If your 2025 tax liabilty was over £1,000 and your earnings for 2026 are expected to be similar as 2025, then HMRC expect you to make an account payment towards your 2026 tax liability.
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.
If are a non tax payer earning below £12,570 you can earn up to £5,000 tax free of interest. If you are a basic rate tax payer earning over £12,570 up to £50,000 you can earn up to £1,000 of interest tax free.
From November 2025 Companies house legally have to check the ID for every Director. This is already introduced for new companies but will be required for all existing companies when the annual confirmation statement is filed with Companies house.
From Autumn 2025 Companies house legally have to check the ID for every Director. This is already being introduced for new companies but will now be required for all existing companies when the annual confirmation statement is filed with Companies house.
Your free 25/26 tax card is here to download and review/