Tax Diary April/May 2026
1 April 2026 - Due date for corporation tax due for the year ended 30 June 2025.19 April 2026 - ...
Still time to top up your pension contributions
With the end of the 2025–26 tax year approaching on 5 April 2026, there is still time for taxpayers to ...
Who will be subject to MTD for IT from 6 April 2026
Taxpayers who are self-employed or receive rental income should check whether they will be subject to Making Tax Digital for ...
Seven million people started new jobs in 2025
New figures published by HMRC show that more than 7 million people started a new job in 2025, an increase ...
Tax allowances frozen for 2026-27
It was confirmed as part of the Autumn Budget that the Income Tax thresholds will continue at their current levels ...
Changes to the calculation of Income Tax
A number of changes to the taxation of dividends, property income and savings income were announced in the Autumn Budget ...
Increase in company late filing penalties
After the end of its financial year, a private limited company must prepare full annual accounts and submit a company ...
Accelerate Return on Investment
The speed with which a business can achieve a return on investment is often just as important as the size ...
Reducing energy consumption
Reducing energy intensity is one of the most practical ways for small businesses to protect themselves from rising energy costs, ...
Loans to Participators
There are special rules to prevent close companies, generally companies controlled by a small group of individuals, from allowing directors ...
What Is a person with significant control?
A person with significant control (PSC) is someone who owns or exercises significant influence over a company. They can also ...
Meaning of “bona vacantia”
Bona vacantia is Latin term meaning “ownerless goods”. The bodies that deal with bona vacantia claims vary across the United ...
Reclaiming VAT on a self-build home project
Reclaiming VAT on a self-build home project can significantly reduce the overall cost of building or converting your property. The ...
Claiming a tax refund from HMRC
If you have paid too much tax to HMRC, you may be able to claim a tax refund. Overpayments can ...
Changes to reporting of BiKs
Mandatory payrolling of benefits in kind (BiKs) and taxable employment expenses will be introduced from 6 April 2027. This represents ...
Spring Statement 2026
The Chancellor’s Spring Statement, presented to Parliament 3 March 2026, was packed with political content that has no real impact ...
Why disregarding the minimum wage constitutes modern slavery
The National Minimum Wage (NMW) Act 1998 remains contentious, especially after the introduction of the NMW (Amendment) Regulations 2025, as ...
Renewed conflict in the Middle East
Renewed conflict in the Middle East is already having knock on effects for the global economy, and UK business owners ...