What changed in this year of assessment

Every year of assessment brings a familiar rush of circulars, summaries and “what this means for you” notes. Most of them bury the few numbers that actually move a mid-sized company’s return. This piece keeps only those.

Rates and thresholds that matter

Corporate income tax brackets, the VAT registration threshold, and the points at which withholding rates step up are the levers that change cash timing, not just the final liability. If your entity sits near a band edge, model the year before you commit to dividends, bonuses or a capital spend timed for convenience.

What to put on the calendar now

Instalment dates, VAT return cut-offs and the November self-assessment deadline should already be in a shared calendar: yours, not only ours. The cost of a late filing is rarely the penalty alone; it is the scramble that follows when the Department’s letter arrives mid-close.

A practical next step

Ask for a one-page position on your entity: prior-year computation, current trial balance, and the three decisions this year that will move the number. That is enough for a partner to tell you whether planning or compliance is the urgent conversation.