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.
This Tax E-News focuses on critical year-end planning opportunities that individuals and businesses should address before the April 5 deadline. Key recommendations include maximizing the £20,000 ISA allowance and considering the 25% government bonus available through Lifetime ISAs. Pension contributions remain a powerful strategy, particularly for those earning between £100,000 and £125,140 who can benefit from an effective 60% tax saving. Businesses are also encouraged to review equipment spending to utilize the £1 million Annual Investment Allowance or the new 40% first-year allowance introduced in January 2026.
Significant legislative shifts are approaching in April 2026, including a two percentage point increase in dividend tax rates and a rise in Capital Gains Tax for certain reliefs to 18%. A notable government “U-turn” will increase the Inheritance Tax relief cap for qualifying agricultural and business assets to £2.5 million, potentially allowing couples to pass on £5 million tax-free. Furthermore, the newsletter outlines the upcoming Making Tax Digital (MTD) mandate for self-assessment taxpayers , the removal of employee tax relief for working from home , and the future requirement for mandatory payrolling of benefits in kind starting in 2027.
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.
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.
Welcome to our monthly tax newsletter designed to keep you informed of the latest tax issues.
In this month’s edition:
This month’s tax update brings you essential news on significant changes ahead. We cover major reforms to Statutory Sick Pay (SSP), new HMRC compliance checks on business expenses, and important updates on property tax and the Winter Fuel Payment.
Key points include:
* SSP Reforms from April 2026: SSP will soon be payable from day one, and the minimum earnings threshold will be removed.
* HMRC Targets Business Expenses: A new campaign will focus on ensuring correct private use adjustments in Self Assessment returns.
* SDLT on Dilapidated Properties: HMRC has issued a warning about incorrect SDLT reclaim claims for properties in need of repair.
* Winter Fuel Payment Clawback: Find out if your payment will be recovered and note the 15 September 2025 opt-out deadline.
Read on for more details and other key tax updates.
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.
Welcome to our monthly tax newsletter designed to keep you informed of the latest tax issues.
In this month’s edition:
We tackle the key questions affecting business owners and individuals. Discover why the best way to extract profit from your company is no longer a simple answer, how you can get a 25% government bonus on childcare costs, and what landlords of joint properties need to know about Making Tax Digital. Read on for essential tax-planning insights.
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
Welcome to our monthly tax newsletter designed to keep you informed of the latest tax issues.
In this month’s edition:
MTD for Income Tax – FAQs
Changed to the Taxation of Non-UK Domiciled Individuals
Holiday Lettings and Property
Diary of Main Tax Events – May/June 2025
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.