Red Shoes Accounting Services

23/10/2026

Alert: Exchanging or spending crypto isn't always tax-free and could catch you out. Keep records and check if you owe tax before it's too late. Find out why this matters now.

Red Shoes Accounting

22/10/2026

Self Assessment is a system HM Revenue and Customs (HMRC) uses to collect Income Tax.

HM Revenue and Customs (HMRC) must receive your tax return and any money you owe by the deadline.

If you do not know your profit for the whole tax year, you still need to send a tax return.

if you're sending a paper tax return, HMRC must receive your paper tax return by 11:59pm on 31 October 2026 or you’ll get a late filing penalty.

We're always on hand if you need any help or advice about Self Assessment – give us a call on 01353 865368 or email [email protected] for a chat!

22/10/2026

HMRC confirms £42.8 billion tax debt is still outstanding — but recovery efforts have nearly doubled compared to previous years. Curious about how they're tackling old debts and helping those struggling to pay? Read on to find out more.

Red Shoes Accounting

21/10/2026

Alert: Your pension could affect your tax bill more than you think. Tax on lump sums and combined income could catch you by surprise. Find out why it matters now.

Red Shoes Accounting

20/10/2026

If bookkeeping is becoming a bit of a chore, Red Shoes Accounting can offer you a helping hand.

Our service is fast and efficient because we can automate many aspects of the bookkeeping process – and you can be sure that your financial data will always be up to date and accurate.

With our unique expertise, your accounts data is uploaded directly to cloud software so that it can be easily viewed, downloaded and efficiently prepared for timely end of year accounts, VAT returns, and Making Tax Digital (MTD)

We'll save you time and money by freeing up your team so that they can focus on your core business activities.

Working closely with you, we'll gain a full understanding of your business and tailor our approach to suit your needs. We'll always be on hand to discuss your specific bookkeeping & accountancy requirements.

Not ready to outsource your bookkeeping? If you 'd like to look after your bookkeeping yourself, we also offer training on cloud accountancy packages. We'll help find the right one for you and show you how best to use it.

Ready to find out more? Give us a call on 01353 865368 or email [email protected] for a chat!

20/10/2026

Alert for families: You might be able to pay the Child Benefit tax charge through PAYE, skipping the need for a self-assessment return. Find out why this new option could make tax time easier for you. Read on to see if you qualify.

Red Shoes Accounting

19/10/2026

Big change for alternative education providers! A recent court win means some could claim VAT refunds. Could you be owed money? Read on to find out why this could matter to many colleges and training centres now.

Red Shoes Accounting

19/10/2026

Alert for company directors: New tax return rules mean more info is now mandatory in your self-assessment. Think close companies and dividends. Make sure you're ready. Find out why this matters and what you need to have to hand for your next tax return.

Red Shoes Accounting

19/10/2026

Corporation tax receipts pass £100 billion

HMRC’s latest Corporation Tax statistics show that receipts from corporate taxes passed £100 billion for the first time in 2025-26.

The main statistics are as follows:

* Total receipts from all corporate taxes were £100.4 billion in 2025-26, an increase of £3.5 billion (4%) compared with the previous year. The total includes Corporation Tax together with the Bank Levy, Bank Surcharge, Residential Property Developer Tax, Energy Profits Levy and Electricity Generator Levy.
* Onshore Corporation Tax receipts were £92.9 billion, up £3.9 billion (4%), while offshore Corporation Tax receipts increased by £0.2 billion to £2.2 billion.
* Financial and insurance activities were the largest contributor to Corporation Tax receipts, generating £25.3 billion, or 27% of the total. Wholesale and retail trade contributed £9.5 billion and professional, scientific and technical activities £8.6 billion.
* Corporation Tax liabilities increased by £4.5 billion (5%) to £87.9 billion in 2024-25. HMRC says the increase was mainly attributable to the full implementation of the 25% main Corporation Tax rate.
* Around 7,670 companies had Corporation Tax liabilities of more than £1 million in 2024-25. Although these represented only 0.5% of companies with an amount of tax to pay, they accounted for 60% (£52.7 billion) of total Corporation Tax liabilities.
* In contrast, around 1.1 million companies had liabilities of less than £10,000, accounting for 4% (£3.4 billion) of the total.
* Total capital allowances claimed, after balancing charges, were £155 billion in 2024-25, down £11 billion (7%) from the previous year.

16/10/2026

Alert for businesses trading between Great Britain and Northern Ireland: a new customs platform is launching soon. Make sure you pre-enrol to avoid disruptions with your goods movements after 20 October 2026. Find out why this switch matters and how to prepare today.

Red Shoes Accounting