What you need to know before MTD begins

With just a few weeks to go until the new tax year, many businesses are preparing for the changes that Making Tax Digital (MTD) will bring. From April, sole traders and landlords with an income of over £50,000 will need to submit quarterly updates to HMRC.

#MTD #ITSA

Employment Rights Act

Upcoming changes from April 2026 to be aware of.

#SSP #FamilyFriendlyRights #RedundancyRights #FairWorkAgency

With just a few weeks to go until the beginning of a new tax year, a new round of tax changes take effect from April 2026.  

Here is a run-through of some of the changes you may want to be aware of. 

#Tax #TaxChanges #Tax2026

The government has announced a major change to the agricultural property relief (APR) and business property relief (BPR) reforms that will take effect from 6 April 2026. 

Now is a good time to check that you are making the most of available reliefs and allowances available to you.

#TaxNews #Reliefs #Allowances

From 6 April 2026, employees will no longer be able to claim a tax deduction from their earnings in respect of expenses incurred while working from home. 
#WorkingFromHomeExpenses #WFH #TaxDeductions

On 26 November 2025, Chancellor Rachel Reeves presented her second Budget to Parliament.

The Budget contained measures that will affect both individual taxpayers and businesses. We have summarised the key changes. Please contact us if you wish to discuss any matters in more detail.
#Budget #Tax #TaxNews

A summary of the key announcements from Budget 2025

#Budget2025

The government has announced the new minimum wage rates that will come into force from 1 April 2026. 

#NMW #NationalMinumumWage #Apprentice

Some self-employed taxpayers who filed their 2024/25 self-assessment tax return may have been incorrectly asked to pay class 2 national insurance contributions (NIC) on their SA302 tax calculation. HM Revenue & Customs (HMRC) has now confirmed that this issue has been fixed. 
#SA302 #NationalInsurance #NI #Self-Employed

Legislation has been passed by Parliament that defines which properties are eligible for the new Retail, Hospitality and Leisure (RHL) business rates multipliers which come into force on 1 April 2026. HM Treasury has also provided guidance to local authorities on how to apply these regulations. 

The government has confirmed how the new Renters’ Rights Act will be phased in, setting out a three-phase approach that runs from May 2026 through to the end of the decade. 

For many sole traders and small business owners, reviewing their accounting system only happens when something forces the issue. For instance, many sole traders are currently looking at whether their accounting system meets the requirements for Making Tax Digital for Income Tax. 

However, even without a regulatory change, reviewing your accounting systems can yield benefits. The right system can save you time, reduce errors and give you better insight into your business’s finances. 

Here are some practical points to consider. 

The Prudential Regulation Authority (PRA) has confirmed that the Financial Services Compensation Scheme (FSCS) deposit protection limit will increase from £85,000 to £120,000 from the start of December. 

What do you need to know? 

As of 18 November 2025, identity verification will become a legal requirement for all company directors and People with Significant Control (PSCs). This is part of a wider reform under the Economic Crime and Corporate Transparency Act 2023, and it’s set to impact millions of individuals connected to UK companies. 

If you're a company director or PSC, this change will affect you, and it’s important to understand what is required, and when. 

Macmillan coffee morning fundraiser. Thank you to all who came along and supported our event.

Form VAT652 (Error Correction) was withdrawn on 8 September 2025.

If the errors cannot be amended on the VAT return, they must be disclosed using HMRC’s online error correction service. 

The Chancellor will deliver the Autumn Budget 2025 on 26 November 2025.

UK-based holders of cryptoassets will have to provide personal details to their crypto service providers or face penalties of up to £300 from HMRC. 

#UKCrypto #CryptoTaxUK #CryptoRegulation

Parents of 16 to 19-year-olds will receive reminders from HMRC to extend their Child Benefit claim by 31 August if their child is staying in education or training or payments will automatically stop.

#ChildBenefit #16to19