James Nicol Limited

⏳ The tax year end is fast approaching — have you ticked everything off your checklist?

From making the most of allowances to reviewing dividends, pensions, and capital gains, a few smart steps now could significantly reduce your tax bill before 5 April.

Our latest guide outlines the key actions individuals and business owners should consider before the deadline. ✅

👉 Read the full pre-tax-year-end checklist here:
https://jamesnicol.co.uk/2025/03/06/tax-year-end-checklist/

If you’d like tailored advice, our team is here to help. 💼

Tax Year-End Checklist Mar62025TaxTax Year-End ChecklistAs the 5th April approaches it is worth considering whether you need to take any action to get your tax affairs in order. PENSIONS One of the quickest and easiest ways of reducing your tax liability is by paying into your pension. A limited company can make a pension...

MTD for Income Tax is coming 🚨

From April 2026, landlords and the self-employed with a turnover of over £50k must:

✔ Keep digital records
✔ Submit quarterly returns to HMRC
✔ Use MTD-compatible software

The threshold drops to £30k in 2027 and £20k in 2028 — so many more taxpayers will be affected.

Now is the time to get ready and we will be contacting affected clients in the coming weeks.

Budget Summary 2025 - Download Now!

Autumn Budget 2025 Nov272025TaxAutumn Budget Summary 2025 The Autumn Budget 2025 introduces a range of tax and fiscal updates that will directly impact individuals, businesses, and their advisers. This summary highlights the most relevant changes— including updates to business and personal taxation, reliefs and allo...

🚨 UK Budget 2025 – At a Glance

Today’s Budget brings higher taxes, frozen thresholds, and a push towards long-term fiscal tightening. Key points 👇

• Income tax thresholds stay frozen – more people pulled into higher rates
• Dividend, savings & property taxes all rising
• Salary-sacrifice pension perks capped from 2029
• Household support: energy bill cuts and cost-of-living measures

Uncertainty ahead — now’s the time to review tax planning, pensions and business strategy.

💼 Need help understanding how the Budget affects you? We’re here to support and we will be sending out a detailed Budget Summary to our clients in the coming days.

It’s UK Budget Day! 📢

We’ll be keeping a close eye on today’s announcements and what they mean for businesses, employees, and individuals across the UK.

Stay tuned — we’ll share the key points and our expert insights as the details are released

The Chancellor will deliver her Autumn Budget on Wednesday 26th November 2025 with rumours of tax changes dominating much of the buildup.

We will deliver to all our clients a detailed Budget Summary outlining the key changes and providing guidance as to what impact the changes may have.

Www.jamesnicol.co.uk

We have some excellent office space to rent in a prime location in central Falkirk with the added bonus of on-site parking available.

Take a look 👇

https://www.rightmove.co.uk/properties/164304977 #/?channel=COM_LET

Check out this Office to lease on Rightmove Office to lease in Upper Floor, 17 Wellside Place, Falkirk, FK1 for £500 pcm. Marketed by James Nicol Accountants, Falkirk

🔍 Spending Review 2025: What It Means for You
📅 Chancellor Rachel Reeves unveiled the Spending Review in Parliament on 11 June 2025.

✅ Top Headlines
• Gov’t spending will grow ~2.3% per year in real terms over the review period, adding roughly £190 billion more for day-to-day services  .
• NHS boost: £29–30 billion extra by 2028 (~3% real‑term increase annually) .
• Defence upgrade: +£11 billion; budget rising to 2.5–2.6% of GDP by 2027 .
• Social housing: Record £39 billion over 10 years to build ~1.5 million homes by 2029 .
• Energy & net-zero: £14 billion for Sizewell C nuclear, plus support for carbon capture and small modular reactors .
• Public transport & schools: £4.5 billion for school upgrades, bus‑fare cap extended to 2027, £445 million for Welsh rail .
• Border & law: £280 million added to Border Security Command; ending asylum hotel use within this Parliament .

⚖️ Watchpoints
• Many departments—like culture, Foreign Office, some Home Office divisions—face real‑term cuts or tight budgets .
• Despite no immediate tax rises, borrowing increases (£113 billion capital borrowing announced) may pressure

📢 Winter Fuel Payment Reinstated ❄️💷

The government has officially reinstated the Winter Fuel Payment, providing vital support to pensioners and eligible individuals to help cover heating costs during the colder months.

💡 Key Points:
• Payments will be made automatically between November 2025 and January 2026.
• Most people born on or before 22 September 1959 will qualify.

If you’re unsure whether you’re eligible or how this might impact your personal tax planning, our team is here to help.

📞 Get in touch for guidance or visit GOV.UK for more details.