The start of the calendar year brings several important tax deadlines for businesses, employers and individuals. January in particular is one of the busiest months in the UK tax calendar, and missing a deadline can result in penalties and interest. Below is a summary of the main tax events for January and February 2026, along with guidance on who is affected and what action is required. January 2026 Tax Deadlines ·      1 January 2026 - Corporation Tax Payment Corporation Tax

The government has confirmed a significant change to the tax treatment of employees’ working from home expenses. From 6 April 2026, employees will no longer be able to claim a tax deduction from their earnings for costs incurred while working from home. This change, announced as part of the government’s wider review of workplace tax reliefs, will affect many employees who currently benefit from home-working expense claims. Current Position Under the existing rules, some emplo

With the festive season underway and household budgets feeling the pressure, many self-employed individuals and business owners are starting to think ahead to their next Self-Assessment tax bill. If paying your tax in one lump sum feels challenging, it’s helpful to know that there may be an option to spread the cost. Although the deadline to file your Self-Assessment tax return and pay any tax due isn’t until 31 January 2026, acting early can make the process far smoother, pa

Making Tax Digital (MTD) for Income Tax is one of the most significant changes to the UK tax system in recent years. While the timetable has shifted several times, the government confirmed further details at the 2025 Budget, giving taxpayers and advisers greater clarity on what lies ahead. Below, we summarise the key points and what they mean for individuals who currently complete a Self Assessment tax return. When Will Making Tax Digital for Income Tax Apply? MTD for Income

With the 31 January Self-Assessment deadline approaching, HM Revenue & Customs (HMRC) has issued a warning about a sharp rise in tax-related scams targeting taxpayers. Scammers frequently take advantage of peak filing periods, when individuals are expecting communications from HMRC and may be more likely to respond quickly. HMRC is urging taxpayers to stay alert and report any suspicious contact. Scale of the Problem Since February 2025, HMRC has received reports of: Over 4,8

What Does It Mean for Profit Extraction? The recent Budget confirmed that dividend tax rates will increase from April 2026, marking an important change for company directors and shareholders who rely on dividends as a key source of income. For many small and medium-sized businesses, dividends form a central part of profit extraction strategies. With higher tax rates on the horizon, now is a good time to review how and when profits are taken from the company. What’s Changing f

The government has now confirmed how the new Renters’ Rights Act will be rolled out. The reforms will be phased in across three stages from May 2026 through to the end of the decade, bringing significant changes for private landlords in England. Below is an overview of what to expect and how to begin preparing. Phase 1: Key Changes from 1 May 2026 The first stage introduces some of the most meaningful reforms—particularly around evictions and tenant protections. End of Sectio

Five practical steps to help your business thrive when you step back When a founder steps away from the day-to-day running of a business, it often makes headlines, as we recently saw with Daniel Ek announcing he would move from Spotify’s CEO role into the position of chairman. While the scale may be very different for owner-managed businesses, the underlying question is exactly the same: How do you prepare your business to run smoothly without you at the centre of everything?

What employers and employees need to know from 1 September 2025 HMRC’s latest update to Advisory Fuel Rates (AFRs), effective 1 September 2025 , introduces an important change for electric vehicle (EV) users. For the first time, there are now two separate rates  for fully electric company cars—reflecting the difference between charging at home and using public charging networks. New electric vehicle rates From 1 September 2025, the AFRs for fully electric vehicles are: 8p per