Now we are in the middle of tax year 18/19, it is a good time to remind you of the major tax changes for this year affecting all our clients. The tax free allowance for everyone has increased from £11,500 to £11,850. The tax free dividend allowance has reduced from £5,000 to £2,000. The self employed Nation Insurance threshold has risen from £6025 to £6205, with weekly contributions rising from £2.85 to £2.95. Finally the Capital Gains Tax Allowance has increased from £11,300 to £11,700.
The latest news from PMC Partnership incorporating Pomfreys Accountants – 6th January 2026
Remember to avoid an HMRC penalty you must have filed and paid your personal 2025 tax return and tax liability by 31st January 2026. You should also pay, to avoid extra interest, the first payment on account towards your 2026 tax liability.