News

Looking to start a new business? You aren’t alone
21 April 2022

The majority of adults will have flirted with the idea of starting a business and becoming the next Branson or Musk. That idea would have been firmly buried for many during the pandemic, but new figures show that nearly 13 per cent of UK adults are running fledgling businesses, according to research...
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R&D Tax Credits – What is changing next year
21 April 2022

Several important changes are happening to research and development (R&D) tax reliefs in April 2023, which could affect what income qualifies for R&D tax relief that businesses need to account for in their plans. These new measures are still being considered by Parliament, but details of the upcoming...
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HMRC to launch new mandatory P87 expenses form
21 April 2022

HM Revenue & Customs (HMRC) is to launch a new mandatory P87 form from 7 May to create a consistent standard for the P87s it receives. What is a P87 form? Workers and their agents can use a P87 form to claim tax relief on work expenses. The form can only be used to claim tax rebates for an employee...
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Big fall in businesses exporting to EU ‘caused by Brexit red tape’
13 April 2022

The number of UK businesses exporting goods to the EU fell 33 per cent to 18,357 in 2021, from 27,321 in 2020, data from HMRC shows. Industry experts said the fall is due to the extra red tape UK businesses must now comply with when exporting to the EU.
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Divided opinion over the introduction of new border import controls
07 April 2022

New post-Brexit rules for imports, due to be implemented on 1 July, have provoked a mixed reaction. A trade body is calling for delay while the British Veterinary Association (BVA) says delays to checks risk allowing infectious animal diseases into the country.
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Brexit leaves shortfall in university-led training projects funding
30 March 2022

The Government has been warned that as many as 164 university-led skills and training projects could be halted or axed due to European funding running out by the end of next year – reducing skills and training support for SMEs. The UK Shared Prosperity Fund (UKSPF) will award £2.6 billion of new funding for local investment...
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£1.1m training fund gives helping hand to UK exporters
24 March 2022

British exporters are being offered a helping hand with a training and consultancy package to help them boost their businesses. They are being given access to a £1.1 million programme to help them trade more effectively overseas.
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Spring Statement 2022
23 March 2022

Exactly two years since the first lockdown was announced, the eyes of the public were firmly fixed on the Chancellor, Rishi Sunak, as he rose to the despatch box in the House of Commons to deliver his Spring Statement. Yet again, Mr Sunak found himself addressing MPs against a background of crisis, with the residual...
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Post-Brexit customs rules eased to allow aid to flow to Ukraine
18 March 2022

The Government has relaxed customs rules for goods heading to Ukraine after aid donations to the embattled country were held up due to Brexit confusion. The rules have been eased after post-Brexit bureaucracy left lorries with supplies meant for Ukraine stuck at the border in Dover for days.
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Are you making the most of super-deduction tax relief?
17 March 2022

Businesses across the UK are already benefitting from the temporary tax relief offered by the super-deduction but many more could still be missing out on this vital support. The super-deduction scheme was introduced on 1 April 2021 and will run until 31 March 2023. It allows firms investing in qualifying plant...
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