Insights

Our tax and accountancy experts give their views on the latest news and events affecting business owners in the UK.

Tax tips Rebecca Priddle Tax tips Rebecca Priddle

Summer tax briefing 2026

There's plenty to keep an eye on this quarter. Mileage allowances have gone up for the first time in 15 years, director reporting requirements have changed, and there's a temporary VAT reduction landing in June that could affect your pricing. We've pulled together everything you need to know in one place.

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FAQs Rebecca Priddle FAQs Rebecca Priddle

What's PAYE?

PAYE is the system HMRC uses to collect Income Tax and National Insurance from employment income. Here's how it works for limited company directors and their staff.

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FAQs Rebecca Priddle FAQs Rebecca Priddle

What's are capital allowances?

A capital allowance lets your business claim tax relief on equipment, vehicles and other assets. It reduces your taxable profit in the year you make the claim.

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FAQs Rebecca Priddle FAQs Rebecca Priddle

What's taxable profit?

Taxable profit is the figure your tax bill is calculated on. It's your income minus the business expenses HMRC allows you to deduct.

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