T & A Dixon Accountancy Services

12/06/2026

P11D deadline 6 July 2026

If your business provides benefits or expenses to employees or directors, you have less than four weeks to submit your P11D forms to HMRC.

The deadline for reporting benefits and expenses for the 2025/26 tax year is 6 July 2026. By this date, employers must:
• Submit a P11D form for each employee or director who received a taxable benefit
• Submit a P11D(b) form declaring the total Class 1A National Insurance owed
• Provide employees with a copy of their P11D information

Common benefits that need reporting include company cars and fuel, private medical insurance, beneficial loans, gym memberships, personal expenses paid by the company, and assets made available for private use.

Note: if you have already registered to payroll your benefits through your payroll software, those benefits do not need to go on a P11D — but a P11D(b) may still be required.

Class 1A National Insurance on the reported benefits is due by 22 July (or 19 July if paying by cheque).

If you are unsure what needs reporting or need help pulling your P11D together, give us a call on 01388 609045 or visit tadixon.co.uk — we are happy to help.

T & A Dixon Accountancy Services | tadixon.co.uk | Bishop Auckland

09/06/2026

📊 Is your bookkeeping costing you more than you think?

Many small business owners spend hours every week wrestling with receipts, invoices, and bank statements — time that could be spent actually running your business.

Whether you're a sole trader, in a partnership, or running a Limited Company here in County Durham, keeping accurate records isn't just good practice — it's a legal requirement.

Here's what good bookkeeping gives you:
✅ A clear picture of your cash flow
✅ Stress-free tax returns
✅ Confidence when making business decisions
✅ Protection if HMRC ever comes knocking

At T & A Dixon, we've been helping small businesses in and around Bishop Auckland with exactly this for nearly 30 years. We're a family-run firm — and we treat every client like one.

📞 Call Alan today for a FREE initial consultation:
👉 01388 609045
📧 [email protected]
🌐 www.tadixon.co.uk

T & A Dixon Accountancy Services is a family-run Accountants based on the outskirts of historic Bishop Auckland. We provide Accountancy, Payroll, Taxation and Company Secretarial Services to small and medium sized business.

29/05/2026

TAX ON DIVIDEND INCOME
If you run your business through a limited company and pay yourself dividends, it is worth knowing that dividend tax rates increased from 6 April 2026.

The changes affect all taxpayers who receive dividend income above the £500 annual dividend allowance:
• Basic rate taxpayers: dividend tax rises from 8.75% to 10.75%
• Higher rate taxpayers: rises from 33.75% to 35.75%
• Additional rate taxpayers: stays at 39.35%

For a director taking £30,000 in dividends in the basic rate band, that is roughly an extra £600 in tax compared to last year. It is not enormous, but it does mean reviewing your salary and dividend mix for 2026/27 is worthwhile.

Also worth noting: the annual dividend allowance has already dropped significantly in recent years, from £2,000 to just £500. Combined with the rate rise, the tax cost of dividend income has increased considerably over a short period.

If you would like to review the most tax-efficient way to take income from your company this year, give us a call on 01388 609045 or visit tadixon.co.uk. We are happy to run through the numbers with you.

T & A Dixon Accountancy Services | tadixon.co.uk | Bishop Auckland

19/05/2026

MTD UPDATE

If you are a sole trader or landlord earning over £50,000 a year,

Making Tax Digital for Income Tax is now live — and your first quarterly deadline is approaching fast.

The first quarterly update covers the period from 6 April to 5 July 2026 and must be submitted to HMRC by 7 August 2026. That is just eleven weeks away.

Here is what you need to have in place right now:
• Digital records: every transaction from 6 April onwards must be recorded using MTD-compatible software. Paper records and standard spreadsheets alone no longer meet HMRC's requirements.
• Compatible software: you must use HMRC-approved software to keep records and submit your quarterly updates. Free options exist, but not all bookkeeping tools are approved — always check the HMRC approved software list.
• Four updates per year: the quarterly deadlines for 2026/27 are 7 August, 7 November, 7 February, and 7 May.

Not sure whether you are in scope, or which software suits your business? We are here to help. Give us a call on 01388 609045 or visit tadixon.co.uk for a free initial chat.

T & A Dixon Accountancy Services | tadixon.co.uk | Bishop Auckland

12/05/2026

If you employ staff, there is an important deadline coming up fast — P60s for the 2025/26 tax year must be provided to all employees by 31 May 2026.

A P60 summarises each employee's total pay and deductions for the year. The rule is simple: if someone was on your payroll on 5 April 2026, they need a P60 from you by the end of this month — whether you have one employee or twenty, and whether you pay directors monthly, quarterly, or irregularly.

A few points worth double-checking before you issue them:

Confirm your final payroll figures are settled before generating P60s — issuing them with errors causes headaches later.

Directors on irregular pay are included if they were on payroll on 5 April.

P60s can be issued on paper or electronically, but electronic delivery is only valid if the employee can actually access the system.

Also worth keeping in view: P11D forms reporting employee benefits and expenses are due by 6 July 2026 — not far behind.

If you need any help with year-end payroll or P60 preparation, give us a call on 01388 609045 or visit tadixon.co.uk — we are happy to help.

T & A Dixon Accountancy Services | tadixon.co.uk | Bishop Auckland