Income Tax Archives | DPC Accountants: Accountants in Stoke-on-Trent

How to make sure your personal finances stay on track

Your business can be doing well financially but you can still feel uncertain about where your personal finances are heading.

For many business owners, wealth has built up gradually and unevenly. For instance, you might have various pensions opened for tax reasons, personal savings and investments built up from good trading years, and surplus cash held in the business “just in case”. You may also be counting on the future sale value of your business.

20th May 2026

VAT Returns: Bumper month in April and AI providing misleading advice

It’s been a bumper month in April for submitting tax returns and AI is providing misleading advice.

20th May 2026

Don’t get caught out by ATED – what you need to know

The Annual Tax on Enveloped Dwellings (ATED) is a UK tax charged on companies and certain other entities that own residential property valued above £500,000.
It was introduced by the government in 2013 to discourage the use of corporate “envelopes” to hold high-value residential properties.
It is an annual tax charge payable by Companies, Partnerships with a corporate partner and collective investments schemes which hold residential property.

30th March 2026

Spring Statement 2026: What Businesses Should Expect on 3 March

The Spring Statement will be delivered in Parliament on 3 March, giving an update on the state of the UK economy and the government’s financial outlook.
Unlike the Autumn Budget, the Spring Statement is unlikely to be used for big tax decisions. For businesses it is a useful event as it may set the tone for the months ahead and could give early clues about future tax and spending pressures.

27th February 2026

DPC Accountants Respond to Chancellor Rachel Reeves’ First Budget

On the 26th of November, The Chancellor Rachel Reeves announced her Autumn Budget 2025. Read or listen to our Tax Director, Esther Hancock’s take.

27th November 2025

Budget Speculation: Are Tax Rises Looming?

The Chancellor, Rachel Reeves, gave a surprise ‘pre-Budget’ speech last week that appeared to pave the way for tax rises in the Budget on 26 November 2025.

11th November 2025

Making Tax Digital (MTD) – Changes coming for Income Tax Reporting

Making Tax Digital for Income Tax is a new way for sole traders and landlords to report their income and expenses to HMRC.
From 6 April 2026, some sole traders and landlords must use it, based on their total annual income from self-employment and property.

27th June 2025

Spring Statement: How is your business affected?

The Chancellor of the Exchequer, Rachel Reeves, delivered her Spring Statement last week in which she outlined the government’s economic plans, including spending decisions, tax policies and efforts to boost growth while managing public finances. The Statement came on the back of the latest forecasts prepared by the Office for Budget Responsibility (OBR).

31st March 2025

Making Tax Digital for Income Tax regime extended to smaller businesses

The Spring Statement announced that Making Tax Digital for Income Tax (MTD for IT) regime will be further extended to smaller businesses. Making Tax Digital for Income Tax (MTD for IT) is a government initiative that requires self-employed individuals and landlords with income over a certain limit to keep digital records and submit quarterly tax updates to HM Revenue and Customs (HMRC) using compatible software.

31st March 2025

Higher tax threshold for side hustles: What could it mean for you?

Last week, the tax minister responsible for HM Revenue and Customs (HMRC), James Murray, delivered a speech marking the 20th anniversary of HMRC. Previously, the UK’s tax authority was known as Inland Revenue. During the speech he highlighted some simplifications that are planned. Of particular interest was the announcement of plans to increase the Income Tax Self Assessment (ITSA) reporting threshold for gross income from £1,000 to £3,000.

17th March 2025

Category: Income Tax

How to make sure your personal finances stay on track

VAT Returns: Bumper month in April and AI providing misleading advice

Don’t get caught out by ATED – what you need to know

Spring Statement 2026: What Businesses Should Expect on 3 March

DPC Accountants Respond to Chancellor Rachel Reeves’ First Budget

Budget Speculation: Are Tax Rises Looming?

Making Tax Digital (MTD) – Changes coming for Income Tax Reporting

Spring Statement: How is your business affected?

Making Tax Digital for Income Tax regime extended to smaller businesses

Higher tax threshold for side hustles: What could it mean for you?

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Category: Income Tax

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