Category: Tax

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 September 2026

The September 2026 edition of Tax E-News highlights critical UK tax updates, including the phased rollout of mandatory payrolling for benefits in kind starting April 2027 and HMRC’s automatic Making Tax Digital (MTD) sign-ups beginning September 2026 for eligible sole traders and landlords. Additionally, HMRC is leveraging third-party data to target landlords with undeclared rental income, alongside updated advisory fuel rates for company cars and key tax deadlines through October 2026.

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 May 2026

This May 2026 edition of Tax E‑News highlights several important developments affecting individuals and businesses, from the launch of Making Tax Digital for Income Tax to key updates on loans to participators, VAT rulings, capital allowances, and changes to the Construction Industry Scheme. It also explores recent case law on Stamp Duty Land Tax and mixed‑use property. Together, these updates reflect a rapidly evolving tax landscape and the need for timely planning and compliance.

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.

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 February 2026

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.

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.