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If your business is located in England or Wales, you can now view the future rateable value of your property. The Valuation Office Agency (VOA) has completed updates to the rateable values of all commercial and non-domestic properties across England and Wales. These new values will come into effect on 1 April 2026. Revaluations are carried out every three years to reflect changes in the property market. Local councils then use these values to calculate business rates bills. It’s important to note that a rateable value is not the same as the amount you will pay, as your bill is [...]

Charity trustees in England and Wales now have new legal powers when considering moral payments: payments made because there is a moral rather than strictly legal obligation to transfer some of a charity’s property. This is the final provision in Charities Act 2022 to come into effect. Few charities encounter situations where a moral payment is relevant. Typically, these arise in cases involving legacies where there is evidence that a person’s will does not reflect their final wishes. Key Changes to Moral Payments The Charity Commission has updated its guidance to help trustees navigate these changes. The main changes, which [...]

The government has recently convened trade unions and business representatives to discuss the Employment Rights Bill. These discussions have resulted in agreements that will help the Bill progress to Royal Assent and enable the proposed changes to take effect as planned. Key Decisions Agreed Unfair dismissal qualifying period reduced: The qualifying period for unfair dismissal claims will be shortened from 24 months to six months. Existing day-one protections against discrimination and automatically unfair dismissals will remain in place. Day-one rights: From April 2026, employees are expected to gain day-one entitlements to sick pay and paternity leave. Fair Work Agency: The [...]

With Christmas on the horizon, many food businesses are preparing for one of their busiest trading periods of the year. As part of its ‘Safer Food Means Better Business’ initiative, the FSA is providing free training, checklists and practical guidance designed to help small and micro businesses maintain strong food safety and hygiene standards. Extra Attention Needed at Christmas The festive period often places additional pressure on food businesses. Increased customer demand, wider menu offerings and the reliance on temporary or seasonal staff can all heighten the chances of errors – particularly in areas such as food handling, allergens and [...]

With just a few weeks remaining until new EU import rules on traceability come into force, businesses involved in the seafood industry are being encouraged to prepare now. The changes come into force on 10 January 2026, and will affect anyone involved in catching, buying, processing and selling fish destined for EU markets. Without the additional information needed for the Fish Export Service (FES), it will not be possible to export fish and seafood products. What’s Changing From 10 January 2026, if you export seafood products that have been caught by a UK vessel and processed in the UK after [...]

The government has announced plans for a new levy – the High-Value Council Tax Surcharge (HVCTS) – aimed at owners of residential properties in England worth £2 million or more. This surcharge is scheduled to take effect in April 2028, with a public consultation on the detailed rules set to take place in early 2026. At present, HVCTS will apply only to residential properties in England. It is not yet clear whether the devolved governments in Scotland, Wales or Northern Ireland will introduce similar measures. Not Linked to Existing Council Tax Bands Government information released after the Budget confirms that [...]

The recent Budget confirmed that dividend tax rates will rise from April 2026, with both the ordinary and upper rates increasing by 2%. For many small and medium-sized companies, dividends remain a key method for owners to draw income. With higher tax rates on the way, it’s likely that your approach to pay and profit extraction will need re-evaluating for the 2026/27 tax year. What Exactly Is Changing? From April 2026: The dividend ordinary tax rate will increase from 8.75% to 10.75%. The dividend upper tax rate will rise from 33.75% to 35.75%. The dividend additional rate will stay at [...]

The deadline for submitting your 2024/25 Self Assessment tax return is drawing near. To prevent penalties and interest, you must file your return and settle any tax owed by 31 January 2026. To ensure you meet the deadline, you should have: Full details of all income received, including employment, pension, self-employment, dividend, rental and savings income. Records of any allowable expenses and reliefs you intend to claim. Information regarding pension contributions or any charitable donations. Completing your return ahead of time not only avoids last-minute pressure but also allows you to review your figures carefully and plan for any upcoming [...]

The Chancellor has issued a formal letter to the Bank of England’s Monetary Policy Committee (MPC), reaffirming the UK’s 2% inflation target for the next 12 months, measured using the Consumer Prices Index (CPI). In the correspondence, the Chancellor notes that inflation has dropped markedly from its October 2022 high of 11.1%, with underlying price pressures continuing to ease. He also emphasised that measures announced in the recent Budget are forecast to reduce inflation by approximately 0.4 percentage points in 2026–27. Although confirming the MPC’s target is largely a continuation of the existing approach, it does offer ongoing certainty for [...]

For 2026/27, the annual investment allowance (AIA) will remain at £1 million and the full expensing regime will be available to companies. The rate of writing down allowance (WDA) applicable to qualifying capital expenditure in the main rate pool will drop from 18% to 14% on 1 April 2026 for companies and 6 April 2026 for unincorporated businesses. Businesses with an accounting period that spans the date of change must use a hybrid rate. There are no plans to alter the 6% rate of WDA for qualifying expenditure in the special rate pool. For qualifying expenditure incurred on or after [...]