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Blog

October 22, 2026

UK–India National Insurance exemptions

The UK-India Double Contributions Convention (DCC), which came into force on 15 July 2026 alongside
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October 22, 2026

New rules for Plastic Packaging Tax from April 2027

New rules for Plastic Packaging Tax (PPT) will take effect from 1 April 2027, changing how
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October 22, 2026

Advance assurance on R&D claims

HMRC offers small and medium-sized enterprises (SMEs) two voluntary advance assurance services to
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October 22, 2026

HMRC introduces faster National Insurance refunds

HMRC has introduced an automated payment process to speed up refunds for people who may have
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October 22, 2026

New registration rules for payrolling benefits in kind

From 6 April 2027, employers must payroll taxable benefits in kind and expenses in real time,
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October 22, 2026

New HMRC tax assessments for savings interest

HMRC is beginning to issue tax calculation letters (P800) and Simple Assessment notices (PA302) to
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October 21, 2026

Outsourced Payroll is not a TUPE Transfer: Lessons from a costly VAT ruling

A recent tribunal decision shows that calling an arrangement a "TUPE transfer" does not
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October 19, 2026

Could businesses get more choice over software?

Most businesses now depend on several software systems to manage everyday activities such as email,
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October 19, 2026

New proposals could change self-employment rules

Businesses that engage freelancers, contractors and other self-employed workers may need to review
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October 15, 2026

VAT on education: could providers be entitled to refunds?

Alternative providers of higher and further education may be able to claim refunds of VAT following
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October 15, 2026

Cryptoassets: common tax mistakes to avoid

Cryptoassets can create unexpected tax liabilities. HMRC’s guidance highlights several areas where
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October 15, 2026

HMRC reveals £42.8 billion outstanding tax debt

HMRC has revealed that it had £42.8 billion in outstanding tax debt at the end of March 2025,
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October 15, 2026

Tax to pay when you get a pension

You may have to pay Income Tax on your pension if your total annual taxable income exceeds your
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October 15, 2026

Paying the 2025-26 Child Benefit tax charge

Taxpayers who need to pay the High Income Child Benefit Charge (HICBC) for 2025-26 may be able to
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October 15, 2026

New tax return requirements for company directors

Company directors who complete a self-assessment tax return should be aware of new mandatory
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October 12, 2026

Business confidence rises but is it time to invest?

Business confidence across the UK is showing signs of improvement, although many smaller businesses
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October 12, 2026

Late payments: Is your business at risk?

Late payment of invoices remains one of the most persistent problems facing UK small businesses,
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October 8, 2026

Corporation tax receipts pass £100 billion

HMRC’s latest Corporation Tax statistics show that receipts from corporate taxes passed £100
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October 8, 2026

New customs system for Northern Ireland trade

Businesses using the Trader Support Service (TSS) to move goods between Great Britain and Northern
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October 8, 2026

Reporting property gains

Anyone selling a UK residential property usually needs to report the disposal to HMRC within 60
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October 8, 2026

Capital allowances restricted for project development costs

The tax treatment of predevelopment costs has been the subject of a recent Supreme Court decision.
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October 8, 2026

HMRC targets undeclared medical consultancy income

HMRC is writing to individuals it believes may have failed to declare consultancy income from
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October 8, 2026

New vaping tax now in force

A new excise duty on vaping products came into force on 1 October 2026. Vaping Products Duty (VPD)
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October 7, 2026

Tax Diary November/December 2026

November 2026: 1 November 2026 - Due date for Corporation Tax payable by companies with an
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October 6, 2026

Flat fees and part-time workers: why “sole cause” no longer protects employers

A part-time private hire driver challenged a flat weekly fee his company charged for access to its
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October 5, 2026

Are grid delays holding back investment?

A business may have the finance, premises and customers for an expansion project, yet still face
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October 5, 2026

New digital rules for tracking waste

A new system for recording waste movements came into operation on 1 October 2026. The first phase
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October 1, 2026

HMRC publishes latest deliberate tax defaulters list

HMRC has published an updated list of deliberate tax defaulters. The list includes individuals,
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October 1, 2026

Corporation Tax when you sell business assets

A limited company usually pays Corporation Tax on the profit, known as a chargeable gain, when it
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October 1, 2026

Voluntary National Insurance contributions could be reformed

The government is considering changes to the voluntary National Insurance contributions (NICs)
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October 1, 2026

Need proof of UK tax residence?

HMRC has updated its guidance on how individuals and organisations can apply for a certificate of
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October 1, 2026

Share scheme returns – penalties are now being issued

Employers operating employee share schemes may now be receiving penalties from HMRC for failing to
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October 1, 2026

Company distribution rules and share buybacks

HMRC has been consulting on proposals to modernise the tax rules governing distributions and
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September 28, 2026

Could better workplace health reduce staff losses?

When an employee develops a health problem, the consequences can extend far beyond a few days of
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September 28, 2026

Ready for the October employment law changes?

Several employment law changes are approaching that businesses need to understand. The first
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September 24, 2026

Benefit payrolling rules clarified for overseas employees

HMRC has clarified how employers can handle benefits in kind for globally mobile employees as
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September 24, 2026

UK carbon border tax starts January 2027

Businesses importing certain carbon-intensive goods into the UK will face a new carbon tax from 1
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September 24, 2026

HMRC contacting trusts over tax return errors

HMRC is contacting some trustees after identifying possible errors in recent Trust and Estate tax
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September 24, 2026

Check your State Pension forecast now

A new press release from HMRC is highlighting the fact that almost 7 million UK adults could be
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September 24, 2026

Could your area introduce a tourist tax?

Mayors and local leaders in England are to be given powers to introduce an overnight visitor levy,
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September 24, 2026

HMRC sending 1.8m Simple Assessment letters

Some taxpayers have already started to receive Simple Assessment letters from HMRC for the 2025-26
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September 22, 2026

Is your business ready for a cyber incident?

Cyber security is sometimes treated as a problem for large organisations with specialist IT
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September 22, 2026

Interest rates may not be coming down soon

Businesses waiting for cheaper borrowing may need to reconsider their plans. The Bank of England
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September 17, 2026

Money and property after divorce

When a couple divorces or separates, they need to agree how their finances will be divided. This
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September 17, 2026

Winter Fuel Payment opt-out deadline approaches

Pensioners who do not want to receive the Winter Fuel Payment for winter 2026-27 have until
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September 17, 2026

Tax rules for cryptoassets set to change

The tax treatment of some crypto assets is set to change under draft legislation for Finance Bill
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September 17, 2026

New duty on vaping products starts in October

Businesses in the vaping sector are reminded that the new Vaping Products Duty and the Vaping Duty
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September 17, 2026

HMRC targets persistent tax debts

HMRC is reviewing proposals to introduce new powers for recovering lower-value, persistent tax
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September 17, 2026

New self-assessment registration service launched

HMRC has launched an improved online service to make it easier for individuals to register for
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September 16, 2026

Training clawbacks can constitute an unlawful restraint of trade

Seeking to claw back training costs from wages is common practice. However, a recent ruling has set
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September 14, 2026

New funding opens for growing businesses

The British Business Bank has launched a £210 million investment fund to help smaller businesses in
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September 14, 2026

Could simpler reporting reduce business paperwork?

The Government has announced plans to simplify corporate reporting and reduce the administrative
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September 11, 2026

Tax diary: October and November 2026

1 October 2026 - Corporation Tax payment is due for companies with an accounting period ending 31
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September 10, 2026

Business expenses when costs have a private element

Self-employed people can deduct allowable business expenses when calculating their taxable profits.
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September 10, 2026

Could simplified expenses save you time and money?

Self-employed people can choose to use simplified expenses to calculate certain business costs
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September 10, 2026

Are you paying your staff the correct minimum wage?

Employers must make sure their staff receive at least the National Minimum Wage or National Living
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September 10, 2026

When is a company dormant for Corporation Tax?

A company does not have to be formally closed to become dormant for Corporation Tax. A company is
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September 10, 2026

When can a trading loss generate a tax refund

Making a trading loss whilst not ideal can sometimes generate a tax refund. If you are a
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September 10, 2026

Is your company paying Corporation Tax at the right rate?

The rate of Corporation Tax payable depends mainly on the level of a company’s taxable profits. The
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September 7, 2026

Could company dividend rules be changing?

The Government has announced plans to consider major changes to the rules governing when companies
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September 7, 2026

Nearly 660 employers named for minimum wage failures

The Government has named nearly 660 employers for failing to pay workers the National Minimum Wage,
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September 3, 2026

Is your VAT control system strong enough?

A strong VAT control system should clearly identify who is responsible for VAT, document the
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September 3, 2026

Could company distribution rules change?

The tax rules concerning what constitutes a distribution for tax purposes have remained largely
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September 3, 2026

Predevelopment costs on major developments

Businesses planning major infrastructure and development projects should be aware of a new
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September 3, 2026

UK employers with overseas employees

UK employers with employees who normally work overseas may have PAYE and National Insurance
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September 3, 2026

Received a P800 from HMRC?

HMRC is currently carrying out its annual reconciliation of PAYE for the 2025-26 tax year. Between
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September 3, 2026

Summer VAT relief has ended

The temporary 5% reduced rate of VAT introduced for certain children’s meals, tickets and family
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September 2, 2026

When a discretionary bonus becomes enforceable

Where an employee is promised a discretionary bonus as an incentive, an employer may be held liable
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September 1, 2026

Company accounts are going fully digital

An important change is coming to the way companies file their annual accounts. From 1 April 2028,
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September 1, 2026

How Is Your Business Performing?

The latest figures from the Office for National Statistics suggest that conditions remain
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August 27, 2026

KP Simpson Named Finalist in National Apprenticeship Awards

KP Simpson Accountants & Business Advisors is proud to have been selected as a regional
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August 27, 2026

KP Simpson Proud to Become Official Sponsor of Hebburn Town FC

KP Simpson Accountants & Business Advisors is proud to be an official sponsor of Hebburn Town
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August 27, 2026

Evidence required to support business expense claims

Self-employed individuals can deduct allowable business expenses from their income when calculating
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August 27, 2026

Have you reviewed your workers’ employment status?

Businesses should regularly review whether individuals working for them are correctly classified as
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August 27, 2026

Benefits of claiming the Annual Investment Allowance

Businesses investing in qualifying assets may be able to claim the Annual Investment Allowance
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August 27, 2026

Tax relief for uniforms and protective clothing

Employers providing uniforms or protective clothing to employees need to understand the tax and
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August 27, 2026

What is a reasonable excuse for missing a tax deadline?

Missing a tax deadline can result in penalties from HMRC, but a taxpayer may be able to appeal if
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August 27, 2026

Recovering VAT on pre-registration costs

Businesses that register for VAT may be able to reclaim VAT paid on certain goods and services
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August 24, 2026

Are your employment policies ready for workplace reforms?

Employment law continues to evolve, and businesses should keep a close eye on forthcoming changes
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August 24, 2026

Could your business survive a cyberattack?

Cybercrime is no longer a problem that only affects large organisations. Increasingly, small and
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August 20, 2026

All online harassment is unacceptable, in any context

A recent ruling has determined that targeting individuals online, even on a private group chat, can
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August 20, 2026

When to register for Corporation Tax

Companies and other organisations that are liable for Corporation Tax must ensure they register
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August 20, 2026

Benefits of SEIS and EIS Advance Assurance

Businesses seeking investment through the Seed Enterprise Investment Scheme (SEIS) or Enterprise
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August 20, 2026

Official rate of interest for beneficial loans

Employers providing loans to employees or directors need to ensure they correctly calculate any
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August 20, 2026

Incorporation Relief may reduce your CGT bill

When a sole trader or partnership transfers a business to a limited company, a chargeable gain may
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August 20, 2026

HMRC penalties for failing to notify a tax liability

If you become liable to pay a tax or register for a tax that HMRC has not already been informed
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August 20, 2026

Tax relief on pension contributions for employees

Receiving tax relief on pension contributions into a workplace pension is a great way to help
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August 17, 2026

Why successful businesses prepare before conditions improve

Economic uncertainty has affected the confidence of many small business owners. Rising costs,
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August 17, 2026

Could better digital skills transform your business?

Technology is changing the way businesses operate, and the pace of change is only increasing. While
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August 10, 2026

Tax Diary September/October 2026

1 September 2026 - Due date for corporation tax due for the year ended 30 November 2025. 19
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August 10, 2026

Amending a mistake on your tax return

What happens if you discover a mistake on your tax return? The good news is that errors can usually
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August 10, 2026

Tax breaks for company bikes

Employers can usually provide bicycles and cycling equipment to employees as a tax-free benefit.
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August 10, 2026

Making the most of the £1,000 property allowance

The £1,000 property allowance is a helpful for individuals with small amounts of property income.
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August 10, 2026

Is your business eligible to use cash basis accounting?

Cash basis accounting is a simplified method used by sole traders and other unincorporated
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August 10, 2026

When do you pay Stamp Duty Land Tax?

Stamp Duty Land Tax (SDLT) is a tax that may apply when you buy land or property in England or
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August 10, 2026

Could you save tax by making a Deed of Variation?

After someone dies, the beneficiaries may find that the way an estate has been distributed does not
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August 10, 2026

Will your next finance application succeed?

Many successful businesses eventually reach a point where additional finance is needed. Whether the
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August 10, 2026

Five practical ways to reduce business energy costs

Energy costs remain a significant overhead for many UK businesses. Although wholesale prices have
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August 6, 2026

Making the most of the Employment Allowance

The Employment Allowance can help eligible employers reduce their National Insurance costs by up to
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