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Companies House is urging all companies to review the dates of birth for directors and Persons with Significant Control ...
20/04/2026

Companies House is urging all companies to review the dates of birth for directors and Persons with Significant Control (PSCs).

Since mandatory ID verification was introduced last autumn, incorrect records are causing verification failures. Your details must match official documents (like your passport) exactly as shown on the orginal documents.

Incorrect DOBs at Companies House are more common than you think. You cannot complete ID verification until records are corrected. All companies now have a deadline for ID verification listed on the register so you can check when yours is due by.

Corrections can take up to 20 working days due to high demand, so don't leave it to the last minute to check!

Wage & Employment Changes – April 2026 A few key updates coming in that will affect both employers and employees.The min...
10/04/2026

Wage & Employment Changes – April 2026

A few key updates coming in that will affect both employers and employees.

The minimum wage increases from 1 April to:
• aged 21+ : £12.71
• aged 18–20: £10.85
• aged 16–17 & apprentices: £8.00

That’s roughly:
• +£900 a year (full-time National Living Wage)
• +£1,500 a year (minimum wage)

Statutory Sick Pay changes from 6 April:
• Now paid from day one
• No minimum earnings threshold
• Paid at 80% of earnings or £123.25/week (whichever is lower)

Day-one rights introduced which means employees will now get immediate access to:
• Sick pay
• Paternity leave
• Unpaid parental leave

MTD for ITSA - what happens if your income level falls?If you earned over £50,000 in 2024–25, you’ve likely been told to...
08/04/2026

MTD for ITSA - what happens if your income level falls?

If you earned over £50,000 in 2024–25, you’ve likely been told to join MTD from 6 April 2026. But what if your income has dropped since then?

You will still need to register and submit under the new MTD regime. However, if ALL qualifying income has completely stopped then you can exit the regime by calling HMRC or using the webchat.

If you still earn from any qualifying source → you must stay in MTD.

Unsure if you are caught by MTD for ITSA? Get in contact with us today!

Tax Changes for 2026–27 Here’s a quick breakdown of the key changes impacting business owners, investors & individuals. ...
06/04/2026

Tax Changes for 2026–27

Here’s a quick breakdown of the key changes impacting business owners, investors & individuals. For more information, visit our website!

💸 Dividend Tax will be increasing by 3% for most taxpayers

• Basic rate will now be 10.75%
• Higher rate will now be 35.75%
• Additional rate will remain unchanged at 39.35%

🏦 Directors’ Loans
If you 'borrow' money from your company, the S455 tax charge will be rising to 35.75% from April 2026.

📊 Corporation Tax
No change:
• 25% main rate
• 19% small profits rate

📉 Business Asset Disposal Relief (BADR), formerly known as Entrepreneurs Relief is increasing to 18%, but remains more beneficial than normal CGT rates.

🧊 Frozen Tax Thresholds remain frozen until 2031:
• Personal allowance: £12,570
• Higher rate kicks in at £50,271

🏡 Inheritance Tax Changes see a major overhaul for businesses & farmers:
• 100% relief capped at £2.5m
• 50% relief beyond that
• Couples can pass up to £5m
• Tax payable over 10 years

📲 Making Tax Digital (MTD for ITSA) mandatory quarterly reporting begins for those earning £50k+
First deadline: 7 August

💰 Savings & ISAs allowances remain unchanged.

👷 CIS & Umbrella Companies see stricter compliance rules.
• Monthly CIS returns required (even if nil)
• New liability rules for agencies & payroll chains

👵 State Pension
Up 4.8% to £241.30/week (£12,547/year)

👨‍👩‍👧 Child Benefit
Increasing slightly + removal of the two-child cap

Big change for UK businesses from April 2026 who file accounts and corporation tax returns via HMRC's free service.The f...
31/03/2026

Big change for UK businesses from April 2026 who file accounts and corporation tax returns via HMRC's free service.

The free online filing service from HMRC is officially closing on 31 March 2026 — and it’s a major shift.

From 1 April 2026, ALL companies must use commercial software to file corporation tax returns.

Before the deadline, businesses should download and save at least 3 years of filings — because once the system closes, all records will be permanently removed.

That means:
❌ No access to past submissions
❌ No stored financial data
❌ Everything may need to be re-entered if needed later

If you need to amend a return after April, you’ll have to use paid software or submit paper returns (in limited cases).

🚗Mileage rates finally under review… but is it too little, too late?For the first time since 2011, Chancellor Rachel Ree...
30/03/2026

🚗Mileage rates finally under review… but is it too little, too late?

For the first time since 2011, Chancellor Rachel Reeves has indicated the government will review the Approved Mileage Allowance Payment (AMAP) rate “ahead of a future Budget.”

If the current rate of 45p per mile (up to 10,000 miles) had kept up with inflation, we would expect it be around 67p per mile, according to the AA.

Treasury officials have admitted the review is “well overdue,” with a new workers-first approach aiming to support those who rely on their cars for work, especially lower earners and care workers.

But there’s frustration too. Critics say a review alone won’t help those who’ve already been out of pocket for years due to outdated rates.

The big question is will this lead to real change, or just more delay?

🚨 Major SSP changes coming into forceFrom 6 April 2026, statutory sick pay (SSP) rules are changing - and it’s a BIG shi...
27/03/2026

🚨 Major SSP changes coming into force

From 6 April 2026, statutory sick pay (SSP) rules are changing - and it’s a BIG shift for employers.

What’s new:
• SSP payable from day one (no more waiting days)
• Available to ALL eligible employees (no minimum earnings threshold)
• Paid at 80% of average weekly earnings or £123.25/week (whichever is lower)

What this means:
• Likely increase in short-term absences
• Extra payroll complexity
• More pressure on HR & compliance

What employers should do now:
• Review sickness absence policies
• Check payroll systems are ready
• Update employment contracts
• Communicate changes clearly to staff

🚨 Side hustlers - take note!HMRC has just received a HUGE £55bn worth of sales data from platforms like eBay, Airbnb and...
26/03/2026

🚨 Side hustlers - take note!

HMRC has just received a HUGE £55bn worth of sales data from platforms like eBay, Airbnb and content sharing sites, and it’s putting millions under the spotlight.

Why this matters:
Since January 2024, HMRC more visibility than ever with access to sales data directely from online platforms.

If you’ve got a side hustle:
From selling online to Airbnb hosting, content creation or freelance work — you could be on HMRC’s radar.

• Earn over £1,000? You may need to declare it
• Failed to report income? Now’s the time to get your affairs in order
• Payment plans (“Time to Pay”) may be available if you owe tax

Bottom line: side hustles aren’t “under the radar” anymore so make sure you're upto date.

New Job Grant SchemeWith youth unemployment now at 16.1% and nearly 1 million young people not in education, employment ...
25/03/2026

New Job Grant Scheme

With youth unemployment now at 16.1% and nearly 1 million young people not in education, employment or training, the government has announced a major £1bn support package.

From June 2026, businesses will receive £3,000 for every 18–24 year old they hire who has been on benefits and job searching for 6+ months. The scheme called the 'Youth Jobs Grant' aims to create real opportunities and get young people back into work.

💼 What’s included:
• £3,000 grants paid to employers via approved partners
• Expansion of the Jobs Guarantee scheme (now up to age 24)
• 25 hours/week of subsidised work for 6 months
• Apprenticeship incentives extended to retail & hospitality (£2,000 per hire)

💡 One sale over the VAT threshold — do you have to register?A common question for small businesses: What happens if a si...
20/03/2026

💡 One sale over the VAT threshold — do you have to register?

A common question for small businesses: What happens if a single sale pushes you over the VAT registration threshold?

The current VAT registration threshold is £90,000. If your taxable turnover in the past 12 months exceeds this, you normally need to register for VAT. But there may be an important exception.

📊 The “backward look” rule

If your turnover goes over £90,000, you can ask HMRC for an exception from VAT registration if you can prove that your turnover in the next 12 months will stay below £88,000 (the voluntary deregistration limit).

If HMRC agrees, you won’t need to register for VAT despite the temporary breach.

However, there’s a key restriction. If you expect your turnover to exceed £90,000 within the next 30 days alone (the “forward look” test), you cannot apply for the exception and must register.

How to apply for an exception:

• Contact HMRC to request form VAT1 and form VAT5EXC
• Submit evidence that turnover will fall back below £88,000
• HMRC typically responds within 40 working days

You still have 30 days to notify HMRC after exceeding the threshold — whether you plan to register or apply for an exception.

If you’re granted an exception:

• It only applies to that specific circumstance
• You must continue monitoring your turnover
• If you exceed the threshold again, you may need to reapply

For businesses managing sales close to the VAT threshold, one-off transactions need careful planning to avoid unexpected VAT obligations.

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