by AJN Accountants | Jul 13, 2026 | Tax Planning
HMRC has reconfirmed that supplies of electricity for charging electric vehicles (EVs) at public EV charging points is standard-rated for VAT purposes. Electricity supplied at public EV charging points is subject to VAT at the standard rate of 20%, rather than the...
by AJN Accountants | Jul 6, 2026 | Tax Planning
Employees and pensioners are being encouraged to check whether they are due a PAYE tax refund. HMRC figures suggest that more than 730,000 PAYE refunds went unclaimed last year, with the average repayment worth approximately £855. PAYE overpayments can arise for...
by AJN Accountants | Jun 22, 2026 | Tax Planning
An outstanding loan to a director or shareholder from a close company can trigger a tax charge under Section 455 of the Corporation Tax Act 2010. The director’s loan account is generally used to account for temporary withdrawals from the business for the...
by AJN Accountants | May 11, 2026 | Tax Planning
From April 2029, income tax self assessment taxpayers who also have PAYE income will pay some of their self assessment liability via PAYE. Currently, if you owe additional tax due to a previous underpayment HMRC can collect that amount gradually by adjusting your tax...
by AJN Accountants | May 1, 2026 | Tax Planning
The new points-based penalties system will apply to all self assessment taxpayers from April 2027, not just those within Making Tax Digital for income tax (MTD IT). The new rules will apply first to taxpayers mandated to join MTD IT from April 2026 (those with...
by AJN Accountants | Mar 26, 2026 | Tax Planning
With just one month to go before the first tranche of individuals are required to sign up to MTD for income tax, HMRC is writing to taxpayers it believes might be affected. From April 2026, sole traders and landlords with qualifying income above £50,000, based on the...
