Monthly Tax E-News (Jan26)

This tax update outlines upcoming compliance shifts and regulatory adjustments scheduled for the UK tax system between 2026 and 2029. The document highlights the transition to Making Tax Digital for income tax, noting that while many self-assessment taxpayers face a 2026 deadline, specific groups like trust recipients and farmers have received deferrals. Significant changes to employee benefits are detailed, including the removal of tax deductions for home-working expenses and the mandatory payrolling of benefits in kind starting in 2027. Future digital reforms are also previewed, such as the 2029 requirement for mandatory e-invoicing for VAT-registered businesses. Additionally, the source provides practical guidance on advisory fuel rates, key filing deadlines, and a recent legal ruling confirming that rotisserie chickens are subject to standard-rate VAT.

Simply Accounts & Tax

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

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