Small companies were going to be obligated to file their profit and loss account at Companies House as part of their statutory accounts filing from April 2027.
Companies House has announced that this requirement is now under review, following stakeholder concerns about the need to “strike the right balance between tackling economic crime and avoiding undue burden on business.”
A final decision on the reforms will be announced soon, but companies will now receive at least 21 months’ notice to prepare for the implementation of the new proposals.
Companies House now sending Confirmation Statement filing reminders one month in advance
Confirmation Statements cannot be filed at Companies House in advance of their filing date.
However, Companies House is now sending reminders one month in advance of the filing date which can give the impression that the return is overdue. This is not necessarily the case as they are simply a prompt to file in time.
First stage of Making Tax Digital for Income Tax starts from April 2026
Self-employed persons and landlords with annual income of over £50,000 are required to register for MTD and maintain records digitally and make quarterly filings to HMRC from 6 April 2026.
As the detailed HMRC requirements and regulations have recently been finalised, we will shortly be contacting our clients with advice and a range of service offerings tailored to their specific needs.
National Minimum Wages increases from April 2026
This is a reminder that employees will need to be paid the following minimum hourly rates from 1 April 2026.
| 21 and over | 18 to 20 | Under 18 | Apprentice | |
| April 2026 | £12.71 | £10.85 | £8.00 | £8.00 |
Apprentices
Apprentices are entitled to the apprentice rate if they’re either:
- aged under 19
- aged 19 or over and in the first year of their apprenticeship
Pay 31 January 2026 tax payments by 28 February 2026 to avoid a 5% surcharge
HMRC charge interest on overdue tax payments but also charge a 5% surcharge on personal tax liabilities that are more than 30 days overdue.
This means that payments that were due on 31 January 2026 that are not paid by the end of this month will be subject to an additional 5% charge.
Liabilities agreed under HMRC Time to Pay arrangements are exempt from this surcharge.
