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South Shields
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Blog

February 11, 2026

Tax Diary March/April 2026

1 March 2026 - Due date for Corporation Tax due for the year ended 31 May 2025.2 March 2026 –
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February 9, 2026

Business rates support and cash flow for hospitality businesses

Hospitality businesses continue to operate in a challenging environment. Rising wage costs, energy
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February 9, 2026

Budgeting and forecasting in a period of lower confidence

Many business owners are entering the new year with a sense of caution. Confidence across the UK
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February 4, 2026

Payments made into employee benefit trusts constitute taxable income

A Tribunal recently ruled that payments made for work into a third-party trust constitute immediate
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February 2, 2026

Turning waste disposal into an income stream

For many businesses, waste disposal is seen purely as a cost, an unavoidable expense required to
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February 2, 2026

The rise of the silver economy

The term “silver economy” is used to describe the growing economic activity linked to
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January 26, 2026

Do you need a company audit in the UK?

Not every UK limited company needs a statutory audit. Many smaller companies qualify for audit
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January 26, 2026

Protecting your online passwords

With so many online accounts now in daily use, including banking, shopping, email and HMRC
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January 22, 2026

Annual payroll reporting chores

There are a number of annual payroll reporting issues that employers are required to complete. With
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January 22, 2026

Saving tax using the Marriage Allowance

If one partner earns under £12,570, you could transfer part of their unused personal allowance and
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January 22, 2026

Selling a second property?

CGT on certain UK residential property sales often has a strict 60-day reporting and payment
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January 22, 2026

Struggling to meet tax payments this month?

With the balancing payment and first payment on account both due on 31 January 2026, it is worth
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January 22, 2026

Basis period reform – spreading rules for payment

If your business has transitional profits from basis period reform, spreading over five years may
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January 19, 2026

What factors affect a person’s credit rating?

A person’s credit rating (often referred to as a credit score) is a measure used by lenders to
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January 19, 2026

What banks look at when a small business applies for a loan

When a small business applies for a bank loan, the bank is mainly trying to answer one question,
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January 16, 2026

Tax Diary February/March 2026

1 February 2026 - Due date for Corporation Tax payable for the year ended 30 April 2025.19 February
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January 15, 2026

Creative Industry Corporation Tax reliefs

If your business works in film, TV, games or the arts, Creative Industry Tax Reliefs could reduce
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January 15, 2026

What is the advance tax certainty service?

If your business is planning a major UK investment, HMRC’s new advance tax certainty service could
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January 15, 2026

MTD for Income Tax – what’s required from April 2026

From April 2026, Making Tax Digital for Income Tax (MTD for IT) will become mandatory for many
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January 12, 2026

Pre-tax year end planning

Pre-tax year end planning is one of the most practical and controllable ways for UK businesses and
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January 12, 2026

Company liquidations and insolvencies are still elevated

The Insolvency Service data for England and Wales shows monthly company insolvencies remain high by
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January 8, 2026

The scope of the trivial benefits legislation

The trivial benefits legislation provides a simple and practical tax exemption that allows
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January 8, 2026

Starting or changing jobs

Providing the right information when you start a new job helps ensure your tax code is correct from
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January 8, 2026

Company car expenses and benefits – what’s exempt?

While company cars often come with tax implications, there are specific situations where the
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January 8, 2026

Did you file your tax return over the festive period?

HMRC’s figures show thousands of taxpayers are filing over the festive period, but leaving your
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January 8, 2026

Changes to Agricultural and Business Property Relief reforms

The government recently announced significant changes to the planned reforms to Agricultural
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January 8, 2026

New First Year Allowance from 1 January 2026

The new 40% First Year Allowance (FYA) for qualifying main-rate plant and machinery expenditure
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January 7, 2026

Suing whistleblowers for a breach of confidence is not a viable strategy

The Court of Appeal has ruled that the initiation of legal or arbitral proceedings by an employer
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January 5, 2026

Saving to pay tax

For many individuals and business owners, paying tax is one of the largest regular financial
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January 5, 2026

Learning from mistakes in business

Making mistakes in business is unavoidable. No matter how experienced or careful someone is,
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January 2, 2026

Nominating a property as your home

Owning more than one home can create valuable Capital Gains Tax planning opportunities, but only if
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January 2, 2026

VAT Annual Accounting – filing your return

For eligible businesses, the VAT Annual Accounting Scheme can reduce paperwork, smooth cash flow
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January 2, 2026

Payroll annual reporting obligations

As we move into the start of 2026, it is not that long until the current 2025-26 tax year comes to
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January 2, 2026

Are you ready for Making Tax Digital for Income Tax?

Are you ready for Making Tax Digital for Income Tax (MTD for IT)? This new way of reporting will
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January 2, 2026

Bank of England delivers narrow vote rate cut

The Bank of England’s Monetary Policy Committee (MPC) last met on 18 December and, in a narrow 5-4
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December 16, 2025

Employers may now be personally liable for unfair dismissal claims

A recent ruling has increased the scope of statutory protection for whistleblowers to include
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December 15, 2025

Funding options for asset acquisition

Acquiring new assets is often essential for small businesses looking to grow, improve efficiency or
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December 15, 2025

Cash flow pressures

Cash flow remains one of the most pressing concerns for small businesses, even where trading
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December 15, 2025

Tax Diary January/February 2026

1 January 2026 - Due date for Corporation Tax due for the year ended 31 March 202519 January 2026 -
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December 11, 2025

IHT treatment of unused pension funds and death benefits

The 2027 reforms will shift more responsibility to personal representatives, who may need to manage
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December 11, 2025

Agricultural and business property relief changes

Agricultural and business property relief changes that were first announced at Autumn Budget 2024
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December 11, 2025

Winter Fuel Payment tax charge

The June 2025 reforms introduce a £35,000 income limit for keeping the Winter Fuel Payment, with
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December 11, 2025

VCT and EIS changes

The new rules will allow companies to raise more capital under the following schemes although
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December 11, 2025

Property and savings income subject to new tax rates

The government announced at Budget 2025 that dividend income, property and savings income, will be
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December 8, 2025

The value of an overhead audit

Many businesses regard their overheads as fixed, predictable, and largely outside their control. In
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December 8, 2025

Avoid over-stocking

Accountants often see the impact that excess stock has on a business long before the business owner
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December 4, 2025

Defer paying Class 1 National Insurance on a second job

Employees with a second job, third job or more may be able to defer or delay paying Class 1
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December 4, 2025

Work out your VAT fuel scale charge

VAT road fuel scale charges are fixed, standardised amounts that businesses must use to account for
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December 4, 2025

Less than 2 months to self-assessment filing deadline

There are now less than 2 months to the self-assessment filing deadline for submissions of the
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December 4, 2025

Update from HMRC on MTD testing

HMRC has published a new Making Tax Digital newsletter. This newsletter is mainly intended for
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December 4, 2025

Increase in savings guarantee for bank deposits

The Financial Services Compensation Scheme (FSCS) has raised its savings guarantee for bank
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December 2, 2025

When disciplinary processes and non-compete clauses implode

Many modern companies insist on the inclusion of restrictive covenants to limit the freedoms of
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December 1, 2025

The likely direction of interest rates in 2026

As we look ahead to 2026, there is growing speculation about how the Bank of England will manage
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December 1, 2025

Outlook For Food And Energy Prices In The Year Ahead

Food and energy costs remain central concerns for households and businesses because they influence
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November 27, 2025

Autumn Budget 2025 – Pension changes

The Chancellor has kept the main pension allowances unchanged but has confirmed a new cap on salary
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November 27, 2025

Autumn Budget 2025 – Minimum Wage increases

The Chancellor of the Exchequer, Rachel Reeves announced increases to the Minimum Wage rates on the
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November 27, 2025

Autumn Budget 2025 – Personal Tax changes

The chancellor Rachel Reeves announced as part of the Autumn Budget measures that the Income Tax
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November 24, 2025

How a business grows financially by retaining profits

Many business owners focus on sales as the main driver of growth. Sales matter, but they are only
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November 24, 2025

The link between planning and progress

Most business owners know that progress matters, but many still hesitate when it comes to planning.
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November 20, 2025

National Insurance credits and Child Benefit

Claiming Child Benefit can provide an important benefit by granting National Insurance credits. If
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November 20, 2025

Taxable & tax-free state benefits

While there are many state benefits available, it is not always clear which of these are taxable
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November 20, 2025

What is a demerger?

A demerger involves splitting the trading activities of a single company or group into two or more
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November 20, 2025

Christmas crafters and tax

If you earn fees or sell goods as a side hustle, you may need to pay tax on your profits. HMRC has
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November 20, 2025

MTD – qualifying income

Making Tax Digital for Income Tax (MTD for IT) will become mandatory in phases from April 2026. If
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November 19, 2025

Early termination of probation can constitute wrongful dismissal

The claimant began employment as a Contracts Coordinator on 23 January 2023, subject to a
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November 17, 2025

Preparing for tighter credit conditions in 2026

Many small businesses rely on a mix of overdrafts, card facilities and short term loans to maintain
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November 17, 2025

Increase in the London congestion charge from January 2026

The daily charge for driving within the London Congestion Charge zone will rise from £15 to £18
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November 13, 2025

Enforcement of the minimum wage

The Department for Business & Trade has recently published a report that outlines the
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November 10, 2025

How many businesses are there in the UK?

Current estimates suggest that there are around 5.6 million businesses operating in the UK. This
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November 10, 2025

Directors liability for company debts

A limited company is a separate legal entity. In normal circumstances, its debts belong to the
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November 7, 2025

Tax Diary December 2025/January 2026

1 December 2025 - Due date for Corporation Tax payable for the year ended 28 February 2025. 19
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November 6, 2025

P45s, P11Ds and P60s – what are they?

Most employees will come across forms such as the P45, P11D and P60 during their working life, and
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November 6, 2025

Company Voluntary Arrangements

A Company Voluntary Arrangement (also known as a CVA) is a special arrangement that allows a
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November 6, 2025

Tax and trivial benefits

There is a trivial benefit-in-kind (BiK) exemption that applies to small, non-cash gifts (such as a
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November 6, 2025

Pay for imports declared via the CDS

If your business imports goods into the UK, it is important to be familiar with the Customs
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November 6, 2025

Tell HMRC about unpaid tax on cryptoassets

Where cryptoasset tokens (also known as cryptocurrency) are held personally, this investment is
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November 5, 2025

Tread carefully when using temporary contracts to confer tax breaks

A recent ruling has established that temporary worker arrangements do not constitute a single,
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November 3, 2025

Understanding the responsibilities of company directors

Taking on the role of a company director is more than holding a title. Directors have legal duties
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November 3, 2025

Reviewing insurance cover

Many businesses arrange insurance in the early days and then only look at it again when something
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October 30, 2025

When you don’t need to make payments on account

If you file a Self-Assessment return you may need to pay your tax in three instalments, so it is
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October 30, 2025

Advantages of VAT Flat Rate Scheme

If your business has relatively low VATable expenses, the VAT Flat Rate Scheme can simplify your
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October 30, 2025

Taxable benefits for use of company car

The tax you pay on the use of a company car depends largely on its CO2 emissions, so choosing a
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October 30, 2025

Business Asset Disposal Relief – the present rates

If you are thinking about selling a business or shares, it is important to understand how Business
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October 30, 2025

Why ID verification is supposedly good for business

Last week, we covered the new requirement for directors and persons with significant control (PSCs)
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October 27, 2025

Valuing and pricing goods and services

For any business, knowing how to value and price what it sells is fundamental to success. Yet many
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October 27, 2025

Facing change with confidence

Change is part of every business journey. Whether it is prompted by new technology, regulation or
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October 23, 2025

Claiming lettings relief

If you have tenants in your home, it’s essential to understand the Capital Gains Tax (CGT)
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October 23, 2025

Reporting foreign income to HMRC

If you are UK resident and receive income from abroad, such as overseas wages, rent, or
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October 23, 2025

Reliefs and allowances for Corporation Tax purposes

Companies can reduce their Corporation Tax bill through a range of reliefs, including R&D
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October 23, 2025

Report and pay Capital Gains Tax

If you sell assets such as shares or land, you may need to report your Capital Gains Tax either
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October 23, 2025

Have you verified your ID at Companies House?

From 18 November 2025, all company directors and people with significant control (PSCs) will be
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October 22, 2025

Don’t be tempted to withhold pay as a form of leverage

Ms Constantine had been a veterinary surgeon since 2017. Initially, she had worked every day with
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October 20, 2025

Why solvency is the true test of business strength

Every successful business, no matter how innovative or fast-growing, ultimately depends on one
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October 20, 2025

UK productivity remains disappointingly weak

The UK continues to struggle with low productivity growth, a long-running challenge that shows
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October 16, 2025

Loss of personal allowance – the £100k ceiling

For the current tax year, taxpayers with adjusted net income between £100,000 and £125,140 will
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October 16, 2025

Deduction of tax on yearly interest

The tax legislation requires the deduction of tax from yearly interest that arises in the UK. This
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October 16, 2025

Business Asset Disposal Relief changes

Business Asset Disposal Relief (BADR) offers a significant tax benefit by reducing the rate of
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October 16, 2025

Claiming 4-years Foreign Income and Gains relief

The remittance basis of taxation for non-UK domiciled individuals (non-doms) was replaced with the
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October 16, 2025

VAT on goods you export

Exports from Great Britain or Northern Ireland can be zero-rated for VAT, provided businesses
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