Tax Tips and News
HMRC alert for the self-employed ahead of January deadline
Newsletter issue – January 2026 It's that time of year again! If you are required to submit a self-assessment tax return online, you must do so by January 31, declaring your income for the tax year ended April 5, 2025. You must also pay all the tax that you owe by that date. HMRC has…Read More
Chancellor clarifies tax change on state pension
Newsletter issue – January 2026 Following the Autumn Budget, the Chancellor has had to clarify what she meant when she said that nobody would pay tax on their state pension despite it certainly being higher than the personal allowance by April 2027. From April 2026, the new state pension will be about £20 below the…Read More
Bank of England at odds with Chancellor's claims on impact of tax rises
Newsletter issue – January 2026 Catherine Mann, a rate-setter on the Monetary Policy Committee, told MPs that Rachel Reeves's policies - specifically the £26bn National Insurance tax increase and higher minimum wage - have slowed hiring. According to Bank of England analysis, about half of firms are reducing headcount to manage higher costs despite other…Read More
300,000 workers affected by scrapping of work-from-home tax relief
Newsletter issue – January 2026 Workers can currently claim either a flat £6 weekly allowance or actual additional costs, with claims backdated up to four tax years. From April 2026, employees will no longer be able to claim the £6 per week tax relief for home-working expenses. HMRC says the change is to address non-compliance…Read More
January Questions and Answers
Newsletter issue – January 2026 Q: As the limit to investing in cash ISAs is being cut, can I buy cash in a stocks and shares ISA to maintain the tax-free benefit? A: It was announced in the Autumn Budget that, from April 2027, the cash ISA allowance will drop to £12,000 for under-65s. It…Read More
January Key Dates
Newsletter issue – January 2026 1st Corporation Tax payments are due for companies with a year-end of 31st March 19th For employers operating PAYE, this is the deadline to send an Employer Payment Summary (EPS) to claim any reduction on what you'll owe HMRC. It is also the deadline for employers operating PAYE to pay…Read More
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