Latest business update from The Chartwell Practice

April update

Hi all, welcome to our April Chartwell update. Spring definitely feels as though it has arrived with some recent bright sunny days, and the clocks changing to British Summer time here in the UK providing us with lighter evenings.

We are also approaching the turn of a different sort of season as the 5th April will be the end of the tax year. There is a lot going on in the world of tax and accounting compliance with some planned changes happening soon. This includes preparing for Making Tax Digital (MTD) for Income Tax (please see our article below), and some important changes are also coming from Companies House, making verification of identity mandatory for individuals from autumn 2025.

Regarding MTD, our Chartered Accountant professional body (the Institute for Chartered Accountants in England and Wales) has produced a short YouTube video that we have linked here, which sums up some basic information about the changes that are soon to be mandated.

It is worth mentioning that throughout these changes we can provide support and advice as always for our clients. Please let us know how we can help you and if you have any specific queries please get in touch!

Anna x

The directors, and all at Team Chartwell

Video - MTD for Income Tax

Getting ready for MTD for Income Tax

HM Revenue & Customs’ Making Tax Digital initiative has been gradually evolving for several years now. But did you know that it will soon be mandatory for landlords and small businesses that pay tax through self-assessment to use HMRC’s digital tax system?

MTD for Income tax

Verifying your identity for Companies House

Some changes are also coming for company directors - who will need to verify their identity for Companies House to prove who they are, in order to set up, run, own or control a company in the UK. Click here for information about the new requirements:-

Companies House

The Project Management Triangle: Quickly, Cheaply, or Done Well - Pick Two!

Every project manager has heard the saying: "You can have it done quickly, cheaply, or well - pick two." This timeless concept is known as the Project Management Triangle. At its core, it reflects the delicate balancing act between time, cost, and quality.

Making your business work for you: work/life balance

You started your business to have the freedom of being in charge. But are you actually working harder than ever and drowning in admin, meetings and other demands on your time? Don’t worry, there are ways to get your work/life balance back under control.

Tax update - Spring Statement

In case you missed it here's a link to our tax update following the Chancellor of the Exchequer, Rachel Reeves, delivered the Spring Statement on 26th March 2025.- We’ve summarised the key points and the impact they may have for you and your business.

The Spring Statement

Reminder of the 60 Day Capital Gains Tax reporting

Just a reminder that you must report and pay any Capital Gains Tax due on the sale of UK residential property within 60 days of selling the property if the completion date was on or after 27 October 2021.

Please see our link here for details of your reporting obligations to HMRC and let us know if we can help.

60 Day CGT reporting

Contact us

Get in touch with us here at Chartwell House - If you are a client please look out for any tax or accounting information requests from team Chartwell - if you need clarification or have any questions then you can email info@chartwellpractice.com or phone

01283 741400

Get in touch

Chartwell House, 4 St Paul's Square, Burton on Trent, Staffordshire, DE14 2EF

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