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Articles and news on HMRC regulation and legal matters as regards UK small businesses’ tax, payments, and customs affairs.

Accounting

Disclosure requirements for business owners – what to do now

A lot changed for small businesses in 2025, especially when it comes to disclosure. Here's a summary of the updates you need to know about

Accounting

What is the VAT threshold?

At what point does your small business have to start paying VAT? Should you voluntarily pay VAT? And what are legitimate ways to stay under the VAT threshold?

Making Tax Digital

9 myths about Making Tax Digital busted

There’s been a lot of misinformation around Making Tax Digital (MTD), leaving many businesses wondering how exactly it applies to them, what their responsibilities are, and whether it will affect their tax liability.  

Sole trader

5 most common tax mistakes when you’re self-employed

Getting on the wrong side of the taxman can be extremely unpleasant and costly. Simon Thomas offers 5 tips to help you stay out of trouble

Tax

6 tax breaks every small business should know about

You could add thousands of pounds to your small business bottom line by applying these little-known tax breaks.

Accounting

Accounting for success in 2025

The UK’s small business population is facing a tranche of new tax rules and employment policies set to come into effect from April 2025

News

HMRC to limit helpline in run-up to tax return deadline

HMRC has announced that it will be restricting access to its helpline at a critical time for many small business owners

Accounting

What is payment on account and how do I pay it?

Accounting

Mileage allowance in the UK – what is it and how does it work?

You can claim back hours spent on the road for your small business, whether you’re an employee or self-employed. What are the rules around mileage allowance?

Tax

Self-employed hit with interest rate hike on overdue tax bills

HMRC imposes 7.5% interest rate on overdue self-employed tax bills from Monday, July 31

Accounting

Sole traders pay most tax since records began

Self-employed paid £22bn in income tax in January – the biggest-ever figure since records began in 1999 and one-third higher since last year

Accounting

Sole traders increasingly avoid charging VAT

Tens of thousands of small businesses deliberately stay small to avoid charging VAT, which means you have to hike prices if you wander over the £85,000 threshold

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Partner content

Benefits of switching to the right business bank account

In case you were in any doubt, here are five key benefits of switching your business bank account – and how to make the switch.

Business Loans

A guide to getting a small business loan

Everything you need to know on what small business loans are and what types of loan are available for your business.

Partner content

What are the funding options for hospitality businesses?

Hospitality businesses have faced a number of challenges in the last couple of years. Find out what funding and support is available.

Employing & managing staff

The importance of vocational rehabilitation services for SMEs

In Aviva’s latest SME research*, 57 per cent of employers surveyed agreed that nowadays employees expect benefits to protect against loss of income or earnings. What do you offer your people?