All In Bookkeeping
and Accountancy

Sara White, Editor, Business & Accountancy Daily. Croner. Plan for salary sacrifice cap on pensions creates widespread uncertainty for employees as more than one in 10 companies already decide to end use. The measure announced at Budget 2025 introduces a £2,000 salary sacrifice cap on pension contributions forcing employers to review their current arrangements and risking further employer pullback. Research by the Standard Life Centre for the Future of Retirement found two in

Sara White, Editor, Business & Accountancy Daily. Croner. Following loss at First Tier Tribunal, HMRC lodges appeal against decision on application of reduced rate VAT on community electric vehicle charging business. HMRC has applied for permission to appeal against the decision of the First Tier Tribunal (FTT) following loss of case against Charge My Street earlier this year. The tax authority disputes the tribunal’s decision that Charge My Street was correct to charge 5% re

Jacob Grattage,Reporter, Business & Accountancy Daily. Croner. Equivalent of one in four traders registered for VAT fined £302m in late penalties last year for missing HMRC quarterly payment deadlines. With 2.3m entities VAT registered in the UK, the high level of VAT fines means the equivalent of 25% of registered VAT companies and sole traders were fined by HMRC. A total of 582,000 fines were issued for late payment in 2024-25, a slight increase of 569,000 the previous ye

Sara White, Editor, Business & Accountancy Daily. Croner. Massive overhaul of inheritance tax on pension assets will be difficult for executors to manage with HMRC’s lack of flexibility on short six-month IHT payment deadline. Pension savers need to consolidate scattered pension pots into one place to prevent an admin nightmare for their families after new inheritance tax (IHT) rules come in next April, warn experts at Evelyn Partners. Even if pots are not consolidated, it is

Sara White , Editor, Business & Accountancy Daily. Croner. Following some confusion about exemptions to Making Tax Digital for Income Tax, HMRC updates guidance to clarify situation for those claiming averaging relief in year one waiver. The HMRC guidance on Making Tax Digital (MTD) for Income Tax has been updated to clarify the exemption criteria for not being physically or mentally capable of providing financial information to HMRC, for not having a National Insurance numbe

Sara White , Editor, Business & Accountancy Daily. Croner. Companies House warns companies to check details for dates of birth of directors and person with significant control (PSC) as ID verification requirements highlights problem with wrong information. This has become an issue since mandatory ID verification requirements were introduced by Companies House last autumn as the register clearly cannot process identity verification process if the original data does not correla

CIPD HR-inform . Croner The overhaul of employment rights under the Employment Rights Act (ERA 25) is upon us with sweeping changes to the law for employers, from enhanced sick pay to day one paternity leave for staff. Bringing the provisions of the Employment Rights Act 2025 into force is a complicated process. The Act itself is merely a starting point - from it, a huge amount of secondary legislation needs to be created to bring it to life and that takes a significant amoun

Sara White , Editor, Business & Accountancy Daily. Croner Increase in tax on dividends, directors’ loan interest rate rise, business asset disposal relief hike, frozen thresholds, inheritance tax for farmers and family businesses, Making Tax Digital starts, CIS, and more. Dividend tax There will be a 2% increase in the rates of income tax paid on dividends at the basic and higher rate of taxation. The rates of tax on dividends for 2026-27 will increase to 10.75% at the basi

Jacob Grattage , Reporter, Business & Accountancy Daily. Croner HMRC clarifies how to calculate the main rate of writing down allowance after 4% cut if chargeable period straddles two financial years. At the autumn Budget, the chancellor confirmed a cut in the main rate of writing down allowances (WDAs) from 18% to 14% effective on 1 April 2026 for corporation tax, and 6 April 2026 for income tax. HMRC has clarified the process for reporting chargeable period as many companie

Sara White , Editor, Business & Accountancy Daily. Croner Company car tax bands increase across the board including electric vehicles going to 4%, up to maximum 37% for highest emitting vehicles, affecting over 700,000 employees. Heralding a new tax year, there are increases for most vehicle classes in 2026-27. The electric vehicle (EV) rate goes up from 3% to 4%, adding to the tax costs for employees with these company cars. Standard petrol and diesel rates are also increasi

Sara White , Editor, Business & Accountancy Daily. Croner In a sweeping consultation, HMRC plans draconian reporting requirements on director’s loan accounts and participator loans to connected companies. The move is designed to target the enormous £14.7bn small business tax gap, which hit a record high in 2024, representing 40% of small business corporation tax liability. The proposals to clamp down on potential abuse of close company loans to participators will affect own

Sara White , Editor, Business & Accountancy Daily. Croner-i Above inflation rises for minimum wage kick in from 1 April as national living wage increases to £12.71 for workers aged over 21, day one statutory sick pay starts on 6 April. The national living wage for over-21s will increase by 50p per hour from 1 April to £12.71 from £12.21, while the national minimum wage goes up by 8.5% to for 18 to 20-year-olds to £10.85 per hour from £10, narrowing the gap with the NLW. This

Croner VIP Tax Team In this week’s Q&A, Joshua Hamley-Deane, tax adviser at Croner, explains the differences between recovering input tax on leased and purchased cars for mixed use. Q . My client plans to acquire a car for business meetings and private use (including commuting). What are the VAT input tax recovery implications for purchasing versus leasing? A. The VAT recovery position changes significantly between purchasing and leasing when private use is involved. Purchasi

Sara White , Editor, Business & Accountancy Daily. Croner-i With days until Making Tax Digital for Income Tax goes live for £50,000 plus landlords and self employed, HMRC clarifies exit options and cessation process. The clarification is welcome news and affects taxpayers who have been notified by HMRC that they must sign up to wave one of MTD from 6 April 2026 because they had qualifying income over £50,000 for the tax year 2024-25. There has been a great deal of concern abo

Sara White , Editor, Business & Accountancy Daily. Croner-i Latest figures from HMRC show 21% of taxpayers registered for MTD for Income Tax with nearly 700,000 not yet signed up and low numbers of individual taxpayers. As mandatory quarterly reporting under Making Tax Digital (MTD) kicks in from taxpayers with non-PAYE qualifying income over the £50,000 threshold, only 185,000 individuals have signed up for the new system. HMRC confirmed there is a steady flow of new registr

Sara White , Editor, Business & Accountancy Daily. Croner-i Increase in tax on dividends, directors’ loan interest rate rise, business asset disposal relief hike, frozen thresholds, inheritance tax for farmers and family businesses, Making Tax Digital starts, CIS, and more. Dividend tax There will be a 2% increase in the rates of income tax paid on dividends at the basic and higher rate of taxation. The rates of tax on dividends for 2026-27 will increase to 10.75% at the ba

CIPD HR-inform . Croner-i With British Summer Time (BST) starting on Sunday 29 March when the clocks spring forward, our Croner HR experts explain how this affects pay calculations. Q: How do I deal with the clocks changing? My business partner and I own a late-night opening bar in a busy city centre. Our clients generally come in ‘after the party’, as we’re open until 3am. We’ve had a question from an employee about how we will deal with the clocks changing at daylight savi

Sara White , Editor, Business & Accountancy Daily. Croner-i All businesses will have to use commercial software to file company tax returns from 1 April as current system ‘outdated’ but warning to save three years of records. Companies House and HMRC are closing the joint online filing service on 31 March 2026 removing the free option completely. This will remove all records held in the online filing service so it is essential to make backups as a matter of urgency. From 1 Ap

Jacob Grattage , Reporter, Business & Accountancy Daily. Croner-i Chancellor indicates plan to review approved mileage allowance payment (AMAP) for first time since 2011 ‘ahead of a future Budget’. After being frozen 15 years ago by then chancellor George Osborne under the coalition government, chancellor Rachel Reeves is now considering revisiting the excessively low rate of approved mileage allowance payment (AMAP) rates, currently set at 45p. If rates had kept with inflati

Sara White , Editor, Business & Accountancy Daily. Croner-i With significant changes to statutory sick pay (SSP) with day one eligibility from April, HMRC clarifies payment requirements if sickness straddles old and new rules and for employees on longer term absence. Inevitably some staff will be off sick before and after the start of the day one rights, impacting the way employers calculate payments. HMRC has issued guidance for employers on how to deal with sickness absence