Your Complete Guide To Personal Tax Allowances in 2026
11th February 2026 Your Complete Guide To Personal Tax Allowances in 2026 Working out how your personal tax allowances impact your income is an important part of good financial planning. Here’s what you need to know about personal tax allowances in 2026/27, including how they work and the tax thresholds for the 2026/27 tax year.…
Read MoreWhat Happens If You Miss The Self Assessment Deadline?
11th February 2026 What Happen If You Miss The Self Assessment Deadline? What If I Missed My Self Assessment Deadline? If you’ve missed the self assessment deadline, you might not know what to expect. Although many people fear the worst when they file their tax return late, it’s rarely as bad as they imagine. HMRC…
Read MoreDo You Need an Accountant For Your Self Assessment?
11th February 2026 Do You Need an Accountant For Your Self Assessment? Submitting your Self Assessment tax return each year is a task millions of people in the UK must do. Whether you’re a sole trader, landlord, company director or simply have some additional income outside of PAYE, Self Assessment is a yearly reality. But…
Read MoreHow to Reduce Your Corporation Tax Bill
11th February 2026 How to Reduce Your Corporation Tax Bill Corporation Tax is tax paid by UK limited companies (and some other organisations) on their profits. It applies whether these profits have come from trading, investment income or selling capital assets such as property or shares. Corporation Tax is paid to HM Revenue & Customs…
Read MoreNew Legal Requirement: Directors and PSCs Must Verify Their Identity
11th February 2026 New Legal Requirement: Directors and PSCs Must Verify Their Identity What do you need to know? As of 18 November 2025, identity verification will become a legal requirement for all company directors and People with Significant Control (PSCs). This is part of a wider reform under the Economic Crime and Corporate Transparency…
Read MoreHMRC Scraps Making Tax Digital for Corporation Tax
11th February 2026 HMRC Scraps Making Tax Digital for Corporation Tax In a significant shift in its digital strategy, HMRC has officially scrapped plans to implement Making Tax Digital (MTD) for Corporation Tax. The announcement was quietly included in HMRC’s latest Transformation Roadmap, published in July 2025. Originally envisioned as part of a broader push…
Read MoreNCSC Free Cyber Action Toolkit
19th November 2025 NCSC Free Cyber Action Toolkit The National Cyber Security Centre (NCSC) have launched a new free Cyber Action Toolkit to help small businesses strengthen their cyber defences in a simple and affordable way. The toolkit has been designed for businesses that may not have in-house IT expertise or large security budgets, offering…
Read MoreNon-Dom Regime Abolished – What It Means Now
3rd September 2025 Non-Dom Regime Abolished – What It Means Now With the abolition of the non-domicile regime from 6 April 2025, individuals who do not qualify for relief under the new residence-based rules will be taxed on their worldwide income and gains in the same way as any other UK resident. The changes, from…
Read MoreHMRC’s Digital Changes: What You Really Need (And What You Don’t)
HMRC’s Digital Changes: What You Really Need (And What You Don’t) As HMRC continues its push toward digitalisation, many businesses are understandably confused about what’s required and what isn’t. Making Tax Digital (MTD) is evolving, and while it will bring changes to the way VAT, Income Tax, and eventually Corporation Tax are reported, not everyone…
Read MoreWhy You Shouldn’t Rely Solely on HMRC Forums for Tax Advice
Why You Shouldn’t Rely Solely on HMRC Forums for Tax Advice When it comes to navigating tax, many individuals and business owners turn to online forums for quick answers—particularly the HMRC (His Majesty’s Revenue and Customs) Community Forums. While these forums can offer helpful discussions and shared experiences, it’s important to understand that not all the…
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