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Latest News
Practical articles and financial advice to support individuals, sole traders and small businesses across Kent


Simple assessment taxpayers can apply online for a payment plan
Taxpayers who owe tax of up to £50,000 under simple assessment can now apply online for a time to pay arrangement with HMRC.
Sep 1, 2025


DBT issues guidance on low-value shipments to US
UK businesses now face tariffs on “vast majority” of exports to the US, following Trump’s suspension of de minimis duty-free treatment of low-value goods from abroad.
Aug 31, 2025


Ireland: economic prospects, tariffs and the emerging world economic order
As businesses across the Republic of Ireland and Northern Ireland face US tariffs and ongoing turmoil, how can organisations build resilience, manage supply chains and make the right decisions to ensure they thrive?
Aug 25, 2025


Economic update: the UK economy faces a difficult road ahead
The UK economy is feeling the effects of growing domestic and international headwinds as GDP slows and inflation continues to rise. ICAEW’s Economies Director Suren Thiru discusses the implications.
Aug 18, 2025


HMRC targets personal expenditure
HMRC will run a digital campaign to ensure that income tax self assessment (ITSA) taxpayers do not claim tax relief for personal expenditure when completing tax returns for 2025/26.
Aug 11, 2025


New standard for firms certifying AI management systems
To promote trust and consumer confidence, the British Standards Institution has published a new standard on auditing artificial intelligence management systems.
Aug 4, 2025


Companies may have claimed marginal relief in error
HMRC is writing to companies that may have failed to include the correct number of associated companies in their corporation tax return and as a result claimed marginal relief in error.
Jul 28, 2025


“Major win” for HMRC in SDLT case
Following a recent court decision, HMRC is warning homebuyers to take care if they are considering claiming a repayment of stamp duty land tax (SDLT) on the basis that the property is in need of repair.
Jul 21, 2025


WWII accountants: Lieutenant-Colonel William Harris-Burland
An accountant that worked across Europe in the 1930s and then used his local knowledge, as well as his business and accounting skills to mastermind clandestine activities during the Second World War.
Jul 15, 2025


Scaling up: how to build flexibility into your strategy
How to grow: scaling a business isn’t just about growth, it’s about growth with resilience – especially during these times of greater uncertainty.
Jul 14, 2025


Chart of the week: Energy price cap
As reported by ICAEW According to Ofgem, the domestic energy price cap in Great Britain for the third quarter of 2025 commencing on 1...
Jul 7, 2025


Companies encouraged to review loan relationships
As reported by ICAEW HMRC is asking companies where it has opened an enquiry into the application of the unallowable purpose rule to...
Jul 7, 2025


Warning: 31 July deadline for paying income tax and NIC
The normal due date for paying income tax and class 4 national insurance contributions (NIC) under self assessment (SA) for a tax year is 31 January after the end of that year. However, some taxpayers need to make a POA on 31 January during the tax year and on 31 July immediately after the end of the tax year.
Jul 4, 2025


Hiring Slows as Costs Rise
New data from the Office for National Statistics suggests that UK businesses are continuing to slow down recruitment, with job vacancies falling by 63,000 between March and May.
Jun 19, 2025


Spending Review 2025: Takeaway Points for Your Business
Last week, the Chancellor unveiled her Spending Review setting out how government departments will allocate money over the coming years. While much of the focus was on large-scale public services like the NHS and schools, there are some important signals here for businesses to take note of - both in terms of opportunity and outlook.
Jun 16, 2025


OECD Downgrades UK Growth Forecast, Citing Debt and Trade Barriers
The UK’s economic growth is set to slow more than expected, according to the Organisation for Economic Co-operation and Development (OECD), which has downgraded its forecast for 2025 to 1.3%, down from 1.4% earlier this year.
Jun 12, 2025


Emissions Cutting Trial to Benefit Hospitality Businesses
The government has published details of a new emissions cutting trial that could benefit UK pubs, cafes, restaurants and hotels.
Jun 11, 2025


Named and Shamed: Employers Failing to Pay Minimum Wage
In its latest round of investigations, HM Revenue and Customs (HMRC) have named 518 employers who have failed to pay the National Living or National Minimum Wage correctly to their staff.
Jun 9, 2025


When is Diversification a Good Business Strategy?
It’s long been said that putting all your eggs in one basket is risky. Many small business owners may fear that risk of becoming a reality.
Jun 6, 2025


Why You Shouldn’t Ignore Old Tech: New Guidance from the NCSC
The National Cyber Security Centre (NCSC) has released new guidance on how to properly retire old digital systems and devices – a process known as decommissioning. The guidance is aimed at IT teams, but there are useful takeaways for any small business that uses computers, software or online systems.
Jun 5, 2025
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