As we speed towards the new tax year, many businesses are preparing for the changes that Making Tax Digital (MTD) will bring. From April, sole traders and landlords with an annual turnover of over £50,000 will need to submit quarterly…
Mandatory payrolling of Benefits in Kind from April 2027
From April 2027 it will be mandatory for employers to include most benefits in kind (BiKs) provided to employees in their payroll. All BiKs will need to be payrolled except employer provided living accommodation and interest free and low interest…
NCSC launches free Cyber Action Toolkit
Practical actions to help businesses boost security The National Cyber Security Centre (NCSC) has launched a new free Cyber Action Toolkit to help small businesses strengthen their cyber defences in a simple and affordable way. The toolkit has been designed…
New national minimum wage rates confirmed
Payroll costs to increase again in April 2026 The government has announced the new minimum wage rates that will come into force from 1 April 2026. The new rates are as follows: Current rate New rate Aged 21 and…
Making Tax Digital: Advice for digitally excluded taxpayers
HMRC has published long-awaited guidance on how digitally excluded individuals should apply for an exemption from Making Tax Digital (MTD) for Income Tax. Gaining HMRC’s agreement that a person is digitally excluded is essential. What does ‘digitally excluded’ mean? The…
Advisory fuel rates for company cars
The table below sets out the HMRC advisory fuel rates from 1 September 2025. These are the suggested reimbursement rates for employees’ private mileage using their company car. Where the employer does not pay for any fuel for the company…
VAT error correction
Form VAT652 (error correction) was withdrawn on 8 September 2025. The form was used to notify HMRC of VAT return errors that could not be corrected on the next VAT return. The procedure for correcting VAT return errors is now…
Business rates: Revaluations coming in 2026
How will your business be affected? The Valuation Office Agency (VOA) is encouraging businesses to sign up for a business rates valuation account so they can find out their new commercial property valuation. Every three years the VOA updates the…
Budget 2025 date – 26 November
The Chancellor will deliver the Autumn Budget 2025 on 26 November 2025. The content of the Autumn Budget is anticipated to address significant fiscal challenges, including potential tax rises to address the public finance deficit. Before turning to Autumn Budget…
