RS Partnership

RS Partnership R S Partnership is an experienced chartered accountancy practice, based in Welwyn, Hertfordshire.

We understand at first hand the pressures and challenges facing today's businesses. As well as helping you to deal with traditional tax and compliance issues, we can also assist with the day to day operations of your business - leaving you with more time to concentrate on developing the business and building your wealth. We can also offer proactive advice on growing your business, and improving pr

ofitability, and can help to put in place strategies to ensure that you are maximising your personal wealth.

📅 June Tax ReminderKey tax dates coming up:📌 19 JunePAYE, NIC deductions, CIS return and tax due for the month to 5 June...
18/06/2026

📅 June Tax Reminder

Key tax dates coming up:

📌 19 June
PAYE, NIC deductions, CIS return and tax due for the month to 5 June 2026
(22 June if paying electronically)

Missing deadlines can lead to penalties and interest. Make sure you stay ahead: https://rsaccountant.co.uk/contact-us/

🚧 CIS rules changed from 6 April 2026 — are you compliant?Construction Industry Scheme (CIS) contractors must now:📌 File...
16/06/2026

🚧 CIS rules changed from 6 April 2026 — are you compliant?

Construction Industry Scheme (CIS) contractors must now:
📌 File monthly CIS returns — including nil returns
OR
📌 Submit an inactivity request in advance

Late filing penalties are back too:
❗ £100 initial penalty
❗ Additional penalties after 2, 6 and 12 months

HMRC also now has stronger powers where fraud is suspected, including immediate removal of Gross Payment Status.

Need help staying compliant? Speak to us: https://rsaccountant.co.uk/contact-us/

🏗️ Not all project costs qualify for capital allowances.The Supreme Court recently ruled that pre-construction costs suc...
11/06/2026

🏗️ Not all project costs qualify for capital allowances.

The Supreme Court recently ruled that pre-construction costs such as environmental surveys and feasibility studies did NOT qualify for capital allowances in a major offshore wind farm case.

The key takeaway?
Costs must be directly linked to providing the asset itself — not just preparing for it.

Before assuming all upfront project costs are tax-deductible, it’s worth reviewing them carefully. Early planning can prevent costly surprises later.

Get in touch: https://rsaccountant.co.uk/contact-us/

🍬 VAT on marshmallows? Yes, really.A recent tribunal case ruled that “Mega Marshmallows” can be zero-rated for VAT becau...
10/06/2026

🍬 VAT on marshmallows? Yes, really.

A recent tribunal case ruled that “Mega Marshmallows” can be zero-rated for VAT because they’re usually roasted or used in s’mores — not typically eaten with fingers like confectionery.

Current position:
✅ Mega marshmallows – zero-rated
✅ Mini marshmallows sold for baking – zero-rated
❌ Standard marshmallows – still subject to 20% VAT

VAT rules can be surprisingly complex. If you’re unsure about the correct VAT treatment for your products or services, we’re here to help: https://rsaccountant.co.uk/contact-us/

💷 Director or shareholder loan accounts? Watch out for the s.455 tax charge.If a close company makes a loan to a shareho...
09/06/2026

💷 Director or shareholder loan accounts? Watch out for the s.455 tax charge.

If a close company makes a loan to a shareholder and it isn’t repaid within the accounting period, the company could face a corporation tax charge.

⚠️ From 6 April 2026, the rate increased to 35.75%.

Relief may be available if the loan is repaid within 9 months of the year end — but timing matters.

If you’ve repaid a director’s loan after submitting the company tax return, speak to us about amending the return and claiming relief: https://rsaccountant.co.uk/contact-us/

📢 Making Tax Digital for Income Tax is now LIVEIf you’re self-employed or a landlord with qualifying income over £50,000...
05/06/2026

📢 Making Tax Digital for Income Tax is now LIVE

If you’re self-employed or a landlord with qualifying income over £50,000 in 2024/25, you may already be mandated into MTD from 6 April 2026.

✔️ Keep digital records
✔️ Submit quarterly updates to HMRC
✔️ Use compatible software

And if your income exceeds £30,000 in 2025/26, you’ll likely join the regime from April 2027.

The good news? This doesn’t mean paying tax 4 times a year — just reporting more regularly.

Need help preparing for MTD? Get in touch with us today: https://rsaccountant.co.uk/contact-us/

HMRC is increasing scrutiny on dividendsA new consultation is proposing more detailed reporting of transactions between ...
30/05/2026

HMRC is increasing scrutiny on dividends

A new consultation is proposing more detailed reporting of transactions between close companies and their shareholders.

This includes:
-Payments
-Loans
- Dividends
- Asset transfers

Now’s the time to ensure everything is compliant.

Contact us: https://rsaccountant.co.uk/contact-us/

VAT update for charitiesNew rules now mean most donations of business goods to charities are no longer subject to deemed...
27/05/2026

VAT update for charities

New rules now mean most donations of business goods to charities are no longer subject to deemed-supply VAT.

A positive step for charitable giving.

Contact us: https://rsaccountant.co.uk/contact-us/

Capital Gains Tax updateFrom the start of the 2026/27 tax year, rates for:✔️ Business Asset Disposal Relief✔️ Investors’...
21/05/2026

Capital Gains Tax update

From the start of the 2026/27 tax year, rates for:
✔️ Business Asset Disposal Relief
✔️ Investors’ Relief

…have increased to 18%

If you’re planning a disposal, timing matters.

Contact us: https://rsaccountant.co.uk/contact-us/

Corporation tax changes now in effectKey updates for the new tax year:- s455 tax on director/shareholder loans now at 35...
20/05/2026

Corporation tax changes now in effect

Key updates for the new tax year:

- s455 tax on director/shareholder loans now at 35.75%
- Higher penalties for late corporation tax returns

Staying compliant is more important than ever.

Contact us: https://rsaccountant.co.uk/contact-us/

Address

10 Prospect Place
Welwyn
AL69EW

Opening Hours

Monday 9am - 5:30pm
Tuesday 9am - 5:30pm
Wednesday 9am - 5:30pm
Thursday 9am - 5:30pm
Friday 9am - 5:30pm

Telephone

01438 718118

Website

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