As a business owner, navigating corporate regulations can sometimes feel like a maze of paperwork. However, a recent high-profile case serves as a stark reminder of why compliance, transparency, and strict adherence to director responsibilities are non-negotiable in...
The India–UK Free Trade Agreement (FTA)comes into force on 15 July 2026, marking a major milestone in strengthening trade and investment between the two countries. The agreement is expected to boost bilateral trade by £25.5 billion annually, creating significant...
HMRC Announces Temporary VAT Reduction HMRC has announced a temporary reduction in the VAT rate from 20% to 5% on qualifying children’s meals supplied by restaurants, cafés and similar establishments. The reduced rate will apply from 25 June 2026 to 1 September...
For many owner-managed businesses, involving a spouse in the company structure can be an effective way to utilise personal allowances and optimise the family’s overall tax position. However, while paying dividends to a spouse may seem like a simple planning strategy,...
As a general rule, VAT cannot be recovered on goods or services that are intended for personal use. Where a business incurs expenditure and those goods or services are subsequently used privately, this is treated as a taxable self-supply, meaning VAT may need to be...
