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IHT – gifts made with reservation of benefits
Most lifetime gifts are treated as potentially exempt transfers (PETs) for
28th May 2026

Claiming to reduce payments on account
Self-assessment taxpayers are usually required to make payments on account to
28th May 2026

VAT – opting to tax property
The option to tax is a VAT election that allows businesses to treat supplies of
28th May 2026

Increase in approved mileage rates
The Chancellor of the Exchequer, Rachel Reeves updated Parliament on 21 May 2026
28th May 2026

Tougher action on late payments
The Government has introduced a landmark new Bill aimed at tackling the growing
25th May 2026

New measures aimed at easing living costs
The Government has announced a new package of measures designed to help
25th May 2026