HMRC Archives - RiverView Portfolio

Office desk with tax documents, alarm clock and hourglass representing Corporation Tax late-filing deadlines and penalties

06 Sep 26

Corporation Tax Late-Filing Penalties Have Doubled

Joe Palmer

Corporation Tax & compliance Corporation Tax Late-Filing Penalties Have Doubled: What Limited Companies Need to Know. Filing a Company Tax Return late has become considerably more expensive. The fixed Corporation Tax late-filing penalties doubled from 1 April 2026, and HMRC has now resumed issuing automatic penalty notices after completing an…

Office desk with calendar, calculator and business paperwork representing the 2026 P11D deadline for employer expenses and benefits.

20 May 26

P11D Deadline 2026: What Employers Need to Report by 6 July

Joe Palmer

Employer Tax Compliance P11D Deadline 2026: What Employers Need to Report by 6 July Employers who provide taxable benefits or reimbursed expenses to employees and directors must check whether they need to submit P11D and P11D(b) forms by 6 July 2026. Quick answer: what is the P11D deadline for 2026?…

Gov UK website, on the Companies House Page

01 Aug 25

ECCTA Implementation Timeline: What Businesses Must Know

Joe Palmer

ECCTA Implementation Timeline: What Businesses Must Know August 6th 2025 Important Update: Identity Verification for Directors and PSCs From 18th November 2025, all company directors and people with significant control (PSCs) will be legally required to verify their identity with Companies House. This change is part of the Economic Crime and…

luxury high taxpayer woman in black heels getting out of black luxury car in front of private jet and red / grey carpet.

29 May 25

Wealthy Individuals Under the Spotlight: HMRC Doubles Down on Tax Compliance

Joe Palmer

Wealthy Individuals Under the Spotlight: HMRC Doubles Down on Tax Compliance HMRC has significantly increased its efforts to recover tax from the UK’s wealthiest individuals, but a recent report suggests there’s still a long way to go in closing the wealth-related tax gap. Over the past five years, HMRC has…

14 Jun 24

High Earner Tax Returns | Self Assessment

Joe Palmer

High Earner Tax Returns | Self Assessment A common question we receive is: Why do I need to file a tax return if all my income is taxed at source? Previous Requirements In past years, individuals with a gross income over £100,000 had to file a tax return, even if…

07 May 24

Update on Changes to the Construction Industry Scheme (CIS) Gross Payment Status

Jade Farthing

Update on Changes to the Construction Industry Scheme (CIS) Gross Payment Status. Changes have been made in regards to contractors operating within the Construction Industry Scheme (CIS) under the gross payment status. These changes have come into effect from 6th April in relation to both businesses already operating under the…

28 Mar 24

The Basis Period Reform

Jade Farthing

The basis period reform was announced as part of the Autumn Budget in 2021. This change will affect you if you are self-employed, part of a partnership or and LLP that currently don’t prepare their taxes in line with the traditional tax year of April to April. The purpose of…

12 Mar 24

5th April – So what?

Jade Farthing

5th April – so what? The 5th April marks the end of the tax year in the UK, but why is that important? The day marks the last day for you to have done anything to affect your tax position for that year, with the next day being the first…

07 Mar 24

When is a Dividend a Dividend?

Jade Farthing

When is a dividend a dividend? For lots of SME business owners, dividends will make up a significant part of their total personal income. #Dividends will often be used alongside a salary payment from your company. Dividends offer some tax benefits compared to taking all of your remuneration by way…

29 Feb 24

Get ready for changes to UK company law

Jade Farthing

Get ready for changes to UK Company Law. UK Company Law is changing from today, 4th March 2024. We know companies, intermediaries and other stakeholders want to make sure they’re ready for the changes, so that they can take action at the right time. Anyone thinking about incorporating a company…