HMRC Small-Business Investigations: Is Your Business Ready?
HMRC has added compliance staff and a 350-person small-business investigation team. Learn which records UK businesses should reconcile now.
Category Business Advice
Expert business advice, tax planning, accounting updates and financial guidance from SKN Chartered Accountants.
Making Tax Digital for Restaurants: What Sole Traders Need to Know
A practical guide to Making Tax Digital for restaurant sole traders, covering qualifying-income thresholds, start dates, digital records and quarterly updates.
UK Tax & Companies House Update: 4 Key Changes – August 2026
Published: 9 August 2026 Companies House has revised the timetable for major filing reforms, while two new Upper Tribunal decisions contain important lessons concerning directors’ loan accounts, HMRC information notices and reliance on professional advisers. Companies House has also updated…
SKN UK Tax & Business Update – 7 August 2026
Five UK tax developments accountants and business owners should know The first mandatory Making Tax Digital for Income Tax quarterly filing deadline is today, 7 August 2026. Tax advisers also need to check whether they fall within the first HMRC…
HMRC Restaurant VAT Update: 5% Rate for Children’s Meals
HMRC's temporary 5% VAT rate applies only to qualifying children's meals supplied for consumption on the premises. It is not a general hospitality VAT cut. Takeaways, promotions and party packages need separate consideration.
SKN UK Tax & Business Update – 4 August 2026
Three important UK tax dates need attention in August 2026: HMRC's Self Assessment timely-payment consultation closes on 4 August, the first MTD quarterly update deadline follows on 7 August, and certain tax advisers face a registration deadline on 18 August.
UK Tax Update – 31 July 2026: Self Assessment, Mayoral Revenues and PSC Rules
The UK tax update for 31 July 2026 is led by an immediate deadline: the second Self Assessment payment on account for 2025/26 must be paid by 11:59pm today. Business owners should also note the government’s new plan to share…
UK Tax & Business Update – 25 July 2026
Government considers tougher rules against late-paying businesses The most commercially important development in the latest official publication window concerns proposed reforms to business-to-business payment practices. The government’s late-payments package could potentially introduce: These measures are proposals and are not yet…
Received an HMRC Letter About Your Online Sales? Here’s What You Need to Know
Received an HMRC Letter About Your Online Sales? Here’s What You Need to Know HM Revenue & Customs (HMRC) has confirmed that between 6 July and 31 August 2026, it may automatically register certain individuals for Self Assessment where its…
10 HMRC Investigation Triggers Every Business Should Know
Introduction Receiving a letter from HMRC informing you of a tax enquiry can be stressful for any individual or business. While many enquiries are selected at random, certain patterns and behaviours are more likely to attract HMRC’s attention. Understanding these…