KST Accountants - UK Inc. London

A useful day today at Accountex London with plenty of discussion around Making Tax Digital for Income Tax and what the upcoming changes will mean for self employed individuals and landlords.

At KST Accountants, we are already helping clients prepare early and stay organised ahead of the changes.

Back from today’s IFA branch meeting, where the main message was clear: HMRC is putting more focus on compliance and investigations.

A good reminder for all businesses to keep records tidy and deal with things before they become a problem.

https://www.bbc.co.uk/news/live/cg4gzr56wd2t

UK inflation rate falls to 3% helped by cost of petrol and bread - follow live The latest rate, which covers the year to January, is a drop from the previous 3.4% - but it remains above the Bank of England's 2% target.

https://www.bbc.co.uk/news/live/cn4d8p1gj2et

Bank of England cuts rates to 3.75% The Bank's governor says interest rates are on a "gradual" downward path, and decisions around future cuts will be "a closer call".

The Autumn Budget includes a major welfare change. Scrapping the two child cap will widen support for larger families and increase government spending.

Budget in brief: what you need to know A quick guide to Rachel Reeves’ main policy announcements and official economic forecasts

Just back from a really informative Institute of Financial Accountants seminar, with a detailed session led by an HMRC specialist on Making Tax Digital. There’s a lot to take in, and plenty of changes on the horizon.

Delighted to attend the Croydon AI Summit 2025

Last week I had the opportunity to attend the Croydon AI Summit, and it was an incredible experience — far more insightful than I expected. With over 500 people attending throughout the day, the event brought together brilliant minds, practical ideas, and inspiring conversations about how AI is shaping the future of business.

A special thank you and congratulations to the organisers for delivering such a well-run and engaging summit. I came away with a lot of valuable insights that I’m excited to bring back to my work at KST.

https://www.bbc.co.uk/news/articles/cly9m4lqznro

Government borrowing hits highest August level for five years Higher than expected borrowing adds to the pressure on the chancellor ahead of the Budget.

https://www.telegraph.co.uk/business/2025/08/07/house-prices-climb-by-fastest-rate-in-six-months/

UK interest rates latest: Bank of England cuts rates to two-year low amid sluggish growth The Bank of England cut interest rates to 4pc as it warned Rachel Reeves’s tax raid was driving up prices in shops.

https://www.accountingweb.co.uk/tax/hmrc-policy/hmrc-scraps-mtd-for-corporation-tax?cm-uuid=73749021-3746-4519-b6d7-67a298da999d&utm_medium=email&utm_campaign=AWUKTUE220725&utm_content=AWUKTUE220725+CID_0b17ec2d6b8969ef1a4c83ff674295d5&utm_source=internal_cm&utm_term=HMRC%20scraps%20MTD%20for%20corporation%20tax

HMRC scraps MTD for corporation tax Tucked away in HMRC’s transformation roadmap [1] was the news that the tax department is abandoning Making Tax Digital for corporation tax (MTD for CT).