Tax Tips & News

Q: I've received a letter from HMRC stating I have a drop in my tax-free allowance, so my tax code will change from April. My salary has not increased this past tax year, so why the change? Answer

Q: I'm in receipt of an NHS pension, contribute to a private pension and think I've become a higher rate taxpayer. I've never done a tax return before - how do I claim the tax relief please? Answer

Q: As the end of the tax year approaches, what should I check to maximise my tax allowances?Answer

Newsletter issue – April 2026

1^st

• Corporation Tax payments are due for companies with a year-end of 30^th June.

5^th

• The end of the current tax year (2025/26). Use up any remaining tax allowances or reliefs by this date.

6^th

• The new tax year (2026/27) begins. Most changes to tax rules and other measures mentioned in the latest Budget will take effect from this date.

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, as well as the Final Payment Summary (FPS) for the previous tax year.
• It is also the deadline for employers operating PAYE to pay HMRC by post, for March.

22^nd

• Deadline for employers operating PAYE to pay HMRC electronically, for March.

30^th

• Corporation Tax Returns (CT600 form) are due for companies with a year-end of 30^th April.
• It is also the deadline for submitting the Annual Tax on Enveloped Dwellings (ATED) return and making the associated payment for the period covering 1 April 2025 to 31 March 2026.

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