News and Comment - Whitefield Tax - Isle of Wight Accountants

P11D and benefit-in-kind on loans

by Jessica Garbett | Jun 3, 2026 | ACCA, business taxation, employer returns

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...

Common P11D errors and omissions

by Jessica Garbett | Jun 3, 2026 | ACCA, business taxation, employer returns

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...

Backdated change to HMRC Authorised Mileage Rates

by Jessica Garbett | May 28, 2026 | business taxation

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...

Mega Marshmallows VAT case

by Jessica Garbett | May 21, 2026 | ACCA, business issues, VAT

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...

Implementing the Employment Rights Act 2025

by Jessica Garbett | May 19, 2026 | ACCA, business issues

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...

Company car arrangements

by Jessica Garbett | May 14, 2026 | ACCA, business taxation, personal taxatation

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...

Suspending penalties for careless inaccuracies

by Jessica Garbett | May 12, 2026 | ACCA, business taxation, enquiries and tax disputes, personal taxatation

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...

Exemptions from Making Tax Digital for Income Tax

by Jessica Garbett | May 7, 2026 | ACCA, business taxation

We are sharing this update from ACCA, our professional body, for the interest of clients and contacts. The content is (c) ACCA Understanding which exemptions need to be applied for It is worth knowing who can qualify for an exemption, how to apply, and the...

Tax year end and upcoming tax changes

by Jessica Garbett | May 5, 2026 | ACCA, budget, business issues, business taxation, capital taxation, personal taxatation, property taxation

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...

Staff Meeting – Wednesday 22nd April 2026

by Jessica Garbett | Apr 22, 2026 | administration, WhitefieldNews

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.

MTD for Income Tax – late filing and record-keeping penalties

by Jessica Garbett | Apr 17, 2026 | ACCA, business taxation

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 penalties as the digital framework evolves The UK tax system is gradually moving towards a more digital framework through Making...

Companies House updates

by Jessica Garbett | Apr 15, 2026 | ACCA, business issues

We are sharing this update from ACCA, our professional body, for the interest of clients and contacts. The content is (c) ACCA A comprehensive round-up of recent updates from Companies House The following are some key updates from Companies House relevant to...

Changes to voluntary national insurance contributions

by Jessica Garbett | Apr 10, 2026 | ACCA, personal finance, personal taxatation

We are sharing this update from ACCA, our professional body, for the interest of clients and contacts. The content is (c) ACCA Changes to voluntary NICs for time spent abroad commence in April In its 2025 Budget the government announced updates to voluntary National...

Choosing between FRS 102 and IFRS for SMEs

by Jessica Garbett | Apr 8, 2026 | ACCA, financial reporting

We are sharing this update from ACCA, our professional body, for the interest of clients and contacts. The content is (c) ACCA Capturing the key differences in scope, presentation, measurement and disclosure requirements in table format Financial reporting standards...

Model articles for companies with a sole director

by Jessica Garbett | Apr 3, 2026 | ACCA, business issues

We are sharing this update from ACCA, our professional body, for the interest of clients and contacts. The content is (c) ACCA The reasons behind why many businesses are reviewing their articles of association The articles of association form the constitutional...

P11D and benefit-in-kind on loans

Common P11D errors and omissions

Backdated change to HMRC Authorised Mileage Rates

Mega Marshmallows VAT case

Implementing the Employment Rights Act 2025

Company car arrangements

Suspending penalties for careless inaccuracies

Exemptions from Making Tax Digital for Income Tax

Tax year end and upcoming tax changes

Staff Meeting – Wednesday 22nd April 2026

MTD for Income Tax – late filing and record-keeping penalties

Companies House updates

Changes to voluntary national insurance contributions

Choosing between FRS 102 and IFRS for SMEs

Model articles for companies with a sole director

Register for our Newsletter

Whats Current?

Latest News

Search News by Date or Category

From our daughter business YogaTax