RAIMS Accountants

VAT UPDATE: Capital Goods Scheme threshold has increased

If your business has significant capital expenditure, this is a VAT change worth knowing about.

From 29 July 2026:

🏢 The Capital Goods Scheme threshold for land, buildings and civil engineering works has increased from £250,000 to £600,000 (excluding VAT).

💻 Computers and computer equipment have also been removed from the CGS threshold.

This could be relevant to businesses, charities and other organisations with significant capital expenditure and a mixture of taxable and exempt supplies.

If you have recently made, or are planning, a significant investment, it may be worth reviewing how this change affects your VAT position.

Need help reviewing your VAT position?
📞 020 3855 2600
💬 WhatsApp: 0744 818 2069
🌐 raimsaccountants.co.uk

🏠 Sold an investment property or second home?

If you’ve recently sold a UK residential investment property or second home, don’t overlook the Capital Gains Tax reporting deadline.

If Capital Gains Tax is payable, you generally need to:

✅ Report the disposal to HMRC
✅ Pay the estimated Capital Gains Tax
⏰ Within 60 days of completion

Missing the deadline could result in interest and penalties.

Not sure if Capital Gains Tax applies to your sale or how much you need to pay?

We’re here to help.

📱 WhatsApp: 07448 182069
🌐 www.raimsaccountants.co.uk
📧 [email protected]

RAIMS Accountants
Professional Accounting. Personal Service.

🚨 Only 12 days until the first MTD filing deadline.

If your qualifying self-employment and/or property income was over £50,000 in the 2024/25 tax year, you may now be within Making Tax Digital (MTD) for Income Tax.

📅 The first quarterly update for the period ending 30 June 2026 is due by 7 August 2026.

If you’re unsure whether MTD applies to you or need help with your quarterly submissions, we’re here to help.

💬 WhatsApp: 07448 121289
🌐 www.raimsaccountants.co.uk

RAIMS Accountants
Professional Accounting. Personal Service.

🚨 19 Days Until the First MTD Filing Deadline

If your 2024/25 qualifying self-employment and/or property income was over £50,000, you may now be within Making Tax Digital (MTD) for Income Tax.

⏳ The first quarterly update, covering the period to 30 June 2026, is due by 7 August 2026.

If you’re unsure whether MTD applies to you, or you need help with digital record keeping and quarterly submissions, RAIMS Accountants are here to help.

📞 Get in touch today for friendly, professional advice.

🌐 www.raimsaccountants.co.uk

Professional Accounting. Personal Service.

🚨 19 Days Until the First MTD Filing Deadline

If your 2024/25 qualifying self-employment and/or property income was over £50,000, you may now be within Making Tax Digital (MTD) for Income Tax.

⏳ The first quarterly update, covering the period to 30 June 2026, is due by 7 August 2026.

If you’re unsure whether MTD applies to you, or you need help with digital record keeping and quarterly submissions, RAIMS Accountants are here to help.

📞 Get in touch today for friendly, professional advice.

🌐 www.raimsaccountants.co.uk

RAIMS Accountants
Professional Accounting. Personal Service.

⏰ Self Assessment payment reminder

If you make Payments on Account, your second payment is due by 31 July. HMRC has recently reminded Self Assessment taxpayers to prepare ahead of the deadline.

Not sure how much you need to pay or whether it applies to you? We’re happy to help.

📱 WhatsApp: 07448 182069
💬 ⁠Message us on WhatsApp

RAIMS Accountants
Professional Accounting. Personal Service.

Not sure if you need to register for VAT? 🤔

It depends on your business and your turnover. Registering at the right time can help you stay compliant and avoid unnecessary problems.

If you’re unsure, we’re happy to help.

📱 WhatsApp: 07448 182069
💬 https://wa.me/447448182069

RAIMS Accountants
Professional Accounting. Personal Service.

💡 Are you claiming all the business expenses you’re entitled to?

Many business owners miss out on simple expenses that could reduce their tax bill.

Keeping good records and knowing what you can claim can make a real difference.

If you’re unsure, we’re happy to help.

📱 WhatsApp: 07448 182069
💬 https://wa.me/447448182069

RAIMS Accountants
Professional Accounting. Personal Service.

☕ Sunday business tip…

Don’t let your receipts pile up.

Spending just 10 minutes each week keeping your paperwork organised can save hours of stress when it’s time to prepare your accounts or tax return.

Need help with your bookkeeping or accounting?

📱 WhatsApp: 07448 182069
💬 https://wa.me/447448182069

RAIMS Accountants
Professional Accounting. Personal Service.

Thinking of changing your accountant?

If you’re waiting days for a reply, always rushing before deadlines, or feel like you’re not getting the advice you need, it might be time for a change.

At RAIMS Accountants, we believe accounting should be simple, proactive and stress-free.

✔ Responsive service
✔ Cloud accounting solutions
✔ Fixed fees
✔ ACCA Registered Accountants

Switching accountants is easier than you might think – we’ll take care of the process for you.

📱 WhatsApp: 07448 182069
💬 Message us instantly: https://wa.me/447448182069

📞 Free initial consultation available.