Directors and employees claiming work-from-home tax relief will no longer be able to claim it from the start of the new tax year – 6 April 2026. Why is this relief being taken away? The Chancellor announced the removal of the work-from-home relief as part of her latest Autumn Budget. The main reasoning given for […]
Capital allowances continue to provide an effective method for businesses to reduce their tax bills, by providing incentives for investment in eligible expenditure – typically plant and machinery. Historically, these reliefs have been subject to change and the 2026/27 tax year is no different, as the Government moves to alter two key reliefs – Writing […]
HMRC and Companies House have confirmed that from 1 April, all businesses must use compliant, commercial software to file their company’s tax returns. As of 31 March, the free joint online service, commonly known as the CATO portal, from these two Government bodies has been removed and you must now use software to file company […]
TWP Accountants are urging employers across Weybridge to review their hiring and management practices following the introduction of new “day one” employment rights, which came into force on 6 April 2026. The changes, courtesy of the Employment Rights Act 2025, mean that several key protections now apply from the very start of employment, removing the […]
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 more than £50,000 per annum. MTD requires digital record-keeping and quarterly updates to HMRC, with […]
It can be hard to keep track of tax changes, with the start of a new tax year often bringing new rates, allowances and other legislative changes. To make things easier, here is a list of the key tax changes that will take effect from April 2026. Income tax In 2026/27 income tax rates, thresholds […]
New consultation on reporting company payments to participators Returning to corporation tax, a new consultation, ‘Reporting company payments to participators’ has been published, inviting views on proposals to introduce new requirements to report transactions between close companies and their participators to HMRC. The government believes that the risk of error and tax evasion is greatest in close companies, where the legal distinction between the […]
In a recent VAT case (Charge My Street Ltd v HMRC [2026] TC09802), the First Tier Tribunal found that electric vehicle charging supplied at public charging stations qualified for a 5% reduced rate VAT charge. This ruling contradicts HMRC’s long-held policy that electric vehicle charging at public charging stations is subject to a standard 20% […]
Date What’s Due 1 April Corporation Tax for year to 30/06/2025, unless quarterly instalments apply 1 April National Minimum Wage rate increases take effect. 5 April End of the 2025/26 tax year – many tax planning actions need to have been taken by this date, including making use of 2025/26 allowances). 6 April Start of […]
Whilst the issues in the Middle East may appear thousands of miles away, we know that it will have a ripple effect across our clients’ businesses, some more than others. If this disruption continues, clients who were impacted by the Russia energy shock, may find this much worse. We wanted to share some thoughts about […]
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