HMRC has updated its guidance on the temporary reduced rate of VAT applicable to children’s meals, family attractions and tickets. Between 25 June and 1 September 2026, the rate of VAT on children’s meals and specific attractions is reduced from 20% to 5%. The new guidance, issued on 27 July,... read more →
Aug
17
May
17
Taxpayers who are required to use Making Tax Digital (MTD) for Income Tax from April 2026 should sign up now if they haven’t done so already, says the Institute of Chartered Accountants in England and Wales (ICAEW). Taxpayers who had combined gross income from sole trades and property businesses of... read more →
Dec
16
WRLO Accountants are now registered as an Authorised Corporate Service Provider (ACSP). Companies House have brought in legislation that requires all directors and people with significant control to have their identifications verified. ACSPs are also known as Companies House authorised agents. Please get in touch if you need help verifying... read more →
Nov
05
In this week’s Enews, there is news on a recommendation from the Low Incomes Tax Reform Group (LITRG) to make it easier for state pensioners to pay tax owed via a Pay as You Earn Scheme. There is also news on Chancellor Rachel Reeves’ ‘blitz on business bureaucracy’ and findings... read more →
Aug
25
HMRC will run a digital campaign to ensure that self assessment taxpayers do not claim tax relief for personal expenditure on 2025/26 tax returns, according to the Institute of Chartered Accountants in England and Wales (ICAEW). HMRC has told the ICAEW that the digital campaign follows a trial in 2024.... read more →
Jul
04
HMRC is warning those earning extra income through a side hustle to check if they need to register for self assessment and file a tax return. Side hustles can be any additional income stream, from online selling to content creation, from dog walking to property rental. It also includes gains... read more →