Keep up to date with the latest news from Wettone Matthews

Did you receive the Winter Fuel Payment from the Government in the last tax year? Households automatically received £200.00, or £300.00 where there is someone over the age of 80. If your taxable income was more than £35,000 in 2025 / 2026 you may need to repay this. Taxable income includes earnings from pensions, employment […]

The Chancellor held the Spring Statement on 3 March 2026. The government has been keen to have only one tax event per year (the Budget) and so the Spring Statement was intended to provide an interim update on the economy and public finances. Some key highlights include: The basic rate band remains at £37,700, with […]

Chancellor of the Exchequer Rachel Reeves set out tax-raising measures worth up to £26 billion in the Autumn Budget on 26 November 2025. The increases will be achieved through a range of measures, including extending the freeze on Income Tax thresholds for a further three years. Some of the key highlights include: In addition to […]

Are you a sole trader or landlord?   New Government plans known as ‘Making Tax Digital for Income Tax Self Assessment’ (MTD for ITSA) come into force on 6th April 2026 and require businesses and landlords with qualifying income (gross turnover for sole traders or income from rental if you are a landlord) to maintain […]

Are you a Director or Person with Significant Control (PSC) of a limited company or a member of a limited liability partnership? From 18 November 2025, anyone setting up, running, owning or controlling a company in the UK will need to verify their identity to prove who they are when dealing with Companies House. This […]

We are delighted to announce that we have once again achieved Gold Level Status as an ACCA Approved Employer for Trainee Development. We first obtained this recognition in 2001 and are proud to have maintained it ever since. This achievement reflects our ongoing commitment to supporting and developing our staff by providing high-quality training opportunities […]

After some intensive lobbying, the Government have reversed their decision not to pay the winter fuel allowance this coming winter. The allowance will now be paid to all eligible individuals unless an opt out is completed by 15 September 2025.   The payment of the allowance will now be subject to means testing and individuals […]

Wettone Matthews is delighted to announce that Luth Shafeeq has now qualified as a Chartered Certified Accountant with ACCA. It has been a long journey for Luth but with his hard work and commitment, he has achieved incredible exam results and flourished in his role at our practice. We are very proud of his achievements […]

Chancellor of the Exchequer, Rachel Reeves, held the Spring Statement on Wednesday 26 March 2025. In the run up to the event, the Chancellor stated that she ‘remains committed to one major fiscal event a year to give families and businesses stability and certainty on upcoming tax and spending changes and, in turn, to support […]

The proposals for certain individuals to comply with Making Tax Digital for income tax are now a little more than 12 months away with the new rules set to come into force from 6 April 2026. Broadly speaking this will apply to individuals who have a turnover from self-employment and/or rental income that exceeds £50,000. […]

Today we celebrate the 25th anniversary of Wendy joining Wettone Matthews. Everyone in the office enjoyed reminiscing over her career and we look forward many more years to come.

Chancellor Rachel Reeves delivered her Budget on Wednesday 30 October 2024. She pledged to ‘invest, invest, invest’ to drive growth and ‘restore economic stability’ Some of the key highlights include: The basic rate band is frozen at £37,700 until April 2028. The NICs Upper Earnings Limit and Upper Profits Limit will remain aligned to the […]