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MTD (Making Tax Digital) FOR SELF ASSESMENT

Those with self employment or rental income greater than £50,000 (in 2024/2025) will fall under MTD for self assessment  from April 2026.   The income limit will be reduced in 2027 (£30,000) and 2028 (£20,000) bringing more people into MTD for self assessment.  We will be contacting affected clients but if you have any concerns or want to discuss please contact us.

COMPANIES HOUSE ID REQUIREMENTS

DEADLINE 18 NOVEMBER 2025.

New ID requirements for all directors and PSC’s (Persons of significant control) are being introduced in Autumn 2025.  These will require you to have your ID verified electronically.  This can be done for free using Companies House and a Gov.uk One account, you will need a passport with a chip.  If you are unable to use this service we will be offering an ID checking service but a fee will be payable.  Once verified you will be provided with an ID verification code which we will require if we complete you confirmation statement.  Please contact us if you want to discuss further.

SPRING STATEMENT – 26 MARCH 2025

We have put together a summary to highlight the key points that may affect you and your business since Chancellor Rachel Reeves announced her Sprint Statement.

Please click here for a summary of the Chancellor’s Spring Statement

AUTUMN BUDGET – 30 OCTOBER 2024

We have put together a summary to highlight the key points that may affect you and your business since Chancellor Rachel Reeves announced her first budget.

Please click here for a summary of the Chancellor’s Autumn Budget

 

If you have any questions or want to discuss the impact of the changes, please contact one of the team

 

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