Tax Tips and News July 2026

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courtsaccountants.co.uk

26/06/2026

Tax Tips and News – July 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 also have a read of this insightful article from Terri Hall at Continuum – Wealth World Cup 2026, What is on your Financial Team Sheet

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!

HMRC Inheritance Tax Enquiries Hit Six-Year High

HMRC opened 4,940 formal inheritance tax (IHT) enquiries in the last financial year - an 18% increase year-on-year. Read More...

Summer attractions see VAT reduced to 5%

As part of the government's "Great British Summer Savings" package, aimed at helping families during rising costs linked to the Iran war, Rachel Reeves announced a VAT cut to 5% on tickets (for adults and children) for theme parks, zoos and museums. Read More...

Increase in Mileage Allowance

The Approved Mileage Allowance Payment (AMAP) for employees using their own car for work (not commuting) has risen from 45p to 55p per mile for the first 10,000 miles per tax year. After 10,000 miles, the rate remains 25p per mile. Read More...

Reminder: check if you are eligible for the Employment Allowance

The Employment Allowance allows companies and charities to reduce their annual National Insurance (NI) liability. Read More...

July Questions and Answers

Q: I can no longer claim tax relief on my expenses when working from home. Is there anything I can do (I'm a basic rate taxpayer)? Read More...

July Key Dates

1st: Corporation Tax payments are due for companies with a year-end of 30th September. 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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