Accounting Insights, News & Updates

Anyone selling a UK residential property usually needs to report the disposalto HMRC within 60 days of completion.

New Tax Return Requirements for Company Directors

Company directors who complete a self-assessment tax return should be aware of new mandatory reporting requirements...

New Proposals Could Change Self-Employment Rules

Businesses that engage freelancers, contractors and other self-employed workers may need to review their...

Late Payments: Is Your Business at Risk?

Late payment of invoices remains one of the most persistent problems facing UK small businesses, and recent research...

New Duty on Vaping Products Starts in October

September 2026

Businesses in the vaping sector are reminded that the new Vaping Products Duty and the Vaping Duty Stamps...

New Self-Assessment Registration Service Launched

September 2026

HMRC has launched an improved online service to make it easier for individuals to register for self-assessment.

Could Simpler Reporting Reduce Business Paperwork?

August 2026

The Government has announced plans to simplify corporate reporting and reduce the administrative burden placed on UK businesses.

HMRC Targets Persistent Tax Debts

August 2026

HMRC is reviewing proposals to introduce new powers for recovering lower-value, persistent tax debts from individuals and businesses that repeatedly fail to engage with collection efforts.

Avoid 60% Income Tax band

A ‘60% Income Tax band’ can arise when an individual’s income exceeds£100,000 in a tax year. Once this threshold is crossed, the personal allowance is...

Don’t forget to pay your Class 1 ANICs

Employers are reminded that Class 1A National Insurance contributions (NICs)for the 2025–26 tax year must be paid by 19 July 2026 (or 22 July 2026 if paying electronically) to avoid penalties.

Construction Industry Scheme Responsibilities

The Construction Industry Scheme (CIS) is used within the UK construction sector to help manage payments between contractors and subcontractors effectively.

Don’t forget to pay your Class 1 ANICs

Employees may be entitled to tax relief on certain professional fees and subscriptions that they pay personally.

Tougher action on late payments

June 2026

The Government has introduced a landmark new Bill aimed at tackling the growing problem of late payments to small businesses, with...

New business formations exceed business “deaths”

VAT cut for family days out this summer - what businesses need to know

June 2026

HMRC has announced that from 25 June to 1 September 2026, a temporary 5% VAT rate will apply to a range of supplies aimed at families with children during...

Increase in Approved Mileage Rates

May 2026

The Chancellor of the Exchequer, Rachel Reeves updated Parliament on 21 May 2026 on the Government’s economic response to the...

A reminder of tax-free trivial benefits

May 2026

Employers looking to provide staff with small gifts or seasonal tokens of appreciation should remember the rules for tax-free trivial benefits...

Now that January is behind us, it’s time to look ahead to year-end tax planning

For many business owners, January marks the end of one tax cycle.Personal tax returns are filed, payments are made, and attention turns back to...

Companies House delays proposed profit and loss filing changes

In September last year, we highlighted upcoming reforms that would require small and micro companies to file their profit and loss (P&L) accounts...

Annual tax on Enveloped Dwellings (“ATED”)

ATED is an annual charge on UK residential property owned by non-natural persons — companies, partnerships with corporate members, and...

Payroll Year-End 2025/26: What Businesses Need to Know Before the New Tax Year

As we approach the end of the 2025/26 payroll tax year, it’s time for businesses and payroll teams to prepare for year-end reporting and ensure...

New business formations exceed business “deaths”

March 2026

The latest figures from the Office for National Statistics show that in 2025 the number of UK business births exceeded business deaths for a second...

How Making Tax Digital (MTD) will change Personal Tax Returns

Electric vehicles as company cars: are they still tax efficient?

March 2026

It’s a question we’re being asked more frequently. With the introduction of Vehicle Excise Duty for electric vehicles, the gradual increase in...

Business Exit Planning Matters

March 2026

For many business owners, the focus is firmly on growth, profitability and day to day operations. Exit planning is often treated as something to think about...

Companies House ID Verification – What You Need to Know

How Making Tax Digital (MTD) will change Personal Tax Returns

Making Tax Digital (MTD) is one of the most significant changes to the UK tax system in recent years, and from April 2026 it will begin to affect...

Why We Use Xero as a Digital Accountancy Practice

At Digiboox Ltd, we believe modern businesses deserve modern accounting. That’s why we’ve chosen Xero as the core platform for delivering our digital accountancy services.

Construction Industry Scheme: tackling fraud

Tackling fraud in the Construction Industry Scheme (CIS) was one of the measures
addressed in the recent Budget. The changes are intended to allow faster...

Car and travel costs if self employed

If you are self-employed, it is important to understand which car and travelcosts can be claimed. You can claim...

Companies House ID Verification – What You Need to Know

New rules are coming into force from 18 November 2025 under the Economic Crime and Corporate Transparency Act 2023 (ECCTA). These changes affect...

When you don’t need to make payments on account

If you file a Self-Assessment return you may need to pay your tax in three instalments, so it is useful to know...

Set up your tax app with HMRC

The free HMRC tax app now provides quick access to tax codes, income history, self-assessment details, National Insurance records and even...

Are you ready for Making Tax Digital for Income Tax?

Are you ready for Making Tax Digital for Income Tax (MTD for IT)? This new way of reporting will become mandatory in phases from April 2026. If you are...