The Latest Tax News

If you’re an employer providing benefits in kind or reimbursing expenses to employees or directors, there’s an important deadline fast approaching. P11D forms for the 2024/25 tax year need to be submitted by 6 July 2025, and there are a few key changes and reminders to be aware of this year.

HMRC has published its latest advisory fuel rates for company cars, which apply from 1 June 2025. These rates are used to calculate mileage reimbursements for employees using a company car for business journeys – and help ensure that those payments remain tax-free.

If your business has issued shares, share options or other securities to employees or directors during the 2024/25 tax year, don’t forget – you’ll need to report these to HMRC by 6 July 2025

At A&C Chartered Accountants, we know tax can feel overwhelming – especially with new rules like Making Tax Digital for Income Tax (MTD for IT) coming into play from 6 April 2026. But don’t worry, we’re here to guide you through it, step by step

With just over a year to go before Making Tax Digital for Income Tax (MTD for IT) becomes mandatory, now is the time to check whether your business will need to comply from 6 April 2026.

HMRC are currently consulting on the precise details of what needs to be reported each quarter. As expected, it seems the accounting software will need to record and report