By clicking “Accept All Cookies”, you agree to the storing of cookies on your device to enhance site navigation, analyse site usage, and assist in our marketing efforts. View our Privacy Policy for more information.
Continuing as a director or PSC without verifying will become an offence that may result in a fine or financial penalty and a director may be disqualified.
HMRC routinely sends reminders and other information to self-assessment taxpayers in the run-up to the tax return filing deadline. But this is also high season for scam messages masquerading as instructions from HMRC.
More people will have to pay tax on their savings interest this year due to increased interest rates coupled with a frozen tax free savings limit. If you are in this position and do not complete annual tax returns, you need to notify HMRC of your liability to tax or you could face penalties.
HMRC is on track to meet the April 2026 delivery date when Making Tax Digital (MTD) will be mandated for the first tranche of self-employed taxpayers. Although you may be tempted to put off setting up new working practices, there could be some advantages in joining early.
The pensions lifetime allowance (LTA) has been abolished, meaning there is no longer any restriction on how much you can hold in a tax-favoured pension scheme without triggering an extra tax charge. Instead, two new allowances will limit tax-free cash benefits on retirement and on death.
Our knowledge and experience across all sectors helps many local businesses and individuals, whether starting up in business or planning for retirement.
