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Companies House just recently said that its fees will be going up starting May 1, 2024. Businesses and accountants have had a range of reactions to this decision, which has led to a lot of debate and talk about what the fee hike means. Fee Increase Details The changes to fees affect many of the… Continue reading Companies House Fees Increase: Our Analysis on this Move

The chancellor gave his last spring budget before the election. It included changes to the tax system that are meant to make it easier to understand, more fair, more in line with changes in the economy, and better able to support public funds. Again, we need to have a number of talks, and more details… Continue reading The Spring Budget 2024: Key Insights and Analysis

In today’s globalized economy, businesses are rapidly expanding globally in search of new markets and opportunities. Singaporean companies, recognized for its dynamic and inventive attitude, frequently consider expanding into the United Kingdom (UK). However, such expansions are subject to a variety of concerns, including taxation, which can have a major impact on a company’s profits.… Continue reading Tax Implications for Singaporean Companies in the UK

A major change has occurred in UK company law with the royal assent of the Economic Crime and Corporate Transparency Act on October 26, 2023. By enacting this legislation, Companies House is given the authority to actively fight against economic crime and promote economic progress. The purpose of the amendments made by this law is… Continue reading Latest Amendments to UK Company Law

In the UK, there will be new tax regulations regarding internet platform reporting starting in 2024. Uber will need to begin obtaining all required tax information from new drivers who download the app on January 1, 2024. Uber will provide HMRC with this information regarding these drivers on January 31, 2025. The drivers who registered… Continue reading How will Uber share information with HMRC as per recent changes, effective January 1, 2024?

Beginning on January 1, 2024, the UK government has stated that it intends to modify the laws governing holiday pay reforms and annual leave. The computation of holiday pay and compensation will be affected by these modifications, especially for part-time and irregularly scheduled employees. Here are a few important things to keep in mind: Holiday… Continue reading Holiday Pay Reforms in UK 2024: What You Need to Know

Introduction The development of digital platforms has transformed how we connect, buy items, and access services. However, the difficulty of guaranteeing tax compliance for people and organizations operating on these platforms comes with this digital change. In response to this difficulty, the UK government has implemented reporting standards for digital platforms. To level the playing… Continue reading Reporting Rules for Digital Platforms (Uber, Deliveroo, Etsy, Airbnb etc): HMRC’s Update