Month: May 2026

Summer 26 VAT Changes

Written by Tony Shackleford on May 26, 2026.

The Chancellor has announced the ‘Great British Summer Saving Scheme’. The main VAT measures are: Reduced VAT rate to be charged on childrens meals. Reduced VAT rate to be charged on...

Great British Summer Saving Scheme, Vat, VAT in childrens meal, vat on childrens tickets

Business Mileage Tax Relief

Written by Tony Shackleford on May 26, 2026.

The Chancellor announced last week that the tax relief which can be claimed for business mileage is being changed. The change is backdated to 5 April 2026. From that date a rate of 55p per mile can...

Business mileage tax relief, Fixed profit car scheme, mileage tax

Personal Allowance Frozen

Written by Tony Shackleford on May 18, 2026.

Personal Allowance will now be frozen at £12,570 until 5 April 2031.

Personal Allowance, Personal Allowance Freeze

Additional Disclosures For Directors And Self Assessment Tax Returns

Written by Tony Shackleford on May 11, 2026.

The employment pages of the 2025/2026 tax return includes additional boxes to complete for directors of close companies. The boxes are: Name of the close company. Registration number of this close...

additional information tax return 2025/26., directors of close companies, Tax return 2025/26

Accounts Filed At Companies House For Small Companies

Written by Tony Shackleford on May 7, 2026.

During the premiership of Boris Johnson, the government announced its intention to increase the information disclosed in accounts filed at Companies House for small companies. The current regime...

Companies House, Disclosure of profit and loss account, profit and loss accounts, small company disclosure