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.