We are pleased to offer you a complimentary copy of our latest newsletter.
The new Prime Minister Andy Burnham has only just taken over from Sir Keir Starmer, so beyond a stated focus on addressing cost of living concerns, it’s difficult to interpret the new Prime Minister and Chancellor’s economic vision for the country.
In this edition of our newsletter, the feature article explores the current landscape for close company owners, reviewing the 2025 changes as well as those introduced in 2026 including additional reporting requirements and a hike in dividend taxation.
The articles in this issue are:
- Looking ahead to payrolling benefits HMRC is now taking a phased approach when it comes to the introduction of mandatory payrolling of taxable benefits.
- Self-employed pensions gap Three quarters of self-employed people are not saving into a private pension according to a report by the Institute for Fiscal Studies (IFS).
- Close companies directors in focus Small companies and their directors have suffered a number of tax rises in recent months and now also face additional onerous reporting requirements both by the company and in individuals’ tax returns.
- Graduates paying a high price Many graduates are finding themselves worse off compared with employees without degrees once their 9% student debt repayment is taken into account, despite earning higher salaries.
- Profit and loss reporting for small companies and micro-entities returns The government has confirmed that micro-entities and small companies will have to file profit and loss accounts with Companies House from 2028 but can then choose whether these are made public.
We hope you enjoy reading the newsletter. Please get in touch if you need help or advice on any of the topics covered.