Kenneth Morris Limited

28/05/2026

Renters' Rights Act: Key Actions for Landlords

The Renters’ Rights Act came into force on 1 May 2026 and represents the biggest change to renting in England for a generation. All landlords must be ready, as the new rules apply to both new and existing tenancies from day one.

The most important change is the abolition of Section 21, meaning landlords will no longer be able to end a tenancy without a valid statutory reason. All assured shorthold tenancies will automatically become assured periodic tenancies, removing fixed terms and increasing tenant security.

Landlords will need to review eviction processes, ensure they understand the new grounds for possession, and update internal procedures accordingly. Note that the official Renters’ Rights information document must also be provided to tenants by 31 May 2026, or risk fines.

If it has not already been done, now is the time to audit tenancy agreements, check compliance records, and seek professional advice to ensure a smooth transition under the new legal framework.

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28/05/2026

The government has announced a package of measures intended to protect motorists and businesses from the recent rise in fuel costs, following growing concern over the impact higher oil prices may have on inflation, household finances and business operating costs.The measures include an extension of....

26/05/2026

Loan to Participators (Company Shareholders)

When a close company makes a loan to a participator (in most cases, this means a company’s shareholder), and it is not repaid in the same accounting period, a corporation tax charge can arise. This is sometimes referred to as a ‘Section 455’ or ‘s.455’ charge.

For loans advanced on or after 6 April 2026, the percentage charged increased to 35.75% (previously, this was 33.75%).

Where a loan to a participator is repaid, released, or written off within nine months of the end of the accounting period, relief from the s.455 tax charge can be claimed in the corporation tax return.

It is not possible to claim relief for anticipated future loan repayments. This means that company participators should take care to repay any outstanding participator loans before their company tax return is submitted. If repayments are made after a return has been submitted, let us know, so that an amended corporation tax return can be completed, and relief claimed, as appropriate.

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Do get in touch if you have any queries

KM continuing to support you

If you have any questions on this or other related matters please continue to call and e-mail us for help.

If you would like to have a one-to-one discussion with one of the team, please e-mail us to sort an appropriate time for a call on
[email protected]
01527 872888

New contacts

Is there anyone in your network that you think would benefit from this kind of support in these challenging times? If so, please feel free to forward this message to them so they can benefit as well.

Thank you

The team at KM

26/05/2026

Many taxpayers continue to leave their Self-Assessment tax return until the final weeks before the 31 January filing deadline. Unfortunately, delaying preparation often increases stress levels, creates unnecessary pressure and reduces the opportunity to plan effectively.Preparing your tax return ear...

21/05/2026

Making Tax Digital for Income Tax is now Live

Making Tax Digital (MTD) for Income Tax is now live – most self-employed individuals and landlords with turnover above £50,000 in 2024/25 were mandated into the regime from 6 April 2026.

Under MTD for Income Tax, individuals will keep digital records and send updates to HMRC every quarter using compatible software. This will require in-year record keeping, rather than everything being dealt with after the year ends. For those already mandated, the deadline for the first quarterly update in 2026/27 is 7 August 2026.

While MTD is currently optional for many taxpayers, the next cohort of individuals will be mandated soon. If your qualifying income (turnover before expenses are deducted) from self‑employment and/or property was over £30,000 in the 2025/26 tax year, you will be required to follow MTD for Income Tax from 6 April 2027.

This change does not mean paying tax four times a year, but it does mean reporting more regularly. With time to prepare, choosing the right software and understanding what’s required can make the transition smoother and help you stay in control of your tax affairs.

Please talk to us if you think you’re likely to be mandated from April 2027 – we’d be happy to help!

[email protected]

Do get in touch if you have any queries

KM continuing to support you

If you have any questions on this or other related matters please continue to call and e-mail us for help.

If you would like to have a one-to-one discussion with one of the team, please e-mail us to sort an appropriate time for a call on
[email protected]
01527 872888

New contacts

Is there anyone in your network that you think would benefit from this kind of support in these challenging times? If so, please feel free to forward this message to them so they can benefit as well.

Thank you

The team at KM

21/05/2026

Cyber-crime is no longer a problem that affects only large corporations or international organisations. Increasingly, smaller businesses are being targeted because criminals often assume that security systems, staff training and internal controls may be weaker.For many businesses, the financial and....

19/05/2026

For many businesses, trading conditions remain difficult despite signs that inflationary pressures may be easing in some parts of the economy. A growing number of business owners are discovering that although sales may appear stable, cash reserves are steadily coming under pressure as operating cost...

19/05/2026

State Pension Amounts Increase ... But so does the State Pension Age

Last month marked a 4.8% rise in both the basic and new State Pensions. This could mean an additional £575 annually for many pensioners.

The Pension Credit has also increased by 4.8% and is worth an average of £4,300 a year.

The full rate of the new State Pension increases from £230.25 to £241.30 a week. The full basic State Pension increases from £176.45 to £184.90 a week.

The Standard Minimum Guarantee in Pension Credit is now £238.00 per week for a single pensioner, and £363.25 for a couple.

The increases, which are part of the government’s Triple Lock Guarantee, apply automatically. If you receive the State Pension, you should notice the increase in your next payment.

State Pension age starts rising to 67

The current State Pension age is 66 but beginning April 2026, it will start to rise.

The rise will happen gradually. First, those born between 6 April and 5 May 1960 will have to wait an extra month before they start to receive any State Pension. Those born between 6 May and 5 June 1960 will have to wait an extra two months.

By next April the State Pension age will have risen to 67.

The change aims to reflect longer life expectancy and may signal future pension age rises, with many now expecting to have to work into their 70s.

See: https://www.gov.uk/government/news/over-12-million-pensioners-to-receive-575-state-pension-boost

[email protected]

Do get in touch if you have any queries

KM continuing to support you

If you have any questions on this or other related matters please continue to call and e-mail us for help.

If you would like to have a one-to-one discussion with one of the team, please e-mail us to sort an appropriate time for a call on
[email protected]
01527 872888

New contacts

Is there anyone in your network that you think would benefit from this kind of support in these challenging times? If so, please feel free to forward this message to them so they can benefit as well.

Thank you

The team at KM

Over 12 million pensioners will see their State Pension rise by up to £575 from Monday (6 April), as both the basic and new State Pensions increase by 4.8% under the Triple Lock guarantee.

14/05/2026

Are You Ready for E-Invoicing?

HM Revenue & Customs (HMRC) recently released a research paper on how small and medium-sized businesses (SMEs) view electronic invoicing, also called e-invoicing.

In the Autumn Budget 2025, plans were announced to make e-invoicing mandatory for VAT invoices from 2029. The research paper was designed to help deliver an e-invoicing policy that will suit the competitive needs of SME businesses.

An e-invoice is an invoice that is sent and received in a structured digital format and is suitable for automatic electronic processing. E-invoicing systems can integrate with accounting systems, which can make it easier to manage a business’s bookkeeping.

The government believes that e-invoicing will assist businesses in submitting more accurate tax returns.

The research indicates that 59% of businesses are familiar with what e-invoicing is. However, only 29% of businesses appear to be currently using e-invoicing, and only 10% of SMEs report both sending and receiving e-invoices.

The most common method used by SMEs both for sending and receiving invoices was reported to be PDF or email. Many businesses are also still using paper and physical mail for invoicing.

With a change to e-invoicing not becoming mandatory until 2029, there is still plenty of time to prepare. If you would like help exploring whether your accounting system can handle e-invoicing, please give us a call. We would be happy to help you!

See: https://www.gov.uk/government/publications/electronic-invoicing-sme-usage-and-attitudes/electronic-invoicing-quantitative-research-into-small-and-medium-sized-enterprises-usage-and-attitudes

[email protected]

Do get in touch if you have any queries

KM continuing to support you

If you have any questions on this or other related matters please continue to call and e-mail us for help.

If you would like to have a one-to-one discussion with one of the team, please e-mail us to sort an appropriate time for a call on
[email protected]
01527 872888

New contacts

Is there anyone in your network that you think would benefit from this kind of support in these challenging times? If so, please feel free to forward this message to them so they can benefit as well.

Thank you

The team at KM

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14/05/2026

There has been considerable discussion over the past year regarding proposed changes to Companies House filing requirements, in particular the suggestion that small companies would be required to file a profit and loss account on the public record.Recent updates published on the GOV.UK website have....