Actions to take now The tax rules on Benefits In Kind (BIKs) are changing. From 6 April 2027 to 5 April 2028, Phase 1 of HMRC’s ‘Mandatory payrolling of Benefits In Kind and expenses’ comes into force. Phase 1 will apply only to company cars, car fuel, vans, van fuel and medical benefits. Mandatory […]
What you need to know Sole traders and landlords earning more than £50,000 have been required to keep digital records and send quarterly updates to HMRC via Making Tax Digital (MTD) since April 2026. For those who haven’t, HMRC is preparing to step in and sign you up. HMRC will automatically sign up
We welcome you to the October edition of our Tax Newsletter. We hope that you find this informative. Please contact us if you wish to discuss in more detail any of the points highlighted. CRYPTOASSETS: WHY INVESTORS MUST DECLARE INCOME AND GAINS TO HMRC Cryptoassets have moved into the financial mainstream, with many individuals now
Acas provides advice and resources for employers Acas’s Julie Dennis has set out how HR teams should approach the Employment Rights Act 2025, one of the most significant changes to UK employment law in recent years, which became law on 18 December 2025 and is being phased in through 2026–2027. Several changes are already
What should your employment law reform priorities be? Read More »
What should you do if you receive a letter? HMRC is writing to some self-employed individuals whose National Insurance (NI) records may contain gaps that could affect their State Pension. If you receive a letter, don’t ignore it. In some cases, you may be able to boost your State Pension by making voluntary NI
HMRC contacts self-employed people about National Insurance gaps Read More »
Progress update on late payments, tax administration, finance access and apprenticeships The government has published a one-year-on update to its Small Business Plan, which is intended to support small and medium-sized business to start, scale and grow. Key highlights from the report include: Late payment The Small Business Protections Bill was laid before Parliament in
‘Token’ pricing leads to uncertainty According to a recent BBC report, businesses investing in Artificial Intelligence (AI) are finding it increasingly difficult to predict what their technology bills will look like, as reliance on AI increases. Software purchasing is generally straightforward in that businesses typically pay a fixed monthly or annual fee based on
AI pricing leaves businesses struggling to predict costs Read More »
