Liles Morris

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May 12, 2025
uk-india-trade-deal-set-to-unlock-major-export-opportunities-for-uk-businesses

The UK and India signed a new trade agreement last week that will reduce tariffs and open up one of the world’s fastest-growing markets to British businesses. The deal – described by the government as the most significant bilateral trade agreement since Brexit – is expected to boost trade by £25.5 billion a year by 2040.

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May 8, 2025
new-rules-aim-to-curb-sudden-bank-account-closures

From April 2026, banks and payment service providers will face stricter rules around how and when they can close customer accounts, under new legislation aimed at improving transparency and giving people and small businesses more time to respond to account closures.

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May 7, 2025
new-international-rules-to-cut-legal-costs-for-uk-businesses

From 1 July 2025, UK businesses involved in cross-border disputes will benefit from a major change in how their legal judgments are recognised overseas, thanks to new international rules being introduced under the 2019 Hague Convention.

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May 6, 2025
raft-of-tax-administration-measures-announced-how-will-these-affect-businesses-and-employers

James Murray, the Exchequer Secretary to the Treasury, made a Written Ministerial Statement last week that included a number of tax simplification, administration and reform measures. In total, 39 measures were announced.

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May 1, 2025
ai-adoption-on-the-rise-among-small-businesses-a-boost-for-productivity

According to new research, small and local businesses across the UK are increasingly embracing artificial intelligence (AI) tools to improve efficiency and streamline everyday operations.

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April 30, 2025
what-the-latest-imf-forecast-means-for-business-owners

At Autumn Budget 2024, we were promised a consultation on the tax treatment of predevelopment costs. However, following the Court of Appeal’s decision on a recent case, the government is postponing publication of the consultation while it considers the implications of the decision.

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April 28, 2025
mtd-for-income-tax-less-than-a-year-to-go

If you're a sole trader or landlord with annual income over £50,000, a major change is coming your way. From 6 April 2026, you may be required to keep digital business records and submit quarterly updates to HM Revenue and Customs (HMRC) under Making Tax Digital (MTD) for Income Tax.

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April 24, 2025
delay-to-consultation-on-the-tax-treatment-of-predevelopment-costs

At Autumn Budget 2024, we were promised a consultation on the tax treatment of predevelopment costs. However, following the Court of Appeal’s decision on a recent case, the government is postponing publication of the consultation while it considers the implications of the decision.

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April 23, 2025
cuts-to-import-tariffs

Amidst all the news about increased tariffs in the US, the UK government has announced a cut to zero in import tariffs on a range of 89 foreign products.

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April 22, 2025
uk-inflation-falls-to-2-6---but-what-s-next-for-your-business

In a small bit of good news, March’s inflation figures have been released showing a drop to 2.6% from 2.8% in February. The main reason? Lower petrol prices, which has offered some relief for households and businesses alike.

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April 17, 2025
why-seeking-help-when-your-business-faces-insolvency-is-the-right-move

Running a business comes with financial risks, and sometimes, companies struggle to stay afloat. While facing insolvency is undoubtedly stressful, seeking professional help early can prevent serious legal consequences.

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April 16, 2025
new-neonatal-care-law-now-in-force

The Neonatal Care (Leave and Pay) Act 2023 came into force on 6 April 2025. This law provides a new leave and pay entitlement for parents with a baby in neonatal care.

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April 14, 2025
new-companies-house-id-checks-what-they-mean-for-you

From 8 April 2025, Companies House has launched a new identity verification system as part of changes under the Economic Crime and Corporate Transparency Act 2023.

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April 10, 2025
child-benefit-increases-from-7-april-what-employers-need-to-know

From 7 April 2025, families receiving Child Benefit will see an increase in their payments. HM Revenue and Customs (HMRC) has announced that the weekly rate will rise to £26.05 for the eldest or only child and £17.25 for each additional child. This means an annual payment of £1,354.60 for the first child and £897 for each subsequent child. These payments, usually made every four weeks, are automatically into claimants’ bank accounts.

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April 7, 2025
uk-government-requests-views-to-shape-response-to-us-tariffs

The UK Government is currently considering its response to the ‘reciprocal tariffs’ announced by the US President Donald Trump on 2 April.

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