Insights
Our tax and accountancy experts give their views on the latest news and events affecting business owners in the UK.
Autumn tax briefing 2026
There are a few tax changes happening this quarter. Making Tax Digital auto-registration, an HMRC error that means you may have overpaid and gaps in National Insurance payments, all need your attention. We’ve got the details covered for you here…
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.
What is National Insurance and do I have to pay it?
National Insurance is a tax on earnings and profits that funds the NHS and your State Pension. Here's how it works and who has to pay it.
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.
What's the Annual Investment Allowance?
The Annual Investment Allowance lets most businesses deduct 100% of qualifying asset costs from taxable profit in the year of purchase, up to £1 million.
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.
What is VAT - and do I need to pay it?
VAT is a tax on most goods and services, and UK businesses must register and charge it if their VAT-taxable turnover exceeds £90,000 in a 12-month period.
What’s Corporation Tax?
Corporation Tax is a tax on company profits in the UK, charged at 25% for most companies, with reliefs and thresholds depending on profit levels.
What happens if I don’t plan for tax?
Without tax planning, business owners often face cash flow pressure, missed allowances and unexpected tax bills that limit confidence and long-term financial control.
What expenses can a business claim?
UK businesses can claim expenses that are incurred wholly and exclusively for business purposes, with eligibility depending on use, evidence and HMRC rules.