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Autumn Budget 2025
On 26 November Chancellor Rachel Reeves will deliver her second Budget, continuing her mission to reshape the UK’s economic landscape under the Labour government.
This budget faces several critical challenges, including speculations surrounding fiscal deficit, weak economic growth, and the need to boost productivity without breaching Labour’s tax pledges.
We are pleased to invite you to our live online briefing seminar, where our tax experts will unpack the budget announcements, explore their implications for businesses and individuals, and offer practical insights into adapting your tax planning strategies. | Details for our seminar:
Date: Thursday 27 November 2025 Timings: 9:30am - 11:00am Venue: Online Seminar (we will send out the joining instructions the day before) | | Latest HMRC statistics on R&D tax relief
Latest HMRC statistics on R&D tax relief suggest a new era of scrutiny but stronger outcomes for genuine innovators.
Published in September 2025, the statistics confirm what many in the innovation community have felt over the past year - the landscape for claiming R&D tax relief has fundamentally changed: - Total claims down 26%
- SME claims down 31%
- New compliance rules and documentation requirements are changing the landscape
Sam Swansborough, Business Tax Director at James Cowper Kreston, commented: “The regime is evolving to better target genuine innovation. Forward-thinking businesses are using this as an opportunity to strengthen their processes, demonstrate the real impact of their R&D, and maximise claim value.”
Read our full article by clicking below.
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Catch up on our latest webinar: Carbon Accounting - the new reporting requirement and why it’s important for your business | |
Hosted by one of our carbon accounting experts, Fiona Hawkins and Beau Bartlett, from our Carbon Reporting Partners, Trace, our webinar brings you up to speed on carbon and sustainability reporting to ensure your business remains complaint.
In the past 12 months, 46% of companies have been asked for their carbon data, primarily as part of tenders from large organisations. | | | |
During our webinar we covered the following topics: - What is carbon data and why are organisations requesting?
- Why does my business need a plan?
- How our Carbon Accounting services can help you to confidently report on your carbon, reduce emissions and stay compliant
To watch our webinar, please click below. | |
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Understanding IOSS and OSS: simplifying EU VAT compliance for cross-border sale | |
The Import One-Stop Shop (IOSS) and One-Stop Shop (OSS) schemes were introduced by the EU to streamline VAT compliance for businesses engaged in cross-border sales of goods and services. These mechanisms are part of the EU’s broader VAT e-commerce package that came into effect on 1 July 2021, aiming to reduce administrative burdens and improve VAT collection across member states. | | | |
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Q3 2025 Quarterly Economic Survey Report | |
The Q3 2025 Quarterly Economic Survey reveals that confidence remains strong among regional businesses, with around 80% expecting turnover growth and over 60% anticipating improved profitability, supported by a rise in UK and overseas sales. However, challenges persist: 67% of firms are operating below full capacity, and cost pressures (particularly from labour, taxation, and raw materials) remain significant. | | | |
While recruitment difficulties continue to affect many employers, the region’s resilient performance and growing export activity suggest that the Thames Valley economy is well positioned for recovery if cost and capacity constraints can be addressed.
To read our article and download a copy of the report in full, please click below. | |
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James Cowper Kreston named one of the Top Accountancy Firms by eprivateclient | |
We’re pleased to announce that James Cowper Kreston has once again been named one of the UK’s Top accountancy firms for 2025 by eprivateclient sponsored by EFG Private Banking.
This respected annual ranking showcases the UK’s leading accountancy firms advising private clients, their families, and their businesses both domestically and internationally on a wide range of tax and financial matters. | | | |
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VAT and temporary movement of horses in and out of the UK | |
The temporary movement of horses across UK borders, whether for racing, breeding, training, or competition, requires careful navigation of VAT and customs rules, particularly post-Brexit. | |
Temporary Admission Relief
Horses temporarily imported into the UK may qualify for Temporary Admission (TA), a customs procedure that provides full relief from import VAT and customs duties, provided the horse is re-exported within a set timeframe (usually within 2 years). This is particularly relevant for horses entering the UK for short-term events or training.
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In times of uncertainty, businesses and their stakeholders need the certainty of advisers they can trust | |
The level of economic uncertainty for businesses and individuals we are experiencing now is almost unprecedented, spurred by: - Global political challenges with the continuing war in Ukraine and the continued instability in the Middle East despite the ceasefire
- The volatility in global markets and trading relationships in part impacted by the tariffs position stimulated by President Trump in the “America First” campaign
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Maximise your business potential - Complete our strategic business health check now! | |
The UK government has announced important tax and business reforms that make proactive financial planning more vital than ever for business owners. To help you stay compliant and identify opportunities, we’ve designed a short questionnaire that addresses key planning areas such as: - Business Property Relief (BPR)
- Salary sacrifice arrangements
- Employee share schemes
- And more...
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Once completed, you’ll receive a tailored PDF summary highlighting areas for potential tax efficiency and strategic planning based on your responses. Don’t miss out on tailored advice for staying compliant and maximising tax reliefs - ensure your business is ready to adapt, thrive and grow, take the questionnaire by clicking below. | |
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James Cowper Kreston is a leading firm of accountants and business advisers with offices across the South of England. We deliver focused, innovative advice to a diverse range of businesses and individuals helping our clients to maximise their potential.
If you have any questions about the topics covered in this newsletter or want to explore how we can help you please contact us here:
Email: info@jamescowperkreston.co.uk
Call: 01635 35255
James Cowper Kreston
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The information in this newsletter must not be relied on as giving sufficient advice in any specific case.
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