Episode Details

Several significant tax updates and legislative changes effective in the United Kingdom for the 2026/27 period. Introduction of the "Great British Summer Savings" initiative, which includes a 10p increase in tax-free mileage rates and a temporary 5% VAT reduction for family-oriented leisure activities and dining. Business owners face stricter reporting requirements regarding dividends on self-assessment returns, alongside new HMRC pilot schemes designed to offer advance assurance for Research and Development (R&D) tax relief.

Recent legal rulings from the First Tier Tribunal, specifically focusing on the burden of proof in R&D claims and the criteria for employment status regarding professional sports officials.

Ultimately, a professional briefing to help taxpayers and companies navigate evolving compliance standards and potential tax savings.

Simply Accounts & Tax

E: office@simplyaccountsantax.co.uk
W: www.simplyaccountsandtax.com

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