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Tax and business briefings.

A selection of the latest briefings from our news service. Want to know how a change affects you? Ask your client manager.

Latest ·

Late payments: Is your business at risk?

Late payment of invoices remains one of the most persistent problems facing UK small businesses. 60% of UK small and medium-sized businesses report that customers are taking longer to settle invoices than they were a year ago.

Flower beds and shopfronts in a Norfolk market town

Business confidence rises but is it time to invest?

Business confidence across the UK is showing signs of improvement, although many smaller businesses remain reluctant to commit money to new investment.

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 nicotine.

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.

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.

Reporting property gains

Anyone selling a UK residential property usually needs to report the disposal to HMRC within 60 days of completion, even where they are not normally required to report Capital Gains Tax through a tax return.

New customs system for Northern Ireland trade

Businesses using the Trader Support Service (TSS) to move goods between Great Britain and Northern Ireland need to prepare: from 20 October 2026, all goods movements must be submitted using the new TSS platform.

Corporation tax receipts pass £100 billion

HMRC's latest Corporation Tax statistics show that receipts from corporate taxes passed £100 billion for the first time in 2025-26.

Tax Diary November/December 2026

Key dates including 1 November 2026, the due date for Corporation Tax payable by companies with an accounting period ended 31 January 2026, and 7 November 2026, the deadline for the second quarterly update under Making Tax Digital for Income Tax for 2026-27.

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These are the briefings published on our website as at 12 October 2026, shown here as a snapshot. They are general information, not advice: please get in touch before acting on any of them.

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