Before the speculation begins, let's look at what we already know. As attention turns to the forthcoming Budget, there will inevitably be rumours about further tax rises, spending decisions and possible changes to allowances. But much of what will affect households, investors and business owners over the next few years has already been announced, with several measures now in legislation. Here is what we know so far: 🔹 April 2026 – Dividend Tax: Rates increased by 2 percentag

John Healey's first Budget, the first of Andy Burnham's government, is best read as a fiscal-tightening event with a high chance of targeted changes rather than a simple rise in headline rates. Three points frame everything else. The room to manoeuvre has shrunk. Headroom against the fiscal rules was above £24bn in March. Since then gilt yields, higher borrowing and new commitments have eaten into it: ITEM Club puts it at just over £10bn, and the Resolution Foundation has sug

If you are employing staff or engaging subcontractors for construction work, you will normally need to register with HM Revenue & Customs (HMRC). Employing staff You must registe#86C6E5r as an employer before your first payday so that HMRC can issue your employer PAYE reference number. This applies even if you are the sole director of a limited company and the company employs only you. You can register up to two months before you intend to start paying yourself or your employ

This checklist is tailored to businesses operating in the United Kingdom, including sole traders, partnerships, and limited companies. Before You Start Trading Business Registration Register as a sole trader with HM Revenue & Customs (if applicable). Register your limited company with Companies House (if applicable). Obtain your Unique Taxpayer Reference (UTR). Set up a business bank account. Register for PAYE if you will employ staff. Assess whether you need VAT registration

If you're a director of a limited company, one of the most important financial decisions you'll make is how to pay yourself. Get it right and you can minimise your tax liability, maximise your take-home income and make the most of available allowances. Get it wrong and you could end up paying more tax than necessary or missing valuable planning opportunities. The challenge is that there is no single answer that works for every director. The most tax-efficient strategy depends

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Limited company expenses are allowable expenses that your business can claim, helping you reduce your corporation tax bill. You subtract...

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Last month, it was announced that next April (1 April 2022) the National Living Wage and the National Minimum Wage are set to increase....

HMRC has updated its guidance for employers on what deductions to make for employees who have more than one student loan plan. If your...

Changes to the normal minimum pension age (NMPA) are set to come into effect from 2028. The Treasury has closed the opportunity for...

HMRC have issued a reminder to employers that in respect of PAYE Real Time Information (RTI) filing, the contractual payment date should...

Many businesses use recruitment agencies to source temporary workers. These agencies may choose to outsource the administrative burdens...

Rishi Sunak delivered his third budget as chancellor to the Commons on Wednesday 27 October 2021 where he announced a series of measures...

Rishi Sunak will deliver his budget and spending review to the Commons this Wednesday and the Chancellor has already announced a series...

The Chancellor, Rishi Sunak, will reveal his Budget and Autumn spending review to the Commons on 27 October 2021, The government spending...

Salary sacrifice arrangements could help lessen employees’ additional tax bills from the rise in National Insurance contributions (NICs)...

The second Budget in 2021 will be announced alongside a spending review on 27 October 2021. With the UK still recovering, what could be...