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In the 2018 Autumn Budget, Chancellor Philip Hammond announced a new capital allowance, the Structures and Buildings Allowance (SBA).

With the end of the 2018/19 tax year fast approaching, now is a good time to review your finances to ensure you are making full use of the available allowances and minimising your tax liability.

Making Tax Digital is the biggest change to the UK tax system in decades. From 1 April 2019, VAT registered businesses and sole traders with a taxable turnover above the VAT threshold of £85,000 will be required to keep digital VAT records and file VAT returns directly to HMRC using compatible software. The rules around VAT are not changing. But the way you submit VAT records is.