Should I deregister for VAT if my business shrinks?
Over the next 12 months, many businesses will contract as economic pressures grow.
Over the next 12 months, many businesses will contract as economic pressures grow.
The Autumn Budget is just around and while the uncertainty continues to grow around potential tax increases and further reform, you and your business should maintain a business-as-usual approach.
The UK’s inflation rate remained at 3.8% for the second consecutive month, keeping costs at a similar level.
Energy regulator Ofgem has confirmed energy costs will increase by two per cent. The new cost cap will take affect from October and last for the rest of 2025.
The Bank of England has dropped its base rate again, now sitting at 4.25 per cent.
As of 6 April 2025, late tax payments are now subject to an 8.5 per cent interest rate, following an HMRC update that ties rates more closely to the Bank…