Category: CGT

Tax e-News October 2026

The October 2026 edition of Tax E-News highlights essential HMRC updates and compliance changes for UK taxpayers, starting with a critical reminder for investors to declare cryptoasset income and gains ahead of increased HMRC data sharing with UK exchanges. It examines the strict conditions for reclaiming VAT on business cars in light of the Luxurico Ltd v HMRC tribunal decision, and outlines preparation steps for self-employed individuals and landlords ahead of the April 2027 Making Tax Digital expansion. Additionally, the newsletter covers mandatory new Self Assessment disclosures for close company directors starting in the 2025/26 tax year, alongside key upcoming tax deadlines including the 2026 Autumn Budget.

Tax e-News April 2026

Welcome to the April 2026 edition of Tax E-News, where the headline story is the official “go-live” of Making Tax Digital (MTD) for income tax. This new regime applies to self-employed individuals and landlords with business or property income exceeding £50,000 per annum, requiring digital record-keeping and quarterly updates, the first of which is due by 7 August 2026. Beyond MTD, taxpayers should prepare for a hike in dividend tax rates, which are increasing to 10.75% for basic rate taxpayers and 35.75% for those in the higher rate band.

HMRC is also tightening its grip on corporate reporting, with new data requirements for company directors in 2025/26 self-assessments and a consultation on more detailed disclosures for transactions between close companies and their shareholders. Other key changes include a rise in Capital Gains Tax rates for Business Asset Disposal Relief to 18%, stricter penalties for late-filed corporation tax returns, and a potential VAT shift for public electric vehicle charging following a recent tribunal ruling. Stay ahead of these updates to ensure your 2026/27 tax planning remains compliant and efficient.

Personal Tax – Year End Tax Planning Guide 2025/26

With the end of the 2025/26 tax year fast approaching, it is now the time to consider some opportunities for saving tax with some careful end of year tax planning. This guide will provide you with lots of tax saving tips, but not all of these will be relevant to your particular circumstances.

Tax e-News October 2025

Welcome to our monthly tax newsletter designed to keep you informed of the latest tax issues.

In this month’s edition:

Get ready for the Autumn Budget on November 26, 2025, which is expected to bring significant tax changes to address the UK’s public finances. Key areas to watch include a potential alignment of Capital Gains Tax rates with higher Income Tax rates, and further restrictions on Inheritance Tax reliefs, building on changes already slated for 2026 and 2027. Speculation also surrounds a possible cap on pension savings tax relief, widening the scope of National Insurance to include landlords, and a potential reduction or abolition of the £90,000 VAT registration threshold.

Beyond the budget, several other updates are now in effect. HMRC has introduced a new online service for correcting VAT errors following the withdrawal of Form VAT652. New advisory fuel rates for company cars took effect on September 1, 2025, now including separate mileage rates for electric vehicles charged at home versus public facilities. As you prepare for these changes, remember key deadlines are approaching, including the Self-Assessment chargeability notification on October 5 and Corporation Tax payments on October 1 and November 1 for relevant year-ends.

Personal Tax – Year End Tax Planning Guide 2024/25

With the end of the 2024/25 tax year fast approaching, it is now the time to consider some opportunities for saving tax with some careful end of year tax planning. This guide will provide you with lots of tax saving tips, but not all of these will be relevant to your particular circumstances.

Tax e-News March 2025

Welcome to our monthly tax newsletter designed to keep you informed of the latest tax issues.

MAKING TAX DIGITAL FOR INCOME TAX
TIMING OF DISPOSALS AND ELECTIONS FOR CAPITAL GAINS TAX
LOAN CHARGE REVIEW – HAVE YOUR SAY!
ARE YOU TRADING?
ATED
ADVISORY FUEL RATES FOR COMPANY CARS
DIARY OF MAIN TAX EVENTS – MARCH / APRIL 2025

Tax e-News February 2025

Welcome to our monthly tax newsletter designed to keep you informed of the latest tax issues.

THERE’S STILL TIME FOR SOME YEAR END TAX PLANNING!
AVOID ANY DOUBLE CAB ‘HICCUPS’!
EMPLOYMENT EXPENSES
VAT ON FOOD AND DRINK
DIARY OF MAIN TAX EVENTS – FEBRUARY/MARCH 2025

Tax e-News October 2024

Welcome to our monthly tax newsletter designed to keep you informed of the latest tax issues.

In this month’s newsletter:

POSSIBLE CAPITAL GAINS TAX CHANGES IN THE OCTOBER BUDGET – SHOULD YOU BRING FORWARD ASSET DISPOSALS BEFORE BUDGET DAY?
BEWARE “BED AND BREAKFAST” ANTI-AVOIDANCE
RUMOURS OF PENSION CHANGES IN THE OCTOBER BUDGET
MANY OVER 55’S CAN WITHDRAW 25% OF THEIR PENSION FUND TAX-FREE
CHECK YOUR STATE PENSION ENTITLEMENT
“NUDGE” LETTERS BEING SENT BY HMRC TO TAXPAYERS
BEWARE “SCAM” LETTERS CLAIMING TO BE FROM HMRC
DIARY OF MAIN TAX EVENTS -OCTOBER/NOVEMBER 2024

Tax e-News February 2024

Welcome to our monthly tax newsletter designed to keep you informed of the latest tax issues.

In this month’s newsletter:

YEAR END TAX PLANNING
USE A LIFETIME ISA (LISA) TO SAVE FOR YOUR FIRST HOME
PENSION PLANNING
CAPITAL GAINS TAX PLANNING
CAPITAL EXPENDITURE PLANNING
GET READY FOR MORE R&D CHANGES
ADVISORY FUEL RATE FOR COMPANY CARS
DON’T BE LATE IN PAYING YOUR PERSONAL TAX BILL
DIARY OF MAIN TAX EVENTS – FEBRUARY/MARCH 2024

Tax e-News January 2023

Welcome to our monthly tax newsletter designed to keep you informed of the latest tax issues.

In this month’s newsletter:

NEW YEAR RESOLUTIONS TO SAVE TAX
PENSION PLANNING
TIME TO REVIEW YOUR WILL?
PASSING ON THE FAMILY HOME
£12,300 CGT ANNUAL ALLOWANCE – USE IT OR LOSE IT
130% SUPER-DEDUCTION ENDS 31 MARCH 2023
£1 MILLION ANNUAL INVESTMENT ALLOWANCE NOW PERMANENT
NEW VAT PENALTIES FOR LATE RETURNS
ADVISORY FUEL RATE FOR COMPANY CARS
SCOTTISH INCOME TAX RATES FOR 2023/24
DIARY OF MAIN TAX EVENTS – JANUARY 2023/February 2023