Fairway Tax and Accounting Limited

03/02/2026

That’s a wrap on another January 31! 🎉
Forms filed and deadlines met. Thank you to our clients for getting your information in and helping make tax season run smoothly.

29/01/2026

Companies House Fee Increases

From February 1, 2026, there will be an increase to some of the Companies House fees.

For a complete list of fees changing from February 1 please visit our website - www.fairwaytax.co.uk

18/12/2025

Christmas Closing Dates

The office will close at 12:00 on December 24, 2025, and reopen at 08:30 on January 5, 2026.

Wishing you a Merry Christmas and Happy New Year.

03/12/2025

02/12/2025

The office will be closed Friday December 5, reopening on Monday December 8.

26/11/2025

Budget Highlights 2025

Personal Tax
- National Insurance (NI) and income tax thresholds frozen until the end of 2030/31.
- Amount under-65s can put into cash ISA’s capped at £12,000 a year, with the rest of the £20,000 annual allowance reserved for investments.
- Basic and higher income tax rates on property (2027/28), savings, (2027/28) and dividend income (2026/27) to increase by 2%.

Business Tax
- Tax exemption for small packages from overseas retailers’ worth under £135 scrapped from 2029.
- Tax on profits made by gambling companies from online bets to rise from 21% to 40% in April. Abolition of 10% bingo tax.

Housing and Property
- Properties in England worth more than £2m face a council tax surcharge of £2,500 rising to £7,500 for homes worth £5m or more.

Minimum Wage
- For over-21 increase to £12.71 per hour.
- For 18-20’s to increase to £10.85 per hour.
- For 16–17-year-olds an increase to £8.00 per hour.

Pensions
- Basic and new statement pension payments to go up by 4.8% from April.
- From 2029, the amount people can sacrifice from their salary to avoid paying NI on pension contributions will be capped at £2,000.

Benefits
- From April the two-child benefit cap has been removed.

Savings
- Help to Save scheme, offers people on universal credit a bonus on savings, extended and expanded beyond 2027.

Transport
- Fuel duty frozen until August 2026.
- A new mileage-based tax for electric vehicles and plug-in hybrid cars from 2028.
- Regulated rail fares for journeys in England frozen next year.
- Premium cars to be excluded from the Motability scheme.

Call now to connect with business.

08/08/2025

IMPORTANT INFORMATION FOR COMPANY DIRECTORS

From 18 November 2025, all company directors and people with significant control (PSCs) will be legally required to verify their identity under the Economic Crime and Corporate Transparency Act 2023. This requirement is part of wider reforms to help prevent the misuse of UK companies

Each company will need to provide a personal code and a verification statement for each director on the confirmation statement. If you do not do this, your company or anybody filing on your behalf will not be able to submit the filing.

If you’re a director of multiple companies, you’ll need to do this for each company separately, using the same personal code each time.

Failure to submit the annual confirmation statement for a company will ultimately lead to Companies House dissolving the company and any assets held being transferred to the Crown.

Please see website for further information: www.fairwaytax.co.uk

Call now to connect with business.

30/04/2025

Announcement
We have another sponsor for our Music Festival
Glad to have the support of FAIRWAY Tax and Accounting for our event
www.fairwaytax.co.uk 391
https://www.facebook.com/profile.php?id=61556272696391

27/03/2025

Making Tax Digital – Sole Traders and Landlords

Making Tax Digital Income Tax (MTDIT) will apply from April 2026 to those that receive income from self-employment and/or property if the gross income is £50,000 or above. If you have a gross income of £30,000 you will be required to use MTDIT from April 2027.

From April 2025, HMRC will write to you if your 2023/24 Self Assessment tax return shows your income was close to or over £50,000. Depending on your 2024/25 income the letter will confirm if you may need to use MTD.

If you are affected by this change you will need to be signed up for Making Tax Digital for Income Tax by April 2026. You may also be able to sign up now before MTD for Income Tax becomes mandatory allowing you time to prepare and familiarise yourself with the changes.

13/02/2025

FREE - 4 drawer metal filing cabinets, no keys. Collection only (during office hours on a Tuesday, Wednesday or Thursday). No holding, first come first served. 11C Alma Road, Snettisham.

11/02/2025

Fairway are looking for a cleaner, one day a week for our office in Snettisham to start March 2025. If you are interested, please email [email protected] for further details. Recommendations also appreciated. Thank you.