2025 Archives | Taxfile https://www.taxfile.co.uk/category/2025/ Tax advice & accounting services for South London businesses & SMEs Mon, 02 Feb 2026 15:49:17 +0000 en-GB hourly 1 Missed the Tax Return Deadline? What Happens Now? https://www.taxfile.co.uk/2026/02/missed-tax-return-deadline-what-happens-now/ Sun, 01 Feb 2026 10:00:30 +0000 https://www.taxfile.co.uk/?p=7100 Missed the Tax Return Deadline? What Happens Now?

[Updated 1 February 2026]: If you missed the 31 January deadline to submit your self-assessment tax return, you are now into the penalty stage. HMRC applies an automatic £100 penalty to those who are anywhere from 1 day to 3 months late. Further penalties are then added if you take even longer to comply. It's even worse if you haven't paid the tax owed to HMRC by 31 January because you'll then owe interest on that too. Here's our professional advice of what to do if you're late...

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31 January is the Tax Return Deadline! https://www.taxfile.co.uk/2026/01/self-assessment-tax-return-deadline/ Sat, 31 Jan 2026 08:00:11 +0000 https://www.taxfile.co.uk/?p=3397 31 January was the Self-Assessment tax return deadline!

[As at 31 January 2026]: 31 January 2026 was THE FINAL DEADLINE by which you needed to file your Self Assessment tax return with HMRC...

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Saturday Appointments Available — Book Now for Tax Returns & More https://www.taxfile.co.uk/2025/12/saturday-appointments-in-january/ Tue, 23 Dec 2025 13:29:19 +0000 https://www.taxfile.co.uk/2022/01/saturday-appointments-in-december-book-now-for-tax-returns-etc/ Saturday Appointments Available for a Limited Time - Book Now for Tax Returns Etc.

Taxfile is open on Saturdays until the end of January, by appointment, with this coming Saturday 24 January 2026 opening from 9 am to 5 pm. We're also open on Sunday 25 January, from 10 am to 5 pm, by appointment. Weekend appointments might be useful if you need to see us for your 2024/25 tax return, or any other accountancy work, but can't do it on a weekday. Weekend slots are limited, so please book in urgently if a weekend appointment suits you — before slots are all taken. Late appointments are also available on Mondays and Tuesdays, when we open until 6pm during January, or choose any other weekday if you can come earlier. Please see the footer of our website for latest opening times.

Book in on 0208 761 8000 or book your appointment online (here). We are happy to do virtual (video/phone) or physical appointments at our Tulse Hill office in Thurlow Park Road — whichever suits you best.

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Companies House ID Verification 2025: A Director’s Guide to the New UK Rules https://www.taxfile.co.uk/2025/06/companies-house-id-verification-2025-directors-guide/ Wed, 11 Jun 2025 15:25:49 +0000 https://www.taxfile.co.uk/?p=8894 Companies House ID Verification 2025: A Director's Guide to the New UK Rules

A major change is coming for all UK company directors in 2025. Companies House is introducing mandatory identity verification and we've created this essential guide to explain what the new director ID verification rules mean for you, ensuring you stay compliant and avoid significant penalties.

These new measures are part of the Economic Crime and Corporate Transparency Act (ECCTA), a significant piece of legislation designed to improve the quality of data on the UK Companies Register and prevent corporate structures from being used for fraudulent activities.

This guide will walk you through the key changes, deadlines, and the exact steps you need to take.

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Don’t Miss Out! Your Future Pension Needs YOU! – Check Your NI Contributions by April 5th, 2025 https://www.taxfile.co.uk/2025/03/check-your-ni-contribution-by-5-april-2025/ Thu, 20 Mar 2025 17:15:20 +0000 https://www.taxfile.co.uk/?p=8692 Don't Miss Out! Your Future Pension Needs YOU! - Check Your NI contribution by April 5th, 2025

Have you ever thought about your pension? It might seem far away, but it's super important to start thinking about it now! One of the key things that helps build your future pension is your National Insurance (NI) contributions. In today's post, we explain an important deadline that you won't want to miss out on if you have gaps in your NI contributions and would like to potentially boost your state pension.

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Lowering the Secondary Threshold for Employer NI – What You Need to Know https://www.taxfile.co.uk/2025/03/lowering-secondary-threshold-for-employer-ni/ Thu, 06 Mar 2025 12:13:48 +0000 https://www.taxfile.co.uk/?p=8595 Lowering the Secondary Threshold for Employer NI – What You Need to Know

From April 2025, the secondary threshold for employer National Insurance ('NI') will be lowered. This means that employers will need to start paying employer NI contributions on their employees' earnings sooner. In today's post we explain how this will affect employers, how much the employer NICs will increase, changes to the Employment Allowance, and more.

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Boost Your State Pension with Voluntary National Insurance Contributions https://www.taxfile.co.uk/2023/12/boost-state-pension-with-voluntary-national-insurance/ Fri, 15 Dec 2023 18:10:33 +0000 https://www.taxfile.co.uk/?p=7477 Boost Your State Pension with Voluntary National Insurance Contributions

As we approach retirement, ensuring a comfortable financial future becomes a top priority. The state pension, a crucial source of retirement income, is dependent on the number of qualifying years of National Insurance (NI) contributions you have made. While gaps in your NI record can diminish your state pension entitlement, there's a solution: voluntary NI contributions.

To receive the full state pension, you need 35 qualifying years of NI contributions. These years typically accumulate as you work, with contributions automatically deducted from your salary. However, there may be instances where you may not have earned enough to make mandatory NI contributions, leading to gaps in your record.

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