by AJN Accountants | Jul 6, 2026 | Tax Planning
Employees and pensioners are being encouraged to check whether they are due a PAYE tax refund. HMRC figures suggest that more than 730,000 PAYE refunds went unclaimed last year, with the average repayment worth approximately £855. PAYE overpayments can arise for...
by AJN Accountants | Jun 25, 2026 | Business
From April 2026 small businesses will benefit from a further increase in small employer’s relief. From 6 April 2026 HMRC will reimburse eligible employers 109% of statutory payments made to employees. The relief is designed to support smaller employers with the...
by AJN Accountants | Jun 22, 2026 | Tax Planning
An outstanding loan to a director or shareholder from a close company can trigger a tax charge under Section 455 of the Corporation Tax Act 2010. The director’s loan account is generally used to account for temporary withdrawals from the business for the...
by AJN Accountants | Jun 17, 2026 | VAT
The Government has announced a temporary VAT reduction this summer aimed at helping families with the cost of school holiday activities. Under the new ‘Great British Summer Savings’ scheme, the standard VAT rate of 20% will be reduced to 5% on selected...
by AJN Accountants | Jun 5, 2026 | Business
From the tax year 2025-26 directors of close companies are required to provide additional information in their tax returns, even where no income has been received. HMRC has updated the self assessment tax return for the tax year just ended (2025-26). The form includes...
