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Corporation tax, dividend tax and director's loans all changed for 2026/27 — and if your company's profits sit between £50,000 and £250,000, you're paying an effective rate of 26.5% whether you realise it or not. This complete guide covers corporation tax rates and marginal relief, the best way to pay yourself as a director, allowable expenses, benefits in kind, company cars, pensions, capital allowances, R&D relief, VAT, IR35, closing a company and every key 2026/27 deadline. Whether you're weighing up salary versus dividends or simply want to know what's changed since last year, this is your one-stop reference. Read the full guide, then get in touch with Cannon Accountants if you'd like your own figures checked against it.
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The routine services you would expect us to provide are listed below but it’s the important ongoing professional advice that really helps our clients.
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Let’s discuss the tax-related advantages of offering electric vehicles (EVs) on company car schemes and how to reduce benefit in kind liability. The ZEV mandate and associated incentives are accelerating the transition to cleaner transportation, benefiting both businesses and the environment.
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In an unexpected decision, the official rate of interest (ORI) applicable to advantageous loan agreements such as director’s loans will remain at 2.25% for a consecutive second year. The HMRC has announced that there will be no increase in the ORI for outstanding director’s loans during the 2024/25 tax year, maintaining the rate at 2.25% despite the base interest rate being 5.25%.
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Let's discuss the impact of the triple lock pension guarantee on the state pension, which has increased to £11,502.40. With the allowance freeze until 2028, an estimated 1.6 million retirees may face tax liabilities. The following tips should give you a clear idea how to grow your pension in the tax efficient way.
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Taxpayers have less than a week to take advantage of their tax-free allowances before the conclusion of this fiscal year. Understanding these allowances and making informed choices can minimize your tax liability and significantly impact your financial well-being!
We are experienced certified accountants in Kent that are committed to helping small businesses achieve growth.
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