Post by ASM Chartered Accountants

📢 February Newsletter 2026 📢 Our main article this month focuses on Making Tax Digital for Income Tax. This is a new obligation for taxpayers who meet the relevant criteria to report income and expenses to HMRC digitally every three months. Our Newsletter also highlights a range of topical issues including: ❗ Inheritance Tax: welcome changes; ❗ New process to tell HMRC about VAT errors; ❗ High Income Child Benefit Charge; ❗ AI: no substitute for professional advice; ❗ VAT: HMRC gets the last laugh; ❗ Smart data swells the tax take: what you should know about HMRC's use of algorithms; and ❗ All change for charities. We also have some exclusive briefings available on our website for further reading on the following topics: 1. Private Expenditure or Business Expenditure - which is which, and why it matters; and 2. Essential Employer Update 2026. To find these, visit our website: https://lnkd.in/gRyKiGav As always, if you would like to discuss any of the above matters in more detail, or would like to discuss any other area of taxation relevant to you or your business, then please do not hesitate to contact us.