Budget 2026: what it means for you and your business —
In short
We run accurate, on-time payroll under Real Time Information, manage workplace pension auto-enrolment including assessment, communications and re-enrolment, and operate the Construction Industry Scheme for construction clients — verifying subcontractors, applying the correct deduction rates and filing monthly CIS returns. CIS penalties are automatic and escalate quickly, so this is an area where accuracy is not optional.
RTI submissions to HMRC on or before each payday — late Full Payment Submissions attract penalties. Payslips distributed securely to your staff. Starters, leavers and P45s. Statutory payments — sick pay, maternity, paternity, adoption. Year-end — P60s and P11D benefits-in-kind reporting. Directors’ payroll, including the optimal salary level given the year’s NI and tax thresholds.
Every employer must automatically enrol eligible staff into a qualifying workplace pension and contribute a minimum of 3% of qualifying earnings.
The obligations don’t end at set-up: you must assess every employee at every pay period (as their age and earnings change, so does their eligibility), issue the statutory communications, handle opt-outs and opt-ins correctly, re-enrol eligible staff roughly every three years, and complete a declaration of compliance.
The Pensions Regulator does enforce this, and “we set it up years ago” is not a defence.
Under the Construction Industry Scheme, contractors must verify each subcontractor with HMRC, deduct tax at the correct rate (0%, 20% or 30% depending on the subcontractor’s status), issue deduction statements, and file a monthly CIS return.
Penalties for late monthly returns are automatic, begin at £100, and escalate steeply — they can reach substantial sums within months, and they apply per return.
The domestic reverse charge for VAT also applies to most CIS supplies between VAT-registered businesses, which changes both the invoicing and the cash flow. The two interact, and getting one right while getting the other wrong is common.
Never late — RTI on or before payday, CIS filed monthly, every month.
Auto-enrolment fully managed — assessment, communications, re-enrolment, declarations.
Genuine CIS expertise, including the VAT reverse charge that interacts with it.
Directors’ payroll optimised against the year’s NI and tax thresholds.
Your staff get paid correctly, on time — which is the whole point.
This page provides general information about the 2026/27 UK tax year and is not advice on your particular circumstances. Tax and regulatory rules change frequently. Please contact us before acting, or refraining from acting, on anything set out here. LMJ Group is a firm of Chartered Accountants regulated by the ICAEW. LMJ Group is not a registered auditor and does not provide audit services. Last reviewed: July 2026.
