Episode Details

The August 2026 edition of Tax E-News details significant upcoming changes to the UK tax landscape under the leadership of Prime Minister Andy Burnham. Key highlights include a proposed VAT reduction on household electricity and a shift towards mandatory electronic invoicing via the Peppol framework by 2029.

HMRC is also exploring "Timely Payments" for self-employed individuals to collect tax more frequently throughout the year rather than in large biannual instalments. Additionally, the government is cracking down on unreported "side hustle" income from digital platforms, reminding taxpayers of the £1,000 trading allowance threshold.

Business owners and investors to engage in scenario planning and maintain digital records as these policy consultations evolve into formal legislation.

Finally, a compliance calendar for late 2026 to help taxpayers manage Corporation Tax and PAYE deadlines.

Simply Accounts & Tax

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W: www.simplyaccountsandtax.com

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