On 3 March 2026, Chancellor Rachel Reeves presented the government’s Spring Forecast alongside the latest economic outlook from the Office for Budget Responsibility (OBR). As expected, no new tax measures were announced, as the government has committed to holding only one major fiscal event each year. However, the economic forecasts still give us a useful
Content accurate as of 26 November 2025. On 26 November 2025, Chancellor Rachel Reeves presented her second Budget to Parliament. After the tax-raising budget of 2024, it had been hoped by the government that widely applicable tax increases would not be required again in 2025. However, with economic pressures continuing to apply, tax increases have
A step-by-step process for ensuring compliance Verifying your identity at Companies House is a critical step to ensure the security and authenticity of business registrations in the UK. This process protects your details and helps maintain the integrity of the corporate registry. Below, you will find a comprehensive guide detailing the steps and best practices
Typically a company that is a PSC/Person with Significant Control of another company The company will need to appoint a Relevant Officer who will need to verify their identity with Companies House. This Relevant Officer will be responsible for verifying the identity of the RLE on the register and they will need to do so
One of the common questions directors and shareholders of UK subsidiaries ask is whether the company is required to undergo an audit. The answer differs for each business and depends on various factors. A UK subsidiary may require an audit depending on its size, financial position, and the parent company’s structure. While small subsidiaries can
Economic Crime and Corporate Transparency Act 2023 The new Economic Crime and Corporate Transparency (ECCT) Act will give Companies House increased powers to improve the accuracy of information on their registers and to play a significant role in tackling economic crime. Companies House will have more powers to scrutinise and challenge information on the register,
National Insurance (NI) contributions are payments made by employed and self-employed individuals based on their earnings. These contributions, along with NI credits, form a person’s NI history, which affects their entitlement to the state pension and other benefits. Why should you top up your national insurance contributions? To receive the maximum ‘new state pension,’ which
At this time of year, we think about New Year’s resolutions. It is also a good time to start planning your tax affairs before the end of the tax year on 5th April. An obvious tax planning point would be to maximise your ISA allowances for the 2022/23 tax year (currently £20,000 each). You might
For VAT periods starting on or after 01 January 2023 (This will only apply if you submit your returns late or pay late) At a glance You will receive points if a return is late or a payment is late. This means if both are late the points will be doubled. The penalty for late
Welcome to our round up of the latest business news for our clients. Please contact us if you want to talk about how these updates affect your business. We are here to support you! Personal tax planning ahead of April 2022 The costs of keeping the country running through COVID were huge and inflation is
