From April 1, Britain’s vaping firms start registration with HM Revenue & Customs ahead of a new levy set to take effect on October 1, 2026. The Vaping Products Duty will impose a flat-rate tax on e-liquids and enforce stricter supply-chain controls, including official duty stamps on all products. As prices are expected to rise,…
Office vacancy rates in central London are falling, pointing to a recovery in demand for workspace after the pandemic. But the rebound is uneven, with companies increasingly favouring newer, high-quality buildings while older offices struggle to attract tenants. In the City, vacancy rates have dropped to around 9.2 per cent, a five-year low, according to…
TikTok and Social Media Post: https://vm.tiktok.com/ZNRCFgTG1/ Main Article: If you have spent time in a chain coffee shop recently, you might have noticed something off. Especially if, instead of rushing out after securing a caffeine-fix, you decide to sit down with a laptop and linger. While the ambience of a central-London Pret A Manger has…
Chancellor Rachel Reeves has said today’s budget will prioritise economic growth. Still small businesses are bracing for shifts that could raise costs and widen compliance demands. Reeves has already trailed parts of her plans and recent reporting has sharpened expectations. Here are the changes small firms are watching most closely. VAT registration threshold cut or…
A government paper released alongside the budget announced that limited new North Sea oil and gas production will be allowed but ruled out further exploration or a tax reduction. A new class of permits, known as ‘Transitional Energy Certificates’, will allow oil and gas companies to expand extraction near existing oil fields as long as…
The cap on the salary sacrifice scheme will weaken saving incentives for young workers. Rachel Reeves has imposed a cap on salary sacrifice schemes in a move that will raise £5bn for the Treasury in 2029 when it comes into place, according to the Office for Budget Responsibility. “Salary-sacrificed pension contributions above £2,000 will be…
UK shoppers will soon have to pay more for their cold lattes and other sugary milk drinks, as Chancellor seeks to close the ‘loophole’ in the sugar tax, confirmed in November’s Budget today. Pre-packed milkshakes and other dairy-based products will soon be hit by the Soft Drinks Industry Levy (SDIL) tax, which was introduced by…
Rachel Reeves has announced an immediate reduction of capital gains tax relief for Employee Ownership Trusts (EOTs) from 100 percent to 50 percent. The move aims to preserve an incentive for these types of companies while supporting government forecasts for increasing revenue from £14bn this year to £30bn by 2030. This is estimated to raise…
Income tax thresholds will remain frozen for an additional three years, pushing more workers into higher tax bands as wages rise with inflation. The threshold freeze has been extended to April 2031 and is forecast to generate £8.3bn by 2030. At present, earnings between £12,570 and £50,270 fall into the 20 percent bracket while those…
Rachel Reeves allocated billions in financial support to voters in Labour’s political heartlands, as the government faces increasing threats ahead of local elections in May. The measures included £1.3 billion in additional funding for the Scottish and Welsh governments, a scrapping of the two-child benefit cap and a surprise £2.3 billion miners’ pension scheme. In…
