Berkshire Accountants Limited

📢 IMPORTANT UPDATE FOR COMPANY DIRECTORS & SHAREHOLDERS

The tax on dividends has increased from 6 April 2026.

The new dividend tax rates are:
✅ Basic Rate: 10.75%
✅ Higher Rate: 35.75%
✅ Additional Rate: 39.35%

With the cost of extracting profits from your limited company now higher, it's more important than ever to review your salary and dividend strategy.

A simple tax planning review could help you keep more of your hard-earned profits.

📞 Business owners – book your free, no-obligation consultation with Berkshire Accountants Ltd on 0118 327 4200.

🚗 Mileage Allowance Increase for 2026/27

If you use your own car or van for business journeys, there's an important update you should know about.

From the 2026/27 tax year, the Approved Mileage Allowance Payment (AMAP) rates have increased to:

✅ 55p per mile for the first 10,000 business miles
✅ 25p per mile for any business miles over 10,000

📅 Better still, this change has been backdated to 6 April 2026.

Keeping accurate mileage records can help ensure you're claiming the correct amount and maximising available tax relief.

Need help with mileage claims, business expenses, or your tax affairs?

📞 Berkshire Accountants Ltd
☎️ 0118 327 4200
🌐 www.berkshireaccountants.com

Home WELCOME TO BERKSHIRE ACCOUNTANTS LIMITED At Berkshire Accountants Limited, we strive to provide the tailored services that businesses and individuals need. We’re your friendly neighborhood accountancy firm based in Reading and we work with businesses and individuals across the south, on all elemen...

Are you running a business but still unsure if you’re being fully tax efficient?

Many business owners only speak to their accountant once a year — usually when it’s too late to plan properly.

At Berkshire Accountants Ltd, we work with businesses throughout the year to help them:

✔ Save tax legally ✔ Stay organised ✔ Avoid HMRC stress ✔ Improve profits and cash flow

Whether you’re self-employed, a limited company, or a property investor, we’re here to help.

📞 Call us on 0118 327 4200 📩 Send us a message to arrange a free initial chat.

📢 Important Update for Self-Employed & Landlords (Income £50,000+)

From April 2026, Making Tax Digital (MTD) will apply to individuals with annual gross income of £50,000 or more from self-employment and/or property income.

This means you will need to keep digital records and submit quarterly updates to HMRC instead of only an annual tax return.

📅 Quarterly Reporting Deadlines:

Quarter 1
(6 Apr – 5 Jul 2026)
➡ Deadline: 7 August 2026

Quarter 2
(6 Jul – 5 Oct 2026)
➡ Deadline: 7 November 2026

Quarter 3
(6 Oct 2026 – 5 Jan 2027)
➡ Deadline: 7 February 2027

Quarter 4
(6 Jan – 5 Apr 2027)
➡ Deadline: 7 May 2027

⚠️ What this means for you:

More frequent reporting to HMRC
Digital bookkeeping is now essential
Need for compliant accounting software
Better real-time visibility of your tax position

Now is the right time to prepare and avoid last-minute pressure.

📩 If you need help understanding your obligations or getting MTD-ready, please get in touch.

🩺💼 Company Directors: Are you overpaying for insurance?

If you’re paying for life insurance or private medical cover personally, you could be missing out on significant tax savings through your company.

At Berkshire Accountants Ltd, we help directors structure cover in a more tax-efficient way for 2026/27.

Here’s a simple breakdown 👇

1️⃣ Private Medical Insurance (PMI) 🩺

✔ Fast access to private healthcare
✔ Can be paid by your company

⚠️ Tax treatment:

Treated as a Benefit in Kind
You pay personal income tax
Company pays 15% Employer NIC

💡 Still useful because:

It’s a deductible business expense
Corporation tax relief available
Often cheaper than paying personally
2️⃣ Relevant Life Insurance (RLI) 🛡️

✔ Life cover for directors/employees via company

💡 Key advantage:

NOT a Benefit in Kind

✅ Tax benefits:

No Income Tax
No Employee NIC
No Employer NIC
Corporation Tax relief available

👉 In many cases, this can be significantly more tax-efficient than personal life insurance

📌 Bottom line
PMI = health benefit with some tax cost
RLI = highly tax-efficient life cover option

Many directors are unknowingly paying more than they need to.

📞 Want to check your position?

Call us on 0118 327 4200 or DM us — we can quickly review what works best for your setup.

🚨 Making Tax Digital (MTD) is HERE – April 2026 🚨

MTD for Income Tax has now officially come into effect. If you’re a self-employed individual or landlord earning £50,000 or more, you are now required to comply.

What does this mean for you?
✔️ Digital record keeping
✔️ Quarterly submissions to HMRC
✔️ Increased compliance requirements

Don’t worry – we’ve got you covered.

At Berkshire Accountants, our team can:
✅ Set you up for MTD compliance
✅ Handle your quarterly filings
✅ Ensure everything is submitted accurately and on time

Avoid penalties and stay stress-free – let us take care of it for you.

📩 Get in touch today to see how we can help. Contact us: 0118 327 4200