Mary Schofield

‘National Payroll Week’ runs from 1st - 5th of September 2025 and is a celebration of those individuals who help to get the nation paid on time.

The sale of your business to an Employee Ownership Trusts (EOTs) can be a tax free transaction if structured correctly. Given the potential changes to Business Asset Disposal Relief (BADR) this could be a more attractive proposition from a tax perspective.

Capital gains tax seems certain to be more onerous after the forthcoming Budget, says Mary Schofield.

The Chancellor should use her Autumn Budget to make off-payroll working rules 'fairer and more effective', according to the Association of Independent Professionals and the Self-Employed (IPSE).

The introduction of the new merged R&D tax relief scheme from 1 April 2024 has attempted to clarify the rules surrounding subcontracting expenditure.

As the number of companies benefiting from the Research and Development (R&D) Tax Credit system has grown, so have HMRC's efforts to prevent erroneous claims.

As part of the Autumn budget the Chancellor, Rachel Reeves announced that the government would “abolish the non-dom tax regime and remove the outdated concept of domicile from the tax system”.

Changes to capital allowances rules have for many years been a prominent feature of the annual announcements from the Chancellor, generating endless rate changes and transitional measures. These yoyoing rules and thresholds have made it particularly difficult for businesses to plan tax efficiently for capital expenditure.

Last week, HMRC published their draft rules and restrictions on contracted-out R&D and overseas workers. Overseas expenditure draft guidance has remained relatively similar to its original however there has been some significant and promising changes to contracted-out R&D compared to previous communications from HMRC.

HMRC is currently scrutinising claims for R&D tax relief, following increased media attention and parliament focus. The government has recently made its first steps towards reforming the R&D tax relief scheme, but the biggest changes are due to come into force on 8 August 2023.

For UK start-ups and small enterprises, the Chancellor significantly reduced R&D Tax Credits in his Autumn Statement.

If you are considering the purchase of a new car for your business then you may want to think about the benefits of an electric or ultra-low emissions vehicle (ULEVs).