Tax

Budget business rates plan ‘an attack on London and the Southeast’, says Colliers

Business rates changes announced in the November Budget 2025 amount to “an attack on London and the Southeast”, according to Colliers, which said most of the firms facing higher charges under the new system are based in the two regions. The comments came as the government confirmed that overall business…

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BUDGET: Income tax bands frozen, minimum wage to increase, NI-exempt pension threshold scrapped

Income tax and NI thresholds will be frozen while the minimum wage will rise by 50p from April 2026, the chancellor Rachel Reeves said in her Autumn Budget statement today. Reeves announced a series of tax changes in other areas, including salary-sacrificed NI contributions on pensions, as part of measures to…

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Pets at Home HY profits fall 29% to £36m

Pets at Home has announced that its statutory profit before tax fell 29.1% to £36.2m for the 28 weeks ended 9 October 2025. The retailer saw its retail arm underlying profit before tax fall 84.1% to just £3.5m. This came despite the fact its vet arm posted an underlying profit…

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Sosandar H1 revenues jump 15% as own-site drives growth

Sosandar has reported that revenues jumped 15% to £18.7m for the six month to 30 September, as own-site sales and stable margins helped to support its performance.  According to the fashion company, trading in the period was in line with expectations for the full year.  The AIM-listed business saw own-site…

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AO World revenues and profits climb amid stronger membership uptake

AO World has reported revenues of £586m, up 14% year-on-year, with business-to-consumer retail sales rising 12% to £423m for six months ended 30 September.  The group stated that growth was supported by rising market share and continued take-up of its Five Star membership programme. Profit before tax also increased to…

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Monsoon Accessorize returns to profit

Adena Brands, the parent company of Monsoon Accessorize and East, has revealed that it has returned to profit with a profit before tax of £1m for the year ended 30 August 2025. Furthermore, the company revealed that its sales grew by 4% to £212m and its EBITDA rose by £10.4m…

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Reeves to delay end of low-value import tax break until 2029

Britain will scrap the long-standing tax exemption on low-value imports in 2029, delaying a move sought by major retailers who say the current regime hands an advantage to fast-growing overseas platforms, The Times has reported. It comes as the Treasury has confirmed it will abolish the “de minimis” rule –…

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ASOS losses narrow in FY25 amid cost cutting strategy

ASOS has narrowed its adjusted losses before tax from £181.2m to £98.2m in the 52 weeks to 31 August, as cost reductions and a stronger full-price sales mix lifted profitability.  The online retailer delivered adjusted EBITDA of £131.6m for the year, up £51.5m on 2024. Gross margin rose to 47.1%,…

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JD Sports warns of future volatility despite Q3 sales rise

JD Sports has seen total Q3 sales rise by 8.1%, but has warned that volatility and rising unemployment may hit its full-year profits. In the UK, like-for-like sales were down by 3.3% amid a “tough consumer backdrop and unseasonably warmer weather” in September, which hit apparel sales and the group’s Outdoors…

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Games Workshop HY profits to be no less than £135m

Games Workshop has revealed that it expects its profit before tax to be no less than £135m for the half year ended 30 November 2025, an increase from the £126.8m it posted in the same period last year. The company had previously warned that Donald Trump’s tariff measures could wipe…

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