Corporate Governance & Regulation Articles

Could simpler reporting reduce business paperwork?

Could simpler reporting reduce business paperwork? The Government has announced plans to simplify corporate reporting. In short, it wants to reduce the administrative burden on UK businesses. Ministers estimate the reforms could save more than £450 million each year.   What the reforms could involve The proposals are still taking shape. However, the measures are expected to include:...

Company accounts are going fully digital

A major shift is coming for company filing An important change is coming to the way companies file their annual accounts. From 1 April 2028, all UK-registered companies must file their annual accounts with Companies House using commercial software. In other words, company accounts are going fully digital. As a result, the existing web and paper filing routes for company accounts will close for...

Company filing penalties you should avoid

Company filing penalties you should avoid: a guide for directors Most company directors know they must file annual accounts and a confirmation statement with Companies House. However, missing these deadlines can trigger unnecessary costs. Moreover, in some cases, the consequences become far more serious.   Late filing penalties for annual accounts Firstly, the most common financial...

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 Personal Allowance....

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 pay it...

New tax return requirements for company directors

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

Business confidence rises but is it time to invest?

UK business confidence is rising, but only 17% of businesses plan to increase investment in the next three months. Here,...

Late payments: Is your business at risk?

60% of UK SMEs say customers take longer to pay than a year ago, and the average amount owed is...

Corporation tax receipts pass £100 billion

HMRC’s latest statistics show that receipts from corporate taxes passed £100 billion for the first time in 2025-26. Here, we...

New customs system for Northern Ireland trade

From 20 October 2026, businesses moving goods between Great Britain and Northern Ireland must use the new TSS platform. Here,...

Reporting property gains

If you sell a UK residential property, you usually need to report and pay any Capital Gains Tax within 60...

Capital allowances restricted for project development costs

A recent Supreme Court decision means capital allowances will probably be restricted for some predevelopment costs. Here, we explain the...
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