Employment Rights Bill Roadmap: What’s changing and when
The UK is on the brink of its biggest employment law reform in decades. The new Employment Rights Bill introduces a sweeping set of changes that will reshape how businesses hire, manage and support their employees.
What HMRC’s tax gap means for SMEs
HMRC’s recent figures reveal a concerning trend that could directly impact your business. The tax gap (the difference between expected and collected revenue) has reached £46.8 billion for 2023/24, representing 5.3% of
Roshan Malla promoted to Partner at Carston ETL’s London office
We are excited to announce that Roshan has been promoted to Partner at our London office. With nearly two decades of experience in the accounting industry, Roshan has built a strong foundation working at both medium and
Director Identity Verification: What you need to know
From 25 February 2025, directors now have the option to verify their identity with Companies House. While initially voluntary, this process will become a legal requirement by late 2026. Here’s everything you need to kn
Autumn Budget 2024
Boxed in by Labour’s manifesto pledges not to increase income tax, employee’s national insurance and VAT, Chancellor Rachel Reeves instead had to raid other taxes, like capital gains tax (CGT), inheritance tax (IHT),
Price of the average house increases in 2024
Demand rises, but supply keeps growth in check. Buyer demand has surged by 20% compared to the previous year, with new sales agreements rising by nearly 25%. The average cost of a UK home reached £266,400 in July, refle
Tax hikes fear trigger asset sell-offs
Investors brace for capital gains tax increase. This “frenzy” of activity comes as concerns mount that the Labour administration will increase taxes to address a £22 billion shortfall in public finances. Wealth mana
Crypto investors urged to review tax obligations
The Chartered Institute of Taxation (CIOT) has emphasised the importance of accurate and up-to-date tax reporting for all crypto-asset owners. Crypto investors in the UK are urged to review their tax obligations as HMRC
New HMRC advisory fuel rates
Updated fuel rates impact UK company car drivers. These rates, which apply to petrol, diesel, LPG, and electric vehicles, are used to reimburse employees for business travel or repay the cost of fuel used for private tra
HMRC cuts late payment interest rates
0.25% reduction for late and repayment interests. The Bank of England (BoE) cut the base rate to 5.0% on 1 August, the first reduction in over four years. HMRC will lower late payment and repayment interest rates for the
