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27/12/2025

HMRC alert for the self-employed ahead of January deadline

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. Read More...

Chancellor clarifies tax change on state pension	Bank of England at odds with Chancellor's claims on impact of tax rises
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... Read More...	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... Read More...

300,000 workers affected by scrapping of work-from-home tax relief

Workers can currently claim either a flat £6 weekly allowance or actual additional costs, with claims backdated up to four tax years. ..
Read More...

January Questions and Answers

January Key Dates

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? Answer

Q: Can you help me to understand what the impact will be on my take-home pay and pension of the salary sacrifice changes announced in the Budget? Answer

Q: I was thinking of deferring getting my state pension, so that I get more later. Are there any tax implications to this, post the Budget announcements? Answer

Newsletter issue – January 2026

1^st

Corporation Tax payments are due for companies with a year-end of 31st March

19^th

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 HMRC by post, for December.

22^nd

Deadline for employers operating PAYE to pay HMRC electronically, for December.

31^st

Corporation Tax Returns (CT600 form) are due for companies with a year-end of 31st January.
It is also the deadline to submit your online self-assessment tax return (if you are required to do one) for the tax year ended 5th April 2025, and to pay HMRC any tax owed.

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