BLOGS, NEWS AND UPDATES

  • February 9th 2026: Companies House announced a delay to changes to accounts filing, which will not be introduced in April 2027 as planned. Reforms, including filing by software and ending 'abridged' accounts so Small and Micro businesses are required to submit a Profit & Loss account (Income Statement), are still under review. A final decision will be announced shortly. Companies will receive at least 21 months’ notice to prepare.

    Economic Crime and Corporate Transparency Act
    Changes to accounts

  • November 26th 2025: In today’s Autumn Budget, Chancellor Rachel Reeves announced 2% increases to tax on dividend from April 2026, and property and savings from April 2027. The main rate of writing-down allowances will reduce from 18% to 14%. There are no changes to NIC or VAT. The two-child limit in the Universal Credit Child Element will be removed from April 2026 amongst other changes. Read the full report below:

    GOV.UK HM Treasury
    Budget 2025

  • November 20th 2025: Companies House fees are changing as of 1st February 2026. The fees for digital filing of incorporation will increase to £100 (from £50) and filing of the confirmation statetment will increase from £34 to £50. The voluntary strike off digital filing fee drops from £33 to £13. Click below for a full list of the upcoming fee changes.

    GOV.UK Companies House
    Changes to Companies House fees

  • September 17th 2025: Companies House have confirmed that Directors and people with significant control (PSCs) will be required to verify their identity from 18th November 2025. Once verified you will recieved a personal code, which you need to need to provide with the company confirmation statement or within the first 14 days of your birth month.

    GOV.UK Companies House
    When you need to verify your identity for Companies House

  • July 9th 2025: HMRC have launched a a new easy-to-follow MTD for Income Tax Campaign Page, covering all you need to know about how it works, when you start and what you need. If you need help to calculate your turnover or get set up with the right software, get in touch.

    GOV.UK Making Tax Digital
    MTD for Income Tax Campaign Page

  • May 15th 2025: Almost 300,000 early birds submitted their 2024-25 tax return in the first week of this tax year. Submitting your tax return early allows you to budget for what you will owe in January and set up a payment plan. This year also determines when you need to start keeping digital records for MTD. Tax refunds or reductions in payment on account are given straight away. If you'd like to get organised and submit early, get in touch.

    Self Assessment Tax
    File your tax return early

  • March 12th 2025: Exchequer Secretary to the Treasury, James Murray announces today that the Income Tax Self Assessment reporting threshold for trading income will be raise from £1,000 to £3,000 within this parliament. Those with trading or property income below this threhold will no longer need to file a Self Assessment tax return. Those owing tax wll be able to pay through a new, simple online service.

    GOV.UK
    Plan for Change Announcements

  • February 12th 2025: Your turnover this year (2024/25) will determine if and when you need to submit your self-employed records digitally under Making Tax Digital for Income Tax. Take over £50,000 and you will need to keep digital records from April 2026. Those with income between £30,000 and £50,000 will be mandated from April 2027. Get in touch if you need help with accounting software.

    GOV.UK
    Making Tax Digital for Income Tax

BLOGS

Companies House Changes
18 November 2025

09/07/25 Verifiying identity, the end of web filing and the need to file your profit and loss account...

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A 'Likely' letter
from HMRC

12/03/25 Have you receieved letter? When do you need to comply with Making Tax Digital for Income Tax rules?...

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Making Tax Digital for Income Tax

14/02/25 An update on the changes coming in next year and a guide for business owners on how to get ready...

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Sole Trader or Limited Company? 25/06/24
HMRC Nudge Letters & Selling Online Rules 09/05/24
Changes to Company Filing 15/03/24
Are you owed money? What can you do? 07/09/23
Overlap Relief is ending in tax year 2023-24 23/06/23
Changes to Company Filing 13/07/23
Help! I need an SA302! 28/04/23
Cashflow in a recession* 22/02/23
Getting Ready For Making Tax Digital for Income Tax Self-Assessment (MTD ITSA) 20/01/23

VAT Penalty Reform 18/11/22
Accounting Software: What's in it for me? 06/09/22
Transitional Year Profits, Overlap Relief and Spreading Profits 15/07/22
Basis Period Reform 25/02/22
Should I pay Voluntary Class 2 National Insurance Contributions (NIC)? 25/01/22
Self assessment: What is payment on account? 23/11/21
Why does HMRC need to know about interest on my self assessment tax return? 12/10/21
What does a bookkeeper do? 12/09/21