Blog - Holeys

02-06-2026

Government summer savings spree adds complexity to VAT for hospitality and tourism

When Rachel Reeves announced a temporary cut in VAT from 20 per cent to five per cent for family attractions and children's dining over the summer holidays,

02-06-2026

Classic cars, jewellery and handbags – How high luxury is accounted for in Inheritance Tax

Inheritance Tax (IHT) is paid on all items of your estate after you pass away if you exceed certain thresholds. Whilst many people focus on their savings,

02-06-2026

HMRC raise mileage rates and allowances

Chancellor Rachel Reeves announced an increase in HMRC's approved mileage rates for cars and vans from April 2026 for the first time since 2011 in a speech

02-06-2026

Bank lending to UK businesses has dropped to the lowest level in 30 years

Weak economic growth and tighter regulations on lenders are to blame for the largest drop in bank lending to UK businesses in 30 years, according to new

28-05-2026

Great British Summer Savings Scheme: What the headlines miss

When Rachel Reeves announced a temporary reduction of VAT from 20 per cent to five per cent for family attractions and children's dining over the school summer

27-05-2026

The tax implications of a summer side hustle

With summer coming soon, many people are looking for ways to earn some extra cash. Many people don’t know that this goes towards their tax-free allowance and

21-05-2026

The economy is doing better than expected – How will your business be affected?

It is a very strange time for UK businesses at the moment, as the economic forces at play seem to be entirely unpredictable. While the Government was

20-05-2026

Who can I trust for tax advice? Tax advisers and their new guidelines

There are two things that are certain in this life: death and taxes. So why is it that you hear different tax advice from influencers, accountants and

14-05-2026

Is the UK heading for a recession and what does it mean for your business?

Recession is one of those words that tends to stop business owners in their tracks and right now, it is being mentioned more and more in the

13-05-2026

An AI tax in the UK: Revenue raiser or competition risk?

A new headline finding from YouGov this month has found that 47 per cent of Britons would support a tax on work done by AI – with

11-05-2026

Up to two fifths of employers may withdraw salary sacrifice pensions

Employers are facing growing uncertainty over the future of salary sacrifice pension schemes following the Government’s decision to introduce a £2,000 annual cap on National Insurance (NI)

11-05-2026

Employers are paying the price: National Insurance Contributions rise to £28 billion

Employers’ predictions seem to be coming true as National Insurance Contributions (NICs) have skyrocketed to £28 billion, exceeding the Government’s original forecast of £23.9 billion. On 6