|
08/07/2026 |
July Tax Tips and News
Welcome to the Butterworths Tax Tips and News monthly newsletter, bringing you the latest news to keep you one step ahead of the taxman. If you need further assistance just let us know or send us a question for our Question and Answer Section. We’re committed to ensuring none of our clients pay a penny more in tax than is necessary and they receive useful tax and business advice and support throughout the year. Please contact us for advice on your own specific circumstances. We’re 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... |
| |
|
| About Us |
Butterworths Accountants are based in Llandudno, 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 www.butterworthsaccountants.co.ukfor more information.
|
| |
|
Copyright © 2026 Butterworths. All rights reserved.
Windsor House
26 Mostyn Avenue
Craig-y-Don
Llandudno
Conwy
LL30 1YY
Butterworths is a trading name of Mark Butterworth Ltd
|
|
