Author Archives: Pauline
Your latest news update from Companies House
In this newsletter: support with verifying your identity with Companies House our opening times over the festive period part-funded course for small business owners in January 2026 voluntary scheme now open for repayment of fraudulent COVID-19 business loans Getting support with identity verification All company directors and people with significant control need to verify their
Seasonal parties and presents – taxable or not?
Source: HMRC You may need to manage expenses and provide benefits to employees and directors as part of your payroll responsibilities. Join our live webinars to stay up to date and ask your questions anytime using the on-screen text box: Expenses and benefits for your employees – social functions and parties Register for this webinar
Beware – legally anyone can call themselves an Accountant
However, this does not mean that they are qualified for the task. Choosing an Account is not a task to undertake lightly. The term Solicitor, Independent Financial Adviser (IFA), Architect, these are protected, unlike the term Accountant, which is not protected. There are no restrictions for protection for the term Accountant, therefore, anyone can decide
Autumn Budget 2025 – information from HMRC for employers
Source: HMRC Today, the Chancellor of the Exchequer, the Rt Hon Rachel Reeves MP, made her Autumn Budget 2025 speech. We value the essential role employers play in the operation of the tax system. This email provides you with information on the key measures announced that may have an impact on your business, as well
Budget Summary – Source – Accounting Web
Tax measures Among the tax measures announced in the speech were: Extension of the personal tax bands for three further years National insurance on pension salary sacrifice Reduction in Capital gains tax relief on employee ownership trusts Mileage-based charge on electric vehicles A high-value council tax surcharge on properties worth over £2m Freeze on fuel
Verify your identity for Companies House
From 18 November 2025, all new and existing company directors and people with significant control (PSC) will need to verify their identity with Companies House. More than 1 million people have already verified their identity since we rolled out our identity verification service on a voluntary basis in April. Read more about verifying your identity
Your guide to VAT returns and schemes
Source: HMRC Running any business is demanding – and VAT can be one of those tricky areas. Whether you’re just starting out or need help with VAT returns or accounting schemes, we’re here to support you. Join our live webinars throughout which you can ask questions by using the on-screen text box: VAT – the
Expenses when working remotely or on the move
Source: HMRC Do you reimburse expenses or provide benefits to your employees or directors? Join our live webinar to learn how these payments affect tax and National Insurance (NI). During the live session, you’ll have the opportunity to ask questions using the on-screen text box: Expenses and benefits for your employees – if
This is a scam please delete if you receive it
Confirm Your MTD Gateway Credentials Dear Customer, As part of an ongoing system update, we’re asking all VAT-registered agents to confirm their access credentials for the HMRC Making Tax Digital (MTD) gateway to ensure continued uninterrupted access. Please take a moment to confirm your MTD connection securely using the link below: LINK – disabled This
Latest update from Companies House
In this newsletter: identity verification will be required for all company directors and people with significant control (PSCs) from 18 November 2025 the Small Business Charter offers help for small business owners take part in research about payments to Companies House a reminder to check your registered email address Companies House confirms
Capital Gains Tax — work out your adjustment for the 2024 to 2025 tax year
Source: HMRC At the Autumn Budget 2024, the government announced changes to the main rates of Capital Gains Tax (CGT). For the 2024 to 2025 tax year individuals, trustees and personal representatives will need to take additional steps to calculate their CGT if they made disposals on or after 30 October 2024. This excludes: · Residential property · Business
Reporting expenses and benefits for the tax year ending 5 April 2025 P11D and P11D(b) deadlines
Source: HMRC For those employers who do not yet payroll, the deadline for reporting P11D(b) Class 1A National Insurance contributions, P11D expenses, and benefits in kind provided in the 2024 to 2025 tax year, is 6 July 2025. Your P11Ds and P11D(b) must be filed online and at the same time. Late submission may result in
Employer National Insurance, Employment Allowance and Small Employers’ Relief — check if changes affect your business
Source: HMRC Changes to employer National Insurance took effect on 6 April 2025. The threshold changes mean that some employers are now liable to pay employers’ National Insurance and required to report their employee pay and deductions to HMRC for the first time. The changes will usually have been incorporated into existing payroll software for
Student loans thresholds, rates and loan start notices
The new student loan plan and postgraduate loan thresholds and rates from 6 April 2025 are as follows: · plan 1: £26,065 · plan 2: £28,470 · plan 4: £32,745 · postgraduate loan: £21,000 Deductions for: · plans 1, 2 and 4 remain at 9% for any earnings above the respective thresholds · postgraduate loan
New rates of the National Minimum Wage
Source: HMRC National Minimum Wage (NMW) and National Living Wage (NLW) are the lowest rates of pay per hour that most workers must be paid by law. It does not matter how many workers you employ, you must pay at least NMW or NLW. Rates increase on 1 April each year. This means employers need to use the new
Rates and thresholds for employers 2025 to 2026
Source: HMRC Use these rates and thresholds when you operate your payroll or provide expenses and benefits to your employees. Top of Form Bottom of Form Unless otherwise stated, the following figures apply from 6 April 2025 to 5 April 2026. PAYE tax and Class 1 National Insurance contributions You normally operate PAYE as part of
Identify tax scam phone calls, emails and text messages
Source: HMRC Use a checklist to decide if a suspicious contact is a scam and not a genuine phone call, text message (SMS) or email. Check what to look for first Use the following checklist to decide if the contact you’ve received is a scam. You can use it for phone calls, emails and text
Happy New Tax Year!
As of today you are able to file your 2024-25 Self-Assessment Tax Return. Although you have until 31st October 2020 to file a paper return and 31st January 2026 if you plan to file online, there are notable advantages of filing early: · If you file your return early you have the advantage of knowing your
Go Paperless with the HMRC App
Go Paperless with the HMRC App www.gov.uk/hmrc/app
Identify tax scam phone calls, emails and text messages
Source: HMRC Use a checklist to decide if a suspicious contact is a scam and not a genuine phone call, text message (SMS) or email. Check what to look for first Use the following checklist to decide if the contact you’ve received is a scam. You can use it for phone calls, emails and text
Making Tax Digital Update
Despite a lot of delay this is finally happening and is the biggest shake up of the tax system since self assessment was introduced. The new system will be brought in in stages. The first stage will be 5th April 2026 and will affect all clients with self-employed Gross turnover and/or rental income of £50,000
Basis period reform — reporting on a tax year basis
Source: HMRC From April 2024, if you are self-employed or in a trading partnership, you have to report your profits on a tax year basis. Although businesses remain free to choose their accounting date and can prepare accounts to any date in the year, if they do not do so to a period between 31
Company cars — classification of double cab pickups
Source: HMRC Following the Government’s Autumn Budget 2024 announcements, HMRC has published new guidance regarding a change in the interpretation of how double cab pickup (DCPU) vehicles should be classified for car benefit, capital allowances and some deductions from business profits purposes. The current treatment of DCPU vehicles as outlined in Employment Income Manual (EIM23150) was adopted from 2002
Employer Bulletin
Source: HMRC In this month’s edition of the Employer Bulletin there are important updates and information on: PAYE end of year reporting employers PAYE and Construction Industry Scheme repayments basic PAYE Tools — new release electronic payment deadline falls on a weekend payrolling employees’ benefits and expenses reporting expenses and benefits for the tax year ending 5 April 2025