Family business bulletin | July 2025
Welcome to the latest edition of our Family Business Bulletin
In this issue, we explore several key developments that could impact your family business — from upcoming legislative changes to practical planning tips. As always, our aim is to help you stay informed and prepared for what’s ahead.
Here’s what we cover:
- Digital filing is on the horizon – From April 2027, Companies House will require company accounts to be filed using software only. We explain what this means and how to prepare.
- Is your family business HR-compliant? – Whether you have two employees or twenty, legal obligations still apply. Our latest HR checklist can help you spot any potential gaps.
- Five in 5 – Our latest roundup looks at lending strategies in a changing interest rate environment and offers insight into upcoming changes to Inheritance Tax.
- Furnished holiday lets – We outline the confirmed tax changes now in effect under the 2025 Finance Act and what they mean for owners.
We hope you find this edition useful. If you’d like to discuss any of the topics in more detail, we’d be happy to help.
Family business diagnostic tool
Access our family business diagnostic tool to discover your top three strengths and weaknesses, with suggested areas of development.
Important dates
31 July 2025
Due date for second payment on account for 2024/25 income tax.
1 August 2025
Penalty of 5% of the tax due or £300, whichever is the greater, charged where the 2023/24 personal tax return has not been filed.
Filing accounts by software only
From 1 April 2027, companies will no longer be able to file their accounts using web or paper versions but instead must use approved commercial software. This change also includes the filing of dormant accounts.
Is your business HR-compliant?
Whether you have five employees or 500, you’re legally required to meet a wide range of obligations under UK employment law. Failing to do so could cost your business dearly.
To help you spot potential gaps, read our quick HR compliance checklist.
Furnished holiday lets: changes to tax regulations
Following the passing of the 2025 Finance Act, we have the final detail on how furnished holiday lettings (FHLs) are being taxed since 6 April 2025.
Financial planning: Five in 5
The latest issue of Five in 5 covers lending solutions in a changing interest environment, pension salary exchange and upcoming changes to Inheritance Tax.
