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UK Business and Finance Update: May 2026 Three separate stories are worth paying attention to this month. Energy costs for manufacturers are being addressed with an expanded government scheme. The Help to Buy scheme has been the subject of a critical IFS review. And...
Practical steps to get ready for the new reporting rules. Making Tax Digital for income tax (MTD IT) starts from 6 April 2026 for sole traders and landlords with qualifying income over £50,000. For many businesses and property owners, the change is less about extra...
UK pay growth slows to five-year low Pay growth in the UK has slowed to its weakest level in more than five years, according to the latest figures from the Office for National Statistics. Average earnings, excluding bonuses, rose by 3.8% in the three months to...
Simple ways to reduce tax on savings. ISAs and pensions remain two of the simplest ways to keep savings and investments tax efficient in the UK. Used together, they can help you build short-term flexibility and longer-term retirement security, without tying everything...
What online sellers must record and report. Online selling can scale quickly. That’s good for revenue, but it puts pressure on records, VAT decisions and how you report to HMRC. It also changes how your transactions “look” on paper. Instead of one sales ledger and one...
Vulnerable taxpayers face growing risks as the continued freeze on the personal allowance is expected to push around 780,000 low-income earners into the tax system by 2029/30. Many will be people earning only slightly above the minimum wage, often working zero-hours...
The Spring Forecast 2026 centres on the Office for Budget Responsibility’s (OBR) updated Economic and Fiscal Outlook, and the Chancellor’s speech. Unlike a full fiscal event, this publication does not introduce a wide-ranging package of new tax measures. Instead, it...
Paying yourself this year. Paying yourself from your business sounds simple until you start weighing up salary, dividends and pensions, and how each one affects your take-home pay. The “best” answer also shifts depending on profits, cashflow and what else is going on...
What directors need to do. Companies House has started rolling out mandatory identity checks for directors and people with significant control (PSCs). These checks form part of a wider programme of Companies House reform under the Economic Crime and Corporate...
EV discounts strain market growth The UK new car market reached a significant milestone in 2025, with registrations exceeding two million for the first time since the pandemic began. A total of 2,020,373 new cars were registered, marking the third consecutive year of...