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05/06/2026 |
June 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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| Making Tax Digital (MTD) for Income Tax - deadline reminders |
| From April 2026, MTD for Income Tax came into force for sole traders and landlords who had gross income over £50,000 in the previous tax year. Read More... |
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| HMRC rejects almost half of Making Tax Digital exemptions |
| At the time of its request, a Freedom of Information request has shown that HMRC rejected 47% of applications for exemption from the MTD for Income Tax scheme. Read More... |
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| Pensions to be included in IHT calculations from April 2027 |
| From April 2027, unused defined contribution (DC) pensions will be counted as part of a person's estate for inheritance tax (IHT). Read More... |
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| Drop in tax relief on VCTs may affect economic growth |
| The Chancellor reduced income tax relief on Venture Capital Trusts (VCTs) from 30% to 20%, effective 6 April 2026. Read More... |
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| June Questions and Answers |
| Q: I retired last year but have since taken on a part-time job. My defined benefit pension uses up my Personal Allowance, so how much tax will I have to pay? Read More... |
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| June Key Dates |
| 1st: Corporation Tax payments are due for companies with a year-end of 31st August. 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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