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Monthly Tax News

July Tax News
Welcome to the July 2025 edition of Tax E-News. We hope that you find this informative. Please contact us if you wish to discuss any matters in more detail.
To view previous tax newsletters, click here
Practice News

Welcome to our new intake of apprentices for 2025
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. Take the UK’s farming sector as an example. Faced with extreme weather, policy shifts and volatile prices, farmers have increasingly turned to other sources of income to keep their businesses viable.

DPC Accountants wins Employer of the Year award!
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. Take the UK’s farming sector as an example. Faced with extreme weather, policy shifts and volatile prices, farmers have increasingly turned to other sources of income to keep their businesses viable.

National Apprenticeship Week 2025
We have now concluded a week of apprenticeship celebrations as part of National Apprenticeship Week 2025 and what a positive and inspirational week we had! Our People and Culture Manager Rachel Hughes attended the Apprenticeship and Skills Panel Breakfast hosted by Keele Gateway.
Blogs and Articles

Making Tax Digital (MTD) – Changes coming for Income Tax Reporting
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. Take the UK’s farming sector as an example. Faced with extreme weather, policy shifts and volatile prices, farmers have increasingly turned to other sources of income to keep their businesses viable.

Named and Shamed: Employers Failing to Pay Minimum Wage
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. Take the UK’s farming sector as an example. Faced with extreme weather, policy shifts and volatile prices, farmers have increasingly turned to other sources of income to keep their businesses viable.

Cyber Security Culture Principles: Culture is Key to Resisting Attack
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. Take the UK’s farming sector as an example. Faced with extreme weather, policy shifts and volatile prices, farmers have increasingly turned to other sources of income to keep their businesses viable.

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. Take the UK’s farming sector as an example. Faced with extreme weather, policy shifts and volatile prices, farmers have increasingly turned to other sources of income to keep their businesses viable.

IMF Upgrades UK Growth Forecast: Steadier Ground Ahead?
The International Monetary Fund (IMF) has released its annual review of the UK economy and the message this year is more positive than many might have expected. The IMF has upgraded its forecast for UK growth in 2025 to 1.2%, noting that “an economic recovery is underway.”

FSB Updates Guidance on Employers’ Liability Insurance
The Federation of Small Businesses (FSB) has recently updated its guidance on Employers’ Liability insurance – a useful reminder of the rules and risks around a business insurance that is legally required in the UK.

Bonus as Salary or Dividend: Which Pays Off?
If you run your own company, you might have the option to take a bonus either as salary or as a dividend. But which one leaves you better off? The answer depends on several factors: how much profit your company has, your existing income, the current rates of tax and National Insurance, and whether you’re taking advantage of available allowances.

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.

£30 Million Boost to HLS Payments: What It Means for Your Farm
Thousands of farmers in England are set to benefit from a £30 million uplift to Higher Level Stewardship (HLS) payments from January 2025. This could mean more money in your pocket for the work you’re already doing to protect the environment and maintain the countryside.

Changes to Planning Rules Could Make Life Easier for Small Housebuilders
The government has set out new plans aimed at helping small and medium-sized housebuilders get projects moving faster and with fewer hurdles. For housebuilders that have found themselves stuck in a slow, expensive planning process for a small site, these changes might be of interest.

Spring Statement: How is your business affected?
The Chancellor of the Exchequer, Rachel Reeves, delivered her Spring Statement last week in which she outlined the government’s economic plans, including spending decisions, tax policies and efforts to boost growth while managing public finances. The Statement came on the back of the latest forecasts prepared by the Office for Budget Responsibility (OBR).

Making Tax Digital for Income Tax regime extended to smaller businesses
The Spring Statement announced that Making Tax Digital for Income Tax (MTD for IT) regime will be further extended to smaller businesses. Making Tax Digital for Income Tax (MTD for IT) is a government initiative that requires self-employed individuals and landlords with income over a certain limit to keep digital records and submit quarterly tax updates to HM Revenue and Customs (HMRC) using compatible software.

Could Embracing the Great Outdoors Add to Your Business Success?
Recent initiative organised by Natural England aligns with growing research showing that time spent in nature can have profound effects on mental and physical health. But while these workshops are targeted at children and their families, the benefits of nature are just as relevant for business owners.

Lessons for Business Owners from Ant Middleton’s Director Ban
The recent disqualification of television personality Ant Middleton and his wife, Emilie Middleton, as company directors provides valuable lessons for business owners. Their company, Sway and Starting Limited, failed to pay over £1 million in taxes, despite receiving more than £4.5 million in income. The company eventually went into liquidation, with a significant overdrawn director’s loan account.

£2 billion Grant Funding for 18,000 New Social and Affordable Homes
Construction sector businesses welcomed the announcement made by the Chancellor and Deputy Prime Minister that the government will be making a £2 billion investment for the building of 18,000 new social and affordable homes. Sites available for development in Manchester and Liverpool may be the first to benefit from the funding, the majority of which will be spent in 2026/27.

£20 million Investment in Community Housing
The government has announced a £20 million package that will help community land trusts, housing cooperatives and other community groups to build over 2,500 new homes in the next 10 years. Some advantages of community-led housing projects include having local people locate and design new homes that meet the specific needs of their local area.

UK Export Finance Hosts Event to Boost Women-Led Businesses in International Trade
Over 100 female entrepreneurs, banking representatives, and government officials gathered in Leeds last week for an event focused on breaking down financial barriers for women-led businesses. Hosted by UK Export Finance (UKEF) and with speakers from Female Founder Finance and the Invest in Women Taskforce, the event celebrated the success of British businesswomen while exploring ways to increase access to finance and international trade opportunities.

Changes Coming to GB-NI B2B Parcel Movements in May
From 1 May 2025, all B2B (business to business) parcels travelling from Great Britain to Northern Ireland will need to have information submitted onto the Customs Declaration Service. This is something your parcel carrier will typically handle; however, you will need to provide them with additional information so that they can do this. In some cases, you may also need to pay duty.
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