Taxes
May 2026 Newsletter
As we move deeper into the 2026/27 tax year, May is often the month when April’s changes stop feeling theoretical and start becoming practical. The rush of year-end processing may have eased, but employers are now focused on issuing P60s, checking that payroll has rolled over correctly and getting ahead of benefits reporting before summer…
Read MoreApril 2026 Newsletter
As the 2026/27 tax year begins, April is one of the busiest and most important months in the tax calendar. This year, the timing feels even more pronounced because Easter falls right at the start of the new tax year, with Good Friday on 3 April and Easter Monday on 6 April in England and…
Read MoreMarch 2026 Newsletter
As we approach the end of the 2025/26 tax year and prepare for the start of 2026/27 on 6 April, March is a critical planning month for business owners, landlords and individuals. Alongside the Spring statement delivered on 3 March, several structural changes to tax administration and employment costs are coming into effect. Digital reporting,…
Read MoreWhat the Budget Could Mean for Your Money: Six Big Tax and Finance Changes to Watch
Income tax, pensions, property, ISAs and more – here’s what to expect from the Budget and how you can prepare. Chancellor Rachel Reeves has set the stage for significant tax and spending changes in her autumn Budget on 26 November 2025. Millions of homeowners, savers, and pensioners could be affected. With two weeks to go…
Read MoreNovember 2025 Newsletter
We’re pleased to share the November 2025 edition of the Mercian Accountants Newsletter. With the Autumn Budget set for 26 November, attention is turning to how the Chancellor will balance the public finances while maintaining her pledge not to raise Income Tax, VAT, or National Insurance. As we mark Remembrance Sunday, we also take a…
Read MoreOctober 2025 Newsletter
Welcome to the October 2025 edition of the Mercian Accountants Newsletter. With the Autumn Budget 2025 confirmed for 26 November, attention is fixed on how the Chancellor might tackle the public finance deficit and what that could mean for taxpayers and businesses. Before then, measures from the Autumn Budget 2024 are expected to come into…
Read MoreAngela Rayner’s £40,000 SDLT Error – and How You Can Avoid It
The recent headlines about Angela Rayner’s property purchase may have caught your attention. While the political story has dominated coverage, the more important takeaway for most people is that Stamp Duty Land Tax (SDLT) is rarely straightforward. Where trusts or complex family arrangements are involved, the rules can be particularly difficult to navigate. What appears…
Read MoreSeptember 2025 Newsletter
As we settle into autumn, it’s a good time to review recent developments in tax and payroll that may affect your business or personal finances. In this September edition of the Mercian Accountants newsletter, we highlight HMRC’s renewed focus on private use adjustments for business expenses, upcoming changes to Statutory Sick Pay from April 2026,…
Read MoreAugust 2025 Newsletter
As summer moves into its final stretch, now is an opportune moment to take stock of the latest tax developments and legislative updates. In the August edition of the Mercian Accountants newsletter, we unpack the key announcements from Legislation Day 2025, including measures aimed at closing the tax gap, proposed changes to inheritance tax reliefs,…
Read MoreIs your company in possession of any residential property valued at over £500k?
If so, it is necessary for you to complete an ATED return (Annual Tax on Enveloped Dwellings) and fulfill the corresponding tax obligations. ATED returns are due in April each year for the following tax year. Therefore, for the 2024/2025 tax year, ATED Returns ought to have been submitted to HMRC by 30 April 2024,…
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