Close company directors face new Self Assessment reporting rules
From the 2025/26 tax year, directors of close companies will need to give HMRC more detail on their Self Assessment tax returns.
From the 2025/26 tax year, directors of close companies will need to give HMRC more detail on their Self Assessment tax returns.
Making Tax Digital represents one of the biggest changes to the UK tax system in many years. From April 2026, many taxpayers will need to keep digital records and send information to HMRC throughout the year using compatible software. For some people the shift will feel small. For others, it will require new systems and habits. Either way, the change is coming – and early preparation will make the transition far easier.
Companies House raised most fees on 1 February 2026, with a few small cuts. These updates link to the wider push to tighten up the UK company register and reduce fraud, backed by new powers under the Economic Crime and Corporate Transparency Act 2023.
Dividends used to feel like a quiet win – a steady income stream that often slipped under the tax radar. That’s changing fast. Following the Autumn Budget, tax on dividend income is rising again. Here’s what dividend income means for you, what’s changing from 2026, and how you protect more of your returns.
If you run a small business, this moment gives you a rare chance to pause, review, and reset. Not in a heavy, accountant-only way – but in a practical, useful way that puts you back in control of your money for the year ahead.
After weeks of strategic leaks, shifting hints and rumoured reversals between Treasury insiders and the media, expectations bounced from sweeping change to cautious restraint.
She’s walking a tightrope — balancing the need to invest, grow, and rebuild trust while keeping within the strict fiscal rules she and the Labour government have set.
From 18 November 2025, all UK company directors and individuals with significant control (PSCs) will be required to verify their identity with Companies House.
In April 2025, the financial thresholds that define whether a business is classed as micro, small, medium or large changed.
The 31 July deadline is almost here. If you’re self-employed or pay tax through Self Assessment, this is the time to check you’re ready to make your second payment on account.