Ammu Accounting, Author at ammu

Inheritance tax on pensions brings new duties for executors

New rules on inheritance tax on pensions will give executors and other personal representatives added responsibilities from 6 April 2027.

Cash ISA changes and new rules for savers from 2027

Cash ISA changes from 6 April 2027 will reduce how much most people under 65 can save into a cash ISA each year.

EMI scheme changes widen access for growing companies

The EMI scheme changes introduced in April 2026 have widened access to tax-advantaged employee share options across the UK.

companies house filing changes for small companies

Companies House filing changes due from April 2028 will affect micro-entities and small companies across the UK.

winter fuel payment recovery rules

Winter fuel payment recovery can apply where a pensioner’s income is more than £35,000. HMRC has recently updated its guidance on how the process works.

the UK tax mix is narrowing

New HMRC data shows just how much the UK tax mix relies on four major taxes: income tax, National Insurance, VAT and corporation tax.

Pension Scams Could Follow IHT Changes

Pension scams could become more common as people try to understand the inheritance tax changes due to affect some inherited pension funds from 6 April 2027.

VAT Return Deadlines: Don’t Rely on Extra Time

If your VAT return deadline falls on a weekend or bank holiday, HMRC will not automatically give you extra time to file or pay.

Business Mileage Rates: What Has Changed?

The Chancellor has announced an increase to the tax-free business mileage rates that can be paid to employees using their own cars for work. The increase is worth 10p per mile and has been backdated to 6 April 2026.

IHT property valuations for estates

IHT property valuations are coming under closer scrutiny. HMRC challenged more property valuations over the past year, with the number rising by more than a fifth.

CGT and NIC increases explained

CGT and NIC increases have helped push HMRC tax receipts higher. For 2025/26, the amount of tax collected by HMRC increased by 9.3% compared with the previous year.

Close company reporting for directors

Close company reporting is becoming more detailed. From the 2025/26 tax year, directors of close companies will have to provide more information than before when completing their self-assessment tax returns.

Author: Ammu Accounting