Welcome to the July 2026 Tax Update. In this issue we take a look at the first MTD deadline, Benefits in Kind, Gov.uk Chat, VAT on public EV charging points and upcoming dates on the Accounting Horizon. MTD FOR INCOME TAX: 7 AUGUST DEADLINE IS NEAR Making Tax Digital (MTD)…
HMRC’s ‘Don’t get caught out’ campaign encourages contractors working through umbrella companies to take a closer look at their circumstances and watch out for tax avoidance. Contractors can use HMRC’s online guidance and tools to learn about tax avoidance, to understand how they are paid and how to check if…
Mandatory payrolling now to be phased in The announcement of mandatory payrolling for Benefits In Kind was originally expected to start in April 2027, but following industry pressure, it will now be introduced in two phases. Phase 1 will continue to be rolled out from 6 April 2027, with Phase…
Welcome to the June 2026 Tax Update. In this issue we take a look at tax-free mileage rates, temporary reduced rate of VAT, dividends, a Research & Development update, employment rules and upcoming dates on the Accounting Horizon. GREAT BRITISH SUMMER SAVINGS On 21 May 2026, the Chancellor, Rachel Reeves…
The end of the 2025/26 tax year will soon be here, which means a few additional tasks to carry out on your payroll, if you run one. If you run a payroll, you will need to report information on the tax year that is ending to HM Revenue and Customs…
Tax Efficient Options for Employers and Employees With costs rising, many employers and employees are looking for practical ways to reduce outgoings without cutting benefits. Salary sacrifice can be an excellent tool to do this, but many businesses overlook it. In short, salary sacrifice lets an employee give up part…
Happy New Year and welcome to the January 2026 Tax Update. In this issue we take a look at upcoming changes to Making Tax Digital for Income Tax, working from home expenses, benefits in kind, e-invoicing, advisory fuel rates and dates on the Accounting Horizon. MAKING TAX DIGITAL FOR INCOME…
Why Thinking Like a CFO Can Help You Shape Your Business For many small and medium-sized business owners, bookkeeping, payroll and VAT returns are seen as a necessary part of their routine. These tasks are essential, but in terms of shaping your business, they can only tell you what has…
Why getting minimum wage calculations right matters more than ever Matthew Taylor CBE, author of the influential Taylor Review of Modern Working Practices, has been appointed as the first Chair of the new Fair Work Agency – a body that’s set to change how the UK enforces employment rights. The…
Welcome to the September Tax Update. In this issue we take a look at adjustments for private use, statutory sick pay, stamp duty land tax, winter fuel payments, VAT, Artificial Intelligence and upcoming dates on the Accounting Horizon. ADJUSTMENTS FOR PRIVATE USE HMRC will be running a digital campaign aimed…