Whitefield Tax - Isle of Wight Accountants

03/06/2026

Common P11D errors and omissions

We are sharing this update from ACCA, our professional body, for the interest of clients and contacts. The content is (c) ACCA Reducing errors will ensure more accurate reporting and avoid costly compliance issues With HMRC tightening digital filing requirements and increasing penalties for incorrec...

03/06/2026

P11D and benefit-in-kind on loans

We are sharing this update from ACCA, our professional body, for the interest of clients and contacts. The content is (c) ACCA Frequency of ORI changing and other key information about recent changes An interest-free loan to an employee (or director) is chargeable to tax if it exceeds £10,000 at an...

28/05/2026

Backdated change to HMRC Authorised Mileage Rates

For many years HMRCs Authorised Mileage Rates for using your own car or van for business, or for simplified expenses instead of claiming apportioned actual costs, ave been frozen at: Up to 10,000 miles a year – 45p per mile Over 10,000 miles a year – 25p per mile It has recently been announced t...

21/05/2026

Mega Marshmallows VAT case

We are sharing this update from ACCA, our professional body, for the interest of clients and contacts. The content is (c) ACCA Tribunal adopts an unusual, but logical, step to settle long-running dispute. A long-running VAT dispute between HMRC and Innovative Bites Ltd (IBL) has concluded with a not...

19/05/2026

Implementing the Employment Rights Act 2025

We are sharing this update from ACCA, our professional body, for the interest of clients and contacts. The content is (c) ACCA A summary of changes effective from April 2026 The rollout of the Employment Rights Act 2025 marks a major reset in UK employment law. Rather than arriving all at once, the....

14/05/2026

Company car arrangements

We are sharing this update from ACCA, our professional body, for the interest of clients and contacts. The content is (c) ACCA How ECOS schemes differ from others Employee car ownership schemes (ECOS) are often positioned as a tax-efficient alternative to traditional company car arrangements. While....

12/05/2026

Suspending penalties for careless inaccuracies

We are sharing this update from ACCA, our professional body, for the interest of clients and contacts. The content is (c) ACCA Ten things you need to know HMRC has the power to suspend penalties arising from careless inaccuracies in tax returns or other documents under Schedule 24 to the Finance Act...

07/05/2026

Exemptions from Making Tax Digital for Income Tax

05/05/2026

Tax year end and upcoming tax changes

We are sharing this update from ACCA, our professional body, for the interest of clients and contacts. The content is (c) ACCA A reminder of key changes as announced in the last two Budgets As the end of the 2025/26 tax year approaches, individuals and businesses should take advantage of available t...

22/04/2026

Staff Meeting – Wednesday 22nd April 2026

Wednesday 22nd April 2026. Our offices will be closed until late lunchtime today – both to visitors and callers – due to a staff team meeting at an external venue.