The Office for National Statistics (ONS) regularly reports on how UK businesses feel about the economy, their concerns, and assessment of their performance.
For some time, the most recurrent challenge cited has been how to deal with economic uncertainty.
But a new trend is starting to emerge, with a growing number of businesses citing tax as a key concern for the immediate future. After falling demand, tax is the most common headache reported by the businesses surveyed, and it’s been steadily rising up the rankings since summer 2024. It’s probably no surprise, in view of developments like the increase in employer National Insurance costs, which are now just beginning to bed in after 6 April 2025.
In the current economic climate, it can be valuable to monitor on a regular basis the options that could be available to your business. We are more than happy
to help you review costs, pricing, overall profitability and business strategy. We can help you check that you are maximising tax allowances and reliefs available, as well as advising on how best to structure and remunerate your workforce.
If you would like to speak with one of our specialist advisers and discuss this further, please email solutions@ellacotts.co.uk or call us on 01295 250401.
* Information for readers: This material is published for the information of clients. It provides only an overview of the regulations in force at the date of publication, and no action should be taken without consulting the detailed legislation or seeking professional advice. Therefore, no responsibility for loss occasioned by any person acting or refraining from action as a result of the material can be accepted by the authors or the firm.
Business Newsletter – May 2025
