As we move further into the digital age, many industries are gradually abandoning paper-heavy administrative processes in favour of streamlined, digital solutions. HMRC first introduced the concept of Making Tax Digital (MTD) in 2015, with the aim of phasing out paper-based tax returns and shifting to digital submissions via approved software — ushering in a system of real-time tax.

All companies operating in the UK must be registered with Companies House. Once registered, they are required to submit an annual Confirmation Statement and Annual Accounts, which help the public, investors, and government assess a company’s financial health and operations.

Changes to Employee Benefits and Key New Regulations for Businesses and Individuals. Whether you're self-employed or run a limited company, the 2025/26 tax year brings several important changes—impacting Employer National Insurance Contributions (NICs), minimum wage rates, company size thresholds, and Capital Gains Tax (CGT), among others.

Selling homemade food in the UK is subject to regulatory oversight, just like opening a restaurant. You must obtain the necessary certifications, fulfil your tax obligations, and may even be eligible for tax relief.

UK Prime Minister Sir Keir Starmer Paid £54,718 in Tax Last Year. Inflation continues to fall, more interest rate cuts are expected this year. Number of payrolled workers in UK fell by 78,000 ahead of budget tax rise