Personal Allowance Frozen
Personal Allowance will now be frozen at £12,570 until 5 April 2031.
Additional Disclosures For Directors And Self Assessment Tax Returns
Written by Tony Shackleford on .
The employment pages of the 2025/2026 tax return includes additional boxes to complete for directors of close companies.
The boxes are:
Name of the close company.
Registration number of this close...
additional information tax return 2025/26., directors of close companies, Tax return 2025/26
Accounts Filed At Companies House For Small Companies
Written by Tony Shackleford on .
During the premiership of Boris Johnson, the government announced its intention to increase the information disclosed in accounts filed at Companies House for small companies. The current regime...
Companies House, Disclosure of profit and loss account, profit and loss accounts, small company disclosure
Employers NIC Change
Written by Tony Shackleford on .
Following the changes to employers National Insurance Contributions, the government have estimated that the change has resulted in an additional £28 billion being collected in tax.
Incorrect Notice of Codings
Written by Tony Shackleford on .
In a recent report it was revealed that HMRC had over charged taxpayers £3.5bn of tax as a result of 5.6m people having incorrect tax codes.
Where over payments of tax have arisen, tax payers are...
Child Benefit, High Income Child Benefit Charge, overpaid tax, PAYE coding notice, Self Assessment Tax, tax overpaid, Tax refunds
Covid Fraud
Written by Tony Shackleford on .
HMRC paid out £98 billion through the 3 covid support programmes is administered (CJRS, SEISS and eat out to help out). They have estimated that £11 billion was claimed fraudelently of which they...
Making Tax Digital Update
Written by Tony Shackleford on .
Making Tax Digital (MTD) for income tax commenced on 1 April 2026 for those self employed or having rental property income, with gross income in excess of £50,000
As at the end of March 2026,...
HMRC Simple Assessments
Written by Tony Shackleford on .
Simple Assessments are issued to individuals who have a tax liability but are not on the self-assessment system.
The receipients of the Simple Assessments should therfore have relatively simple tax...
Company Car Tax
Written by Tony Shackleford on .
Due to the impact of the tax regime on company cars, it is generally not sensible to have a company car.
The options to consider are:
Use your private vehicle for company travel, claiming tax...
Benefit inkind, Caompany van, Company Car taxation, mileage claim
Budget 2025 Income Tax Increases
Written by Tony Shackleford on .
In the November 2025 Budget the chancellor announced increases in income taxof 2% on dividends, interest and rental income.
The dividend tax increase is effective from April 2026 and the interest...
budget 2025, Budget 25, dividends tax, income tax increase, income tax on dividends