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15/05/2026 |
May Tax Tips & News
Welcome to Sephton’s monthly newsletter. Here, you’ll find all our latest tax tips as well as the news that’s affecting our clients. If you scroll down the page, you’ll see you have access to the complete archive too. We’re committed to making sure our clients receive useful advice and support throughout the year.
If you need further assistance though, please get in touch using the details on the ‘contact’ page. We’re happy to help.
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| Massive council tax hikes for second homes in Scotland |
| Midlothian Council has introduced a 500% council tax premium on second homes from 1 April. This means some owners now face annual bills up to about £28,000, especially for Band G properties. Read More... |
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| Stamp Duty nets £307m more in the year since its change |
| First-time buyers are paying significantly more in stamp duty since temporary tax relief ended in April 2025. Read More... |
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| Chancellor planning tax changes to attract wealthy back to the UK |
| The Chancellor, Rachel Reeves, is preparing a package of tax breaks aimed at high earners, particularly those who left the UK following recent tax rises. Read More... |
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| 178,000 taxpayers missed out on rebates sent by cheque |
| 178,000 people didn't receive tax rebates last year because they never cashed the cheques HMRC sent them. Read More... |
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| May Questions and Answers |
| I'm converting a non-residential property into my new home. I've heard that I may be able to use the DIY Housebuilder Scheme but am unsure what it is. Can you explain? Read More... |
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| May Key Dates |
| 1st: Corporation Tax payments are due for companies with a year-end of 31st July. Read More... |
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| About Us |
Sephton Accountants are based in West Midlands, 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 sephton.co.uk for more information.
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Copyright © 2026 Sephton. All rights reserved.
Marston House
5 Elmdon Lane
Marston Green
Solihull B37 7DL
Sephton is a trading name of Sephton & Company LLP
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