Compliance Check

HMRC Urges 758,000 Young People to Claim Unused Child Trust Funds; Prime Minister’s Labour Conference Focuses on Immigration Policy and Education Reform; Packaging Tax Increases Cost Pressures, UK Food Inflation May Rise by Another 0.5%

Many UK business owners will already be aware of upcoming compliance changes. Companies House has confirmed that identity verification will soon be compulsory for company directors and persons with significant control (PSCs). This month, the agency officially announced the implementation date. From 18 November 2025, company directors and PSCs will be required to provide a personal code when filing registration documents.

Fast fashion giant Shein has delivered a striking performance in the UK market. In 2024, its sales surged by 32.3% year-on-year to surpass £2.05 billion (around USD 2.77 billion). This result has already pushed Shein ahead of Boohoo and close to overtaking Asos. The figures come from a report filed by Shein’s UK subsidiary with Companies House, revealing how it has managed to win over millions of fans in one of the world’s most competitive retail landscapes.

The new regulations impose high-frequency, high-dimensional reporting obligations on platforms. They also introduce automatic identity and transaction data matching for sellers—signalling the end of the grey-area practices involving offshore platforms, offshore income, and missing declarations. Given the situation, many have wondered – does Hong Kong still offer a low-tax advantage for businesses?

Recently, the Department for Work and Pensions (DWP) issued a new statement announcing that, due to a historic state pension error, over 130,000 individuals have received a total of approximately £800 million in backdated state pension payments.

Since UK company registration requires a real, compliant UK address, this has become a major headache for some business owners.We’ll discuss what to do if your UK company’s registered address is disputed or deemed non-compliant—and how overseas business owners can still register a UK company without a physical address in the country.

For business owners, one of the most stressful events is likely a surprise visit from the tax office without any prior notification.

In the past decade, the UK tax authority (HMRC) has frequently conducted surprise audits, with the rate of this increasing each year.

With the conclusion of the UK general election, the Labour Party has become the ruling party and introduced a series of new fiscal measures.

We often encounter clients who are confused about their tax obligations, particularly when it comes to income earned overseas.

Today, we’re going to delve into a common misconception that many people have when it comes to VAT registration and thresholds.

Today, we would like to issue an important reminder to landlords, as well as to anyone considering entering the rental market.

Many of our clients have asked us – how do you set up a company in the UK?

Luxury foods in the UK are usually subject to the standard rate of VAT at 20%.  So, what foods are considered luxury items?

Will HMRC know if I have secretly earned extra money? How does HMRC track your income? How should I manage my additional income?

We recently handled a case which we’d like to share with you.  It’s regarding the investigation of an individual’s overseas income.

HMRC recently launched a tax evasion crackdown on takeaway shops which were alleged to have altered their sales figures!

50 KFC stores in the UK entered a dispute with HMRC over incorrect VAT payments, leading to a court case which ruled in HMRC's favour.

If you’ve walked through the Clapham area of South London, you might have noticed a large billboard from Waitrose supermarket.

In the UK, all football players who sign contracts with clubs are considered employees, so players must pay taxes directly to the HMRC.