michele Fensom | Jun 23, 2025 | General
The government has announced the reinstatement of Winter Fuel Payments for pensioners in England and Wales for winter 2025–26, reversing the previous year's cuts. Around nine million pensioners are expected to benefit from this decision, with payments of...
by Michele Fensom | Jun 19, 2025 | Value Added Tax
Streamline your VAT reporting with fewer returns and smoother cash flow. The Annual Accounting Scheme makes VAT easier to manage for eligible small businesses. The VAT Annual Accounting Scheme is designed to simplify VAT reporting for smaller businesses with an annual...
by Michele Fensom | Jun 19, 2025 | Corporation Tax
Corporation Tax rises with profit levels. Marginal relief bridges the gap, easing businesses from the 19% small profits rate to the 25% main rate. The Corporation Tax Main Rate applies to companies with profits exceeding £250,000 and is currently set at 25%. For...
by Michele Fensom | Jun 19, 2025 | General
The government’s 2025 Spending Review outlines a major funding boost for healthcare, defence, housing, and infrastructure to support long-term recovery and growth. The 2025 Spending Review was published on 11 June 2025 and outlines the government's plans to...
by Michele Fensom | Jun 19, 2025 | Income Tax
Once your income passes £100,000, your tax-free allowance starts to shrink. Between £100,000 and £125,140, the effective tax rate climbs to 60%, but smart planning can help. If you earn over £100,000 in any tax year your personal allowance is...
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