Making Tax Digital

How to financially prepare your business for 2026 tax changes

How to financially prepare your business for 2026 tax changes

With 2026 on the horizon, many businesses are starting to consider how upcoming tax changes could affect their financial position. From potential adjustments to corporation tax and capital allowances to evolving rules around digital reporting and environmental levies, preparation is key. Taking a proactive approach now can help businesses manage their obligations, protect cash flow…

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750 400 Lorna Slee
HMRC tightens late payment penalties and boosts enforcement in April 2025
HMRC tightens late payment penalties and boosts enforcement in April 2025

HMRC tightens late payment penalties and boosts enforcement in April 2025

As of April 2025, HMRC has implemented significant changes to its late payment penalty regime, aiming to enhance compliance and ensure timely tax payments from UK businesses. Increased late payment penalties Under the revised system, penalties for late VAT and Income Tax payments have escalated: 16 to 30 days late - A penalty of 3%…

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750 400 Lorna Slee
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