From 18 November 2025, all company directors and people with significant control (PSCs) will be legally required to verify their identity under the Economic Crime and Corporate Transparency Act 2023.
From 18 November 2025, all company directors and people with significant control (PSCs) will be legally required to verify their identity under the Economic Crime and Corporate Transparency Act 2023.
Businesses Employer’s NI Contributions will increase from 13.8% to 15% from April 2025. And the threshold at which employer’s NIC
It is your responsibility to let HMRC know if you need to complete a tax return and have not done one previously. HMRC guidance says that you will need to submit a tax return if any of the following apply:
Although you have until January 31, to file your Self Assessment Tax Return, you can file your tax return anytime from the end of the tax year that suits you.
Here is a reminder of the key tax changes which may affect you during the 2024/25 tax year, which started April 06, 2024.
The National Minimum Wage and the National Living Wage rates are increasing on April 1, 2024.
Other:
Capital Gains Tax return due to HMRC 60 days from the sale becoming unconditional on a residential UK property.
Deadline to amend a previously filed return online – January 31 following the initial deadline.
Corporation tax filing deadline for a company is 12 months after the end of its accounting period, this will usually fall at a month end. (Be aware this is slightly different for year one incorporations).
Corporation tax payments are due 9 months and 1 day after the company year end.
Annual Accounts are due to be filed with Companies House 9 months from the company year end.
Annual Accounts for a new company are due to be filed 21 months from the date of incorporation.
Quarterly: Small businesses typically file a VAT return four times a year. Each VAT return must be filed one month and seven days after the end of the quarter. Payment should be made on the same date unless a direct debit mandate is in place.
5th day of month: Deadline for monthly RTI submissions
19th of month: Deadline for payment of PAYE due for the preceding month
31st May: P60’s to be issued to employees
6th July: P11D to be issued to employees
19th July: Payment for Class 1A NIC
Fairway Tax and Accounting is a brand encompassing two independent businesses, one in UK and one in Australia, headed by professionals who have worked closely together for over 20 years. The businesses comprise a unique team of specialist tax advisors and accountants who can provide you with the help you need, whenever you need it.
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