Draper Accountants Ltd

With just over a month until #MakingTaxDigital for Income Tax begins, if you need assistance please contact us via: draperaccountants.co.uk/contact/ We are a small family run company based in Leatherhead, Surrey. #Accountant #SelfAssessment #MTD #Soletrader #Landlord

Business tax changes from 1 April 2026 - penalties for late filing of corp tax returns double, end of free HMRC software, cut in capital allowance rates, PAYE liability for recruitment agencies, hike in economic crime levy, road tax up accountancydaily.co/business-tax-c… @accountancylive

Today marks our 17th year since we begun trading! 🥳 #Accountant #FamilyBusiness #TaxTwitter

Enjoying the Iris Connect event today in London @IRISaccountants #IrisConnect #MTD #AI #Cyber #Accountancy #TaxTwitter #Tax

New legislation designed to protect small businesses will ensure companies pay suppliers within 60 days - with late payments potentially triggering fines @SB_Commissioner #SMEs #LatePayment #Suppliers #Companies

Some state pensioners will receive updated PAYE tax codes. This is to recover winter fuel payments from those whose total income exceeded £35,000 in the 25-26 tax year. They will be notified by letter or via the HMRC app. #WFA #WinterFuelAllowance #UK #Tax draperaccountants.co.uk/news/tax-news/…

The Monetary Policy Committee voted unanimously to keep the interest rate at 3.75%. Find out more: bankofengland.co.uk/monetary-polic…

Corporation tax late filing penalties to double from 1 April 2026. The initial late filing penalty will be £200; returns submitted more than 3 months late will be £400. Where there are 3 successive failures the penalties are increasing to £1,000 and £2,000 respectively.

Businesses given £3k grant to hire young people -To combat rising youth unemployment, government to give employers £3,000 grants to encourage job creation for youngsters, part of a £1bn package accountancydaily.co/businesses-giv… via @accountancylive

Non-residents of the #UK have until 5 April 2026 to make Class 2 voluntary #NI contributions to fill in gaps in their NI record for their #StatePension entitlement.

Individuals with £4,000 or more in #savings accounts may have an unexpected #tax bill from #HMRC due to automatic detection of interest earned. Banks automatically report interest to HMRC. Interest earned can exceed the Personal Savings Allowance. #UK #SelfAssessment

Data released by the Contentious Tax Group show #complaints against #HMRC are at a 5 year high at 93,589 in 24/25- which is up from 78,542 in 20/21 #UK

#UK inflation is forecast to be around the target level of 2% over the next 5 years according to the #OBR. #SpringStatement #Inflation

From 6 April 2026, #selfemployed workers and #landlords earning over £50,000 in gross income will need to keep digital tax records throughout the year, submit quarterly tax updates to #HMRC, and file an annual Making Tax Digital #MTD tax return. #Tax #UK draperaccountants.co.uk/news/tax-news/…

📻 There’s no avoiding it - tax is changing. From April 2026, if your combined turnover from self‑employment and property is over £50,000, you’ll keep digital records and send quarterly updates using recognised software - then file one annual return that brings it all together. Start now. makingtaxdigital.campaign.gov.uk/?&utm_source=t…

March 22nd PAYE deadline falls on a Sunday - employers should set up their payments by Friday 20th instead (unless you are arranging a faster payment). If the payment is late, you may be charged interest for late payment. #PAYE #Payroll #Employers #UK #TaxTwitter

The #Treasury reported a record £109.7bn in #tax receipts for January 2026 - first time it surpassed £100bn in a month. This amount has increased by £13.3bn from the previous year. #UK

If an individual receives a one off fee for consultancy, they should enter this income in box 17 of SA100 on their #TaxReturn so it does not count for qualifying income for MTD for Income Tax. #UK #Tax #MTD #SelfAssessment #Accountant

Tax adviser registration starts 26 May - HMRC clarifies sign-up details for mandatory register of tax agents with three-month window to submit applications and confirmation of exemption for in-house corporate tax and payroll teams accountancydaily.co/tax-adviser-re… via @accountancylive

"UK inflation rate falls to 3% helped by cost of petrol and bread" #Inflation #UK bbc.co.uk/news/live/cg4g…