The Trump administration’s imposition of sweeping tariffs in April 2025 has triggered a global trade war, with the UK navigating both direct and indirect economic risks. While the U.S. applied a baseline 10% tariff on £58 billion of UK exports—lower than rates imposed on the EU and China—the ripple effects threaten growth, jobs, and consumer stability.
The UK Spring Statement 2025 introduces major reforms to tax penalty rules, significantly increasing fines for late payments starting April 2026. Key changes include a rise in the initial 30-day penalty from 5% to 7.5%, with further 7.5% charges at 6 and 12 months (up from 5%). A new daily compounded interest rate of 8.5% (previously 6.5%) will apply from the due date, linked to the Bank of England’s base rate plus 2.5%.
As the world becomes increasingly globalized, it’s common for individuals to earn income from overseas assets or investments. If you’re a UK tax resident, you must understand the regulations surrounding overseas income and worldwide disclosure. The UK government, primarily through HM Revenue and Customs (HMRC), requires tax residents to declare their worldwide income and assets accurately.
In a sweeping and ambitious 2024 Autumn Budget, Chancellor Rachel Reeves has set the stage for what she calls a “decade of national renewal.” It’s a vision framed around revitalising public services, bolstering economic stability, and reforming the tax system to align with modern demands. With a massive £40 billion tax initiative and expansive funding for health, education, and green infrastructure, the budget represents Labour’s first opportunity in over a decade to reshape the British economy.
The government intends that Making Tax Digital (MTD) for income tax will eventually apply to most people who are self-employed and/or receive property income. It was originally due to become mandatory from April 2024 for those with annual gross income of £10,000 or more from self-employment and property letting. However, the government announced in December 2022 that they would be allowing more time for both businesses and landlords and HMRC to get prepared for the introduction of the new programme.
Start-up
£
60
/ Month (+VAT)
This price plan is suitable for the start-up companies who are not VAT registered.
- Year-end accounts preparation and submission
- Corporation Tax returns
- Payroll & RTI submission for 1 employee
- Personal tax return [salary & dividends income only] (Free)*
- File confirmation statement (annual return) with Companies House
- Reference letters for Director only (Free)*
- Assisting with correspondence from HMRC and Companies House
- Unlimited face to face advice and email support
- 1 Director
- 1 Shareholder
- Annual turnover should be less than 80K
Recommended Plan
Limited Company
£
100
/ Month (+VAT)
This price plan is suitable for the companies who are VAT registered and turnover is less than 100K with a couple of employees.
- Year-end accounts preparation and submission
- Corporation Tax returns
- Monthly payroll including RTI submission for up to 2 employees
- Personal tax return [salary & dividends income only] (Free)*
- File confirmation statement (annual return) with Companies House
- Reference letters for Director only (Free)*
- MTD VAT returns submissions – quarterly
- Unlimited face to face advice and email support
- 1 Director
- 1 Shareholder
- Annual turnover should be less than 100K
Company Pro
£
150
/ Month (+VAT)
This price plan is suitable for the companies who are VAT registered; turnovers are more than 100K and have 2 directors and shareholders.
- Company formation (if required)
- Year-end accounts preparation and submission
- Corporation Tax returns
- Monthly payroll including RTI submission for up to 5 employees (Free)
- MTD VAT returns submissions – quarterly
- Personal tax return [salary & dividends income only] (Free)*
- File confirmation statement (annual return) with Companies House
- Reference letters for Director only (Free)*
- Unlimited face to face advice and email support
- 2 Directors
- 2 Shareholders
- Annual turnover should be less than 200K
Company Premium
Let's talk.
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This bespoke price plan is suitable for the companies who are VAT registered, with more directors, shareholders and employees. Also, annual turnover is more than 200k and requires further bespoke services.
- Company formation
- Year-end accounts preparation and submission
- Corporation Tax returns
- Monthly payroll including RTI submission all employees
- MTD VAT returns submissions – quarterly
- Personal tax return [salary & dividends income only] (Free)*
- File confirmation statement (annual return) with Companies House
- Reference letters for the all Directors (Free)*
- Unlimited face to face advice and email support
- Flexible and can be discussed
- Annual turnover should be more than 200K
- Personal Tax Returns
This price plan is suitable for self-employed individuals, landlords and those who need to submit Self-Assessment Tax Returns.
If you need to submit the Self-Assessment Tax Return, we can offer you competitive prices starting from £150 + VAT. Price can vary according to your nature of income. Please contact us for more details.
- Tax Investigation
- Business Legal Support
- Company Formation
- Business Mentoring
- ARA accounting services for ATOL & ABTA travel companies
Our commitment to you is that we’ll ensure all the information we’ve submitted to the Civil Aviation Authority is up-to-date and accurate.
