News - Holeys

01-10-2025

Company Electric Car – HMRC introduces two separate rates

HM Revenue and Customs (HMRC) has announced its latest updates to the Advisory Electric Rate (AER) that will affect employees using a company car. Reviewed every three

01-10-2025

HMRC updates the factsheet for self-review of the National Minimum Wage

With changes expected to be announced about the UK’s current National Minimum Wage (NMW) and National Living Wage (NLW) rates in the near future, HM Revenue and

01-10-2025

New shareholder dividend reporting requirements are fast approaching

The 2025/26 financial year will bring new reporting requirements for UK resident directors of close companies, who are required to file a Self-Assessment tax return. HM Revenue

01-10-2025

The dangers of non-compliance with the new Companies House ID verification

From 18 November 2025, identity verification will be mandatory for company directors, members of LLPs and Persons with Significant Control (PSCs). Companies House will not be prosecuting

01-10-2025

Big changes are coming to FRS 102 – How can you prepare?

From January 2026, FRS 102 is going to be changing in a significant way and businesses need to be ready. Any business that prepares accounts under UK

01-10-2025

Eight in 10 small business owners have no exit plan – Do you?

A recent survey by Capital on Tap revealed that 79 per cent of small business owners do not have an exit plan. The survey highlighted a mix

01-10-2025

Making Tax Digital – Understanding the new penalty regime

With just six months to go before the first round of Making Tax Digital (MTD) for Income Tax gets rolled out, many sole traders are still not

03-09-2025

Identity verification deadline confirmed – Are you prepared?

After months of uncertainty, Companies House has set the identity-verification deadline as 18 November 2025. From that date, all new company directors and People with Significant Control

03-09-2025

Could your latest LinkedIn post expose you to tax penalties?

HM Revenue and Customs (HMRC) has confirmed it uses AI to scan social media posts as part of criminal investigations into suspected tax and benefits fraud. That

03-09-2025

Government may be setting sights on Inheritance Tax

The Treasury is reportedly revisiting Inheritance Tax (IHT) as ministers hunt for extra revenue. While the Chancellor considers several options, IHT reforms remain a likely avenue, and

03-09-2025

The danger of uncertainty – How the economy and Autumn Budget may be holding back investment

With UK growth slowing to just 0.3 per cent in Q2, business confidence is fragile. Momentum has faded after a surge in exports ahead of new tariffs

03-09-2025

How have the increases in employment costs affected wage growth and hiring?

When the Chancellor unveiled £26 billion in additional taxes and higher employer National Insurance contributions (NIC) last autumn, the impact on business confidence was immediate. Businesses are