The week in 60 seconds
Bank Rate remains 3.75% after the September Monetary Policy Committee decision. The Office for National Statistics is due to publish its August monthly GDP estimate on 15 October. Companies should keep identity-verification personal codes ready for relevant filings, while sole traders and landlords already within Making Tax Digital for Income Tax should keep digital records and quarterly updates current.
Borrowing decisions still need a rate-by-rate review
The Bank of England maintained Bank Rate at 3.75% in September. Businesses should compare that policy rate with the actual pricing, fees, covenants and reset dates on overdrafts, cards, mortgages and asset finance rather than treating one headline as their cost of capital.
The next GDP release lands this week
The ONS release calendar schedules the UK monthly GDP estimate for August 2026 for 15 October. One national release should not replace company-level evidence: compare it with your own order book, occupancy, debtor days, margin and cash forecast.
Companies House verification is now part of routine administration
Existing directors and people with significant control need to understand when their verified identity and personal code must be connected to company records. Check the next confirmation statement and keep the code secure rather than waiting until filing day.
Making Tax Digital is a live workflow, not a future project
From April 2026, qualifying sole traders and landlords with annual self-employment and property income over £50,000 are within Making Tax Digital for Income Tax. That means compatible software, digital records and quarterly updates should already be part of the process.
Three actions for this week
Turn the policy headlines into a short operating list.
- Review the interest rate actually applying to each material borrowing facility
- Confirm directors and PSCs are ready for the next Companies House filing
- Check that MTD records and quarterly updates are complete where the rules apply
This update is general information, not tax, legal or financial advice. Requirements can change and should be checked for the relevant person, company, period and filing date.