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Catch up on the latest news in accounting here, from cutting edge bookkeeping technology to self-assessment updates.

Capital allowances restricted for project development costs

Capital allowances restricted for project development costs

The tax treatment of predevelopment costs has been the subject of a recent Supreme Court decision. This is likely to mean that capital allowances will be restricted for some predevelopment costs. The

HMRC targets undeclared medical consultancy income

HMRC targets undeclared medical consultancy income

HMRC is writing to individuals it believes may have failed to declare consultancy income from private healthcare providers on their self-assessment tax returns. The letters follow information received

New vaping tax now in force

New vaping tax now in force

A new excise duty on vaping products came into force on 1 October 2026. Vaping Products Duty (VPD) applies to vaping liquids manufactured in, or imported into, the UK, whether or not they contain

Tax Diary November/December 2026

Tax Diary November/December

November 2026:

1 November 2026 – Due date for Corporation Tax payable by companies with an accounting period ended 31 January 2026, unless the company is required to pay Corporation Tax by

Flat fees and part-time workers: why “sole cause” no longer protects employers

Flat fees and part time workers: why "sole cause" no longer protects employers

A part-time private hire driver challenged a flat weekly fee his company charged for access to its booking and dispatch system. Because the fee did not vary with hours worked, part-timers paid far

Are grid delays holding back investment?

Are grid delays holding back investment?

A business may have the finance, premises and customers for an expansion project, yet still face another obstacle: obtaining enough electricity.

The Government has announced Great British Grid, a new

New digital rules for tracking waste

New digital rules for tracking waste

A new system for recording waste movements came into operation on 1 October 2026.

The first phase of mandatory digital waste tracking applies to permitted or licensed sites receiving controlled waste

HMRC publishes latest deliberate tax defaulters list

HMRC publishes latest deliberate tax defaulters list

HMRC has published an updated list of deliberate tax defaulters. The list includes individuals, businesses and companies, detailing the amounts on which penalties are due and the exact penalties

Corporation Tax when you sell business assets

Corporation Tax when you sell business assets

A limited company usually pays Corporation Tax on the profit, known as a chargeable gain, when it sells or otherwise disposes of a business asset.

Business assets can include land and property,

Voluntary National Insurance contributions could be reformed

Voluntary National Insurance contributions could be reformed

The government is considering changes to the voluntary National Insurance contributions (NICs) system following a call for evidence published earlier this year.

Voluntary NICs allow individuals to

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