November - January Updates
Welcome to the winter updates. While many are planning for Christmas and the many celebrations
around the festivities, we will be available in the office advising of any annual leave as it is booked.
Last quarter we had many celebrations:
September:
Our Director Elizabeth presented to Starla Business Network for Women all about accounts for small
businesses.
We celebrated Gareth passing his probation, 6 months has flown by
October was quite eventful:
– We celebrated Fariya’s 2nd anniversary with us with some wonderful homemade curry & rice for
lunch.
– As a team we went to Cardiff for a session from the ICAEW on the new updates coming from
Companies House for Limited Company Directors, HMRC for small business accounts and MTD for Income Tax. It was a really informative day and was great to meet other local accountants too.
– Our Director Elizabeth took on the mammoth challenge for Breast Cancer Now to Walk 100 miles across the month (lots of pink was worn) all to raise funds and awareness. The final tally walked was 5 marathons + 2.9 miles (133.9 miles) and the fundraising page is open until the end of November via the link https://www.justgiving.com/fundraising/elizabeth1758817485730
– The Starla Event in October was a bit different and was a fashion show to raise funds and awareness for Nai Wales. Our Director Elizabeth took part in the fashion show itself.
Due to the up coming deadline to complete the 2024-25 Self-Assessment please be advised that there is currently a 4 week lead time on completing accounts & self-assessments.
General Information
Companies House have now set a deadline to have your identity verified – this is 18 November 2025.
This applies to all Directors, PSC’s registered on Companies House.
Please do not ignore the letters / emails from Companies House, if in doubt please do get in touch.
Points to note:
> This process takes a few minutes
> There is no charge to complete it
> IT MUST BE DONE by the deadline
> The ID Verification number will be sent to you only. Please pass this onto your accountant if they are filing company accounts / confirmation statements for the company.
Self Assessments
From April 2026 HMRC are introducing quarterly submissions for self-employed and landlords whose combined income is over the thresholds below. This is called Making Tax Digital for Income Tax (MTD-IT). Currently Partnerships are not included in MTD-IT, PAYE income is not included in MTD-IT
Emails have been sent out advising when or if you will need to register for this
Who will this affect?
> For 2026-27 self-employed income and or rental income over £50,000
> For 2027-28 self-employed income and or rental income over £30,000
> For 2028-29 self-employed income and or rental income over £20,000
What does HMRC require?
> Quarterly Submissions for self-employment and or rental income
> These FIXED quarters will be Apr – Jun, Jul – Sep, Oct – Dec, Jan – Mar.
> The FIXED submission deadlines are 07 Aug, 07 Nov, 07 Feb, 07 May.
> This should help you save for any self-assessment tax due
> In addition, you will need to submit a full self-assessment.
What will this look like?
> Capium software for MTD-IT will be launched in a few months.
> We will contact those affected from April 2026 first with the new requirements and prices
We have identified a number of clients who no longer need a self-assessment completed. We will be contacting you individually in May 2025 regarding the next steps.
Events and Dates for your diary
Events and Dates for your diary:
November
7th November 2025 Starla Business Network for Women, Mercure Newport Hotel and guest speaker Charlotte Fagergard from Robertson IP talking about trademarking.
December
12th December 2025 Starla Business Network for Women, Mercure Newport Hotel Christmas event
22nd December 2025 2 week office closure. We will return on Monday 5 January 2026
January
5th January 2026 We return from our Christmas break
31st January 2026 HMRC deadline to submit your self-assessment and pay any tax due.
Have a wonderful Quarter and enjoy the brighter weather.
Elizabeth C Stanley FMAAT