Hallys & Co, Chartered Accountants

Ready for the New Digital Tax Rules?

Ready for the New Digital Tax Rules? - Hallys & Co While the government recently hit the pause button on those big Companies House changes until 2028, another massive digital shake-up is already here. As of April 2026, Making Tax Digital for Income Tax (MTD ITSA) is officially live for thousands of self-employed people and landlords across the UK. I...

Companies House Filing Reforms Postponed to April 2028

Companies House Filing Reforms Postponed to April 2028 - Hallys & Co What Smaller Businesses Need to Know The UK government has officially delayed major changes to small business and micro-entity accounts filing under the Economic Crime and Corporate Transparency Act 2023 (ECCTA) from April 2027 to April 2028. This delay grants small businesses exactly one full accou...

Coping with possible business rates increases

Coping with possible business rates increases - Hallys & Co Another rising cost for businesses Many business owners are continuing to face increasing financial pressure during 2026 and concerns over possible business rates increases are adding to the uncertainty. For retail businesses, hospitality operators, offices, workshops and many other commercial premi...

Small companies and micro entities will have to file a profit and loss account with Companies House from April 2028

Companies House: accounts changes confirmed for April 2028 Small companies and micro entities will have to file a profit and loss account with Companies House from April 2028 but won’t be forced to publish their data publicly. Meanwhile all companies will have to file their annual accounts using commercial software.

Time for a summer health check?

Time for a summer health check? - Hallys & Co A useful point to review your business For many businesses, summer provides a useful opportunity to pause and take stock before the pressures of the autumn trading period and the approach of the tax year end begin to dominate attention again. The first half of 2026 has brought continuing financial p...

Warning issued over misleading Companies House payment requests

Warning issued over misleading Companies House payment requests - Hallys & Co Businesses are being urged to remain alert after Companies House and the Intellectual Property Office (IPO) issued a joint warning about unsolicited payment requests and misleading invoices being sent to UK companies. According to the government announcement, some businesses are receiving letters an...

Recent uplift in mileage rates leaves motorists out of pocket

Recent uplift in mileage rates leaves motorists out of pocket - Hallys & Co For many years, employees and directors using their own cars for business journeys have relied on HMRC’s approved mileage allowance rates as a simple way to recover motoring costs. However, despite the recent increase in the approved rate from 45p to 55p per mile from 6 April 2026, many motorists ...

Tax Diary June/July 2026

Tax Diary June/July 2026 - Hallys & Co 1 June 2026 – Due date for corporation tax due for the year ended 31 August 2025. 19 June 2026 – PAYE and NIC deductions due for month ended 5 June 2026. (If you pay your tax electronically the due date is 22 June 2026). 19 June 2026 – Filing deadline for the CIS300 monthly […]

How dividends are taxed

How dividends are taxed - Hallys & Co Dividends are taxed differently from other types of income, with separate allowances and tax rates that depend on your overall level of income. You do not pay tax on dividends that fall within your Personal Allowance (2026-27: £12,570), and there is also a separate tax-free dividend allowance of £...

Tax-free gifts for Inheritance Tax purposes

Tax-free gifts for Inheritance Tax purposes - Hallys & Co Making gifts during your lifetime can be an effective way to reduce the value of your estate for Inheritance Tax (IHT) purposes. One of the most commonly used exemptions is the annual exemption. This allows an individual to give away up to £3,000 each tax year without the gift forming part of their...