Hello,
This week brings a run of interesting decisions from the tribunals, with an overdrawn director’s loan account, corporate residence, and the Disclosure of Tax Avoidance Scheme (DOTAS) rules being examined in our case summaries.
SME Tax Update 6 August 2026
Hello,
One of this week's major announcements is confirmation that, on 28 October, the Chancellor will present the 2026 Budget. When John Healey rises to deliver his first Budget speech since taking office, just a few months into Andy Burnham's time as Prime Minister, it will be a significant moment for UK fiscal policy, as the new leadership team sets out its economic priorities in full.
Date announced for 2026 Budget
The Chancellor, John Healey, has announced that the 2026 Budget will be presented on Wednesday, 28 October 2026.
SME Tax Update 30 July 2026
Hello,
Highlights this week include news on gaps in self-employed National Insurance records, two GAAR advisory panel opinions, and an update from HMRC on the cases it is reviewing under the Corporate Criminal Offences rules. We also cover two cases, one of which involves a Home Loan scheme that was effective for Inheritance Tax (IHT) purposes.
SME Tax Update 23 July 2026
Hello,
We have another bumper tax update this week, including poor scores for HMRC in the Charter Stakeholder Group’s annual report, with HMRC’s responsiveness receiving the lowest score of all charter standards for the third consecutive year. We also look at HMRC’s July Agent Update and several consultations, including one exploring the tax treatment of predevelopment costs.
SME Tax Update 16 July 2026
Hello,
This week, a firm date finally lands for the Capital Goods Scheme simplification, agents get a timely steer ahead of the first round of MTD quarterly filings and HMRC admits to a calculation error that’s been running since 2010. Add a fresh consultation and Legislation Day's draft legislation, including new rules for taxing stablecoins from April 2027, and there is plenty to keep agents busy.
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