Businesses across the UK’s hospitality and leisure sector are preparing for significant financial pressure as reforms to business rates take effect from April. Seasonal attractions, hotels, pubs and restaurants are expected to see notable increases, raising fears of higher prices, reduced staffing and potential closures. Industry analysis suggests that popular festive destinations and visitor attractions...
The Treasury has confirmed plans to introduce new legislation that will bring cryptocurrency firms under the oversight of the Financial Conduct Authority from 2027. The proposals aim to regulate digital assets such as Bitcoin in a similar way to traditional financial products, strengthening consumer protection and improving market transparency. Ministers say the move will help...
Why HMRC Compliance 2026 Matters for Every Business As the UK continues to strengthen financial transparency and digital reporting, HMRC compliance 2026 is set to be one of the most important updates for small businesses, landlords, contractors, and limited companies. HMRC has already increased its focus on digital audit trails, accurate record-keeping, and real-time data....
EY and two member firms are under investigation by the Financial Reporting Council (FRC) for issuing auditor reports without proper approval. The audit watchdog said reports were issued to unnamed entities without proper approval from a senior statutory auditor. The FRC’s Conduct Committee decided to open the investigation in July and it will be conducted...
Chancellor Rachel Reeves says she and Prime Minister Keir Starmer collaborated closely on the Budget and the Government’s tax plans, saying: “We took him through all of the numbers and options and we decided it together as a team.” This came as MPs on the Treasury Committee quizzed the Chancellor on the decision not to...
Kunal Shah, co-head of Goldman Sachs International, has warned that uncertainty over tax and regulation is hindering small businesses, saying the concerns are causing companies to hesitate on investments and hiring. Noting the impact of the tax burden in the UK, he said the recent Budget “was a focal point for everyone to see again...
Rob Perrins, executive chairman of housebuilder Berkeley Group, has urged the Bank of England to reduce interest rates to 3% by March. He argues that the current rates are too high and hinder economic growth. Mr Perrins noted that speculation around tax hikes ahead of the recent Budget had dampened demand for new homes. He...
As Christmas approaches, HMRC has advised those earning extra income through side hustles that they should be aware of their tax obligations. The tax office has reminded earners to declare income exceeding £1,000 per tax year to avoid penalties. While selling personal items typically does not require reporting, significant sales may incur capital gains tax....
Research for AXA Commercial shows that 77% of UK adults believe the Government should provide more support for small businesses. The poll, involving 2,000 participants, identified cuts to business rates, lower energy costs and reduced corporation tax as the measures people most want implemented to support small firms. Respondents also backed reducing red tape, simplifying...
With savers potentially facing tax charges on cash held in stocks and shares ISAs, investment experts have urged Chancellor Rachel Reeves to reconsider the reforms. The recent Budget reduced the cash ISA allowance to £12,000 while maintaining the stocks and shares limit at £20,000. Experts have voiced concern that temporary cash holdings could lead to...
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Copyright by CareAccountancy. All rights reserved.
