Enterprise management incentives grow in popularity
The enterprise management incentive (EMI) reforms introduced in April 2026 have significantly advanced the acceptance of this benefit.
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Deprivation of assets under watch
Individuals are revising their tax-planning approaches to account for inheritance tax (IHT) being applied to unused pension pots starting April 2027.
ISA reform means changes for savers
Starting from 6 April 2027, individuals under the age of 65 will be limited to saving a maximum of £12,000 in cash individual savings accounts (ISAs) each tax year.
Recovering the winter fuel payment
Unless opted out, pensioners will have received the winter fuel payment for 2025/26; however, HMRC can recover this payment if their income exceeds £35,000. Recently, HMRC has updated its guidance regarding the recovery process.
No deadline extension for weekends or bank holidays
HMRC are having to remind taxpayers that there is no deadline extension if a VAT return submission date falls on a weekend or a bank holiday.
Approved mileage rate hike
The Chancellor has declared a 10p per mile rise in the tax-free mileage rates that can be reimbursed to employees who use their personal vehicles for business activities, effective retroactively from 6 April 2026.
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