This Month's Tax Tips and News
Access all our archived tax news
May 2026
- 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....
- 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....
- 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....
- 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. ...
- 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?...
- May Key Dates
1st: Corporation Tax payments are due for companies with a year-end of 31st July....
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