Date What’s Due 1 November Corporation Tax for year to 31/01/2025, unless quarterly instalments apply 19 November PAYE & NIC deductions, and CIS return and tax, for month to 05/11/2025 (due 22/11 if you pay electronically) 1 December Corporation Tax for year to 28/02/2025, unless quarterly instalments apply 19 December PAYE & NIC deductions, and […]
Time is running out for company directors, members of LLPs and Persons with Significant Control (PSCs) to verify their identity. From 18 November 2025, identity verification will be mandatory for each of these individuals. Why are you being asked to verify your identity? The change forms part of the Government’s Economic Crime and Corporate Transparency […]
The Pension Protection Fund (PPF) will no longer charge a levy this year, freeing up £45 million across 5,000 Defined Benefit (DB) pension schemes. This annual charge on eligible defined benefit pension schemes funds the PPF, which is designed to compensate members if their employer’s business becomes insolvent. Under previous legislation, “use it or lose […]
For many business owners, the biggest threat to financial security isn’t always the market, the competition or even the broader economy. It’s the risk of losing the one person whose absence could destabilise everything. It is a scenario that many businesses owners dread, but it does happen all too often and many businesses aren’t protected. […]
When it comes to structuring your wealth, most people are familiar with pensions, ISAs and direct investments. Yet there’s another option that can play an important role in your financial planning, the investment bond. An investment bond is a type of life insurance policy used as an investment vehicle. Instead of providing a payout on […]
With just six months to go before the first round of Making Tax Digital (MTD) for Income Tax gets rolled out, many sole traders are still not ready. A survey carried out by IRIS earlier this year found that 45 per cent of UK sole traders felt unprepared for the changes. That leaves almost half […]
A recent survey by Capital on Tap revealed that 79 per cent of small business owners do not have an exit plan. The survey highlighted a mix of reasons behind the lack of preparation for an exit. Emotional attachment was one of the strongest, with over a third of owners saying they could not imagine […]
From January 2026, FRS 102 is going to be changing in a significant way and businesses need to be ready. Any business that prepares accounts under UK GAAP should be aware of the impact the changes will have on how financial information is recorded and processed. What’s changing with FRS 102? Traditionally, most businesses have […]
From 18 November 2025, identity verification will be mandatory for company directors, members of LLPs and Persons with Significant Control (PSCs). Companies House will not be prosecuting these individuals for failure to comply for the first 12 months, but from November 2026, there will be severe consequences for non-compliance. It is imperative that you understand […]
The 2025/26 financial year will bring new reporting requirements for UK resident directors of close companies, who are required to file a Self-Assessment tax return. HM Revenue and Customs (HMRC) has introduced measures that will mean company directors will need to provide more information when submitting their tax return. What will change for close company […]
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