Insights & Updates for You

IMPORTANT ANNOUNCEMENT to all Everett King Clients

As we move deeper into one of the busiest tax seasons in recent memory, this edition focuses on three areas that matter most to you right now: the landmark Making Tax Digital changes arriving in April, key shifts in tax rates that affect how you pay yourself, and the broader economic picture for UK businesses in 2026. As always, our team at Everett King is here to help you navigate every step of the way.

1. Tax & Financial Planning

Making Tax Digital for Income Tax – April 2026 Is Here

The biggest change to UK self-assessment since 1997 arrives on 6 April 2026. Making Tax Digital (MTD) for Income Tax Self-Assessment (ITSA) replaces the traditional annual tax return with a digital-first, quarterly reporting system. If you are a sole trader or landlord with total qualifying income (gross turnover) above £50,000, you must comply from this April.

 

What Changes Under MTD?

• Digital record-keeping is now mandatory — paper receipts and manual spreadsheets are no longer sufficient.
• Quarterly updates must be submitted to HMRC summarising your income and expenses every three months.
• An End of Period Statement finalises each year’s figures, followed by a Final Declaration (replacing the old tax return).
• MTD-compatible accounting software is required — if you are unsure whether your current software qualifies, speak to us today.

MTD Roll-Out Timeline

April 2026 Income over £50,000 (sole traders & landlords)	April 2027 Income between £30,000 – £50,000
April 2028 Income between £20,000 – £30,000 (proposed)	Partnerships & Ltd Cos Not currently in scope — future dates to be confirmed (2027-28)

 

Dividend Tax Rates Rising — April 2026

From 6 April 2026, dividend tax rates are increasing for basic and higher rate taxpayers. If you operate through a limited company and pay yourself partly in dividends, this directly affects your take-home income and tax planning.

 

Basic Rate (2025-26) 8.75%	Basic Rate (2026-27) 10.75%  (+2pp)
Higher Rate (2025-26) 33.75%	Higher Rate (2026-27) 35.75%  (+2pp)
Additional Rate 39.35%  (unchanged)	Dividend Allowance £500  (unchanged)

2.Market & Economic Updates

UK Economy: Cautious Recovery in Early 2026

Interest Rates: Further Cuts Anticipated

The Bank of England’s Monetary Policy Committee struck a notably dovish tone at its February 2026 meeting, slashing its two-year-ahead inflation forecast from 2.1% to 1.8%. Markets and major forecasters now widely expect a 25 basis point cut at the March 2026 meeting, bringing the base rate to 3.5%. A further cut to 3.25% later in 2026 is also anticipated, though this depends on the trajectory of wages and inflation.

 

For businesses with borrowing, this is broadly positive news, lower rates will reduce financing costs. However, competition for credit remains, and lenders continue to assess affordability carefully. Now is a good time to review your funding arrangements.

 

3. Business & Industry News

Year-End Tax Planning Checklist — Act Before 5 April

With the 2025-26 tax year closing on 5 April 2026, now is the ideal time to ensure you have made the most of the allowances and reliefs available to you. Key items to consider before year-end include:

 

• Maximising ISA contributions (£20,000 adult allowance, £9,000 Junior ISA).
• Pension contributions — tax relief is available on contributions and could reduce your tax bill significantly.
• Using your CGT annual exempt amount of £3,000 on any planned disposals.
• Reviewing salary/dividend levels before the April 2026 dividend rate increase takes effect.
• Checking whether any capital expenditure can be brought forward to benefit from current allowances.

 

If you would like support understanding how these updates affect your business, or require assistance with Self Assessment or other compliance matters, please contact your Everett King Single Point of Contact, or speak to our team by Clicking on me!!

NEXT STEPS

For tailored advice on how this may affect your specific circumstances, please contact us via email at advice@everettking.co.uk or by telephone at 0844 745 2077

Warm regards all,

The Everett King Team of Staff

Contact Everett King for professional advice.

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IMPORTANT ANNOUNCEMENT to all Everett King Clients

Welcome to the latest Everett King client update, summarising recent UK Government announcements and communications relevant to small and medium-sized businesses. The information below has been compiled from official GOV.UK news and communications.

UK Government Business Updates

1. New Business Growth Service for SMEs

The UK Government has announced the launch of a new Business Growth Service, designed to simplify access to government support for small and medium-sized businesses. The service will bring together advice, guidance and resources into a single platform, helping businesses save time and navigate growth-related challenges more efficiently. The service is expected to launch during 2025 and will be developed in partnership with local and devolved authorities.

What this means for your business:
• Easier access to government guidance and support
• Reduced administrative burden
• Improved visibility of growth opportunities and compliance requirements

2. Government Small Business Plan

Business leaders across multiple sectors have publicly backed the Government’s Small Business Plan, which focuses on improving conditions for SMEs. Key priorities include faster payment practices, improved access to finance, reduced regulatory burden, and targeted business support through the new Business Growth Service.

This reflects a continued policy focus on supporting SME sustainability, growth and resilience across the UK economy.

3. Changes to Public Sector Procurement Rules

The Government has introduced reforms to public sector procurement aimed at increasing access for small businesses. These changes are intended to simplify tendering processes and encourage public bodies to work more closely with local and regional SMEs.

Opportunities for businesses include:
• Greater access to public sector contracts
• Simplified procurement procedures
• Increased opportunities for local and regional suppliers

4. Key Tax Deadline – Self Assessment

A reminder that the deadline for submitting 2024 to 2025 Self Assessment tax returns and paying any tax owed is 31 January 2026.

This applies to:
• Self-employed individuals
• Company directors required to file a return
• Individuals with additional untaxed income

Late submissions or payments may result in penalties and interest. If you have not yet completed your return, we recommend taking action as soon as possible to avoid unnecessary charges.

Key Actions to Consider

• Review upcoming government support services as they become available
• Assess whether public sector procurement opportunities may be suitable for your business
• Ensure Self Assessment returns are submitted and tax liabilities paid by 31 January 2026
• Seek professional advice where changes may impact your tax, payroll or compliance obligations

If you would like support understanding how these updates affect your business, or require assistance with Self Assessment or other compliance matters, please contact your Everett King Single Point of Contact, or speak to our team by Clicking on me!!

NEXT STEPS

For tailored advice on how this may affect your specific circumstances, please contact us via email at advice@everettking.co.uk or by telephone at 0844 745 2077

Warm regards all,

The Everett King Team of Staff

Contact Everett King for professional advice.

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IMPORTANT ANNOUNCEMENT to all Everett King Clients

Autumn Budget November 2025 Business, Tax and Payroll Update

Chancellor Rachel Reeves delivered the Autumn Budget 2025 on 26th of November, announcing £26 billion in tax rises. Alongside measures affecting retail, hospitality, property, and self-assessment taxpayers. Here’s what matters for your business:

FOR ALL CLIENTS: Tax Thresholds Frozen Until 2031

• Personal allowance remains at £12,570, higher-rate threshold at £50,270 until 2030-31
• More than 1.7 million people will face paying more income tax as wages rise but thresholds stay fixed
• No increase to income tax, VAT or National Insurance rates
• This “fiscal drag” will push more employees into higher tax bands over the next six years

CRITICAL: Pension Salary Sacrifice Changes (All Sectors)

• From April 2029: NIC relief on salary sacrifice pension contributions capped at £2,000 per employee
• Protects 74% of basic rate taxpayers currently using salary sacrifice
• Higher earners and employers will pay NICs on contributions above £2,000
• Action needed NOW: Review and maximise salary sacrifice arrangements before April 2029 to benefit from current rules

RETAIL & HOSPITALITY SECTOR

Business Rates Relief:

• Permanently lower business rates for retail, hospitality and leisure properties
• Funded by higher rates on expensive properties like large warehouses used by online retailers

Cost Pressures Easing:

• National Living Wage increases to £12.71 per hour from April 2026 (4.1% rise) – budget accordingly for wage costs
• Energy bills reduced by around £150 on average from April 2026 for business premises
• Fuel duty: 5p cut extended until August 2026, then gradual increases

Alcohol & Hospitality:

• Alcohol duty uprated with RPI on 1 February 2026
• Bingo Duty abolished from April 2026

VAT Changes:

• Removal of customs duty relief for low-value imports to support Britain’s businesses and high streets – levels the playing field with overseas online retailers
• Private hire vehicle VAT loophole closed from 2 January 2026

PROPERTY SECTOR & LANDLORDS

New Property Income Tax Rates from April 2027:

• Property basic rate 22%, property higher rate 42%, property additional rate 47%
• This creates a specific higher tax on rental income compared to other income sources
• Around two thirds of revenue from property income tax increases expected from top 20% of households

High-Value Property Surcharge from April 2028:

• £2,500 annual charge on residential properties over £2 million, £7,500 on properties over £5 million
• Fewer than 1% of properties affected
• Charged to property owners, not tenants

Planning & Development:

• Planning reforms delivered 170,000 additional homes, boosting GDP by 0.2% by 2029-30
• Social and Affordable Homes Programme backed by £39 billion over 10 years

SELF-ASSESSMENT TAXPAYERS

Income from Savings & Dividends:

• Dividend tax increases by 2 percentage points from April 2026
• Savings tax increases by 2 percentage points across all bands from April 2027
• Over 90% of taxpayers do not pay savings tax – existing allowances protect those with low to middle amounts
• Tax-free ISA allowances still protect investment income

ISA Changes from April 2027:

• Cash ISA limit reduced to £12,000 – £8,000 of the £20,000 ISA allowance must go into stocks and shares (except for over-65s)
• Consider investment risk appetite ahead of this change

Capital Gains Tax:

• Business Asset Disposal Relief increases to 18% from 6 April 2026 (previously announced)
• Agricultural & Business Property Relief reformed from 6 April 2026 (previously announced) – £1 million allowance transferable between spouses
• Employee Ownership Trust CGT relief reduced from 100% to 50%

Student Loans:

• Plan 2 repayment threshold frozen from 2027-28 until 2029-30

BUSINESS OWNERS & COMPANIES

Corporation Tax:

• Rate remains at 25% – no increase
• Main rate capital allowances writing down allowances decreased to 14% from April 2026
• New 40% first-year allowance for main-rate assets from 1 January 2026 (cars, second-hand assets and assets for leasing overseas not eligible)

Closing the Tax Gap:

• £10 billion additional revenue from tackling tax avoidance and evasion by 2029-30
• Strengthened informant rewards scheme
• Additional high-street enforcement activity
• More automated tax collection for Self-Assessment taxpayers
• E-invoicing mandatory for VAT from April 2029

Electric Vehicles (Company Car Users):

• New 3p per mile charge from April 2028 for electric vehicles
• Average EV driver pays around £240 per year
• No tracking required – self-reported mileage
• VED Expensive Car Supplement threshold increased from £40,000 to £50,000
• 100% business rates relief for EV charge points for 10 years

EMPLOYEE BENEFITS & PAYROLL

• National Living Wage: £12.71 per hour from April 2026 (affects 2.4 million workers)
• 18–20 year olds minimum wage increases 8.5% to £10.85
• 16-17 year olds minimum wage increases 6.0% to £8.00
• Review payroll costs and pricing strategies for 2026-27

ECONOMIC OUTLOOK

• GDP growth upgraded to 1.5% for 2025
• Inflation forecast to fall to 2% by Q1 2027
• Budget measures reduce inflation by 0.4 percentage points in 2026-27
• Borrowing falls every year, from 4.5% of GDP in 2025-26 to 1.9% in 2030-31

WHAT THIS MEANS FOR YOU

The frozen thresholds create “fiscal drag” through to 2031, gradually increasing tax burdens even without rate rises. For property investors, the new specific property income tax rates from 2027 represent a significant change in how rental income is taxed.

Business owners benefit from stability on corporation tax rates and targeted support for retail and hospitality through lower business rates. However, increased minimum wages require careful financial planning.

The pension salary sacrifice changes from 2029 are particularly important – now is the time to review arrangements while full NIC relief remains available.

IMMEDIATE ACTIONS

✓ Review salary sacrifice pensions – maximise contributions before April 2029 changes

✓ Property landlords – model impact of new 22%/42%/47% property income tax rates from April 2027
✓ Retail/hospitality businesses – claim business rates relief and budget for April 2026 wage increases

✓ Business owners – review capital allowances strategy ahead of April 2026 changes

✓ Investors – consider ISA strategy before April 2027 stocks/shares requirement

✓ All clients – update tax planning for frozen thresholds through to 2031

NEXT STEPS

We will issue detailed technical guidance once HMRC releases full documentation. For tailored advice on how these changes affect your specific circumstances, please contact us via email at advice@everettking.co.uk or by telephone at 0844 745 2077

Warm regards all,

The Everett King Team of Staff

Contact Everett King for professional advice.

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IMPORTANT ANNOUNCEMENT to all Everett King Clients

October 2025 Business, Tax and Payroll Update

As we move into the final quarter of 2025, Everett King continues to provide proactive support in accounting, bookkeeping, VAT, payroll, taxation, licence trade stocktaking, and business advisory.

With regulatory and economic changes continuing to shape the business environment, our role is to ensure you remain informed, prepared, and compliant so ever-increasing finds is avoided.

For clarification or support in reviewing this update, our team is available for personal touch guidance so do reach out to us on our confidential email option advice@everettking.co.uk 

Prime Updates for October 2025 Month On include:

1. Payroll and Employer Statutory Rules & Obligations Changing

 

October 2025 updates from HMRC focus are on key deadlines for PAYE Settlement Agreements and enhanced scrutiny on the use of agency and umbrella workers.

These changes will be particularly important for businesses with flexible or seasonal staffing needs, such as hospitality and retail operators.

We recommend a year-end payroll compliance review check to ensure correct reporting and avoid unexpected liabilities, but we need to be asked as it not a routine task under EK, DOS.

For that specialist payroll support, contact: payroll@everettking.co.uk

 

2. Making Tax Digital and Related Tax Compliance Happening

 

HMRC is progressing prepare the rolling out and expansion of Making Tax Digital (MTD), alongside changes to student loan plans, interest reporting, and capital gains adjustments.

All Businesses are advised to review with EK Accountants the method and software system adopted to ensure digital compatibility and efficient record-keeping in advance of upcoming changes.

Early preparation helps minimise future risk and disruption, missing deadlines, and fines. If you are a Bookkeeping, VAT and Payroll Subscription Client Everett King automatically cover you for this but if you are unsure do reach out to us and ask.

In the first instances, guidance on tax-compliance readiness contact: matthew.russell@everettking.co.uk

 

3. Corporate Governance and Companies House Reforms

 

Companies House has outlined developments that support greater transparency, more accurate business data and strengthened economic crime enforcement.

This includes significantly tighter compliance standards and stronger identity verification measures and fines up to £5,000 if left unattended.

We advise all limited company directors and PSC holders to review their incorporated company records, each directorship information and filing history to ensure accuracy and statutory compliance.

For corporate compliance and filing support concerns contact: matthew.russell@everettking.co.uk

 

4. Hospitality, Retail and the Leisure Sector Updates are

Businesses within this area continue to face inflationary pressures, rising wage costs and increased regulatory expectations.

Everett King specialist and pro-actively engaged guiding clients in these sectors do review:

• Sale -v- Cost Pricing sense check / strategy Gross Profit Sales Margins protection
• Scheduling of Staff Rota Seasonal Staff and that of Agency recruitment outsourced
• Stock management and control systems and the digital transformation to back office
• Utility and Energy-efficiency, operational cost reduction programmes (Consulting).

For a service package review on operational efficiency and financial impact with you directly.

contact: brian.phillips@everettking.co.uk

 

5. Business Accounting Investment and Growth Outlook  

 

Recent investment data suggests a continued focus on improvements in technology, infrastructure, and business productivity -v- downtime.

For companies planning, now is the time to consider equipment upgrades, tax allowable and efficient refurbishment schemes expansion and by counter reactionary modelling.

We assist on written invitation to look at the financial strategic plan, financial modelling and accessing tax-efficient investment benefits from likeminded professional partners.

If any of these issues affect your business, early action is highly recommended. Our team is ready to provide guidance to ensure a smooth transition into 2026.

For your business consolidation or growth, seeking advice and guidance contact: david.everett@everettking.co.uk

 

With Halloween & Guy Fawkes Warmest regards,

 

The Everett King Team of Staff

Contact Everett King for professional advice.

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IMPORTANT ANNOUNCEMENT to all Everett King Clients:

Welcome to the September Edition for Everett King’s Newsletter
As your trusted advisors in accountancy and stocktaking, we know how quickly the business landscape can shift, new tax rules, rising costs, evolving industries. Our job? To keep you one step ahead.

1. What’s Happened Over the Summer?

• New Powers for the Water Sector
  The Water (Special Measures) Act 2025 has come into force. Regulators now have stronger oversight of water companies, including powers to ban executive bonuses in certain scenarios, require real-time monitoring of sewage outlets, and enforce penalties where standards are not met.
• Product Standards: Marketing, Metrology & Weights
  The Product Regulation and Metrology Act 2025 has been passed, covering how goods are marketed, ensuring accurate measurements, and setting standards for labelling. Businesses selling goods should review compliance requirements carefully.
• Regulatory Changes in Payments & Fraud Prevention
  • Updates to the UK’s Payment Services Regulations are in motion, with increasing momentum behind PSD3 — particularly around open banking and fraud prevention.
  • A new “failure to prevent fraud” offence took effect on 1 September 2025. Businesses must have reasonable and proportionate anti-fraud measures in place.
• Companies House: ID Verification

From 18 November 2025, new rules will require directors, People with Significant Control (PSCs), and anyone filing documents at Companies House to have their identity verified. This is designed to improve corporate transparency and prevent fraudulent activity.

• • Verification can be completed directly with Companies House or through an authorised corporate service provider.
  • At Everett King, we can handle the verification process on your behalf as an ACSP, ensuring everything is completed smoothly and correctly.
  • If you’d like us to take care of this for your business, please get in touch with Matthew Russell at matthew.russell@everettking.co.uk , or Abdi Ibrahim at abdi.ibrahim@everettking.co.uk .

2. What’s Coming Up?

• Making Tax Digital (MTD) – Stay Ahead

Even if your business is already compliant, it’s worth refreshing the essentials:

• Quarterly VAT Submissions must be made through MTD-compatible software.
• Digital record keeping is mandatory for sales, purchases, and cashbooks.
• Future rollouts are planned – including income tax and Benefits in Kind reporting – so preparing now avoids disruption later.

 

• Hospitality, Retail & Leisure: Business Rates Relief
  Eligible businesses will continue to benefit from the 40% rates relief for 2025–26 (capped at £110,000). If you operate pubs, restaurants, or retail spaces, this is a valuable opportunity to reduce overheads. Let us help confirm your eligibility.
• Digital Transformation & Efficiency
  AI and automation are increasingly being used in finance and legal processes. For small businesses, this can mean:

  • More affordable fixed-price compliance and payroll services.

  • Greater pressure to adopt digital record-keeping and reporting tools.

  • Opportunities to streamline operations (e.g., digital stock systems for breweries, online booking tools for hospitality, or automated invoicing for garages).

• Reducing Regulatory Burdens
  There’s growing pressure to simplify red tape for small and medium-sized enterprises. In practical terms, this could lead to:

  • Faster turnaround times on filings and approvals.

  • Fewer duplications in reporting obligations.

  • More targeted support for sectors hit hardest by rising costs, such as hospitality and retail.

3.What This Means for Our Clients?

• Review compliance and risk management: Ensure your fraud prevention, data protection, and online safety policies are up to date.

• Audit your company records: Get ahead of the November register changes by contacting matthew.russell@everettking.co.uk , to see how we can support you through the mandatory Companies House ID Verification.

• Keep an eye on costs: As legal and regulatory services move towards fixed-price models, review your options.

• Plan financial decisions carefully: With interest rates still high, exercise caution when borrowing or committing to major long-term expenses.

If any of these items could affect your business and you’d like support , from compliance reviews to preparing for new regulatory changes, we’re here to help.

In Summary
At Everett King, we’re more than accountants. We’re your trusted advisors, here to help you stay informed, compliant, and ready to make the most of every opportunity.

We know that staying on top of tax updates, government schemes, and employment law changes can feel overwhelming. We’re here to make sure you feel confident and supported every step of the way.

If you have any questions or would like tailored advice for your business, please don’t hesitate to reach out. Contact us today at advice@everettking.co.uk or give us a call at: 0844 745 2077 , we’re here for you!

Warm regards,
The Everett King Team of Staff

Contact Everett King for professional advice.

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We’re bringing you more ways to stay informed with exclusive financial insights, reels, and direct links to our expert resources! Be ready for a more interactive experience and never miss a key update again.

IMPORTANT ANNOUNCEMENT to all Everett King Clients:

Welcome to the August Edition for Everett King’s Newsletter
As your trusted advisors in accountancy and stocktaking, we know how quickly the business landscape can shift, new tax rules, rising costs, evolving industries. Our job? To keep you one step ahead.

1. Market & Business Insights

• Resilient sectors – Despite economic challenges, some industries are thriving. Breweries, motoring services, and hospitality are proving to be strong performers. Businesses that diversify or focus on essential services are better positioned to weather uncertainty.

• Cashflow Matters – Late summer can be a tight time for cashflow. Reviewing your receivables and ensuring invoices are chased promptly can ease their pressure. A healthy cashflow today makes planning for growth tomorrow much easier.
• Digital Efficiency – Many of our clients are starting to streamline operations with digital tools. Optimise your Google listing, gather guest reviews, and promote any special offers online!

2. MTD Refresher: What Every Business Should Know

Even if your business is already MTD-compliant, it’s worth confirming these essentials:

• Ensure you’re submitting quarterly VAT via compliant softwares.

• Maintain digitally formatted records, including sales, purchases and cashbooks.
• Plan ahead: upcoming deadlines may impact sectors previously exempt, so staying proactive pays off.

Benefits for clients:

• Avoids costly penalties – Late or incorrect VAT submissions can lead to HMRC fines. Using compliant software keeps you on the right side of the rules.

• Improves accuracy – Digital record-keeping reduces errors, saving you time (and stress) during VAT periods.

• Future-proofs your business – With more areas of tax reporting moving online (such as Benefits in Kind from 2027), stayinng ahead now will make future transitions smoother and less disruptive.

3. Hospitality Sector Best Practices

To support hospitality businesses and help them stay resilient, it’s important to adapt to evolving customer expectations and manage operations proactively. Embracing contactless and mobile payment methods can improve the customer experience, while offering value-driven promotions, such as early-bird deals or end of summer packages, can attract clients during quieter months. Careful cash flow monitoring, supported by forecasting models and contingency planning, ensures seasonal fluctuations are managed effectively. Additionally, optimising your Google listing, gathering guest reviews, and promoting special offers online can help maintain visibility and drive bookings.

4. Regulatory & Public Record Updates

HMRC’s 2024–25 Annual Report outlines a strong commitment to transforming its services with an emphasis on user experience:

• 97% of Self-Assessment returns are now completed online.

• 76% of interactions are through automated or digital self-serve channels.

• HMRC is deploying new digital tools and AI to streamline services and improve response rates GOV.UK.

These changes point to a future where digital fluency isn’t just helpful—it’s essential.

5. Hospitality & Leisure Relief: Business Rates Help for 2025-26

Good news for hospitality, retail, and leisure businesses: eligible properties in England are receiving 40% business rates relief for the 2025–26 tax year, capped at £110,000 per business. Additionally, the small business rate multiplier remains frozen at 49.9p, while the standard multiplier is uprated to 55.5p GOV.UK.

** Tip:** If your business qualifies, this is a critical cost-saving opportunity. Let us know if you’d like help confirming eligibility or applying the relief.

Not a Client Yet?
If you’re not currently an Everett King client but would like support navigating these changes or exploring how we can help your business grow, please get in touch with us through this form. We’d be happy to discuss how our tailored services can benefit you.

In Summary
At Everett King, we’re more than accountants. We’re your trusted advisors, here to help you stay informed, compliant, and ready to make the most of every opportunity.

We know that staying on top of tax updates, government schemes, and employment law changes can feel overwhelming. We’re here to make sure you feel confident and supported every step of the way.

If you have any questions or would like tailored advice for your business, please don’t hesitate to reach out. Contact us today at advice@everettking.co.uk or give us a call at: 0844 745 2077 , we’re here for you!

Warm regards,
The Everett King Team of Staff

Contact Everett King for professional advice.

Follow us here

We’re bringing you more ways to stay informed with exclusive financial insights, reels, and direct links to our expert resources! Be ready for a more interactive experience and never miss a key update again.

IMPORTANT ANNOUNCEMENT to all Everett King Clients:

Welcome to the July Edition for Everett King’s Newsletter
As your trusted advisors in accountancy and stocktaking, we know how quickly the business landscape can shift, new tax rules, rising costs, evolving industries. Our job? To keep you one step ahead.

1. HMRC Launches New Digital PAYE Service

What’s new: HMRC’s Transformation Roadmap, unveiled on 21 July 2025, introduces a brand‑new online PAYE service for ~35 million UK employees. This enables users to check or update their income, allowances, reliefs and expenses via their Personal Tax Account or mobile app, marking a major stride toward a fully digital tax system by 2030.

Benefits for clients:

• Improved accuracy and transparency in tax affairs.

• Reduced administrative burden—HMRC projects £50 million in savings and the equivalence of 1,500 nurse-years removed from paper-based processes by 2028–29.

• Easier integration for employee agents and advisors via new digital self-serve tools.

2. New Services for Self-Assessment Users

What’s new: Ahead of the 31 July Payment on Account deadline, HMRC unveiled enhancements for Self‑Assessment users:

• Streamlined digital registration and opt‑out procedures.

• Enhanced messaging within the online service to clarify process status and reduce queries.

• Simplified online appeals for late-filing and payment penalties.

Benefits for clients:

• Easier onboarding and offboarding from Self Assessment.

• Greater clarity throughout the filing process, helping reduce stress and uncertainty.

• Quicker dispute resolution with a more intuitive appeal system.

3. Trade & Side-Hustle Tax Allowance Increases

What’s new: The UK government plans to raise the reporting threshold for trading/side-hustle income from £1,000 to £3,000, benefiting an estimated 300,000 taxpayers, ~90,000 of whom owe no tax .

Benefits for clients:

• Simplified tax obligations for casual entrepreneurs and gig-economy workers.

• Opportunity to report small-scale income via a simpler digital service instead of full Self Assessment.

Note: Changes are not yet in force—clients should continue to report income above £1,000 this tax year.

4. Regulatory & Public Record Updates

• Companies House guidance (20 July 2025) clarifies what personal data appears on the public register—directors, PSCs and others—and how to correct mistakes.

• Firms should confirm they’ve supplied accurate digital contact info, especially as HMRC and Companies House increase reliance on digital.

5. Sector Spotlight: Hospitality & Community Support

• BII’s “Stronger Together” campaign boosts pubs’ resilience, providing resources and community strategies—ideal for clients in hospitality looking to connect and recover.

• Begbies Traynor’s update: Ty Mawr care home was rescued from administration, saving local jobs and preserving frontline services.

• Clients in the care or hospitality sector can model this by leveraging advisory support and access grant or local authority-backed funding.

Not a Client Yet?
If you’re not currently an Everett King client but would like support navigating these changes or exploring how we can help your business grow, please get in touch with us through this form. We’d be happy to discuss how our tailored services can benefit you.

In Summary
At Everett King, we’re more than accountants. We’re your trusted advisors, here to help you stay informed, compliant, and ready to make the most of every opportunity.

We know that staying on top of tax updates, government schemes, and employment law changes can feel overwhelming. We’re here to make sure you feel confident and supported every step of the way.

If you have any questions or would like tailored advice for your business, please don’t hesitate to reach out. Contact us today at advice@everettking.co.uk or give us a call at: 0844 745 2077 , we’re here for you!

Warm regards,
The Everett King Team of Staff

Contact Everett King for professional advice.

Follow us here

We’re bringing you more ways to stay informed with exclusive financial insights, reels, and direct links to our expert resources! Be ready for a more interactive experience and never miss a key update again.

IMPORTANT ANNOUNCEMENT to all Everett King Clients:

Welcome to the June Edition for Everett King’s Newsletter
As your trusted advisors in accountancy and stocktaking, we know how quickly the business landscape can shift, new tax rules, rising costs, evolving industries. Our job? To keep you one step ahead.

HMRC Guidelines:

A record nearly 300,000 people have filed their tax return in the first week of the new tax year, almost 10 months ahead of the deadline, HM Revenue and Customs (HMRC) has revealed.

Self-Assessment customers can submit their tax return for the 2024 to 2025 tax year between 6 April 2025, the first day of the new tax year, and the deadline on 31 January 2026.

People may need to complete a tax return for the 2024 to 2025 tax year and pay any tax owed if they:

– are newly self-employed with a total income over £1,000
– are self-employed and earn below £1,000 and wish to pay Class 2 National Insurance contributions (NICs) voluntarily to protect their entitlement to state pension and certain benefits
– have received any untaxed income over £2,500
– are renting out one or more properties
– claim Child Benefit and they or their partner have an income above £60,000
– are a partner in a business partnership
– have taxable income earned from savings and investments (incl. dividend income) more than the £10,000 have dividend income of more than £10,000
– have Capital Gains Tax to pay on assets that were sold for a profit above the Capital Gains threshold
– We can help you get your tax return prepared accurately to avoid last-minute stress. Contact David Everett our Tax expert at david.everett@everettking.co.uk to get started.

Britain’s hospitality sector to save £3 million under new scheme

Pubs, cafes, restaurants and hotels across the UK will have lower energy bills thanks to a new emissions cutting trial as part of the government’s Plan for Change.

Over 600 small and medium sized hospitality businesses will receive free energy and carbon reduction assessments to cut energy costs, support productivity and boost growth.

Funded by the government and delivered by Zero Carbon Services, one of the UK’s leading net-zero advisers for the hospitality sector, the trial is expected to save businesses over £3 million. This will help pubs and restaurants to keep more money in their pockets – while allowing them to invest in jobs and continue to be the hubs of communities.

The scheme will support businesses to make cost effective changes such as fixing insulation gaps, upgrading to low energy lighting or tweaking heating settings that will add up to significant savings over the year.

Get in touch with Brian Phillips at brian.phillips@everettking.co.uk to see how these initiatives that may impact your business and guide you through financial planning.

ROLLED UP HOLIDAY PAY

Rolled up holiday pay for employees who work irregular hours, or seasonal workers who work pro-rata throughout the year.

Definition of Irregular work

– An irregular hour’s worker is someone whose working hours are variable and not fixed, often including those on zero-hours contracts or casual contracts.

Rolled-up holiday pay

– Rolled-up holiday pay is when an employer includes holiday pay in an employee’s wages, instead of paying them separately when they actually take time off.

Since 1 April 2024, employers have the option to use rolled-up holiday pay for workers with irregular hours or those who work part of the year.

If an employer decides to do this, they must:

– Calculate holiday pay at a rate of at least 12.07% of the worker’s pay in each pay period (for example, weekly or monthly).
– Pay it at the same time as normal wages for that period.
– Clearly show the holiday pay as a separate line on the payslip.
– Contract Changes

If you decide to introduce rolled-up holiday pay, you must inform staff and follow the correct process for making changes to contracts.

What happens during sickness or statutory leave?

Employees should not lose holiday pay when they are off sick or on statutory leave (such as maternity, paternity, adoption, shared parental, parental bereavement, or carer’s leave).
During these periods, employers must continue to pay an average amount of holiday pay, based on the previous 52 weeks (or however many weeks they’ve worked or received rolled-up holiday pay if less than 52).

Points to consider before using rolled-up holiday pay

Employers should carefully consider if rolled-up holiday pay is suitable for their business and employees.

It’s important to:

– Discuss it with employees (and unions, if relevant).
– Listen to any feedback or concerns.
– Check whether employment contracts need to be updated.
– If you’re considering this change or need support reviewing your payroll and contracts, Everett King is here to help. Reach out to Heather Jordan at heather.jordan@everettking.co.uk.

In Summary
At Everett King, we’re more than accountants. We’re your trusted advisors, here to help you stay informed, compliant, and ready to make the most of every opportunity.

We know that staying on top of tax updates, government schemes, and employment law changes can feel overwhelming. We’re here to make sure you feel confident and supported every step of the way.

If you have any questions or would like tailored advice for your business, please don’t hesitate to reach out. Contact us today at advice@everettking.co.uk or give us a call at: 0844 745 2077 , we’re here for you!

Warm regards,
The Everett King Team of Staff

Contact Everett King for professional advice.

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IMPORTANT ANNOUNCEMENT to all Everett King Clients:

Welcome to the May Edition of Everett King’s Newsletter

As your trusted advisors in accountancy and stocktaking, we know how quickly the business landscape can shift, new tax rules, rising costs, evolving industries. Our job? To keep you one step ahead.

<12 Months Left: Are You Ready for Making Tax Digital?

Yep, it’s happening. From April 2026, if you’re self-employed or a landlord earning £50k+, you’ll be expected to digitally record and submit your income tax info every quarter. Under MTD, you’ll need to keep digital records and submit quarterly updates to HMRC through compatible software. For those still using spreadsheets or paper-based methods, this shift can feel overwhelming. We’re already working with clients to:

• Review and upgrade their record-keeping systems
• Recommend and implement MTD-approved software
• Provide tailored, jargon-free support throughout the process

Yes, HMRC has tools and calculators, but we know most business owners don’t have the time (or patience) to navigate them. That’s why we offer a hands-on, fully managed approach, taking the hassle out of compliance so you can stay focused on what you do best. If you’re unsure how MTD affects your business, or you’d like help getting set up before the deadline hits, let’s talk now.

Hospitality’s New Era: Challenges and Opportunities in a Changing Sector

The hospitality industry in the UK is currently straddling two realities. On the one hand, businesses are grappling with rising operational costs, staff shortages, and tighter margins. On the other hand, there are signs of resilience and growth among those willing to adapt. From our work with pubs, restaurants, and boutique hotels, we’re seeing a renewed focus on efficiency, innovation, and diversification. With increases in the National Minimum Wage and changes to employer contributions, many operators are reassessing their labour models and exploring ways to make technology work harder for them. Meanwhile, recruitment remains a hot topic, with the industry striving to attract and retain skilled professionals. Brands such as KFC are announcing major expansions, and new hospitality ventures are opening in cities and towns across the country. It’s clear that with the right planning, hospitality businesses can weather this period and come out stronger. If you’re wondering how to improve profitability, manage cost pressures, or reposition your offer, our team is ready to help. From cash flow forecasting to digital tools and business planning, we’re here to provide hands-on support.

Navigating New Regulations for Landlords

Being a landlord in today’s market is becoming increasingly complex. With new regulations on the horizon. Staying compliant isn’t just recommended, it’s essential. These changes can quickly erode profitability if not managed properly, particularly for those with larger or more diverse portfolios. At Everett King, we work closely with landlords to stay ahead of these developments. Whether it’s reviewing your current property structure, helping you prepare for higher tax burdens, or ensuring your practices meet the latest legal requirements, our goal is simple: protect your investment and keep your income flowing smoothly. If you’d like a proactive review of your portfolio or tailored tax planning advice, we’re here to help.

Adapting to the Decline in the Night-Time Economy

The UK’s night-time economy is undergoing a dramatic shift. Younger consumers are choosing earlier evenings over late nights, and the impact is being felt across pubs, clubs, and entertainment venues. With the number of UK nightclubs dropping from 1,700 in 2013 to just 787 by mid-2024. While factors like the pandemic and rising operational costs have played a part, this trend also reflects deeper changes in lifestyle and social habits. At Everett King, we’re helping hospitality and entertainment clients not just whether this shift but strategically respond to it. Our financial planning support can help you restructure operations, control costs, and preserve cash flow, while our diversification strategies explore new revenue models tailored to today’s consumer behaviour. If the night-time downturn is affecting your business, let’s talk about adapting for long-term sustainability.

Warm regards,

The Everett King Team of Staff

Contact Everett King for professional advice. Follow Us on Instagram @EverettKing_EK

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