Weekly Business News - 18 August 2025

 This week we take a comprehensive overview of several key business and regulatory updates impacting individuals and companies in the UK. Outlining the legal duties of company directors under the Companies Act 2006, highlighting responsibilities from promoting company success to avoiding conflicts of interest. Significant changes to taxation are detailed with the rollout of Making Tax Digital for Income Tax, mandating digital record-keeping and quarterly submissions for many sole traders and landlords. Furthermore, evolving environmental regulations, including new fees for packaging under the Extended Producer Responsibility (pEPR) scheme and a shift in financial responsibility for electrical waste recycling to online marketplaces. Finally, there's a discussion of the UK labour market's gradual cooling and an expansion of the Electric Car Grant, alongside the tax advantages of electric company cars, reflecting efforts to promote sustainable transport.. 

Simply Accounts & Tax

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