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14/07/2026

HMRC Inheritance Tax Enquiries Hit Six-Year High

HMRC opened 4,940 formal inheritance tax (IHT) enquiries in the last financial year - an 18% increase year-on-year. Read More...

Summer attractions see VAT reduced to 5%	Increase in Mileage Allowance
As part of the government's "Great British Summer Savings" package, aimed at helping families during rising costs linked to the Iran war, Rachel Reeves announced a VAT cut to 5% on tickets (for adults and children) for theme parks, zoos and museums. .. Read More...	The Approved Mileage Allowance Payment (AMAP) for employees using their own car for work (not commuting) has risen from 45p to 55p per mile for the first 10,000 miles per tax year. After 10,000 miles, the rate remains 25p per mile... Read More...

Reminder: check if you are eligible for the Employment Allowance

The Employment Allowance allows companies and charities to reduce their annual National Insurance (NI) liability. ..
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July Questions and Answers

July Key Dates

Q: I can no longer claim tax relief on my expenses when working from home. Is there anything I can do (I'm a basic rate taxpayer)? Answer

Q: Is there a way to mitigate the recent increase in dividend tax?Answer

Q: With unspent pensions being included in my estate for inheritance tax purposes from next year, how can I reduce my estate's value below £2m so that I don't lose the residence nil-rate band?Answer

Newsletter issue – July 2026

1^st

Corporation Tax payments are due for companies with a year-end of 30^th September.

6^th

Deadline for submitting P11D and P11D(b) forms for the tax year 2025-26.

19^th

For employers operating PAYE, this is the deadline to send an Employer Payment Summary (EPS) to claim any reduction on what you'll owe HMRC.
It is also the deadline for employers operating PAYE to pay HMRC by post, for June.

22^nd

Deadline for employers operating PAYE to pay HMRC electronically, for June.
It is also the deadline for paying class 1A National Insurance owed on expenses or benefits for the tax year 2025-26.

31^st

Corporation Tax Returns (CT600 form) are due for companies with a year-end of 31^st July.

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