Merranti Ltd

🚨 Think Your Tax Bill Won’t Change? Here’s Why It Might Go Up in 2025/26!

The Chancellor says no big tax changes — but your tax bill could still increase.

Why?
👉 Tax-free allowances like £12,570 personal allowance and the £50,270 higher rate threshold have been frozen since 2021 — and inflation is pushing more income into higher tax bands.

👉 The dividend allowance has shrunk to just £500
👉 Savings interest is up, but so is the tax on it

💡 Example:
If you earn £112,000 a year, you’ll lose £6,000 of your personal allowance — and face an extra 60% tax rate on part of your income.

If you’re earning savings interest, you could pay tax on it sooner than you think.

✅ Business owners
✅ Professionals earning £100k+
✅ Families claiming child benefit
✅ Savers with interest above £1,000

📞 Don’t let quiet tax changes cost you more. Talk to Merranti Accounting today to protect your income and reduce your tax bill.

🔗 MerrantiAccounting.com

🚨 New VAT Penalties Are Coming – Are You Ready to Pay More?

From April 2025, HMRC will start charging much higher penalties and interest on late VAT payments.

👉 What’s changing?
• 30+ days late = 6% penalty + 10% annual charge
• Interest on late VAT will rise to 4% above base rate (could be over 9%!)

👉 VAT thresholds aren’t changing — but frozen limits mean more small businesses are getting dragged into VAT.

💡 If you:
✔️ Have cash flow problems
✔️ Wait for customer payments before paying VAT
✔️ Work on long projects or irregular invoices

You need to tighten your VAT process now — or risk expensive penalties.

✅ What to do:
• Set up VAT direct debits
• Forecast cash flow carefully
• File on time — no excuses!
• Ask Merranti about VAT health checks or whether you could de-register

📞 Don’t let VAT penalties eat your profits.
Talk to Merranti Accounting to protect your business before the new rules hit.

🔗 MerrantiAccounting.com