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VAT – capital goods changes: what to look out for

2 minutes to readVAT-registered businesses that incur VAT on capital expenditure should be aware of new rules that came into force on 29 July 2026. These Capital Goods Scheme (CGS) changes aim to simplify the administration of VAT and reduce the weight on small businesses that have had to make CGS calculations. Assets currently covered by the scheme …

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Great British Summer Savings VAT discount ends

< 1 minute to readThe Great British Summer Savings VAT discount scheme ends tomorrow. To avoid problems with VAT returns, businesses that took part need to make sure that till systems revert to 20% at midnight on Tuesday 1 September. The government started this initiative at the end of June to help families with the cost of living over …

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Spring Statement 2025- comment & summary

4 minutes to readThe Chancellor, Rachel Reeves, was keen to remind us that today’s announcements were not a Budget, and that the Spring Statement did not raise any taxes for “working people”. Whilst that was a relief for many taxpayers, a closer examination of the documents published alongside the Spring Statement reveals a raft of tax announcements. Administration …

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