Bradshaw Johnson Chartered Accountants St Neots

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Bradshaw Johnsons is a long-established Accountancy Practice of progressive Chartered Accountants, w

22/10/2026

💷 Are You, or Someone You Know, Missing Out on Pension Credit?

The Department for Work and Pensions has launched a fresh awareness campaign urging pensioners to check whether they're eligible for Pension Credit, which is worth more than £4,500 a year on average.

📊 The numbers:
➡️ Around 1.4 million pensioner households already receive Pension Credit
➡️ Last year's campaign led to 33,500 additional applications
➡️ Independent Age estimates that over 1 million eligible pensioners missed out in 2023/24, a combined £2.5 billion in unclaimed support

📬 As part of the campaign, 660,000 leaflets are being posted to households in areas with high numbers of low-income pensioners, including Glasgow, Powys, Stockton-on-Tees, inland Cornwall, Birmingham, East Suffolk and Manchester.

🏠 Common myths: Many people believe that owning a home or having savings rules them out, but that's not necessarily the case.

💡 Pension Credit can also unlock other support, so it's well worth checking.

👨‍👩‍👧 Have elderly parents or relatives? Now is a great time to check their eligibility together or help with an application. Charities such as Independent Age and Citizens Advice can also offer extra help.

💬 Want to talk about supporting an elderly relative? Get in touch with our team, we're happy to help.

📞 0800 026 0854 | 🌐 www.bjca.co.uk

21/10/2026

❄️ Did You Receive a Winter Fuel Payment Last Winter? You May Need to Repay It

If you received a Winter Fuel Payment or Pension Age Winter Heating Payment last winter, it's worth checking whether you need to pay it back.

💷 Was your income over £35,000 in 2025/26? If so, you'll need to repay the payment.

What do you need to do?

✅ Only pay tax through PAYE (for example, on a private pension)? The payment is already being collected through your tax code, so you don't need to do anything.

✅ In Self Assessment? You'll need to include the payment in your 2025/26 tax return.

💬 Not sure whether this applies to you, or how to report it on your return? Get in touch with our team, we're happy to help.

📞 0800 026 0854 | 🌐 www.bjca.co.uk

20/10/2026

📬 Medical Professionals: Have You Received a Letter from HMRC About Consultancy Income?

HMRC is writing to individuals it believes may have failed to declare consultancy income from private healthcare providers on their Self Assessment tax returns. The letters follow information received from private healthcare providers and form part of an HMRC campaign targeting the medical sector.

What does the letter say?

The letter asks you to check your tax returns and make sure all consultancy income has been included. HMRC stresses this is not a compliance check at this stage, but warns that failing to act could lead to one, and potentially higher penalties if errors are found later.

⏰ You have 30 days from the date of the letter to respond.

What are your options?
✅ Return still within the normal amendment period? It can be amended.
✅ Amendment deadline passed? You can make a voluntary disclosure to HMRC.
✅ Believe you have no consultancy income to disclose? You should still contact HMRC within the 30 days.

⚠️ If you don't respond, HMRC says it will continue to monitor your records and may make a decision based on the information it holds.

How could this affect penalties?

A disclosure made after you've received the letter will generally be treated as "prompted", which can affect the penalty reduction available. However, penalties can still be reduced if you provide full details of any mistakes, disclose them promptly and take steps to put things right.

💬 Think you may be affected? We can help you review your tax returns, identify any undeclared consultancy income and deal with HMRC on your behalf. Get in touch with our team to find out what to do next.

📞 0800 026 0854 | 🌐 www.bjca.co.uk

19/10/2026

The second quarterly update deadline for Making Tax Digital is approaching. ⏰

If you’re a sole trader or landlord with a combined turnover of over £50,000, you need to send your second quarterly update by 7 November.

Need help? Contact us for support:

📞 0800 026 0854 | 🌐 www.bjca.co.uk

16/10/2026

🏢 Selling a business asset? Here's how a company is taxed on the gain.

Limited companies pay Corporation Tax — not Capital Gains Tax — on chargeable gains when they dispose of assets. The gain is added to the company's total profits.

The basics:
✅ The gain is broadly the sale proceeds less what the company paid
✅ Costs such as legal fees and Stamp Duty can be deducted
✅ For assets owned before December 2017, indexation allowance can still reduce the gain — but it's frozen at December 2017, so there's no allowance for inflation since
✅ Capital losses can only be set against chargeable gains — not trading income or other profits

Planning a sale? Speak to us before you sign.

📞 0800 026 0854 | 🌐 www.bjca.co.uk

15/10/2026

📋 Run an employee share scheme? Don't miss the annual return.

Employers with a registered share scheme must file an employment related securities (ERS) return with HMRC each year by 6 July after the tax year ends. That includes a nil return if there was nothing to report.

The late filing penalties:
❌ £100 automatic penalty if the return isn't filed by 6 July
❌ A further £300 if it's still outstanding 3 months after the deadline
❌ Another £300 at 6 months
❌ Daily penalties of £10 may apply if it's still outstanding 9 months after the deadline

The 2025/26 deadline was 6 July 2026. If you've missed it, it's worth getting the return filed as soon as you can.

Need a hand with share scheme reporting? Get in touch.

📞 0800 026 0854 | 🌐 www.bjca.co.uk

14/10/2026

Whether you're starting a new business, taking over an existing organisation, or growing a long-running venture, Bradshaw Johnson Chartered Accountants are here to support you.

With a long history working alongside the business community, we offer advice across all key areas of running a successful business:

🎯 Long-term objectives & exit plans — Understanding your personal and business goals helps us advise on the right strategy to get you there.

📊 Management information — Stay on top of your financial position with up-to-date management accounts, trends and forecasts — so you spot issues before they become costly mistakes.

📒 Bookkeeping — Accurate, year-round financial information is essential for good decision-making. We'll help you find the most efficient method for your business, with access anytime, anywhere.

📈 Profitability — From pricing strategy to cashflow and credit control, we'll help you find practical ways to improve business performance.

🚀 Growth & investment — Thinking of expanding or investing? We'll help you understand the financial impact before you commit.

🏦 Finance — Need a loan? We can prepare the figures and forecasts that give lenders the confidence to say yes.

💬 Want to find out more about our business advice services? Get in touch with our team today — we'd love to help your business thrive.

📞 0800 026 0854 | 🌐 www.bjca.co.uk

13/10/2026

⏳ Just 6 Months to Go: Are You Ready for Making Tax Digital?

If you're a sole trader or landlord with turnover above £30,000, big changes are on the horizon — Making Tax Digital for Income Tax (MTD ITSA) is coming, and the countdown has begun.

Unsure what this means for you? You're not alone — here's a quick overview:

✅ You'll need to keep digital records of your income and expenses
✅ You'll be required to submit quarterly updates to HMRC, rather than one annual tax return
✅ You'll need MTD-compatible software to manage this

With just 6 months left to prepare, now is the time to get your systems and processes in place — leaving it until the last minute could mean unnecessary stress (and potential penalties).

💬 Not sure where to start, or whether this applies to you? Get in touch with our team — we can help you understand your obligations, choose the right software, and get everything set up well ahead of the deadline.

Contact us today — let's make sure you're ready.
📞0800 026 0854 | 🌐 www.bjca.co.uk

11/10/2026

🏦 Could voluntary National Insurance be reformed? The government has been asking.

Voluntary NICs let people fill gaps in their National Insurance record to build State Pension entitlement. A call for evidence on how the system works in practice, how fair it is and how it interacts with National Insurance credits closed on 15 September 2026. It's one to watch.

Some changes have already happened from 6 April 2026:
✅ Voluntary Class 2 NICs can no longer generally be paid for periods abroad
✅ New applicants for voluntary Class 3 NICs for periods abroad generally need either 10 continuous years of UK residence or 10 qualifying years on their NI record
✅ Existing Class 3 payers can carry on without reapplying

Got gaps in your record or living abroad? Talk to us before you pay.

📞 0800 026 0854 | 🌐 www.bjca.co.uk

09/10/2026

📬 Received a Letter from HMRC? Here's What You Need to Know About Simple Assessments

HMRC has started sending out Simple Assessment letters (PA302) for the 2025–26 tax year, with a further batch expected between October and December 2026.

What is a Simple Assessment?

It's used when HMRC can't collect tax owed through PAYE or Self Assessment. Common reasons you might receive one include:
💰 Tax due on pension income
💰 Savings interest or dividends
💰 A second source of untaxed income
💰 Receiving more tax-free allowance than you were entitled to
💰 Amounts owed that can't be collected through your tax code (typically £3,000+)

Key dates:
📅 Letters to working-age taxpayers began 30 June 2026
📅 Letters to pensioners began 12 August 2026
📅 A further batch relating to bank/building society interest is due October–December 2026

⚠️ In some cases, you may receive more than one letter for the same tax year.

When do you need to pay?
✅ Letter received before 31 October 2026 → payment due by 31 January 2027
✅ Letter received on or after 31 October 2026 → payment due within 3 months of the letter date

You can pay in full or by instalments.

HMRC expects to issue around 1.8 million of these letters this year.

What should you do if you get one?

Check the calculation carefully against your own records. If you think something's incorrect, or believe the assessment shouldn't apply to you, it's important to contact HMRC.

💬 Received a Simple Assessment letter and not sure what it means or what to do next? Get in touch with our team — we can review the assessment and help you understand exactly what action to take.

📞 0800 026 0854 | 🌐 bjca.co.uk

Address

Yew Tree House, The Shrubbery, Church Street
St Neots
PE192BU

Telephone

+448000260854

Website

http://www.bjca.co.uk/

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