Whether it’s a change in the law or the latest news from HMRC, you can use this section of the website to keep in the know on all accountancy-related matters that could have an impact on you and your business. Phillips Frith LLP takes every care in preparing material for this page to ensure that the content is accurate and up to date. However, no responsibility can be accepted for loss occasioned to any person acting or refraining from acting as a result of the material contained on it.
Following months of rumour and uncertainty, Chancellor Rachel Reeves delivered her second budget on 26th November 2025. Autumn Budget 2025 – download.pdf Despite Ms Reeves’ commitment not to increase the tax burden on working people, several complex stealth and wealth…
Companies House have announced that they are increasing their filing fees from 1st February 2026. This means that for all Companies, the annual confirmation statement filing fee will increase from £34 to £50. This comes shortly after the increase from…
Making Tax Digital for Income Tax (MTD for IT) is a quarterly reporting system to be introduced by HM Revenue and Customs with effect from 1st April 2026. Implementation will at this stage be for sole traders and those receiving…
Companies House have introduced a mandate that requires all company directors or the equivalent of company directors (includes LLP members) to verify their identity directly with Companies House. From 18th November 2025, it will not be possible to file a…