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A significant shift has occurred in the trading relationship between the United Kingdom and the United States. The Prime Minister has successfully negotiated a new trade arrangement with the US, delivering substantial advantages for British exporters, with particular benefits for the automotive and metals sectors. This agreement, coupled with an unexpected trade deal between the US and China, represents a fundamental transformation in global commerce that could create opportunities for your UK enterprise.

Following the Spring Statement delivered on 26 March 2025, British businesses are now facing heightened examination of their tax submissions.

UK manufacturing and engineering sectors have consistently led the way in innovation whilst operating within highly competitive marketplaces. To maintain competitive advantage in these industries, companies must develop sophisticated processes, groundbreaking products and specialised equipment. These essential developments involve considerable investment and risk, making Research and Development (R&D) expenditure necessary for continued success.

With Employer National Insurance Contributions (NICs) increasing in April 2025, businesses across the UK are concerned about the substantial financial impact these changes will bring.

Whilst most business owners recognise that capital allowances offer tax relief on plant and machinery, it's less commonly known that 'Plant and Machinery' lacks a statutory definition.

In July 2024, Chancellor Rachel Reeves signalled a transformative approach to governmental financial communications, committing to a more focused strategy with a single comprehensive budget-type event annually. The 2025 Spring Statement embodied this new vision, departing from the conventional Treasury ritual of the iconic red box presentation and sweeping tax declarations.

Employee-owned businesses are transforming the UK corporate landscape, with Employee Ownership Trusts (EOTs) emerging as a revolutionary succession planning tool. Since their inception a little over a decade ago, this model has evolved from an alternative ownership structure to a mainstream business strategy, adopted by organisations ranging from local enterprises to major corporations.