Keith Witchell

Cash ISA allowance will be reduced from £20k to £12k from April 2027

Keith Witchell

November 26, 2025|In KRW Tax news|By Keith Witchell

In a bid to encourage more people to save into stocks and shares, the current £20k per annum allowance for investing in ISA will be restricted to £12k per annum for investment into a cash ISA, in the hope that more people will then invest into stocks and shares ISAs to utilise the remainder of their £20k ISA allowance. This change won’t apply to those aged over 65.

For more information, please contact me.

Keith Witchell

Director

kwitchell@krwaccountants.co.uk

by Keith Witchell

Mansion tax for homes worth over £2M from April 2028

Keith Witchell

November 26, 2025|In KRW Tax news|By Keith Witchell

As expected, a new High Value Council Tax Surcharge was announced which will kick in from April 2028 and apply to homes worth over £2m. This will see an annual surcharge of £2,500 for homes worth over £2m rising to an annual £7,500 surcharge for homes worth over £5m, from that date.

For more information, please contact me.

Keith Witchell

Director

kwitchell@krwaccountants.co.uk

by Keith Witchell

100% CGT relief for shares sold to employee ownership trust halved

Keith Witchell

November 26, 2025|In KRW Tax news|By Keith Witchell

Under current rules, if you sell more than 51% ownership of your business to an Employee Ownership Trust then there is a 100% relief, and no Capital Gains Tax has to be paid on the sale. However, it was today announced that the 100% relief will reduce to a 50% relief from today.

For more information, please contact me.

Keith Witchell

Director

kwitchell@krwaccountants.co.uk

by Keith Witchell

Permanent rates reduction for hospitality, retail and leisure

Keith Witchell

November 26, 2025|In KRW Tax news|By Keith Witchell

Two new, lower, multipliers will be introduced for these sectors from April 2026, in a bid to permanently reduce business rates for affected businesses. These rates will be 5p lower than the national multipliers. This will be funded, in part, by a new high-value rates multiplier for commercial buildings worth over £500k, which will be 2.8p higher than standard national multipliers.

For more information, please contact me.

Keith Witchell

Director

kwitchell@krwaccountants.co.uk

by Keith Witchell

NIC to apply to salary sacrifice pension arrangements from April 2029

Keith Witchell

November 26, 2025|In KRW Tax news|By Keith Witchell

As widely anticipated in the lead up the Budget, it was today announced that NIC will apply to pension contributions from April 2029, but only insofar as there will no longer be an NIC saving for employees and employers that sacrifice more than £2k pa of their salary to pay into a pension. We’ll be dissecting the detail on this further to see if lump sum contributions by Directors will be affected..

For more information, please contact me.

Keith Witchell

Director

kwitchell@krwaccountants.co.uk

by Keith Witchell

Mileage based electric/hybrid vehicle excise duty from April 2028

Keith Witchell

November 26, 2025|In KRW Tax news|By Keith Witchell

It was today announced that the government are introducing a new Electric Vehicle Excise Duty (eVED) from April 2028 which will impose a charge of 3p per mile. There will also be a similar charge for plug-in-hybrid vehicles of 1.5p per mile introduced on the same date. This will be in addition to the annual fixed rate road tax (VED) to attempt to bring some parity to those paying fuel duty.

For more information, please contact me.

Keith Witchell

Director

kwitchell@krwaccountants.co.uk

by Keith Witchell

100% first year allowance for new electric cars extended to March 2027

Keith Witchell

November 26, 2025|In KRW Tax news|By Keith Witchell

The Budget documents confirm that the current 100% capital allowance that applies to the purchase of new electric vehicles and charge points will be extended for a further year until 31 March 2027. Even with the new mileage based road tax that was announced today, electric cars remain a great tax efficient perk for limited company Directors.

For more information, please contact me.

Keith Witchell

Director

kwitchell@krwaccountants.co.uk

by Keith Witchell

New first-year allowance of 40% for main rate assets from January 2026

Keith Witchell

November 26, 2025|In KRW Tax news|By Keith Witchell

It was also announced today that the government will introduce a new 40% first-year allowance for the purchase of main rate assets, to encourage investment, although this does not include the purchase of cars or second-hand assets.

For more information, please contact me.

Keith Witchell

Director

kwitchell@krwaccountants.co.uk

by Keith Witchell

Main rate writing down allowance reduced from 18% to 14%

Keith Witchell

November 26, 2025|In KRW Tax news|By Keith Witchell

Currently, assets which are not eligible for the Annual Investment Allowance or First Year Allowances, including hybrid cars, and second-hand electric cars, are subject to the main rate writing down allowance of 18% per annum. It was announced today that this will be reduced to 14% per annum from April 2026.

For more information, please contact me.

Keith Witchell

Director

kwitchell@krwaccountants.co.uk

by Keith Witchell

£1M inheritance tax relief for business/agricultural assets will transfer

Keith Witchell

November 26, 2025|In KRW Tax news|By Keith Witchell

The Labour government announced last year that the current 100% Inheritance Tax relief for shares and other business/agricultural assets will be restricted to £1m from April 2026 and, unlike other Inheritance Tax allowances, it would not transfer between spouses. However, in a welcome announcement, the Chancellor today confirmed that the allowance will transfer between spouses.

For more information, please contact me.

Keith Witchell

Director

kwitchell@krwaccountants.co.uk

by Keith Witchell

  • We use KRW for all our external reporting requirements and payroll. Adrienne in payroll is really great, she's so helpful with any questions or queries I have and she always turns payroll around really quickly and efficiently. A valuable member of the team for sure. We've had a really busy time recently and the wider team at KRW have been brilliant in helping with all our questions

    Robyn Stanton-Charles Avatar Robyn Stanton-Charles
    July 30, 2025

    I have been working with Alex and the team since I launched my business. Being new to running a business and accounts, I found that he and the team are always available to guide me through what is required. They provide an efficient and professional service. This is not an accountancy firm where you can only speak to your client manager. Alex has always been available whenever, I have wanted to speak to him.

    Daxa Patel Avatar Daxa Patel
    August 13, 2022

    I’ve had a great service from KRW for many years now. Very professional and would highly recommend. Thanks to all the team at KRW.

    Matthew Harris Avatar Matthew Harris
    August 13, 2022

  • Brilliant Accountancy firm I have and would recommend to anyone to use, they have hand held when I've needed it, advised on business and accountancy aspects, It doesn't matter who you speak to at KRW the service is always the same. Excellent!

    Sue Turney Avatar Sue Turney
    August 13, 2022

    A very professional, responsive and friendly team who has supported our business for many years now. I would definitely recommend them.

    Alicia Freire Avatar Alicia Freire
    August 13, 2022

    I have worked with KRW for a couple of years. They have worked on my business and personal accounts. Their quality of service is extremely good. They are professional, accurate, and responsive. I highly recommend them for anyone needing accounting and tax support.

    Shane Bohbrink Avatar Shane Bohbrink
    August 13, 2021

  • KRW have been our business and personal accountants for 10+ years and I cannot recommend them highly enough. They have been with us throughout the highs and lows of running our own business, supporting us in a highly professional, expert, friendly way. This work extended to to seeing us through our sale, dealing expertly with (and winning plaudits from) the third biggest publisher in the world, whom we sold to. They continue to expertly look after our personal accounts - Annette is quite simply brilliant at managing this for us, and is just lovely to deal with. Sandra has been amazing on the administration side down the years, and Keith, at the head of it all, has guided us with such canny intelligence and confidence born from knowledge and experience, that we always feel that he, and the team there, have our backs. They have also saved us a lot of money (and stress) down the years with highly effective planning and informed advice and guidance. This really is one brilliant business!

    Rick Jackman Avatar Rick Jackman
    December 13, 2024

    Great service! All the qualities you want in an accountant; knowledgable and professional, whilst also being friendly and easy to deal with.

    Charles Purser Avatar Charles Purser
    August 13, 2022

    We have been with KRW Accountants for over 10 years. We use them for payroll and year end accounts. Rachael in payroll is amazing. If we have any payroll queries she is quick to help. Payroll is always processed quickly and efficiently. Mollie completes our year end accounts and always supports us with any help we need. Thankyou KRW !!!

    Amanda Sales Avatar Amanda Sales
    August 6, 2025

Making Tax Digital is Coming!

Prepare your business for the mandatory digital record-keeping and reporting requirements. All businesses will need MTD-compatible software to submit their tax returns.

GET READY TODAY

000 days 00 hours 00 minutes 00 seconds

Mandatory from April 2026

KRW Accountants
Henge Barn
Pury Hill Business Park
Alderton Road
Towcester
Northamptonshire
NN12 7LS
01327 810373
mail@krwaccountants.co.uk

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Registered with The Chartered Institute of Taxation as a firm of Chartered Tax Advisers
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This privacy policy explains how KRW Accountants Ltd use any personal information we collect about you when you use this website.

We will collect and use information supplied by you and other users of the website to improve your user experience.

What information do we collect about you?

We collect information about you when you register with us or engage our services. We also collect information when you voluntarily complete customer surveys, provide feedback, sign up for our newsletter and participate in competitions. Website usage information is collected using cookies.
Without limitation, any of the following data may be collected and stored by KRW Accountants Ltd:

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Any or all of the above data maybe required from us time to time in order to provide you with the best possible service and experience when you request that KRW Accountants Ltd helps you.

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We collect information about you in order to deliver services to you and carry out anti-money laundering checks. If you agree, we will also email or mail you about other products and services we think may be of interest.

KRW Accountants Ltd will not share your information for marketing purposes with companies outside our company. We will however send you our monthly newsletter via email unless you instrucy us otherwise.

In order to deliver services, we may send your details to, and also use information from credit reference agencies and fraud prevention agencies.

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We would like to send you information about services of ours which may be of interest to you. If you have consented to receive marketing, you may opt out at a later date.

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The data controller of this website is: KRW ACCOUNTANTS LIMITED 06867729

Whose registered office and trading address is: The Mill, Pury Hill Business Park, Alderton Road, Towcester, NN12 7LS

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You have the right to request a copy of the information that we hold about you. If you would like a copy of some or all of your personal information, contact us at the following address:

Alex Beattie
Data Protection Officer

KRW Accountants Ltd
The Mill
Pury Hill Business Park
Alderton Road
Towcester
Northants
NN12 7LS
mail@krwaccountants.co.uk

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You can set your browser not to accept cookies and the above websites tell you how to remove cookies from your browser. However in a few cases some of our website features may not function as a result.

Relevant legislation

Along with our business and internal computer systems, this website is designed to comply with the following national and international legislation with regards to data protection and user privacy:

UK Data Protection Act 1988 (DPA)
EU Data Protection Directive 1995 (DPD)
EU General Data Protection Regulation 2018 (GDPR)

This site’s compliance with the above legislation, all of which are stringent in nature, means that this site is likely compliant with the data protection and user privacy legislation set out by many other countries and territories as well. If you are unsure about whether this site is compliant with your own country of residences’ specific data protection and user privacy legislation you should contact our data protection officer for clarification.

Our Third Party Data Processors

We use a number of third parties to process personal data on our behalf. These third parties have been carefully chosen and all of them comply with the legislation set out above.

Xero – Privacy Policy
Sage – Privacy Policy
DigitallyEngaged Limited – Privacy Policy
HM Revenue & Customs – Privacy Policy
Companies House – Privacy Policy

Our website contains links to other websites. This privacy policy only applies to this website so when you link to other websites you should read their own privacy policies.

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We will report any unlawful data breach of this website’s database or the database(s) of any of our third party data processors to any and all relevant persons and authorities within 72 hours of the breach if it is apparent that personal data stored in an identifiable manner has been stolen.

Changes to our privacy policy

We keep our privacy policy under regular review and we will place any updates on this web page. This privacy policy was last updated on 3 May 2018.

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