UK Limited Company Tax Guide 2025/26
The Complete 2025/26 Guide for UK Business Owners
Learn how Corporation Tax, VAT, dividends, IR35, director salaries, MTD and HMRC rules affect UK limited companies in 2025/26 — including practical tax planning strategies and compliance guidance from Dennis & Associates Accountants.
| Author: Dennis Onah (FCCA), Chartered Certified Accountant | Originally Published: May 2026 | Last Updated: May 2026 | Dennis & Associates Accountants |
| ⏱ Estimated reading time: 18 minutes | ✔ Reviewed for 2025/26 tax year | |
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| Table of Contents ► Common Limited Company Tax Mistakes to Avoid ► 1. Corporation Tax ► 2. VAT — Value Added Tax ► 3. Employer’s National Insurance Contributions ► 4. Dividend Tax ► 5. Income Tax and NICs on Director’s Salary ► 6. IR35 — Off-Payroll Working Rules ► 7. Director’s Loan Accounts ► 8. Payments on Account — Self Assessment ► 9. Making Tax Digital (MTD) ► 10. Legal Strategies to Reduce Your Tax Bill ► 11. Key Tax Deadlines at a Glance ► 12. Frequently Asked Questions |
| ✓ Who This Guide Is For This guide is designed for: UK limited company directors, start-up business owners, freelancers and contractors, consultants, e-commerce sellers, landlords operating through a company, and small business owners considering incorporation. Whether you are already trading or thinking about setting up, this guide explains every tax your limited company faces — and how to reduce your bill through compliant planning. |
Running a UK limited company comes with significant tax planning opportunities — but also multiple obligations that can catch directors off guard. Understanding your full tax position is essential for staying compliant and avoiding unnecessary costs.
This guide covers every tax a UK limited company pays in 2025/26: Corporation Tax, VAT, Employer’s National Insurance, Dividend Tax, Director’s Loan Accounts, IR35, Payments on Account, and Making Tax Digital — with current rates, worked examples, and practical planning strategies.
| Unsure how much tax your company should pay? Our team can structure your salary, dividends, VAT and Corporation Tax efficiently. Book a free consultation → |
At a Glance: UK Limited Company Tax Summary (2025/26)
| Tax | Rate / Threshold | Applies To |
| Corporation Tax — profits up to £50,000 | 19% (Small Profits Rate) | All limited companies |
| Corporation Tax — profits £50k–£250k | 19%–25% (Marginal Relief) | All limited companies |
| Corporation Tax — profits over £250,000 | 25% (Main Rate) | All limited companies |
| VAT Registration Threshold | £90,000 annual turnover | Businesses at/above threshold |
| Standard VAT Rate | 20% | Most goods and services |
| Employer NIC | 15% above £5,000 per employee/year | All employers |
| Dividend Allowance | £500 tax-free per year | Individual shareholders |
| Dividend Tax — Basic Rate | 8.75% (10.75% from April 2026) | Income up to £50,270 |
| Dividend Tax — Higher Rate | 33.75% (35.75% from April 2026) | Income £50,271–£125,140 |
| Personal Allowance (salary) | £12,570 tax-free | All individuals |
Common Limited Company Tax Mistakes to Avoid
Before diving into the detail, here are the most frequent and costly mistakes UK directors make — many of which this guide will help you avoid entirely.
| Mistake | Consequence | Solution |
| Taking dividends without sufficient retained profit | HMRC reclassifies as salary — income tax and NIC charges | Maintain accurate bookkeeping; check DLA balance before each dividend |
| Missing VAT registration threshold | Penalties, backdated VAT owed, potential HMRC investigation | Monitor rolling 12-month turnover monthly; register promptly at £90,000 |
| Forgetting Payments on Account | Unexpected January bill of up to 150% of prior year’s liability | Forecast your Self Assessment bill each autumn with your accountant |
| Ignoring IR35 risk | Backdated PAYE, NIC, interest and penalties on contract income | Review every contract against IR35 criteria; take professional advice |
| Poor bookkeeping and record-keeping | Incorrect returns, missed deductions, HMRC enquiry exposure | Use MTD-compatible software; reconcile accounts monthly |
| Mixing personal and company finances | Creates overdrawn director’s loan account and Section 455 charges | Maintain a separate business bank account; never use company card personally |
| Overdrawing the Director’s Loan Account | Section 455 charge of 33.75% on the outstanding balance | Plan salary and dividends to avoid informal withdrawals |
| Missing Corporation Tax deadlines | Automatic £100 fine, escalating penalties, and HMRC interest charges | Set calendar reminders; appoint an accountant to manage compliance |
1. Corporation Tax
What Is Corporation Tax?
Corporation Tax is the primary tax levied on a UK limited company’s annual taxable profits. It applies to all UK-registered limited companies and is paid directly to HMRC based on each company’s accounting period.
Taxable profit = total revenue minus allowable business expenses (salaries, rent, utilities, stock, professional fees) and qualifying reliefs. Dividends paid to shareholders are not deductible — Corporation Tax is calculated before any dividends are distributed.
Our Corporate Tax Returns service handles your CT600 filing, calculation, and HMRC submission — ensuring accuracy and compliance every year.
Corporation Tax Rates 2025/26 and 2026/27
| Taxable Profit Band | Rate | Label |
| Up to £50,000 | 19% | Small Profits Rate |
| £50,001 – £250,000 | 19%–25% (tapered) | Marginal Relief Band |
| Over £250,000 | 25% | Main Rate |
These rates are confirmed unchanged for the financial year beginning 1 April 2026.
Marginal Relief and Associated Companies
Marginal Relief provides a gradual increase in the effective tax rate for profits rise between £50,000 and £250,000 — preventing a sudden spike as profits grow. The precise figure requires HMRC’s Marginal Relief formula and varies by accounting period length.
| ⚠ Associated Companies Warning Both profit limits are divided by the number of active associated companies worldwide. Example: two associated companies — lower limit falls to £25,000, upper limit to £125,000 per company. This is a common compliance trap. Seek professional advice if you own or control multiple companies. |
Corporation Tax Payment Deadlines
- Payment due: 9 months and 1 day after your accounting year-end
- Company Tax Return (CT600): 12 months after accounting year-end
- Important: HMRC does not issue a bill — you must calculate and pay the correct amount yourself
- Late filing penalty: Automatic £100 fine, escalating for continued delay, plus HMRC interest on unpaid amounts
Worked Example: Director on £50,000 Company Profit
| Step | Amount |
| Director salary (deductible business expense) | £12,570 |
| Remaining taxable profit after salary | £37,430 |
| Corporation Tax at 19% (Small Profits Rate) | £7,111 |
| Post-tax profit available as dividend | ~£30,319 |
| Dividend tax: 8.75% after £500 allowance | ~£2,602 |
| Total paid to HMRC | ~£9,713 |
| ⚠ Example Assumptions This example assumes: no other income, no student loan deductions, no employer NIC liability (assumed offset by Employment Allowance or NIC-free salary structure), no pension contributions, and no associated companies. Actual tax liability varies significantly by individual circumstances. Always obtain professional advice for your specific position. |
| 📋 Case Study: How Tax Planning Saved a Director Over £4,000 A consultant operating through a limited company was paying herself entirely through salary at £45,000 per year. After a review with our team, she restructured to a salary of £12,570 (within the personal allowance) and took the balance as dividends. The company also began making employer pension contributions of £6,000 per year — reducing taxable profit before Corporation Tax. The result: her overall tax and NIC position improved by more than £4,000 per year — entirely within HMRC’s rules, with full compliance documentation in place. Every director’s situation is different. Book a free tax review at dassociatesltd.com/appointment to understand your own position. |
2. VAT — Value Added Tax
VAT registration becomes mandatory once your company’s taxable turnover exceeds £90,000 in any rolling 12-month period. Our VAT Registration service manages the entire registration process and advises on the right scheme for your business.
VAT Rates
| Rate | Percentage | Common Examples |
| Standard | 20% | Most goods and services |
| Reduced | 5% | Domestic energy, children’s car seats |
| Zero | 0% | Most food, children’s clothing, books |
VAT Schemes for Small Businesses
- Flat Rate Scheme: Pay a fixed percentage of gross turnover. Can be simpler and occasionally more financially favourable depending on your sector.
- Cash Accounting Scheme: Account for VAT based on actual payments received and made — improves cash flow for businesses with slow-paying clients.
- Annual Accounting Scheme: One VAT Return per year with advance payments. Reduces admin burden but requires careful cash flow planning.
| 💡 VAT Planning Tip Voluntary VAT registration below £90,000 may be worthwhile if your clients are VAT-registered (they can reclaim the VAT you charge), or if you incur significant input VAT on purchases. Our VAT Returns service ensures accurate, timely MTD-compliant submissions and identifies VAT-saving opportunities specific to your sector. |
3. Employer’s National Insurance Contributions
As an employer — including if you are the sole director taking a salary — your company must pay Employer’s Class 1 NICs on wages above the Secondary Threshold.
Employer NIC Rates 2025/26
- Rate: 15% on earnings above £5,000 per employee/director per year
- Threshold change: The Secondary Threshold dropped from £9,100 to £5,000 effective April 2025
- Benefits in kind: Class 1A NICs at 15% also apply to taxable benefits such as company cars and private medical insurance
| ⚠ Employer NIC Calculation Note Employer NIC liability depends on monthly payroll thresholds, payroll method, and Employment Allowance eligibility. Director NICs are calculated on an annual cumulative basis — this can produce unexpected mid-year liabilities if not planned in advance. Always confirm your NIC position with a payroll professional before setting director salary levels. |
Employment Allowance
Eligible companies can reduce annual employer NIC by up to £10,500 in 2025/26. Sole directors with no other employees cannot claim this — at least one other employee earning above the Secondary Threshold is required. Employer NIC is a deductible business expense. Our Payroll service handles NIC calculations, RTI submissions, Employment Allowance claims, and full employer compliance.
4. Dividend Tax
Dividends are not a business tax paid by the company itself, they are a personal tax liability for shareholders. For most director-shareholders, dividend tax is one of the main personal taxes they face.
How Dividends Work
Once your company has paid Corporation Tax, the remaining retained profit can be distributed to shareholders as dividends. Dividends are generally not subject to National Insurance contributions, this is one of the main reasons the salary-plus-dividend structure is more tax-efficient than salary alone in most circumstances.
| ⚠ Dividend Compliance — Critical Rules However, dividends can ONLY be paid from distributable retained profit (profits remaining after Corporation Tax and expenses). Where dividend arrangements are artificial or unsupported by genuine share ownership and distributable profits, HMRC may challenge the treatment. Correct procedures must be followed: board minutes and dividend vouchers are required for each payment. Dividends cannot be used to avoid Corporation Tax — they are paid from profits after Corporation Tax has already been applied. |
Dividend Tax Rates — Current and Upcoming
| Tax Band (Total Annual Income) | Rate 2025/26 | Rate from April 2026 |
| Tax-free Dividend Allowance | £500 | £500 |
| Basic rate (up to £50,270 total income) | 8.75% | 10.75% |
| Higher rate (£50,271 – £125,140) | 33.75% | 35.75% |
| Additional rate (above £125,140) | 39.35% | 39.35% |
The April 2026 rate increases of 2% for basic and higher rates are already legislated. Discuss the timing of any large dividend payments with your accountant. Our Personal Tax Returns service files your Self-Assessment return including all dividend income, with Payments on Account planned in advance.
5. Income Tax and NICs on Director’s Salary
A director’s salary is subject to income tax and employee NICs through PAYE — identical to any other employment income.
Income Tax Rates 2025/26 (England, Wales and Northern Ireland)
| Income Band | Rate |
| Up to £12,570 (Personal Allowance) | 0% |
| £12,571 – £50,270 | 20% (Basic Rate) |
| £50,271 – £125,140 | 40% (Higher Rate) |
| Over £125,140 | 45% (Additional Rate) |
The Personal Allowance reduces by £1 for every £2 of income above £100,000, disappearing at £125,140. Scottish residents pay different rates above the Personal Allowance.
Most Tax-Efficient Director’s Salary Options 2025/26
| Salary Level | NIC Position | Key Benefit |
| £5,000 | No employer NIC; minimal PAYE admin | Zero NIC cost; simplest payroll structure |
| £6,500 | Just above lower earnings limit | Qualifies for state pension year; no employer NIC |
| £12,570 | Employer NIC applies unless offset by Allowance | Uses full personal allowance; no income tax on salary |
| 💡 Salary & Dividend Planning Tip The optimal salary-dividend split depends on your profit level, pension strategy, mortgage applications, student loan status, IR35 position, and upcoming rate changes. Our accountants review this annually for every client. Request a callback to have your remuneration structure reviewed. |
| ⚠ Common Salary Planning Mistakes Taking no salary: prevents earning state pension qualifying years and limits pension contributions. Misunderstanding director NIC rules: annual cumulative calculation can produce unexpected mid-year bills. Ignoring pension strategy: salary level affects the maximum personal pension contributions you can make. Relying on last year’s optimal salary without reviewing: thresholds change every April. |
6. IR35 — Off-Payroll Working Rules
IR35 is one of the most significant and frequently overlooked risks for limited company directors — particularly contractors, consultants, and interim workers.
What Is IR35?
The IR35 (off-payroll working) rules target disguised employees — individuals who work like employees for a client but bill through a limited company. Where IR35 applies, the company’s fees are treated as employment income subject to full PAYE tax and NICs, eliminating most tax planning advantages of the limited company structure.
Who Is Typically at Risk?
- IT contractors and developers working predominantly for one client
- Management consultants and interim managers on long-term engagements
- Healthcare locums and agency workers
- Engineers, project managers, and finance contractors
- Anyone working under client supervision, direction, and control
How IR35 Status Is Determined
Contracts considered “inside IR35” are taxed similarly to employment income, while “outside IR35” contracts allow the traditional limited company tax structure.
For medium and large private sector clients, the end client determines IR35 status and issues a Status Determination Statement. Where deemed inside IR35, the client or agency deducts PAYE and NICs before paying your company. For small client companies, the contractor’s own company determines status.
Common IR35 Warning Signs
- Working mainly for one client
- Fixed working hours
- Client supervision/control
- No substitution rights
- Employee-like benefits
| ⚠ IR35 Compliance Warning Operating outside IR35 and taking income as dividends when genuinely inside IR35 can result in substantial HMRC backdated tax demands, interest, and penalties. HMRC’s CEST tool provides guidance, but is not conclusive in all cases. Professional advice is always recommended. The practice provides IR35 contract reviews and status assessments — contact us before accepting a new contract. |
7. Director’s Loan Accounts
Director’s Loan Accounts (DLAs) are a common source of unexpected tax charges — and a frequent trigger for HMRC compliance checks into owner-managed businesses.
What Is a Director’s Loan Account?
A DLA records all money flowing between a director and their company that is not salary, dividends, or reimbursed expenses. If a director withdraws more than they have put in, the account becomes overdrawn — and specific tax rules apply.
Tax Consequences of an Overdrawn DLA
Section 455 tax charge (a temporary tax on unpaid director loans)
If the loan is not repaid within 9 months and 1 day after the company’s accounting year-end, the company pays a temporary Corporation Tax charge of 33.75% on the outstanding balance under Section 455 CTA 2010. This charge is repayable once the loan is repaid — but it creates a significant cash flow burden in the meantime.
Benefit in Kind Charges
If a director owes more than £10,000 to the company and pays no interest (or interest below HMRC’s official rate), this creates a taxable benefit in kind — triggering an income tax liability for the director and Class 1A National Insurance for the company.
HMRC Compliance Risk
Large or recurring director’s loan balances are a recognised risk area. HMRC can open compliance checks into returns where it considers further review appropriate, and DLA imbalances are a common trigger in owner-managed businesses.
| 💡 Preventing DLA Problems Proper salary and dividend planning eliminates the need to rely on director’s loan accounts. Use MTD-compatible software to track your DLA balance in real time. Our Bookkeeping service monitors DLA positions and flags issues before they become tax charges. |
8. Payments on Account — Self Assessment
Payments on Account are one of the most common financial surprises for new limited company directors — and one of the least discussed topics in standard guidance.
What Are Payments on Account?
If your personal Self-Assessment tax bill exceeds £1,000, HMRC requires advance payments towards the following tax year. These are called Payments on Account and are each calculated as 50% of your prior year’s tax bill.
Payments on Account Deadlines
- First payment: 31 January (same deadline as the balancing payment for the prior year)
- Second payment: 31 July
| ⚠ Cash Flow Warning — The New Director Surprise In your first year of taking dividends, your Self-Assessment bill arrives in January alongside a first Payment on Account. This means you may effectively owe 150% of your first year’s tax bill in a single January payment. Example: A Self-Assessment bill of £5,000 in January also triggers a £2,500 Payment on Account — a total of £7,500 due simultaneously. Plan for this well in advance. Our accountants model your expected Self-Assessment liability every autumn so there are no January surprises. |
Our Personal Tax Returns service calculates your Payments on Account in advance so you always know what is due and when.
9. Making Tax Digital (MTD)
Making Tax Digital is HMRC’s programme to digitise the UK tax system. Compliance is already mandatory for most VAT-registered businesses and is expanding significantly over the next two years.
MTD for VAT — Already Mandatory
All VAT-registered businesses must maintain digital records and file VAT Returns using HMRC-compatible software. Paper records and manual portal submissions are no longer accepted for most businesses. Non-compliance can result in penalties.
MTD for Income Tax Self-Assessment (MTD for ITSA)
From April 2026, additionally, MTD for Income Tax is being phased in for self-employed individuals and landlords with qualifying income above £50,000. The threshold extends to income above £30,000 from April 2027. This requires quarterly digital updates to HMRC in addition to an annual return.
| ✓ MTD-Compatible Software — Our Support FreeAgent, Xero, and QuickBooks all support MTD compliance for VAT and will support MTD for ITSA. The practice supports clients on all major MTD-compatible platforms, including setup, training, and ongoing software support. Getting your digital records in order now — before MTD deadlines arrive — reduces compliance costs significantly. |
10. Legal Strategies to Reduce Your Tax Bill
Tax Planning for Small Limited Companies
Claim All Allowable Business Expenses
Any cost incurred wholly and exclusively for business purposes is deductible. Common deductions: salaries and employer NICs, rent and utilities, travel, professional fees, software, marketing, training, and insurance. Accurate bookkeeping ensures you never miss a valid deduction.
Pension Contributions and Tax Relief
Pension Contributions
Employer contributions to a director’s pension are fully deductible for Corporation Tax — reducing taxable profit pound for pound. Annual contribution limits apply (up to £60,000 gross per year), but pension planning remains one of the most powerful tools available to limited company directors.
Capital Investment Tax Relief
Capital Allowances
The Annual Investment Allowance (AIA) allows 100% deduction of qualifying plant, machinery, and equipment in the year of purchase — up to £1 million per year. Full Expensing provides 100% first-year relief on qualifying new assets.
R&D Tax Credits
Companies investing in innovation — developing new products, processes, or software — may qualify for R&D Tax Relief, potentially yielding significant cash credits from HMRC. Contact us to assess your eligibility.
Optimise Salary and Dividend Split Annually
The optimal balance changes year to year depending on profits, pension strategy, mortgage applications, student loans, IR35 status, and upcoming rate changes. Our Corporate Tax Returns service includes an annual remuneration review to keep your structure optimised.
Company Formation — Get It Right from the Start
If you are considering incorporating, the structure you choose at outset affects your tax position for years. Our Company Formation and Start-up Services include tax structure advice alongside the registration process.
11. Key Tax Deadlines at a Glance
| Tax / Obligation | Key Deadline |
| Corporation Tax Payment | 9 months + 1 day after accounting year-end |
| Company Tax Return (CT600) | 12 months after accounting year-end |
| VAT Return (quarterly) | 1 month + 7 days after end of VAT period |
| PAYE / Employer NIC | Monthly or quarterly depending on payroll size |
| Self-Assessment — balancing payment | 31 January following the tax year |
| Self-Assessment — 1st Payment on Account | 31 January |
| Self-Assessment — 2nd Payment on Account | 31 July |
| Director’s Loan repayment (avoid S455) | 9 months + 1 day after company year-end |
| MTD for ITSA — phase 1 (income over £50k) | April 2026 |
| MTD for ITSA — phase 2 (income over £30k) | April 2027 |
| Unsure how much tax your company should pay? Our team can structure your salary, dividends, VAT and Corporation Tax efficiently. Book a free consultation → |
When to Seek Professional Tax Advice
Tax planning becomes increasingly important as profits grow, additional shareholders are introduced, or businesses expand internationally. Professional advice helps avoid costly mistakes and ensures compliance with HMRC requirements.
12. Frequently Asked Questions
Can a limited company pay no Corporation Tax?
Yes — if the company makes no taxable profit (expenses equal or exceed revenue), no Corporation Tax is payable. You must still file a Company Tax Return even for nil or loss-making periods. Losses can be carried forward to offset future profits.
What is the most tax-efficient salary in 2025/26?
The most common options are £5,000 (no NIC, minimal admin), £6,500 (qualifies for state pension, no employer NIC), or £12,570 (uses full personal allowance). The optimal choice depends on Employment Allowance eligibility, pension strategy, and other income. Book a free review to model the best option for your position.
Do directors pay National Insurance?
Director-employees pay employee NICs on salary above the primary threshold. The company pays employer NICs at 15% on salary above £5,000 per year. Dividends are generally not subject to NICs — which is the primary NIC advantage of the salary-plus-dividend structure.
Can dividends replace salary entirely?
Not advisably. A nil salary means no state pension qualifying year, no employment income for pension contributions, and potential HMRC scrutiny where the arrangement appears artificial. A modest salary combined with dividends is almost always the better approach.
What are Payments on Account and when do I pay them?
If your Self Assessment tax bill exceeds £1,000, HMRC requires advance payments (Payments on Account) of 50% of your prior year’s bill, due 31 January and 31 July. In year one, you may owe your full tax bill plus the first Payment on Account simultaneously in January.
Is a limited company more tax-efficient than being a sole trader?
At profit levels broadly above £30,000–£40,000, a limited company typically produces significant tax savings through lower Corporation Tax rates and the salary-dividend structure. However, additional administrative obligations apply. See our Sole Trader Accounting service for a comparison of both structures.
What happens if I pay an illegal dividend?
HMRC may reclassify the payment as salary, triggering income tax and NICs. In some cases it is treated as an overdrawn director’s loan, triggering the Section 455 charge. Proper bookkeeping and correct dividend procedures prevent this entirely.
Do I need to comply with Making Tax Digital?
If your company is VAT-registered, MTD for VAT is already mandatory. MTD for Income Tax is being phased in from April 2026 for self-employed individuals and landlords with income above £50,000. Our VAT Returns service is fully MTD-compliant and includes all required digital record-keeping.
What expenses can reduce my Corporation Tax bill?
All costs incurred wholly and exclusively for business: salaries, employer NICs, rent, utilities, travel, professional fees, software, marketing, training, employer pension contributions, and capital allowances. Many directors under-claim. A bookkeeping review often uncovers significant missed deductions.
How is IR35 different from normal limited company taxation?
Under normal limited company taxation, you pay Corporation Tax on profits and extract income as a salary-dividend mix. Under IR35, the company’s contract income is treated as personal employment income — subject to full PAYE income tax and NICs, with no access to the dividend strategy. The financial impact can be substantial.
What happens during an HMRC compliance check?
HMRC can open compliance checks into returns where it considers further review appropriate. Common triggers include inconsistencies in filings, high expense ratios, and sector-wide campaigns. Our HMRC Investigations service provides expert representation and support throughout the process.
Related Guides and Services — Dennis & Associates Accountants
This article is the master guide in our limited company tax content series. Explore our related resources:
- Corporate Tax Returns for Limited Companies — CT600 filing and tax planning
- VAT Registration — when and how to register, and which scheme suits you
- VAT Returns — MTD-compliant quarterly submissions
- Personal Tax Returns — Self Assessment including dividend income
- Payroll — director and employee NIC, RTI, Employment Allowance
- Bookkeeping — MTD-compatible records, DLA monitoring, expense tracking
- Company Formation and Start-up Services — tax-efficient incorporation from day one
- HMRC Investigations — enquiry representation and support
- Statutory Accounts — Companies House filing and year-end compliance
- Management Accounts — regular financial reporting for better decisions
| Need Help Reducing Your Limited Company Tax Legally? Our accountants help UK limited companies with: Corporation Tax Planning | VAT Returns | Self-Assessment Tax Returns Payroll & CIS | Bookkeeping | Statutory & Year-End Accounts HMRC Investigations | Company Formation | Audit & Assurance Book a Free Consultation Today dassociatesltd.com/appointment |
| About the Author Dennis Onah FCCA is a Fellow Chartered Certified Accountant and director of Dennis & Associates Accountants with extensive experience supporting UK limited companies, contractors, landlords, and SMEs with tax planning, compliance, bookkeeping, payroll, and business advisory services. With offices in Peterborough and Abuja, the practice draws on decades of combined accounting, tax, and business advisory experience across the UK and internationally, with a commitment to clear, practical, and commercially minded advice. Learn more about the team at dassociatesltd.com. |
Disclaimer
Tax legislation and HMRC practice can change and depend on individual circumstances. This article provides general guidance only and should not be relied upon as a substitute for professional advice specific to your situation. All rates and thresholds reflect confirmed HMRC guidance for 2025/26 and 2026/27 as at May 2026. Dennis & Associates Accountants accepts no liability for actions taken on the basis of this article without professional consultation.
Written by Dennis Onah FCCA, Chartered Certified Accountant. Originally published May 2026. Last updated May 2026. Updated annually for each new tax year. dassociatesltd.com