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Spring Statement 2026

3 minutes to readSpring Statement 3 March 2026: Is that it? The Chancellor, Rachel Reeves, delivered her Spring Statement on 3 March 2026. Despite repeated confident assertions that the government had the “right economic plan”, good news on the economy was thin on the ground. Unemployment is expected to rise to 5.3% later this year, and the Office …

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Digital by default: HMRC ends letters for most taxpayers

< 1 minute to readFrom spring 2026, taxpayers who use HMRC’s online services will receive email or app notifications to view, print or download correspondence. Letters will be found within their secure Personal Tax Account (PTA) or the HMRC app. This is part of the shift to digital communications that aims to improve the speed and security of HMRC’s …

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Changes to lease reporting from 1 January 2026 for SMEs

< 1 minute to readMajor amendments to the set of rules and standards for financial reporting for businesses in the UK come into force from 1 January 2026. These include changes to the reporting of lease agreements and how revenue is accounted for under FRS 102, FRS 102 Section 1A, and FRS 105. What is changing? Generally, business reporting …

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Autumn Budget

6 minutes to readChancellor Rachel Reeves’s second Budget was making headlines before she even stood up, thanks to an unprecedented “technical error” by the Office for Budget Responsibility (OBR) which led to documents being published early. Thanks to that OBR leak, the press and other keen Budget watchers such as ourselves already knew the headline details: frozen tax …

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Making Tax Digital for Income Tax – get ready now

4 minutes to readIn June of this year, we outlined the ‘who, what and why’ behind Making Tax Digital for Income Tax – the overhaul in the way taxpayers, agents and HMRC link and feed information to each other: It’s happening – Making Tax Digital for Income Tax HMRC is now running a campaign with letters and advertising …

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Making Tax Digital for Income Tax exclusions – apply now

3 minutes to readHMRC is now accepting applications for exemption from Making Tax Digital for Income Tax (MTD for IT) if you qualify as ‘digitally excluded’. To be exempt on the grounds of digital exclusion, an application has to be made to HMRC and approved by them. What is digital exclusion? Looking at HMRC’s definition and the current …

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Important changes: Companies House identity verification

3 minutes to readFrom 18 November 2025, changes are being introduced by Companies House as part of the Economic Crime and Corporate Transparency Act 2023. These changes aim to enhance corporate transparency and combat economic crime by requiring all directors, People with Significant Control (PSCs), and those filing on behalf of companies to verify their identities with Companies …

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Scrapped – Making Tax Digital for Corporation Tax

< 1 minute to readHMRC has announced that Making Tax Digital for Corporation Tax (MTD for CT) will not be introduced. Corporate tax draws in very small owner-managed businesses on one side, and large multinational enterprises on the other. In between are a myriad of entities, so any change to the corporation tax system needs to be right for …

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