Welcome to the July 2026 edition of our tax update. We hope you find it useful. Feel free to contact us if you wish to discuss anything further accounts@cubeaccounting.co.uk 01788 815017. MANDATORY PAYROLLING OF BENEFITS IN KIND: PHASED INTRODUCTION CONFIRMED HMRC has confirmed that mandatory payrolling of benefits in kind (BiKs) will now be introduced in two phases, starting from 6 April 2027. This change will move the reporting of most benefits away from annual P11Ds and in

Welcome to the June 2026 edition of our tax update. We hope you find it useful. Feel free to contact us if you wish to discuss anything further accounts@cubeaccounting.co.uk 01788 815017. GREAT BRITISH SUMMER SAVINGS On 21 May 2026, the Chancellor, Rachel Reeves MP, announced ‘Great British Summer Savings’, a package of measures aimed at cutting costs for families, particularly those with children. The following two measures are of particular importance to businesses: TAX-FRE

Welcome to the May 2026 edition of our tax update. We hope you find it useful. Feel free to contact us if you wish to discuss anything further accounts@cubeaccounting.co.uk 01788 815017. MAKING TAX DIGITAL FOR INCOME TAX IS NOW LIVE Making Tax Digital (MTD) for Income Tax is now live – most self-employed individuals and landlords with turnover above £50,000 in 2024/25 were mandated into the regime from 6 April 2026. Under MTD for Income Tax, individuals will keep digital reco

Welcome to the April 2026 edition of our tax update. We hope you find it useful. Feel free to contact us if you wish to discuss anything further accounts@cubeaccounting.co.uk 01788 815017. MAKING TAX DIGITAL FOR INCOME TAX – GO LIVE! The commencement of Making Tax Digital (MTD) for income tax is now live! This is the new 2026/27 tax year regime for self-employed individuals and landlords if they have business and/or property income (i.e. total takings, not net profits) of mor