Insights
Our experts provide their insights on the latest industry developments and share tips on accountancy and business matters.
11 November 2025
Periodic review of FRS 102: key lessons before the 2026 effective dateThis year’s UK accounting news has been dominated by the Periodic review of FRS 102, which becomes effective for the periods beginning on or after 1 January 2026. This is the most extensive update to the standard since its original publication, aligning certain rules with IFRS and refining additional guidance. We have been advising early adopters and those businesses that want to prepare ahead of time on the general impact assessment, revenue recognition and lease accounting, using our bespoke tools and software.
15 October 2025
VAT update for further education collegesRecent VAT changes for private schools have introduced uncertainty for further education (“FE”) colleges, particularly around whether fee-based education, wholly or partly in return for a fee, remains exempt.
13 October 2025
VAT bites hard: HMRC expands the confectionary netHMRC has launched a sustained campaign to widen the definition of ‘confectionery’ for VAT purposes, and the Courts are increasingly siding with them. What began as isolated disputes over niche products has snowballed into a fundamental shift in how ‘sweet’ items are treated, with far-reaching consequences for food producers, wholesalers and retailers.
30 September 2025
Navigating the IHT Reform: What it means for rural businessesThe proposed changes to the rules for Inheritance Tax (IHT) for assets qualifying for Agricultural Property Relief (APR) and Business Property Relief (BPR) have been a hot topic for close to a year now. The upcoming changes have meant that families must consider their IHT exposure and options available to mitigate, a key one being by making lifetime gifts.
26 September 2025
Generational pension planning: can your pension help fund the next generation’s retirement?If you’ve come to the realisation that you have more than you will need in your lifetime, thoughts may turn to those who you would like to benefit. More and more, we’re helping clients make the most of both their finances, and that of future generations. Have you considered if you could be doing more to give those closest to you a financial step up? Experience shows us gifting provides considerable personal satisfaction as well as minimising any potential inheritance tax (IHT) burden.
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