Autumn Budget 2024

Autumn Budget 2024

The Autumn Budget was announced on 30th October 2024, after extensive speculation surrounded it.  The Budget is said to increase taxes by £40bn, which is an additional 3.7% to what was raised in 2023/24 tax year. Here’s some highlights that we think are pertinent to...
Understand VAT: A Guide for UK Businesses

Understand VAT: A Guide for UK Businesses

If you operate a business, chances are you’re going to come across VAT at some point.  This article discusses all things VAT, to cut through the noise and help to make it make more sense.  The VAT legislation is incredibly complex, but here we’re going to cover the...
Tax Deductible Business Expenses

Tax Deductible Business Expenses

What is a business expense?  There are a lot of costs involved with running a business, from advertising to raw materials, stock and professional fees – a whole plethora. It’s important to know what you can claim as a tax deductible expense in your business, so you...