Monthly Archives: September 2025

Paper tax returns are due 31 October 2025, and new registrants must notify HMRC by 5 October 2025. Act early to avoid penalties. Firstly, the deadline for submitting paper self-assessment tax returns is 31 October 2025. If you miss this deadline a £100 late filing penalty will usually apply, even if no tax is due, […]

If your business operates in a sector covered by the Money Laundering Regulations, you must be monitored by a supervisory authority to ensure compliance. This article outlines who needs to register with HMRC for anti-money laundering (AML) supervision. Your business must be registered with a supervisory authority if it operates in a sector covered by […]

The Chancellor of the Exchequer, Rachel Reeves has confirmed, in a video message, that the next UK Budget will take place on Wednesday, 26 November 2025. Details of all the Budget announcements will be made on a special section of the GOV.UK website which will be updated following completion of the Chancellor’s speech in November. […]

Employers must ensure they are paying staff at least the National Minimum Wage (NMW) or National Living Wage (NLW). The NMW and the NLW are the minimum legal amounts that employers must pay their workers. The latest NMW and NLW rates took effect on 1 April 2025. The current hourly rate for the NLW is […]

1 October 2025 – Due date for Corporation Tax due for the year ended 31 December 2024.   19 October 2025 – PAYE and NIC deductions due for month ended 5 October 2025. (If you pay your tax electronically the due date is 22 October 2025.)   19 October 2025 – Filing deadline for the […]

A reminder that big changes are coming to the way company directors and people involved in running companies deal with Companies House. From late 2025, most directors, people with significant control (PSCs), and those filing on behalf of companies will need to have their identity formally verified. If you have not yet completed this process, […]

For directors of companies, deciding how to pay themselves is more than just a question of income. It’s about achieving tax efficiency, staying compliant with legal obligations, and safeguarding the financial health of the company. This is where a well-thought-out directors’ remuneration strategy becomes essential. Directors’ remuneration refers to all the financial compensation a director […]

The government’s Making Tax Digital (MTD) programme is set to expand in April 2026, and it will affect many landlords and sole traders. From that date, anyone with annual business or property income above £50,000 will need to comply with the new rules. Although April 2026 may sound distant, the changes are significant, and the […]

The idea of a wealth tax often makes the headlines, especially when governments look for new ways to raise revenue and address inequality. While the UK does not currently have a wealth tax, the subject has been widely debated, and several countries already operate versions of this type of levy. So, what would a wealth […]

It is common for small business owners to put themselves at the back of the queue when it comes to pay. Staff are paid, suppliers are paid, tax bills are covered, and then, if anything remains, the owner may take a share. At first glance this may feel responsible and even admirable. However, there are […]