The last few weeks have been awash with minor and major reforms to taxation in the UK, as part of HMRC’s Tax Update 2026.
Government proposes changes to the taxation of distributions and repayments of capital from companies
HMRC
The 53 per cent tax surge: How frozen thresholds are quietly costing you more
It has been reported that UK taxpayers have paid £153.7 billion in tax and National Insurance (NI) in May 2026.
Are you getting ready for the shift to e-invoicing?
2029 may seem like a while away. However, from that point, B2B and B2G transactions must be invoiced electronically and businesses must be prepared to adapt to this new requirement with minimal disruption.
Small businesses could face publication of P&L accounts from 2028 – with a caveat
Following months of delays and uncertainty, the Government has confirmed that small businesses in the UK will be required to file balance sheet and profit and loss (P&L) accounts with Companies House.
TikTok tax scam: Spotting tax scams online
Two men have been arrested in East London after allegedly running a TikTok tax scam leading HMRC to block £153 million in repayment claims.
22 per cent ISA tax rumour shut down by Treasury – Here are the true changes to ISAs next year
Rumours were flying this week that HMRC announced a 22 per cent tax on your ISA if you are holding uninvested cash. This has since been described by the treasury as ‘nonsense’.
65 per cent of people are still not registered for Making Tax Digital – Is mass non-compliance inevitable?
Despite becoming mandatory for sole traders, landlords and self-employed individuals with qualifying incomes over £50,000 from 6 April 2026, 65 per cent have still not registered for Making Tax Digital (MTD) for Income Tax.
65 per cent of people are still not registered for Making Tax Digital – Is mass non-compliance inevitable?
Despite becoming mandatory for sole traders, landlords and self-employed individuals with qualifying incomes over £50,000 from 6 April 2026, 65 per cent have still not registered for Making Tax Digital (MTD) for Income Tax.
Why are lower-paid self-employed workers twice as likely to file late taxes?
HMRC has obtained new data from PensionBee and it has revealed a worrying trend about self-employed workers’ tax returns.
P11D Deadline 2026: What employers need to do now
If you provided any taxable benefits to employees or directors during the 2025/26 tax year, such as company cars, private medical insurance, beneficial loans, gym memberships, or living accommodation, the P11D deadline should be in your sights.