NK PRO UK

🚨 Major changes coming for UK companies from 18 November 2025! 🚨

👉 From this date, all Company Directors and Persons with Significant Control (PSC) must complete identity verification with Companies House.

This requirement comes under the Economic Crime and Corporate Transparency Act 2023, designed to:
✔️ Increase business transparency
✔️ Fight fraud and remove fake companies
✔️ Protect genuine entrepreneurs

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📌 Who must be verified?
✔️ All company directors
✔️ Persons with Significant Control (PSC)
✔️ LLP members and certain partners

📅 Key Dates to Remember:
• 8 April 2025 – voluntary verification opens
• 18 November 2025 – identity verification becomes mandatory (1-year transition period)
• Autumn 2026 – all active directors and PSCs must be verified

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📌 What is the Companies House personal code?
Once verified, every individual will receive a unique 11-digit personal code (e.g., FT5-15ED-7JY5).
🔑 This code is yours (not the company’s) and will be needed for:
✔️ Filing a confirmation statement
✔️ Being appointed as a director or PSC

➡️ The code is issued once and applies across all your roles and companies.
➡️ Keep it safe — like a password or UTR. It will not appear on the public register.

⚠️ Without verification, you cannot act as a director or file documents. Non-compliance may lead to penalties.

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✅ At NK RPOUK, we help businesses stay compliant with changing UK legislation.
If you need guidance with verification or other Companies House requirements, get in touch today.

📞 +44 7903 058 525

⚠️ HMRC Scam Warning: Protect Your Business ⚠️

Did you know that in the past year HMRC reported more than 170,000 scam attempts, including 47,000 fake tax refund messages? 🚨

Scammers often pretend to be HMRC, sending emails, texts, or calls that look official. They use urgent language like “You’re owed a refund” or “Your account will be closed” to trick you into sharing sensitive information.

💡 Remember:
• HMRC will never ask for bank details by text or email.
• Don’t click suspicious links or attachments.
• Always check directly through your official HMRC account.

Your financial safety matters. ✔️

👉 If you want peace of mind and to avoid falling victim to scams, trust professionals who can manage your taxes securely and accurately.

Contact NK RPOUK today for expert support.

🌟 Searching for an accounting partner you can truly rely on? 🌟

Running a business comes with enough challenges — leave the numbers, compliance, and strategic financial planning to the professionals at NK RPOUK, so you can focus on what matters most: growing your business with confidence.

📊 Our expert services include:
• Bookkeeping & Financial Records
• Tax Compliance & Returns
• Payroll & Pension Management
• Annual Accounts & Financial Reporting
• Business Advisory & Financial Strategy

🏆 Out of thousands of accountancy firms in the UK, NK RPOUK stands out for its commitment to precision, transparency, and client satisfaction. Our reputation is built on results — and trusted by businesses across the country.

✅ Transparent, fixed monthly pricing
✅ Cloud-based solutions for real-time access
✅ Multilingual support for diverse businesses
✅ Personalised service and proactive advice

📞 Let’s talk: +44 7903 058 525
🚀 NK RPOUK Ltd — where accounting meets clarity and growth.

📢 MANDATORY DIGITAL TAX REPORTING FOR SELF-EMPLOYED & LANDLORDS – STARTING APRIL 2026

If you earn over £50,000 from self-employment or property (combined) in the 2024–25 tax year, the Making Tax Digital (MTD) rules will apply to you from 6 April 2026.

🔍 What will be required?
💻 Digital record-keeping of all business and rental income/expenses
📊 Quarterly submissions through MTD-compliant software
🧾 Final annual tax declaration online

⏰ Start preparing early — MTD is not optional, and late preparation can result in penalties.

💼 Need support with the transition?
Let NK PROUK guide you every step of the way:

✅ Seamless setup for Making Tax Digital
✅ Accurate digital bookkeeping
✅ Quarterly updates + annual tax return
✅ Multilingual support: English | Ukrainian | Russian

📲 Available UK-wide.
📩 Message us today — we’ll take care of your taxes, so you can focus on growing your business.

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🔔 HMRC отримує право списувати податкові борги безпосередньо з банківських рахунків

📌 З 2025 року Управління з податків та митних зборів Великобританії (HMRC) знову впроваджує механізм прямого списання податкових заборгованостей з банківських рахунків платників податків.

Основні умови:
• 📍 Застосовується до боргів понад £1,000
• 📍 Після списання на рахунку має залишатися не менше £5,000
• 📍 Перед списанням HMRC зобов’язане здійснити кілька спроб зв’язку з боржником

💼 У 2019 році цей механізм дозволив зібрати £178 мільйонів. Втрати економіки Великобританії від ухилення від сплати податків оцінюються в £5,5 мільярдів щорічно.

⚠️ Примітка: Цей крок викликав занепокоєння серед правозахисників, які вважають його потенційно авторитарним.

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🔔 HMRC Gains Authority to Directly Deduct Tax Debts from Bank Accounts

📌 Starting in 2025, the UK’s HM Revenue & Customs (HMRC) reinstates the mechanism to directly deduct tax debts from taxpayers’ bank accounts.

Key Conditions:
• 📍 Applies to debts over £1,000
• 📍 At least £5,000 must remain in the account after deduction
• 📍 HMRC must attempt to contact the debtor multiple times before deduction

💼 In 2019, this mechanism helped collect £178 million. The UK’s economy loses approximately £5.5 billion annually due to tax evasion.

⚠️ Note: This move has raised concerns among civil rights advocates, who consider it potentially authoritarian.

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‼️ KEY TAX TRAPS FOR INDIVIDUALS IN THE UK – 2025 ‼️

📉 Reduced Tax-Free Allowances:
• Dividends – The tax-free allowance drops from £1,000 to £500. Excess dividends taxed at 8.75% / 33.75% / 39.35%.
• Capital Gains Tax – Annual exemption reduces from £6,000 to £3,000. Gains above taxed at 10% / 20% (or 18% / 28% for property).

💰 Higher Child Benefit Tax (HICBC):
• Child benefits reduced for income over £60,000, completely removed at £80,000.

⚠️ Loss of Personal Allowance:
• For income over £100,000, the £12,570 personal allowance decreases by £1 for every £2 earned, creating an effective 60% tax rate between £100,000 and £125,140.

📌 Frozen Tax Thresholds:
• Income tax bands & allowances remain frozen until 2028, pushing more taxpayers into higher brackets.

🏡 Inheritance Tax (IHT) Freeze:
• IHT threshold remains £325,000 (£500,000 with residence nil-rate band), capturing more estates due to property value growth.

📊 Pension Contribution Limits:
• Annual allowance rises to £60,000, but exceeding it or large withdrawals may trigger additional tax charges.

📈 Increased National Insurance Contributions (NICs):
• Those with multiple income sources may face higher NIC liabilities.

🏫 VAT on Private School Fees:
• A potential 20% VAT will significantly increase education costs for families with children in private schools.

🌍 Non-Dom Taxation Reform:
• Non-domiciled status to be removed, meaning UK residents will be taxed on worldwide income.

🚀 Key Tax Planning Strategies:

✔️ Maximise ISAs & pensions for tax efficiency.
✔️ Monitor income thresholds to avoid tax cliffs.
✔️ Use tax-efficient investments amid reduced CGT & dividend allowances.
✔️ Budget for private school VAT impact.
✔️ Seek professional tax advice to navigate these changes.

Plan ahead to minimise tax burdens and optimise your finances in 2025!

#податкивеликобританія #податковазвітність #податковийсезон #бухгалтерія

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Salaries and Taxes in the UK: What You Need to Know

Understanding salaries and taxation is crucial for employees and business owners in the UK. Here are the key points:

✅ Income Tax – The UK has a progressive tax system:
• Personal Allowance – £12,570 (income below this is tax-free).
• Basic Rate – 20% on income from £12,571 to £50,270.
• Higher Rate – 40% on income from £50,271 to £125,140.
• Additional Rate – 45% on income above £125,140.

✅ National Insurance (NI) – Required contributions for employees and employers:
• Employees pay 8% on earnings over £12,570.
• Employers pay 13.8% on earnings above £9,100.

✅ PAYE System – Employers deduct tax and NI from salaries before payment.

✅ Self-Employed Taxes – Income Tax and NI are paid through Self Assessment.

💡 Planning your finances wisely can help reduce tax liabilities and improve cash flow. Need advice? Contact us!

What Triggers an HMRC Tax Investigation?

HMRC has the right to review your personal and business records at any time to ensure you’re paying the correct amount of tax across various aspects of your finances. Here’s what you need to know:

What is an HMRC Tax Investigation?

If you or your business are selected for an investigation, you will receive an official letter or phone call from HMRC outlining their request to review your records.

Investigations are typically triggered when HMRC identifies discrepancies or suspicious data. However, other common triggers include:
✔️ Reports or complaints from third parties
✔️ Operating in high-risk industries (e.g., cash-based businesses)
✔️ Significant drops in income, increased expenses, or inconsistencies in financial reports
✔️ Persistent late filing of tax returns
✔️ Expenses that exceed industry norms
✔️ Tax returns that don’t match your standard of living
✔️ Targeted reviews of specific sectors by HMRC

Areas HMRC May Investigate:

HMRC can review one or multiple aspects of your business, including:
✔️ Corporation Tax: For limited companies, tax returns and payments
✔️ Personal Tax Returns: For sole traders or self-employed individuals, including any tax years in question
✔️ PAYE Records: Employer obligations, reporting, and payments
✔️ VAT Returns: Compliance and payments if you’re VAT-registered
✔️ CIS Records: Documents and payments related to the Construction Industry Scheme

Steps to Take if You’re Under Investigation:

If you receive notification from HMRC, here’s what you should do immediately:
‼️ Verify that the correspondence is legitimate and not a phishing scam.
‼️ Check whether you have Tax Investigation Insurance and make a claim if applicable.
‼️ Contact your accountant immediately for professional assistance.

💡 Pro Tip: Be proactive and ensure your financial records are accurate, up to date, and compliant to reduce the risk of triggering an investigation.

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