Hansen Sweeney

Consumer Credit Act reformed to protect consumers and support modern finance

The government will modernise the Consumer Credit Act for the first time in over 50 years, giving consumers clearer information and firms the flexibility to innovate.

https://www.gov.uk/government/news/consumer-credit-act-reformed-to-protect-consumers-and-support-modern-finance

Consumer Credit Act reformed to protect consumers and support modern finance The government will modernise the Consumer Credit Act for the first time in over 50 years, giving consumers clearer information and firms the flexibility to innovate.

Creative Industry tax reliefs for Corporation Tax

Check if your creative industry company qualifies as the production company for Corporation Tax reliefs or expenditure credits.

You must now include the CT600P Creative Industries supplementary page in order to make a valid claim.

https://www.gov.uk/guidance/corporation-tax-creative-industry-tax-reliefs

Creative industry tax reliefs for Corporation Tax Check if your creative industry company qualifies as the production company for Corporation Tax reliefs or expenditure credits.

Watch out, prediction markets. The 'super apps' are coming.

Super apps are loosely defined as apps that subsume most of the reasons people look at their phones — messaging, shopping and payments, social media and news. The model is China's WeChat, which combines social media, mobile payments and messaging.

https://www.businessinsider.com/next-summit-prediction-markets-super-apps-2026-3

Watch out, prediction markets. The 'super apps' are coming. Did you think prediction markets were all the rage? Time to learn about "super apps."

Revolut launches UK bank after securing full regulatory licence

Revolut Bank UK Ltd has officially received a full banking licence from the Prudential Regulation Authority (PRA), enabling the FinTech to operate as a fully authorised UK bank for the first time.

The approval allows Revolut to offer retail and business accounts with deposits protected by the Financial Services Compensation Scheme, and follows a four-year licensing process.

https://www.fstech.co.uk/fst/Revolut_Launches_UK_Bank_After_Securing_Full_Regulatory_Licence.php

Revolut launches UK bank after securing full regulatory licence Revolut Bank UK Ltd has officially received a full banking licence from the Prudential Regulation Authority (PRA), enabling the fintech to operate as a fully authorised bank in the UK for the first time

864,000 sole traders and landlords face new tax rules in two months

Sole traders and landlords earning more than £50,000 from self-employment and property are urged to act now with two months left to prepare for Making Tax Digital (MTD) for Income Tax.

If you have any questions, queries or need more information, please contact us, we are happy to help.

https://www.gov.uk/government/news/act-now-864000-sole-traders-and-landlords-face-new-tax-rules-in-two-months

Act now: 864,000 sole traders and landlords face new tax rules in two months More than 860,000 sole traders and landlords need to start using digital tax reporting from 6 April.

Business investment boost with new government tax relief

A new 40% permanent first-year allowance for main-rate plant and machinery, to support business investment and growth, is in effect. This new relief will mean businesses can deduct much of the cost of their investment in the year they make that investment, cutting their tax bill.

Business investment boosted with new tax relief taking effect today Businesses to receive boost to investment as a new first-year allowance takes effect today (Thursday 1 January), as the government continues its drive to make Britain the best place to do business.

Season’s greetings to all of our clients and associates. We’re wishing for a prosperous 2026 to you all.

Please note our office will be closed on 25 December 2025 through to our return on Friday, 2 January 2026.

Making financial gifts to loved ones? Write it down or risk giving an IHT bill too

Giving gifts can be a way to pass on wealth and reduce the inheritance tax bill on your estate, but do it wrong and you could leave family and friends more than they bargained for.

https://moneyweek.com/personal-finance/inheritance-tax/financial-gifts-iht-bill

Making financial gifts to loved ones? Write it down or risk giving an IHT bill too Giving gifts can be a way to pass on wealth and reduce the inheritance tax bill on your estate but do it wrong and you could leave family and friends more than they bargained for.

UK Budget 2025 — What It Means for US/UK Dual Taxpayers:

The UK’s 2025 Budget brings mixed news for personal taxpayers. While measures like scrapping the two-child policy, increasing the minimum wage, and boosting state pensions offer some relief, there is also a quirky twist — a tax that decided to check out early instead of sticking around for the jackpot: Bingo Duty is gone from April 2026!

However, beyond the fun headline, several changes are set to increase tax liabilities, especially for dual taxpayers. Read our latest post outlining what you need to know: https://hansensweeney.co.uk/uk-budget-2025-what-it-means-for-us-uk-dual-taxpayers/

UK Budget 2025: What It Means for US/UK Dual Taxpayers The UK’s 2025 Budget brings mixed news for personal taxpayers. While measures like scrapping the two-child policy...

UK interest rates: MPC holds rates at 4%

The Bank of England’s Monetary Policy Committee has held UK interest rates at 4%. What does it mean for your money?

https://moneyweek.com/news/live/economy/uk-interest-rates-november via

UK interest rates: MPC holds rates at 4% The Bank of England’s Monetary Policy Committee has held UK interest rates at 4%. What does it mean for your money?