HMRC recently published new guidance on mandatory registration for tax advisers, coming into force in May 2026, but there is still uncertainty surrounding the new regime, with some professional bodies asking for further clarification from HMRC.
SME Tax News
HMRC have published new advisory fuel rates for company car drivers that apply from 1 March 2026.
HMRC have published their Agent Update for February 2026. We have summarised the key content, including Annual Tax on Enveloped Dwellings (ATED) reporting, changes to the process of reporting Trusts Capital Gains Tax (CGT), Benefit In Kind (BIK) reporting and an update on the new tax adviser registration rules.
Hello,
This week's update brings several important developments for employers, advisers and payroll professionals as we look ahead to the final months of the 2025-26 tax year.
In MWL International Ltd and Maywal Ltd v HMRC [2026] UKUT 00062, the Upper Tribunal (UT) upheld the First Tier Tribunal's (FTT's) decision that National Insurance Contributions (NICs) were payable on the misreporting of 'pool cars' for Benefit In Kind purposes.
HMRC have published their Employer Bulletin for February 2026. Key content includes a new release of HMRC's free Basic PAYE Tool, Benefit In Kind reporting, the new student loan plan, National Insurance Contributions (NICs) for veterans, overseas NICs changes and upcoming reporting deadlines.
Hello,
This week, the government published its ‘Budget Information Security Review’, following the leak in the run-up to last autumn’s Budget. In its report, the National Cyber Security Centre found that in the hour before Rachel Reeves delivered her Budget speech, the content of the OBR’s Economic and Fiscal Outlook was downloaded in full nearly 25,000 times.
In Ifoem Odina v HMRC [2026] TC09767, the First Tier Tribunal (FTT) found that an individual who had been subject to financial abuse from her former spouse, and who had not seen or approved her tax returns, was nevertheless subject to the High-Income Child Benefit Charge. Rental income remained taxable on her, forming part of her Adjusted Net Income, despite the fact that she had not received it.
Last year's November Budget was accessed over 24,000 times before Rachel Reeves addressed Parliament, according to the National Cyber Security Centre (NCSC). It was discovered that the March 2025 Budget had also suffered unauthorised access. As a result, stricter security procedures are to be introduced at both the Office for Budget Responsibility (OBR) and HM Treasury (HMT).
HMRC have released a new policy paper on operational activity following the independent review of the loan charge. HMRC are now reviewing taxpayers' disguised remuneration arrangements and issuing letters to those affected.
