Autumn Budget 2026 – The Complete Summary
Chancellor John Healey stated in his first Budget that it was his intention to give Britain some breathing space on the cost of living and the cost of business, while maintaining financial discipline and complying with his fiscal rules. In this document we have summarised the main tax proposals and their impact, and also included […]
Autumn Budget 2026 – The Key Takeaways
Overview This list includes coming changes that have already been announced, as well as those that the Chancellor introduced today Measures which will not take effect until future dates are listed separately below Implemented immediately VAT zero rate on domestic energy bills extended to July 2027 From January 2027 Household energy payment of […]
Autumn Budget 2026: HB&O Live Updates and Expert Commentary
Follow our live updates as the Chancellor delivers the Autumn Budget 2026. HB&O’s specialists will share their initial reactions to the key announcements and outline the potential implications for businesses and individuals. Helen Coombes Head of Tax Jessica Mason Head of VAT Vanessa Glenn Senior Tax Manager Mark Johnson Corporate Tax Manager Chris Sudbury Tax […]
Anu Muthulingam qualifies as a Chartered Certified Accountant!
Huge congratulations to our newest Chartered Certified Accountant! We’re thrilled to share that Anu Muthulingam, based in our Leamington Spa office, has recently become ACCA qualified. Anu joined HB&O in 2023 after attending one of the firm’s Trainee Assessment days and has spent the years since training with the team and working towards this qualification. […]
How HB&O is taking a different approach to AI in accountancy
The conversation about Artificial Intelligence in UK accountancy has rarely been louder. The sheer scale of AI-led discussions at this year’s Finance, Accounting and Bookkeeping (FAB) Show was further evidence of this meteoric rise in interest and thirst for knowledge. But, in an increasingly saturated field, how many accountancy practices are taking the AI conversation […]
HB&O awards further promotions
A leading Midlands accountancy firm has announced a series of promotions as it continues to invest in developing talent. HB&O, which has offices in Birmingham, Coventry and Leamington, has promoted eight members of staff across a range of grades, recognising their contribution to the firm’s continued growth and commitment to client service. The promotions include […]
MTD Self Assessment Penalty Changes: What You Need to Know
If you are within the scope of Making Tax Digital for Income Tax, or approaching the threshold that will bring you into scope, there is an important change to the penalty regime that you need to understand. The way HMRC charges penalties for late submissions and late payments is changing under MTD for Self Assessment, […]
Major Changes Coming to UK-EU Shipping of Goods: The 2026 Customs Overhaul Explained
If your business ships goods from the UK into the European Union, an important change is coming on 1 July 2026. The EU is removing the traditional duty-free exemption for low-value imports and replacing it with a mandatory €3 customs duty on low-value parcels. Here is what that means in practice, and what you can […]
Temporary VAT Reduction on Children’s Meals and Family Attractions: What Businesses Need to Know
The government has announced a temporary VAT reduction that will affect a wide range of consumer-facing businesses this summer. From 25 June 2026 to 1 September 2026, a reduced rate of VAT of 5% will apply to certain supplies of children’s meals, children’s admission tickets, and entry to qualifying family attractions. This replaces the standard […]
Football stars sign up to HB&O’s new sports finance support
HB&O have launched a new company to provide specialist tax and financial support to professional sportspeople. HB&O Sports Management is dedicated to helping athletes, agents and clubs to manage their finances with confidence. The company aims to simplify matters like tax returns, efficiency, rebates and HMRC correspondence. Offering financial education and long-term planning so that […]
Inheritance Tax (IHT) on Pensions: What the 2027 Changes Mean for You
For decades, leaving your pension untouched has been one of the most effective inheritance tax planning strategies available. Typically, pensions sat outside of estates for IHT purposes, meaning whatever was left in your pot when you died could pass to your loved ones free of inheritance tax. However, from 6 April 2027, that strategy is […]
Young racer on track to emulate F1 heroes after sponsorship deal with HB&O
A talented young racing driver is on track to emulate his hero Lando Norris after signing a sponsorship deal with HB&O this year. Six-year-old sensation Aidan Castleman, from Wolvey, defied the odds – against older drivers and teams with bigger budgets – to finish sixth in his first season in the Super One Series, a […]