Pinfields - News | Chartered Accountant in Worcestershire

Major business consequences of Deposit Return Scheme Manufacturers, importers, wholesalers and retailers are being warned that significant regulatory change is coming under the Deposit Return Scheme (DRS).

Value of R&D relief up, number of claims down New research on companies claiming Research and Development (R&D) tax credits shows the value of tax relief support was £8.2 billion, an increase of 5%, while the number of R&D tax credit claims decreased by 17% for 2024-25.

Small manufacturers can apply for electricity-cost relief Small businesses can now benefit from a new electricity-cost relief scheme that was launched on 1 October. Applications close on 30 November 2026.

Have you checked your labour supply chains? New laws from the beginning of the month make it critical for companies that rely on subcontractors, agency staff or complex labour supply chains to review their compliance procedures to identify employees who do not have the right to work in the UK.

Businesses worry legislative tax burden is increasing The annual report from the Administrative Burdens Advisory Board (ABAB) shows a slight improvement in HMRC’s performance but there is a rising concern over legislative burden and continued difficulties with communication channels.

Consultation on modernising corporate reporting A new consultation that proposes loosening the rules on company reporting standards could both benefit companies and give cause for concern.

Companies House warns directors to avoid prosecution Directors are being warned to verify their identities with Companies House or risk prosecution after the Insolvency Service secured its first convictions for these offences.

Getting monthly Construction Industry Scheme (CIS) returns correct Members of the Construction Industry Scheme (CIS) are due to get letters from HMRC where errors have been identified in their monthly returns. The letters, due in October, are in response to three common errors identified by HMRC.

Britain's insidious long-term workers' absence Britain’s companies are facing a critical challenge with over one in five working-age adults out of the workforce, with ill-health and disability as major drivers.

Changes to Self Assessment reporting for directors HMRC have clarified the position on Self Assessment tax return reporting requirements for directors of close companies and updated their guidance for directors of charities.

Update on UK VAT refunds for non-UK businesses HMRC have updated guidance on UK VAT refunds for non-UK businesses in a VAT group. Revenue & Customs Brief 10 (2026) explains changes to how non-UK businesses in a VAT group should make future UK VAT refund claims and the transitional arrangements. It also explains how to ask HMRC to reconsider claims made since 1 January 2021 that have been refused.

England’s new tourist tax Mayors across England are to be given the power to charge a tourist tax on overnight stays which would apply to British and foreign visitors alike.