by Terry Phillips | Jul 13, 2026 | MTD ITSA
Author: Phillips & Co Accountants, Chester Date: 13 July , 2026 As we settle into July 2026, a historic milestone in the UK tax system has just been reached. The very first reporting quarter of Making Tax Digital for Income Tax Self Assessment (MTD for ITSA)... by Terry Phillips | Jul 1, 2026 | director
Author: Phillips & Co Accountants, Chester Date: 01 July , 2026 Running a highly profitable limited company is only half the battle. Following the aggressive government Autumn Budget—which hiked Employer National Insurance to 15%, slashed the NI threshold to just... by Terry Phillips | Jun 22, 2026 | making tax digital, Uncategorized
Author: Phillips & Co Accountants, Chester Date: 22 June , 2026 We are officially in the Making Tax Digital (MTD) era for Income Tax. If you are a sole trader or landlord with a gross annual income over £50,000, the new rules legally took effect on 6 April 2026.... by Terry Phillips | Jun 11, 2026 | mileage rates, tax
Author: Phillips & Co Accountants, Chester Date: 11 June , 2026 In May 2026, Chancellor Rachel Reeves announced a targeted economic support package aimed at mitigating inflationary pressures for both consumers and commercial operators. The most structurally... by Terry Phillips | Jun 9, 2026 | dividends, Limited Company
Author: Phillips & Co Accountants, Chester Date: 09 June , 2026 Introduction Extracting funds from a close company is becoming increasingly expensive. A succession of statutory rate changes across Corporation Tax, National Insurance, and now Income Tax on...