We have prepared a useful summary of the 2025 Autumn Budget, including details of the immediate and upcoming changes to taxes and reliefs.

From 18 November 2025, Companies House is introducing mandatory identity verification for all UK company directors and persons with significant control (PSCs).

As the US continues to impose tariffs, the ripple effects are being felt across the globe. While these measures primarily target other countries, UK businesses are not immune to the consequences. The impact on our local businesses is significant, from rising costs in the supply chain to shifts in global trade dynamics.

As the new tax year approaches, company directors need to know the best way to pay themselves tax-efficiently. Here’s a simple breakdown

Social media use has increased phenomenally - so fast that regulation is playing catch-up to prevent consumers from being exploited.

Good and loyal employees can be difficult to find and retain in a business. Showing appreciation for them and giving them a gift can help to keep an employee happy.

But if you’re too generous, you could end up having to apply tax to a gift and reporting it to HMRC. HMRC have issued legislation to enable employers to provide employees with trivial benefits, which are exempt from tax and reporting obligations.

Clients often ask us about providing themselves or their employees with a company vehicle. It’s worth having a chat with us before visiting the car showroom.

There are four options for the VAT treatment of road fuel costs.

There is an online tool that allows taxpayers to check if they need to notify HMRC about additional income. The online tool can be found at www.gov.uk/check-additional-income-tax.

The bankruptcy process applies to people living in England, Wales or Northern Ireland. There is a separate process known as sequestration in Scotland. Bankruptcy is a form of insolvency and is normally only suitable for those people who are unable to pay back their debts in a reasonable time. Most applications for bankruptcy are made by those who are in debt, but it is also possible for a person to be made bankrupt.

If you are retiring abroad, you are still entitled to claim your UK State Pension as long as you have built up a suitable amount of qualifying years of NIC contributions. However, your entitlement to yearly increases in the State Pension only apply in certain countries.

Corporation Tax relief may be available where your company or organisation makes a trading loss. A qualifying trading loss may be used to claim relief from Corporation Tax by offsetting the loss against profits in previous years.

The taxable turnover threshold that determines whether businesses should be registered for VAT is currently £85,000. The taxable turnover threshold that determines whether businesses can apply for deregistration is £83,000. The thresholds are currently frozen until 31 March 2026.

In most cases, there is no Capital Gains Tax (CGT) to be paid on the transfer of assets to a spouse or civil partner. There is, however, still a disposal that has taken place for CGT purposes, effectively, at no gain or loss on the date of the transfer. When the asset ultimately comes to be sold the gain or loss will be calculated from when the asset was first owned by the original spouse or civil partner.

The Construction Industry Scheme (CIS) is a set of special tax and National Insurance rules for those working in the construction industry. Businesses in the construction industry are known as 'contractors' and 'subcontractors' and should be aware of the tax implications of the scheme.