Andrew S Parker Chartered Accountants

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Andrew S Parker Chartered Accountants

Andrew S Parker is a well established, trusted and experienced firm of Chartered Accountants based in Bradford, West Yorkshire.

We work with businesses and individuals mainly in West and North Yorkshire and across the UK.

15/07/2026

💼 Self-employed? Make sure you're claiming the business expenses you're entitled to.

Allowable expenses can reduce your taxable profit and help lower your Income Tax bill. These may include office costs, travel, business insurance, marketing, staff costs and, if you work from home, a proportion of your household bills.

Remember:
✔️ Only claim the business element of mixed-use expenses.
✔️ If you claim the £1,000 trading allowance, you can't also claim business expenses.
✔️ Good record-keeping helps you maximise your tax relief and makes completing your tax return much easier.

Need advice? We're here to help.

06/07/2026

July Tax Diary...

1st July 2026 – Due date for corporation tax due for the year ended 30th September 2025.

6th July 2026 – Complete and submit forms P11D return of benefits and expenses and P11D(b) return of Class 1A NICs for 2025-26.

19th July 2026 – Pay Class 1A NICs for 2025-26 (by the 22nd July 2026 if paid electronically).

19th July 2026 – PAYE and NIC deductions due for month ended 5th July 2026. (If you pay your tax electronically the due date is 22 July 2026).

19th July 2026 – Filing deadline for the CIS300 monthly return for the month ended 5th July 2026.

19th July 2026 – CIS tax deducted for the month ended 5th July 2026 is payable by today.

29/06/2026

Employee travel expenses...

Employers generally do not need to report reimbursed business travel and subsistence expenses where an HMRC exemption applies.

This includes qualifying costs such as:
• Business travel
• Meals while travelling
• Parking, tolls and congestion charges
• Business phone calls

HMRC benchmark scale rates can be used instead of reimbursing actual costs, or employers can apply for an approved bespoke rate.

If employees are reimbursed more than the actual cost of business travel, the excess must be treated as earnings and is subject to PAYE and National Insurance.

It's also worth remembering that travel between home and a permanent workplace is usually not tax-deductible, although some travel exemptions do apply.

If you're unsure how these rules affect your business, seeking professional advice can help ensure you're meeting your reporting obligations.

21/06/2026

Celebrating dads, grandads and father figures everywhere!
Happy Fathers Day 💙

05/06/2026

June Tax Diary...

1st June 2026 – Due date for corporation tax due for the year ended 31st August 2025.

19th June 2026 – PAYE and NIC deductions due for month ended 5th June 2026. (If you pay your tax electronically the due date is 22nd June 2026).

19th June 2026 – Filing deadline for the CIS300 monthly return for the month ended 5th June 2026.

19th June 2026 – CIS tax deducted for the month ended 5th June 2026 is payable by today.

25/05/2026

What a Bank Holiday weekend it’s been!☀️
We hope everyone’s had the chance to relax, recharge and enjoy the heatwave! 😎

18/05/2026

Tax & Termination Payments...

Understanding the tax treatment of termination payments is essential for both employers and employees.

While the first £30,000 of qualifying termination payments is usually tax-free, not all payments qualify. Payments such as PILONs, gardening leave and PENP remain fully taxable and subject to National Insurance.

There are still valuable exemptions available, including employer pension contributions, certain legal fees, and some payments linked to injury or ill health.

Careful structuring of termination packages can make a significant difference to the overall tax position.

08/05/2026

💍 Could you and your partner save on tax with the Marriage Allowance?

If one partner earns below the Personal Allowance (£12,570 for 2026–27) and the other is a basic rate taxpayer, you may be able to transfer £1,260 of unused allowance and reduce your household tax bill by up to £252 per year.

✅ Available to married couples and civil partners.
✅ Claims can be backdated to 6 April 2022.
✅ Continues automatically unless your circumstances change.

For many couples, it’s a simple way to make your tax allowances work harder.

01/05/2026

May Tax Diary...

1st May 2026 – Due date for corporation tax due for the year ended 30th July 2025.

19th May 2026 – PAYE and NIC deductions due for month ended 5th May 2026. (If you pay your tax electronically the due date is 22nd May 2026).

19th May 2026 – Filing deadline for the CIS300 monthly return for the month ended 5th May 2026.

19th May 2026 – CIS tax deducted for the month ended 5th May 2026 is payable by today.

31st May 2026 – Ensure all employees have been given their P60s for the 2025/26 tax year.

27/04/2026

Interest Rate Outlook For 2026...

UK interest rates in 2026 are expected to remain relatively stable, with the possibility of small reductions if inflation continues to ease. However, rates are still higher than many businesses have been used to in recent years, meaning borrowing costs will likely stay elevated for now.

With the Bank of England taking a cautious approach to balancing inflation and economic growth, sharp rate cuts seem unlikely in the short term. Businesses should plan accordingly - reviewing cash flow forecasts, assessing financing options, and considering the benefits of fixed vs variable rate borrowing.

Higher rates don’t just impact loans - they also influence investment decisions, working capital, and business valuations. Regular financial reviews and forward planning are key to navigating ongoing uncertainty and staying aligned with long-term goals.

Address

16 Foundry Cl, Halton
Lancaster
LA26FE

Website

http://www.asparker.co.uk/

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