Category: Company Vehicles

Tax e-News June 2026

The June 2026 edition of Tax E-News highlights the Chancellor’s “Great British Summer Savings” package, which introduces a 10p per mile increase in tax-free mileage rates backdated to April 2026, alongside a temporary 5% reduced VAT rate for eligible children’s meals and activities from June to September. The document also details stricter reporting rules and potential £60 penalties for close company dividends on 2025/26 Self Assessment returns.

Additionally, the newsletter outlines HMRC’s new targeted advance assurance pilot for SME Research and Development (R&D) claims, warning businesses against faulty R&D claims by citing a recent First-tier Tribunal case. It finishes with a breakdown of a landmark employment status case involving professional football referees and lists key compliance deadlines for June and July 2026.

Tax e-News March 2026

The March 2026 Spring Forecast warns of a record-high tax burden as frozen thresholds and rising National Insurance contributions continue to squeeze budgets. With the state pension set to exceed the personal allowance by 2027/28, hundreds of thousands of retirees may soon face new tax liabilities. Now is the time to review your allowances and capital gains strategies, especially as the government keeps a close watch on capital taxes and transactions.

Critical deadlines are also looming: the Making Tax Digital (MTD) regime kicks off in April 2026 for landlords and the self-employed earning over £50,000. Furthermore, you must submit any overpayment relief claims for the 2021/22 tax year by 5 April 2026, and businesses should audit third-party labor providers now to avoid joint liability for unpaid PAYE under new rules effective this April. New advisory fuel rates are already in effect as of 1 March.

Tax e-News January 2026

This Tax E-News highlights major shifts for self-assessment and employment expenses. Making Tax Digital (MTD) for income tax is set to be mandated for a large group of taxpayers starting April 6, 2026 , although late filing penalties for quarterly updates will be waived for the 2026/27 tax year. Certain groups, such as those with trust income or farmers using averaging adjustments, have had their entry deferred until 2027. Additionally, employees should prepare for the abolition of tax deductions for working from home expenses starting April 2026 , as the government tightens rules to allow tax-free reimbursement only when home-working is a contractual necessity.

The newsletter also covers long-term digital transitions and important VAT clarifications. Looking ahead to April 2027, most Benefits in Kind (BiKs) must be processed through payroll in real-time , while mandatory e-invoicing for VAT is projected for 2029. A notable recent tribunal ruling also confirmed that rotisserie chickens are subject to 20% VAT because they are kept hot in specialized packaging. Finally, taxpayers are reminded of new advisory fuel rates effective from December 2025 and the critical January 31 deadline for filing 2024/25 self-assessment returns and making outstanding payments.

Tax e-News November 2025

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

In this month’s edition:

A significant area to watch is the planned restrictions to Inheritance Tax (IHT) relief for Agricultural Property Relief (APR) and Business Property Relief (BPR), expected from 6 April 2026. The proposal includes a new £1 million allowance for the combined value of business and agricultural property assets that qualify for 100% relief. Assets exceeding this threshold would see the relief rate drop to 50%. Furthermore, 100% BPR will no longer be available for shares designated as ‘not listed’ on recognised stock exchanges, impacting investments like AIM shares. The newsletter strongly recommends that individuals establish their potential IHT exposure now and review their Wills, though it notes these are still just proposals, not yet law.

Another key topic is the long-awaited guidance from HMRC for Making Tax Digital (MTD) for Income Tax exemptions for digitally excluded individuals. ‘Digitally excluded’ status applies to those unable to use electronic communications or keep digital records due to reasons like age, disability, or religion. To apply, you or your representative should call HMRC’s self-assessment general enquiries line or write to the provided address. For company car drivers, HMRC has updated the Advisory Fuel Rates (AFRs) for electric vehicles, introducing separate rates for charging at home (8p per mile) and using public chargers (14p per mile), effective from 1 September 2025. Finally, the newsletter touches on recent tribunal cases regarding VAT on biscuits and SDLT/ATED relief.

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.

Tax e-News August 2025

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

In this month’s edition:

This August 2025 Tax E-News provides a summary of recent tax developments. Legislation Day on July 21, 2025, saw the release of draft tax documents. Key proposals include new restrictions on inheritance tax relief for agricultural and business property from April 2026, and bringing Employee Car Ownership Schemes under benefit-in-kind rules. HMRC’s Transformation Roadmap, aiming for 90% of customer interactions to be digital by 2030, was also launched.

Regarding Making Tax Digital (MTD), HMRC is moving forward with MTD for Income Tax, set to begin on April 6, 2026. However, MTD for Corporation Tax will not be implemented. The first group of individuals to be mandated will be those with qualifying income over £50,000 in the 2024/25 tax year. Lastly, HMRC has identified an issue with some self-employed taxpayers being incorrectly charged Class 2 National Insurance contributions for 2024/25 and is working to correct these records.

Tax e-News June 2025

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

In this month’s edition:

HMRC SPRING TAX UPDATE
IT’S P11D SEASON!
2024/25 EMPLOYMENT-RELATED SECURITIES RETURNS DUE BY 6 JULY
VAT GROUPS AND ANTI-AVOIDANCE
ADVISORY FUEL RATES
DIARY OF MAIN TAX EVENTS – JUNE/JULY 2025

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