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This Month
Chancellor urged to cut National Insurance but hike Income Tax in Autumn Budget
Chancellor Rachel Reeves has been urged to cut National Insurance contributions (NICs) and increase Income Tax to create a 'level playing field' and protect workers' pay.
Tuesday, October 7, 2025Budget Board must focus on easing the cost of doing business, says IoD
The government's Budget Board must focus on easing the cost of doing business, says the Institute of Directors (IoD).
Tuesday, October 7, 2025Chancellor to explore reforms to business rates on second premises
Chancellor Rachel Reeves will look at fixing the cliff edges in business rates that can discourage small business investment and growth, according to a report from HM Treasury.
Tuesday, October 7, 2025Covid repayment window opens
The government has launched a voluntary repayment scheme to allow recipients of financial Covid support to repay outstanding money they were not entitled to or did not need with 'no questions asked'.
Tuesday, October 7, 2025Companies face prosecution risk as new fraud law comes into force
Companies could be prosecuted and face unlimited fines if they fail to prevent fraud that their firm profits from under a new corporate offence.
Tuesday, October 7, 2025Lowering VAT threshold would be manifesto breach, warns IPSE
Lowering the threshold for VAT registration in the Autumn Budget would breach Labour's manifesto, IPSE, the Self-Employed Association has warned.
Tuesday, October 7, 2025AI to boost trade by nearly 40% by 2040 if gaps are bridged, says WTO
Artificial intelligence (AI) could boost the value of cross-border flows of goods and services by nearly 40% by 2040 thanks to productivity gains and lower trade costs, according to a World Trade Organization (WTO) report.
Tuesday, October 7, 2025Failed housing transactions cost £1.5 billion a year
Failed housing transactions cost consumers and the economy at least £1.5 billion every year, according to research published by Santander.
Tuesday, October 7, 2025Autumn Budget to be delivered on 26 November
The Autumn Budget will be delivered on 26 November by the Chancellor of the Exchequer, HM Treasury has announced.
Monday, September 8, 2025Over 850,000 self employed to be pulled into first phase of Making Tax Digital
HMRC has confirmed that 864,000 self-employed workers and landlords will be pulled into the quarterly reporting rules for Making Tax Digital (MTD) for Income Tax when it comes into force.
Monday, September 8, 2025Homebuyers get bogus SDLT claims warning
Homebuyers are being warned to avoid Stamp Duty Land Tax (SDLT) scams, following a landmark Court of Appeal decision.
Monday, September 8, 2025Crackdown on late payments launched in plan to back small businesses
The government is set to tackle late payments to businesses with significant legislative reforms.
Monday, September 8, 2025SME exporters hit by new US customs charges
President Trump's decision to charge import duties for low value goods entering the US is a major blow to the UK's SME exporters, says the British Chambers of Commerce (BCC).
Monday, September 8, 2025HMRC splits advisory fuel rates for electric cars
HMRC has split fuel advisory rates for electric cars depending on where drivers charge their company cars due to the price discrepancy between home and public chargers.
Monday, September 8, 2025Advisory fuel rates for company cars
New company car advisory fuel rates have been published and took effect from 1 September 2025.
Monday, September 8, 2025Latest guidance for employers
HMRC has published the latest issue of the Employer Bulletin.
Monday, September 8, 2025Other
Budget Report
Information and links about the budget report
Wednesday, October 15, 2025Autumn Statement
Information and links about the autumn statement
Wednesday, October 15, 2025Diary
PAYE quarterly payments are due for small employers for the pay periods 6th July 2025 to 5th October 2025
Is this relevant to you?
This deadline is relevant to small employers only. As a small employer with income tax, national insurance and student loan deductions of less than £1,500 a month you may make payments to HMRC of the income tax, national insurance and student loan deductions on a quarterly basis.
Postal payments should reach your HMRC Accounts Office by the last working day before Sunday 19 October 2025 (Friday 17 October 2025).
Where the payment is made electronically the deadline for receipt of cleared payment is 22 October 2025. Interest will be charged if payment is made late. Penalties also apply.
PAYE, Student loan and CIS deductions are due for the month to 5th October 2025
Is this relevant to you?
This deadline is relevant to employers who have made PAYE deductions from their employees' salaries and to contractors who have paid subcontractors under the CIS.
Employers are required to make payment to HMRC of the income tax, national insurance and student loan deductions. Contractors are required to make payment to HMRC of the tax deductions made from subcontractors under the CIS.
Postal payments should reach your HMRC Accounts Office by the last working day before Sunday 19 October 2025 (Friday 17 October 2025).
Where the payment is made electronically the deadline for receipt of cleared payment is 22 October 2025. Interest will be charged if payment is made late. Penalties also apply.
Tax and NI due under a 2024/25 PAYE Settlement Agreement
Is this relevant to you?
This deadline is relevant for employers who have entered into a PAYE settlement agreement to pay tax and national insurance in respect of benefits in kind for their employees for the year ended 5th April 2025.
Postal payments should reach your HMRC Accounts Office by the last working day before Sunday 19 October 2025 (Friday 17 October 2025).
Where the payment is made electronically the deadline for receipt of cleared payment is 22 October 2025. Interest will be charged if payment is made late. Penalties also apply.
Deadline for submission of 2024/25 self assessment returns if you require HMRC to compute your tax liability and/or if tax underpaid is to be collected by adjustment to your 2026/27 PAYE code
Is this relevant to you?
This deadline is only relevant for those individuals who complete a 'paper' self assessment tax return and who are employees. Where you have an underpayment you may request that HMRC collect the tax outstanding by making an adjustment to your tax code for the year 2026/27.
Please note that where your return is submitted online then the filing deadline for 'coding out' is 30 December 2025.
If we are already dealing with this matter on your behalf you need take no action.
Deadline for submitting 'paper' 2024/25 self assessment returns
Is this relevant to you?
This deadline is relevant to individuals who need to complete a self assessment tax return for 2024/25 and wish to file the return in a 'paper' form. Self assessment returns submitted after this date must be submitted electronically.
Please note that this deadline is not relevant if we are going to submit an online return for you or you are going to deal with the completion of an online return yourself. The deadline for submission of online returns is 31 January 2026.
If we are already dealing with this matter on your behalf you need take no action.
Deadline for submitting P46(car) for employees whose car/fuel benefits changed during the quarter to 5th October 2025
Is this relevant to you?
This deadline is relevant to employers who provide any employees with the use of a car. The form P46 (car) only needs to be completed where a car is first provided or an additional car is provided, or an employee ceases to have the use of a car without replacement. The completion of the form enables HMRC to amend the individual’s coding notice to reflect the change in benefit. This notification may be made by completing and printing off the relevant by paper or online forms.
Where one car is merely replaced with another, this may be notified online.
A change in car for car benefits which are being 'payrolled' should not be reported on a P46(car).
PAYE, Student loan and CIS deductions are due for the month to 5th November 2025
Is this relevant to you?
This deadline is relevant to employers who have made PAYE deductions from their employees’ salaries and to contractors who have paid subcontractors under the CIS.
Employers are required to make payment to HMRC of the income tax, national insurance and student loan deductions. Contractors are required to make payment to HMRC of the tax deductions made from subcontractors under the CIS.
Postal payments should reach your HMRC Accounts Office by this date.
Where the payment is made electronically the deadline for receipt of cleared payment is Friday 21 November 2025, unless you are able to arrange a ‘Faster Payment’ to clear on or by Saturday 22 June 2025. Interest will be charged if payment is made late. Penalties also apply.
Advisory Fuel Rates
New Advisory Fuel Rates (AFR) for company car users apply from today. The rates can be found here.
PAYE, Student loan and CIS deductions are due for the month to 5th December 2025
Is this relevant to you?
This deadline is relevant to employers who have made PAYE deductions from their employees’ salaries and to contractors who have paid subcontractors under the CIS.
Employers are required to make payment to HMRC of the income tax, national insurance and student loan deductions. Contractors are required to make payment to HMRC of the tax deductions made from subcontractors under the CIS.
Postal payments should reach your HMRC Accounts Office by this date.
Where the payment is made electronically the deadline for receipt of cleared payment is 22 December 2025. Interest will be charged if payment is made late. Penalties also apply.
Online filing deadline for submitting 2024/25 self assessment return if you require HMRC to collect any underpaid tax by making an adjustment to your 2026/27 tax code
Is this relevant to you?
This deadline is relevant for those individuals who complete a self assessment tax return online and who are employees. Where you have an underpayment you may request that HMRC collect the tax outstanding by making an adjustment to your tax code for the year 2026/27.
PAYE, Student loan and CIS deductions are due for the month to 5th January 2026
Is this relevant to you?
This deadline is relevant to employers who have made PAYE deductions from their employees’ salaries and to contractors who have paid subcontractors under the CIS.
Employers are required to make payment to HMRC of the income tax, national insurance and student loan deductions. Contractors are required to make payment to HMRC of the tax deductions made from subcontractors under the CIS.
Postal payments should reach your HMRC Accounts Office by this date.
Where the payment is made electronically the deadline for receipt of cleared payment is 22 January 2026. Interest will be charged if payment is made late. Penalties also apply.
PAYE quarterly payments are due for small employers for the pay periods 6th October 2025 to 5th January 2026
Is this relevant to you?
This deadline is relevant to small employers and contractors only. As a small employer with income tax, national insurance and student loan deductions of less than £1,500 a month you may make payments to HMRC of the income tax, national insurance and student loan deductions on a quarterly basis.
Postal payments should reach your HMRC Accounts Office by this date.
Where the payment is made electronically the deadline for receipt of cleared payment is 22nd January 2026. Interest will be charged if payment is made late. Penalties also apply.
Deadline for submitting your 2024/25 self assessment return (£100 automatic penalty if your return is late) and the balance of your 2024/25 liability together with the first payment on account for 2025/26 are also due
Is this relevant to you?
This deadline is relevant to individuals who need to complete a self assessment tax return and make direct payments to HMRC in respect of their income tax, Class 4 or voluntary NICs, capital gains tax and High Income Child Benefit Charge liabilities.
There is a penalty of £100 if your return is not submitted on time, even if there is no tax due or your return shows that you are due a tax refund.
The balance of any outstanding income tax, Class 4 or voluntary NICs, capital gains tax and High Income Child Benefit Charge for the year ended 5th April 2025 is due for payment by 31st January 2026. Where the payment is made late interest will be charged.
The first payment on account for 2025/26 in respect of income tax and any Class 4 NI or High Income Child Benefit Charge is also due for payment by 31st January 2026.
If we have already dealt with your self assessment return on your behalf you need take no action.
Deadline for submitting P46(car) for employees whose car/fuel benefits changed during the quarter to 5th January 2026
Is this relevant to you?
This deadline is relevant to employers who provide any employees with the use of a car. The form P46 (car) only needs to be completed where a car is first provided or an additional car is provided, or an employee ceases to have the use of a car without replacement. The completion of the form enables HMRC to amend the individual’s coding notice to reflect the change in benefit. This notification may be made by completing and printing off the relevant by paper or online forms. Where one car is merely replaced with another, this may be notified online.
A change in car for car benefits which are being 'payrolled' should not be reported on a P46(car).
PAYE, Student loan and CIS deductions are due for the month to 5th February 2026
Is this relevant to you?
This deadline is relevant to employers who have made PAYE deductions from their employees’ salaries and to contractors who have paid subcontractors under the CIS. Employers are required to make payment to HMRC of the income tax, national insurance and student loan deductions. Contractors are required to make payment to HMRC of the tax deductions made from subcontractors under the CIS.
Postal payments should reach your HMRC Accounts Office by this date.
Where the payment is made electronically the deadline for receipt of cleared payment is Friday 20 February 2026, unless you are able to arrange a ‘Faster Payment’ to clear on or by Sunday 22nd February 2026. Interest will be charged if payment is made late. Penalties also apply.
Advisory Fuel Rates
New Advisory Fuel Rates (AFR) for company car users apply from today. The rates can be found here.
5% late payment penalty on any 2024/25 outstanding tax which was due on 31st January 2026 and still remains unpaid
Is this relevant to you?
This deadline is relevant to individuals who need to complete a self assessment tax return and make direct payments to HMRC in respect of their income tax, Class[NA3] 4 or voluntary NICs, capital gains tax or High Income Child Benefit Charge liabilities.
The balance of any outstanding income tax, Classes 2 and 4 National Insurance, capital gains tax and High Income Child Benefit Charge for the year ended 5th April 2025 was due for payment by 31 January 2026. Where the payment is made late interest will be charged. On 3 March 2026 a late payment penalty of 5% will be added to the outstanding liability.
If we have already dealt with this matter on your behalf you need take no action.
PAYE, Student loan and CIS deductions are due for the month to 5th March 2026
Is this relevant to you?
This deadline is relevant to employers who have made PAYE deductions from their employees’ salaries and to contractors who have paid subcontractors under the CIS.
Employers are required to make payment to HMRC of the income tax, national insurance and student loan deductions. Contractors are required to make payment to HMRC of the tax deductions made from subcontractors under the CIS.
Where the payment is made electronically the deadline for receipt of cleared payment is Friday 20 March 2026, unless you are able to arrange a ‘Faster Payment’ to clear on or by Sunday 22 March 2026. Interest will be charged if payment is made late. Penalties also apply.
Last minute planning for tax year 2025/26
Is this relevant to you?
The final deadline of 5th April 2025 is relevant to individuals who have not considered year-end tax planning issues. These issues include:
- utilising your annual capital gains tax exemption
- utilising your annual inheritance tax exemption for gifts
- utilising your annual Individual Savings Account investment limit (ISA)
- making additional pension contributions for 2025/26.
Please get in touch if you would like any further advice on these or any other issues.