Tax, regulatory and professional updates for the accounting community.
HMRC has launched a consultation on "Timely Payments" for Self Assessment taxpayers, proposing to collect more tax through PAYE from April 2029, fundamentally reshaping how practitioners manage client cash flow and tax planning.
Read more »Companies House has delayed key filing restrictions to November 2027 and accounts reforms to April 2028. Accountants need to begin planning client compliance changes now.
Read more »HMRC's July 2026 Business Income Manual amendments cast doubt on interest deductibility for borrowing used to fund capital withdrawals, marking a significant departure from longstanding guidance.
Read more »HMRC is reviewing its Benchmark Scale Rates and Overseas Scale Rates, flat-rate allowances for employee expense reimbursement. This review signals potential changes to how accountants advise clients on travel and subsistence claims.
Read more »HMRC has introduced new digital channels for submitting option-to-tax notifications and revocations, replacing paper-based processes. The consultation closes on 18 August 2026, with implementation before year-end.
Read more »The government has confirmed a mandatory e-invoicing regime from 2029 using the Peppol framework for VAT invoices in business-to-business and government transactions.
Read more »The Upper Tribunal has held that construction of an accommodation wing at a secure inpatient mental health facility was not eligible for VAT zero-rating in NHS Ayrshire & Arran Health Board v HMRC, with significant implications for healthcare providers.
Read more »A leading business group has urged HM Revenue & Customs to withdraw default surcharge notices issued on late VAT payments, calling them contrary to legal principles.
Read more »Companies House has directed companies to keep their People with Significant Control (PSC) information up to date on the public register.
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