With the start of the new tax year on 6 April 2025, businesses must prepare for several key tax changes and initiatives introduced in the 2024 Autumn Budget under the new Labour government.

A survey of 2,000 UK car owners conducted by used car retailer Motorpoint revealed that 83% of EV owners were unaware of the impending increase in vehicle excise duty (VED) tax from April 2025.

Businesses and directors need to be aware of the changes to employment law and specific taxes coming into effect on April 1st.

There is now one merged R&D scheme for small and large companies instead of two separate schemes. In the accounting period beginning after 1 April 2024, everyone planning to claim R&D Tax Credits will be affected by the change.

As 2024 came to a close, Xero surveyed small business owners to find out how they were feeling, what was driving their positive or negative outlook, and how recent interest rate cuts had impacted their business.  

Previously over-claimed R&D tax relief can now be disclosed through a new service offered by HMRC. As a result of concerns about the high level of errors and fraud in R&D claims, the new service has been launched.

Our next charity event at Zyla Accountants will be a Christmas Jumper Day in support of Save the Children on Thursday 12 December.

The rules for claiming tax relief against your Christmas party are pretty strict, HMRC offers a few incentives if you feel festive. In order to avoid any costly mistakes, we'll discuss what you can claim for your work Christmas party, any gifts, and everything else.

We are delighted to announce Zyla's CEO Suzy Kerton has become an UAE FTA Tax Agent after passing her exams at PwC's Academy Middle East. Zyla Accountants DXB is now officially an FTA Tax Agency!

On 17 September 2024, Suzy Kerton, CEO of Zyla Accountants was delighted to attend the Legal Business Awards as a guest of RPC, and was thrilled to see the RPC Tax Disputes team win the Marketing Initiative of the Year Award.