HMRC have released Employment-Related Securities (ERS) Bulletin 64, which contains details of changes to the Enterprise Management Incentives (EMI) scheme thresholds, end-of-year reporting requirements and the mandatory tax adviser registration.
SME Tax News
Hello,
This week brings a mixture of practical updates, policy developments and cautionary tales for advisers and businesses navigating an increasingly complex tax landscape.
HMRC recently published new guidance on mandatory registration for tax advisers, coming into force in May 2026, but there is still uncertainty surrounding the new regime, with some professional bodies asking for further clarification from HMRC.
In Andrew Charles Ferguson & Gemma Mary Ferguson v HMRC [2026] TC09782, the First Tier Tribunal (FTT) found that residential rates applied on a property purchase where a let paddock formed part of the grounds of the property.
In Francis Uzoh v HMRC [2026] TC09775, the First Tier Tribunal (FTT) found that claims for business travel and subsistence expenses were invalid as the expenses were 'ordinary commuting'.
HMRC have published new advisory fuel rates for company car drivers that apply from 1 March 2026.
HMRC have published their Agent Update for February 2026. We have summarised the key content, including Annual Tax on Enveloped Dwellings (ATED) reporting, changes to the process of reporting Trusts Capital Gains Tax (CGT), Benefit In Kind (BIK) reporting and an update on the new tax adviser registration rules.
Missed our SME Tax Updates in January? Here is a summary of the month.
Hello,
This week's update brings several important developments for employers, advisers and payroll professionals as we look ahead to the final months of the 2025-26 tax year.
HMRC have published their Employer Bulletin for February 2026. Key content includes a new release of HMRC's free Basic PAYE Tool, Benefit In Kind reporting, the new student loan plan, National Insurance Contributions (NICs) for veterans, overseas NICs changes and upcoming reporting deadlines.
