Tax Tips and News May 2026

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courtsaccountants.co.uk

29/04/2026

Tax Tips and News – May 2026

Welcome to the Courts Accountancy Services monthly newsletter, bringing you the latest tax tips and news to keep you one step ahead of the taxman.

We’re committed to ensuring none of our clients pay a penny more in tax than is necessary and that they receive useful tax and business advice and support throughout the year.

We thought you might like to have a read of this insightful article from Terri Hall at Continuum Why acting early in the new tax year matters

If you need further assistance regarding anything in this newsletter, please give us a call or drop us an email and we’ll be happy to discuss with you.`

Also, if you require advice on your own specific circumstances, feel free to give us a call, after all we are here to help!

Massive council tax hikes for second homes in Scotland

Midlothian Council has introduced a 500% council tax premium on second homes from 1 April. This means some owners now face annual bills up to about £28,000, especially for Band G properties. Read More...

Stamp Duty nets £307m more in the year since its change

First-time buyers are paying significantly more in stamp duty since temporary tax relief ended in April 2025. Read More...

Chancellor planning tax changes to attract wealthy back to the UK

The Chancellor, Rachel Reeves, is preparing a package of tax breaks aimed at high earners, particularly those who left the UK following recent tax rises. Read More...

178,000 taxpayers missed out on rebates sent by cheque

178,000 people didn't receive tax rebates last year because they never cashed the cheques HMRC sent them. Read More...

May Questions and Answers

I'm converting a non-residential property into my new home. I've heard that I may be able to use the DIY Housebuilder Scheme but am unsure what it is. Can you explain? Read More...

May Key Dates

1st: Corporation Tax payments are due for companies with a year-end of 31st July. Read More...

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Courts Accountancy Services Accountants are based in Buckingham, offering local business owners and individuals a wide range of services. All clients are entitled to fixed fees, work delivered on time and unlimited phone support. Visit our website courtsaccountants.co.uk for more information.

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