Kube Accounts

* From 1 April 2028, all UK companies must file annual accounts using approved software (paper and web filing for accounts will end).
* Small companies and micro-entities will also have to submit profit and loss accounts to Companies House.
* They can choose not to make those profit and loss accounts public (details to come later).
* The start date has been delayed from 2027 to 2028, giving companies 21 months to prepare.
* If you already file through accounting software or an accountant, you may not need to do anything.
* If you currently file manually, you’ll need to get suitable software, a Companies House presenter account, and be ready to file electronically by 1 April 2028.

Bottom line: UK company accounts filing is becoming fully digital, and smaller companies will have to provide more financial information to Companies House, though they can keep profit and loss details off the public register.

🇬🇧 Key UK Tax Updates (2026)
• Personal Allowance remains £12,570
• Income tax bands unchanged (20%, 40%, 45%)
• Dividend allowance reduced to £500
• Capital Gains Tax allowance £3,000
• Tax thresholds frozen until 2031
📌 As incomes rise while thresholds stay the same, more people may move into higher tax brackets.

Making Tax Digital (MTD) – What You Need to Know (UK)
Making Tax Digital (MTD) is HMRC’s initiative to modernise how businesses and individuals keep and submit tax records. Under MTD, you must maintain digital records and submit returns using compatible software – paper submissions are being phased out.
✅ Who It Applies To:
VAT: All VAT-registered businesses (compulsory for all from April 2022)
Income Tax Self Assessment (ITSA): Sole traders & landlords with income over £50,000 (from April 2026), over £30,000 (from April 2027)
Corporation Tax: Not yet mandatory, but HMRC plans rollout after 2026
📅 Key Deadlines:
VAT-registered businesses – already required to follow MTD rules
ITSA (self-employed & landlords) – starts April 2026 (income >£50k) & April 2027 (income >£30k)
Corporation Tax – earliest expected 2026+ (date TBC)
💻 Action Steps:
Start using MTD-compatible software now
Keep digital records of income & expenses
Speak with your accountant or bookkeeper to stay compliant
Need help getting ready? Contact us today for guidance on MTD software and deadlines.
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⚡🚗 New HMRC Fuel Rates – From 1 Sept 2025
HMRC has updated mileage rates for company cars 👇
🔋 Electric Cars
🏠 Home charging: 8p/mile
⚡ Public charging: 14p/mile
⛽ Diesel
Up to 1,600cc → 12p
1,601–2,000cc → 13p
Over 2,000cc → 18p
⛽ Petrol & LPG – No changes this quarter
Petrol: 12p–22p
LPG: 11p–21p
📅 Old rates valid until 30 Sept 2025 → New rates apply from 1 Oct 2025.
👉 Biggest update: EVs now get separate home vs public charging rates!

💡 3 Simple Ways to Pay Less Tax Legally

1️⃣ Keep every receipt – small expenses add up and reduce your tax bill.
2️⃣ Use your allowances – from ISAs to CGT, unused reliefs are wasted money.
3️⃣ Plan ahead, not after – smart timing of income or sales can save thousands.

👉 The secret isn’t complicated: it’s about planning early and staying organised.

Why give away more than you need to? Start today.

💼 Capital Gains Tax Update – Act Now to Save More!
Big changes are here:
Allowance cut to just £3,000 – use it or lose it!
CGT rates increased for most assets – higher bills if you delay selling.
Business Asset Disposal Relief going up from 10% to 14% next April, then 18% in 2026.
Private equity carried interest taxed at a flat 32% from April 2025.
📅 Plan your disposals and relief claims now to lock in lower rates where possible.
We can help you review your assets, time your sales, and make sure you’re not paying more tax than you need to.

💰 Stop Overpaying Taxes – Start Planning Smart! 📊

Every year, countless business owners and self-employed individuals give away more to the taxman than they should — all because they react at year-end instead of planning ahead.

✅ Incorporate wisely – The right business structure can cut your tax bill significantly.
✅ Claim all allowable expenses – From home-office costs to mileage, don’t leave money on the table.
✅ Leverage pension contributions – Reduce your taxable income while building your future.
✅ Split income strategically – Where legal, sharing income with a spouse can lower overall tax liability.
✅ Use tax-efficient investments – ISAs, SEIS/EIS, and other schemes can protect gains from tax.

📅 The earlier you start planning, the more you save.

💼 As accountants and tax planners, we don’t just file returns — we help you keep more of what you earn.

📩 Message us today to find out how much you could be saving this year.

💼💡 Self-Employed? Here’s How to Pay Less Tax – Legally! 💡💼

Being self-employed gives you freedom — and the chance to structure your income smartly to reduce tax.

📌 Top Tax Planning Tips:
1️⃣ Claim All Allowable Expenses – Office costs, travel, equipment, marketing, insurance, and even part of your home bills. Every pound claimed lowers your taxable profit.
2️⃣ Use the Annual Investment Allowance (AIA) – Buy qualifying assets before year-end to offset profits.
3️⃣ Split Income Where Possible – If your spouse helps in the business, paying them a fair wage can save tax.
4️⃣ Make Pension Contributions – Reduce your tax bill now while building your future.
5️⃣ Consider Incorporation – Switching from sole trader to limited company can lower tax rates and offer more flexibility.
6️⃣ Plan Your Profits – Time large purchases or income to maximise allowances and avoid higher tax bands.

The difference between earning income and keeping income is smart tax planning.

📲 Contact me today — let’s make your self-employed income work harder for you, not the taxman.

🏢💡 Unlock Tax Efficiency with Holding Companies & SPVs! 💡🏢

Smart investors know that structuring your property portfolio through Holding Companies and Special Purpose Vehicles (SPVs) can unlock powerful tax advantages.

🔹 Holding Companies offer streamlined control and enable profit extraction with minimal tax leakage.

🔹 SPVs isolate risks and simplify financing while optimizing your tax position.

This strategic approach can help you:

✔️ Minimize personal tax exposure
✔️ Maximize dividend planning flexibility
✔️ Protect assets effectively
✔️ Enhance borrowing potential

Thinking of scaling your property investments? A well-structured holding and SPV setup is a game-changer for tax planning and asset protection.

Get in touch for expert advice tailored to your portfolio’s needs. Make your investments work smarter, not harder! 📊✨

💼 Small Business Owners – Keep More of What You Earn! 💼

Running a company is hard work — don’t let unnecessary tax bills eat into your profits. Here are smart corporation tax saving tips every small business should know:

✅ Claim ALL Allowable Expenses – From travel to office costs, make sure you’re deducting every legitimate expense.

✅ Use Annual Investment Allowance (AIA) – Get full tax relief on qualifying equipment and machinery.

✅ Consider R&D Tax Credits – If you’re innovating, you may be entitled to significant tax relief (even if you didn’t make a profit!).

✅ Pay Yourself Smartly – Balance salary and dividends for maximum tax efficiency.

✅ Pension Contributions – Company-paid pensions are tax deductible and great for your future.

💡 The right planning can legally reduce your corporation tax bill and free up cash to reinvest in your business.

📞 We help small businesses like yours save money and stay compliant — message us today to book your free initial consultation!