Gail Swinburn

In a significant move towards modernising tax processes, HM Revenue & Customs (HMRC) has announced that, from April 2026, the payrolling of benefits in kind (BIKs) will become mandatory for employers. This change aims to streamline the reporting and taxation of non-cash benefits provided to employees, such as company cars, private medical insurance, and personal bills. Currently, many employers report BIKs annually using forms P11D and P11D(b).

The recent Autumn Budget introduced a range of significant tax changes that will impact individuals and businesses alike. In our 'Unpacking the Budget' series, we delve into these updates, providing clear explanations and actionable insights to help you understand how the changes may affect you. In this blog, we focus on the changes to CGT, shedding light on the rate increases, key deadlines, and why it's essential to revisit your financial plans to mitigate the impact of these changes.

The previous Government's budget in March 2024 announced major changes to the current tax rules for Furnished Holiday Lettings (FHLs). The new Government intends to see these changes through, ending the favourable tax regime which has been in place for a number of years. The FHL regime treats qualifying short-term lettings as a trade for tax purposes.