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If you take a loan from your company and it is not repaid within nine months of the company’s financial year end, the company currently faces a corporation tax charge of 33.75% on the outstanding balance. From 6 April 2026, this rate is increasing by 2% in line with the increase to dividend tax rates. […]
Director’s Loan Tax Is Increasing From 6 April 2026 Read More »
The Government has announced an increase to the Approved Mileage Allowance Payment (AMAP) rates for employees/Directors using their own vehicles for business travel. Backdated to April 2026, the tax-free mileage rate for cars and vans will increase from 45p to 55p per mile for the first 10,000 business miles travelled in a tax year. The
The Government has confirmed that it intends to proceed with the proposed Companies House accounts filing reforms from April 2028. Under the original proposals, small companies and micro entities would have been required to file a profit and loss account with Companies House, bringing them more in line with larger companies. This would have meant
What are the forthcoming changes to Companies House Filings? Read More »