Practical, plain-English guidance on audit, tax, VAT, accounts and advisory — written by our chartered accountants.
1224 articles · page 22 of 102
The Consumer Duty has four outcomes , sitting under one Consumer Principle and three cross-cutting rules. It applied to open products from 31 July 2023 and to closed products from 31 July 2024…
Read articleOutsourced credit control hands the chasing of unpaid invoices to a third party — a service, not a finance product, and quite distinct from invoice finance or debt collection. It works where the…
Read articleAsset and wealth management covers two related but distinct businesses: managing pooled investments for institutions and funds, and managing the affairs of wealthy individuals and families. They…
Read articleA freeport is a designated area where different customs rules and a package of tax reliefs apply. The UK has 12 of them — eight in England, two Green Freeports in Scotland and two in Wales. The…
Read articleThe Recovery Loan Scheme still exists, but not under that name. It was extended and renamed the Growth Guarantee Scheme , which is open now, gives the lender a 70% government guarantee, and…
Read articleBiodiversity net gain requires most developments in England to leave nature measurably better off — a 10% uplift, maintained for 30 years . The rules changed materially on 6 August 2026 : sites…
Read articleThere is no social care levy. The Health and Social Care Levy was announced in 2021, implemented as a temporary National Insurance increase from 6 April 2022 , reversed on 6 November 2022 , and…
Read articleBritain runs two windfall taxes. The Energy Profits Levy charges North Sea oil and gas producers 38% on top of ordinary field taxes, taking the headline rate to 78% , and runs to 31 March 2030.…
Read articleHere is the thing most guidance on residential service charges gets wrong: there is no statutory requirement to prepare annual service charge accounts at all , and no statutory audit requirement.…
Read articleAn EORI number is the identifier customs uses for your business. You need one starting GB to move goods between Great Britain and any other country — including the EU — and you may need a second…
Read articleYes. Crisps are one of the few foods Parliament singled out for standard-rating: food is zero-rated as a general rule, but excepted item 5 of Schedule 8 pulls potato crisps and similar products…
Read articleThe standard rate of VAT is still 20% and no change to it has been announced. But two genuine VAT cuts sit either side of today: a 5% rate for children's meals and family attractions that ran…
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