McAleer Jackson Ltd

Companies House changes – small companies

From 2028, small companies and micro-entities will be required to file a profit & loss account with Companies House.

While there will be an option to keep this information off the public register, it represents a significant shift towards greater transparency.

📊 What does this mean for you?
• More detailed information submitted as part of your accounts.
• Greater focus on accurate, up-to-date financial records.
• Potential implications for how your results are viewed.

Although this is a few years away, it’s worth starting to think about how these changes may affect your business.

If you’d like to discuss this further, feel free to get in touch.

📢 Directors – tax return changes for the 2025/26 tax year

If you run your own limited company, there’s an important update you should be aware of.

From the 2025/26 tax year, HMRC will require extra detail on your personal tax return, including:
1. Dividends from your own company (separately reported).
2. The company name and registration number.
3. Your shareholding % (highest during the year).

This is a change from the current system, where dividends are reported as one total figure.

👉 In short - more detail, more transparency, and more focus from HMRC.

It’s worth getting your records in order early to avoid any issues or penalties down the line.

If you would like to discuss how this affects you, our team is here to help.

💍 Best Wishes to Amy 💍

Everyone at McAleer Jackson Chartered Accountants would like to wish Amy our warmest congratulations as she prepares to get married.

We hope you have a beautiful and memorable day, and wish you both a lifetime of happiness together.

With best wishes from all at MJ 💖

VAT Update for Hospitality & Leisure Businesses

Good news for Hospitality and Leisure businesses – HMRC has announced a temporary reduced VAT rate of 5% (previously 20%) on:

🍽️ Children’s meals
🎟️ Children’s tickets
🎢 Family attractions

🗓️ Running from 25 June to 1 September 2026

This presents an opportunity to support families while benefiting from VAT savings. However, with implementation just around the corner, it’s important to act now:

✔️ Review your pricing structures

✔️ Update till systems and software

✔️ Ensure VAT coding is accurate

Early action will avoid disruption and ensure compliance. For guidance on preparing your business for this change, give our team a call on 028 8225 0253.

🔗 https://www.gov.uk/government/publications/revenue-and-customs-brief-5-2026-temporary-reduced-rate-of-vat-for-childrens-meals-tickets-and-family-attractions/temporary-reduced-rate-of-vat-for-childrens-meals-tickets-and-family-attractions

Selling or transferring a UK property? This deadline is easy to miss 👀

If you dispose of a UK residential property whether by sale, gift or family transfer, Capital Gains Tax may apply. Where CGT is due, a UK Property CGT Return must be submitted and the tax paid within 60 days of completion (not exchange).

This is easy to overlook, particularly where no cash changes hands. The rule applies even if the disposal is also reported later through Self Assessment and missing it can result in penalties and interest.

A quick conversation early on can make all the difference, from confirming whether CGT applies to estimating liabilities and handling the filing. We’re happy to help.

A tasty pizza afternoon Fire & Feed 🍕

Huge thanks to McAleer Jackson Ltd for inviting us back for the 3rd time to cook for their staff and business neighbours.

That’s a well looked after work force.

Our office will be closed on Monday 4 May for the Bank Holiday. We’ll be back on Tuesday 5 May.

Wishing everyone a lovely long weekend.

Thank you to South West College for their hospitality yesterday. Kerry and Oonagh had the pleasure of speaking with so many students about the accountancy career paths and what working life is really like within our firm.

Thanks to everyone who stopped by for a chat, your questions made the evening a great success. If you’re considering a future in accountancy and want to know more, feel free to reach out.

🎬 And that’s a wrap on our Hollywood‑themed walking challenge.

Over the course of the challenge, our team collectively walked an incredible 12,308,477 steps. A fantastic achievement and a real testament to teamwork, motivation, and commitment.

🏆 Congratulations to our winning team, The Double Director’s Cut, who delivered a standout performance from start to finish, led by Audrey.

🌟 A special mention goes to Emma, our Best Stepper, who clocked up an amazing 544,722 steps, averaging 7.8 miles a day, a truly award‑worthy performance.

Most importantly, every step was taken in support of two vital local causes.

Thank you to everyone who took part, encouraged each other, and helped make this challenge such a success. Together, we’ve shown how small steps can make a big difference.

Our offices will close from 1pm on Friday 3 April and will reopen on Wednesday 8 April.

We wish everyone a restful and enjoyable Easter break.