Mai Accountants & Tax Advisers

Providing the right information when you start a new job helps ensure your tax code is correct from the first pay day and avoids the risk of paying too much tax.

Starting or changing jobs - MAI ACCOUNTANTS & TAX ADVISERS LIMITED | ACCOUNTANCY SERVICES | Birmingham, UK Providing the right information when you start a new job helps ensure your tax code is correct from the first pay day and avoids the risk of paying too much tax. When starting a new job or taking on

While company cars often come with tax implications, there are specific situations where the associated benefits may be exempt. There are circumstances where it can be possible to offer employees car benefits that are exempt from tax.

Company car expenses and benefits – what’s exempt? - MAI ACCOUNTANTS & TAX ADVISERS LIMITED | ACCOUNTANCY SERVICES | Birmingham, UK While company cars often come with tax implications, there are specific situations where the associated benefits may be exempt. There are circumstances where it can be possible to offer employees car

HMRC’s figures show thousands of taxpayers are filing over the festive period, but leaving your return until late January risks penalties, stress and avoidable payment problems. -Assessment

Did you file your tax return over the festive period? - MAI ACCOUNTANTS & TAX ADVISERS LIMITED | ACCOUNTANCY SERVICES | Birmingham, UK HMRC’s figures show thousands of taxpayers are filing over the festive period, but leaving your return until late January risks penalties, stress and avoidable payment problems. A new press release

The trivial benefits legislation provides a simple and practical tax exemption that allows employers to give small non-cash benefits to employees without triggering tax or National Insurance charges.

The scope of the trivial benefits legislation - MAI ACCOUNTANTS & TAX ADVISERS LIMITED | ACCOUNTANCY SERVICES | Birmingham, UK The trivial benefits legislation provides a simple and practical tax exemption that allows employers to give small non-cash benefits to employees without triggering tax or National Insurance

The government recently announced significant changes to the planned reforms to Agricultural Property Relief (APR) and Business Property Relief (BPR). The threshold for 100% relief will be increased from £1 million to £2.5 million when the changes take effect from 6 April 2026. The change will be introduced via an amendment to the Finance Bill 2025 with relief reduced to 50% on qualifying assets above the new level.

Changes to Agricultural and Business Property Relief reforms - MAI ACCOUNTANTS & TAX ADVISERS LIMITED | ACCOUNTANCY SERVICES | Birmingham, UK The government recently announced significant changes to the planned reforms to Agricultural Property Relief (APR) and Business Property Relief (BPR). The threshold for 100% relief will be increased

Verifying a VAT number before reclaiming VAT can protect your business from rejected claims, repayments, and unnecessary penalties.

Check a UK VAT number is authentic - MAI ACCOUNTANTS & TAX ADVISERS LIMITED | ACCOUNTANCY SERVICES | Birmingham, UK Verifying a VAT number before reclaiming VAT can protect your business from rejected claims, repayments, and unnecessary penalties.The online service for checking a UK VAT number is available at

The new 40% First Year Allowance (FYA) for qualifying main-rate plant and machinery expenditure first announced at Autumn Budget 2025 has now come into force.

New First Year Allowance from 1 January 2026 - MAI ACCOUNTANTS & TAX ADVISERS LIMITED | ACCOUNTANCY SERVICES | Birmingham, UK The new 40% First Year Allowance (FYA) for qualifying main-rate plant and machinery expenditure first announced at Autumn Budget 2025 has now come into force. Effective from 1 January 2026, the new

Owning more than one home can create valuable Capital Gains Tax planning opportunities, but only if you understand how and when to nominate a property for Private Residence Relief.

Nominating a property as your home - MAI ACCOUNTANTS & TAX ADVISERS LIMITED | ACCOUNTANCY SERVICES | Birmingham, UK Owning more than one home can create valuable Capital Gains Tax planning opportunities, but only if you understand how and when to nominate a property for Private Residence Relief. Typically, you do

For eligible businesses, the VAT Annual Accounting Scheme can reduce paperwork, smooth cash flow and replace quarterly returns with a single annual submission.

VAT Annual Accounting – filing your return - MAI ACCOUNTANTS & TAX ADVISERS LIMITED | ACCOUNTANCY SERVICES | Birmingham, UK For eligible businesses, the VAT Annual Accounting Scheme can reduce paperwork, smooth cash flow and replace quarterly returns with a single annual submission. The VAT Annual Accounting Scheme is

As we move into the start of 2026, it is not that long until the current 2025–26 tax year comes to an end and there are a number of payroll annual reporting obligations that must be completed. This includes sending a final PAYE submission for the tax year. The final Full Payment Submission (FPS) needs to be submitted on or before your employees’ final payday for the 2025–26 tax year.

Payroll annual reporting obligations - MAI ACCOUNTANTS & TAX ADVISERS LIMITED | ACCOUNTANCY SERVICES | Birmingham, UK As we move into the start of 2026, it is not that long until the current 2025-26 tax year comes to an end and there are a number of payroll annual reporting obligations that must be completed. This