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08/07/2026

July Tax Tips & News

Welcome to the Andrews & Brown Tax Tips & 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. ..
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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. ..
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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...
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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. ..
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July Questions and AnswersJuly Key Dates

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)? Answer

Q: Is there a way to mitigate the recent increase in dividend tax?Answer

Q: With unspent pensions being included in my estate for inheritance tax purposes from next year, how can I reduce my estate's value below £2m so that I don't lose the residence nil-rate band?Answer

Newsletter issue – July 2026

1st

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

6th

  • Deadline for submitting P11D and P11D(b) forms for the tax year 2025-26.

19th

  • For employers operating PAYE, this is the deadline to send an Employer Payment Summary (EPS) to claim any reduction on what you'll owe HMRC.
  • It is also the deadline for employers operating PAYE to pay HMRC by post, for June.

22nd

  • Deadline for employers operating PAYE to pay HMRC electronically, for June.
  • It is also the deadline for paying class 1A National Insurance owed on expenses or benefits for the tax year 2025-26.

31st

  • Corporation Tax Returns (CT600 form) are due for companies with a year-end of 31st July.
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