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        <title>Tax Tips and News Feed of IQ Financial Accountants</title>
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			<title>HMRC Inheritance Tax Enquiries Hit Six-Year High</title>
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			<description><![CDATA[ HMRC opened 4,940 formal inheritance tax (IHT) enquiries in the last financial year - an 18% increase year-on-year. ... ]]></description>
			<pubDate>Wed, 01 Jul 2026 00:00:00 +0000</pubDate>
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			<title>Summer attractions see VAT reduced to 5%</title>
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			<description><![CDATA[ As part of the government's "Great British Summer Savings" package, aimed at helping families during rising costs linked to the Iran war, Rachel Reeves announced a VAT cut to 5% on tickets (for adults and children) for theme parks, zoos and museums. ... ]]></description>
			<pubDate>Wed, 01 Jul 2026 00:00:00 +0000</pubDate>
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			<title>Increase in Mileage Allowance</title>
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			<link>https://iqfinancialaccountants.co.uk/news/tax-news/?id=1520</link>
			<description><![CDATA[ The Approved Mileage Allowance Payment (AMAP) for employees using their own car for work (not commuting) has risen from 45p to 55p per mile for the first 10,000 miles per tax year. After 10,000 miles, the rate remains 25p per mile.... ]]></description>
			<pubDate>Wed, 01 Jul 2026 00:00:00 +0000</pubDate>
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			<title>Reminder: check if you are eligible for the Employment Allowance</title>
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			<description><![CDATA[ The Employment Allowance allows companies and charities to reduce their annual National Insurance (NI) liability. ... ]]></description>
			<pubDate>Wed, 01 Jul 2026 00:00:00 +0000</pubDate>
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			<title>July Questions and Answers</title>
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			<link>https://iqfinancialaccountants.co.uk/news/tax-news/?id=1522</link>
			<description><![CDATA[ Q: I can no longer claim tax relief on my expenses when working from home. Is there anything I can do (I'm a basic rate taxpayer)?... ]]></description>
			<pubDate>Wed, 01 Jul 2026 00:00:00 +0000</pubDate>
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			<title>July Key Dates</title>
			<guid isPermaLink="true">https://iqfinancialaccountants.co.uk/news/tax-news/?id=1523</guid>
			<link>https://iqfinancialaccountants.co.uk/news/tax-news/?id=1523</link>
			<description><![CDATA[ 1st: Corporation Tax payments are due for companies with a year-end of 30th September.... ]]></description>
			<pubDate>Wed, 01 Jul 2026 00:00:00 +0000</pubDate>
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		<item>
			<title>Making Tax Digital (MTD) for Income Tax - deadline reminders</title>
			<guid isPermaLink="true">https://iqfinancialaccountants.co.uk/news/tax-news/?id=1512</guid>
			<link>https://iqfinancialaccountants.co.uk/news/tax-news/?id=1512</link>
			<description><![CDATA[ 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.... ]]></description>
			<pubDate>Mon, 01 Jun 2026 00:00:00 +0000</pubDate>
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			<title>HMRC rejects almost half of Making Tax Digital exemptions</title>
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			<description><![CDATA[ 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. ... ]]></description>
			<pubDate>Mon, 01 Jun 2026 00:00:00 +0000</pubDate>
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			<title>Pensions to be included in IHT calculations from April 2027</title>
			<guid isPermaLink="true">https://iqfinancialaccountants.co.uk/news/tax-news/?id=1514</guid>
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			<description><![CDATA[ From April 2027, unused defined contribution (DC) pensions will be counted as part of a person's estate for inheritance tax (IHT).... ]]></description>
			<pubDate>Mon, 01 Jun 2026 00:00:00 +0000</pubDate>
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			<title>Drop in tax relief on VCTs may affect economic growth</title>
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			<link>https://iqfinancialaccountants.co.uk/news/tax-news/?id=1515</link>
			<description><![CDATA[ The Chancellor reduced income tax relief on Venture Capital Trusts (VCTs) from 30% to 20%, effective 6 April 2026. ... ]]></description>
			<pubDate>Mon, 01 Jun 2026 00:00:00 +0000</pubDate>
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			<title>June Questions and Answers</title>
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			<description><![CDATA[ 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?... ]]></description>
			<pubDate>Mon, 01 Jun 2026 00:00:00 +0000</pubDate>
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		<item>
			<title>June Key Dates</title>
			<guid isPermaLink="true">https://iqfinancialaccountants.co.uk/news/tax-news/?id=1517</guid>
			<link>https://iqfinancialaccountants.co.uk/news/tax-news/?id=1517</link>
			<description><![CDATA[ 1st: Corporation Tax payments are due for companies with a year-end of 31st August.... ]]></description>
			<pubDate>Mon, 01 Jun 2026 00:00:00 +0000</pubDate>
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			<title>Massive council tax hikes for second homes in Scotland</title>
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			<description><![CDATA[ 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.... ]]></description>
			<pubDate>Fri, 01 May 2026 00:00:00 +0000</pubDate>
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			<title>Stamp Duty nets £307m more in the year since its change</title>
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			<description><![CDATA[ First-time buyers are paying significantly more in stamp duty since temporary tax relief ended in April 2025.... ]]></description>
			<pubDate>Fri, 01 May 2026 00:00:00 +0000</pubDate>
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			<title>Chancellor planning tax changes to attract wealthy back to the UK</title>
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			<description><![CDATA[ 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.... ]]></description>
			<pubDate>Fri, 01 May 2026 00:00:00 +0000</pubDate>
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		<item>
			<title>178,000 taxpayers missed out on rebates sent by cheque</title>
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			<description><![CDATA[ 178,000 people didn't receive tax rebates last year because they never cashed the cheques HMRC sent them. ... ]]></description>
			<pubDate>Fri, 01 May 2026 00:00:00 +0000</pubDate>
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		<item>
			<title>May Questions and Answers</title>
			<guid isPermaLink="true">https://iqfinancialaccountants.co.uk/news/tax-news/?id=1510</guid>
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			<description><![CDATA[ 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?... ]]></description>
			<pubDate>Fri, 01 May 2026 00:00:00 +0000</pubDate>
		</item>

		<item>
			<title>May Key Dates</title>
			<guid isPermaLink="true">https://iqfinancialaccountants.co.uk/news/tax-news/?id=1511</guid>
			<link>https://iqfinancialaccountants.co.uk/news/tax-news/?id=1511</link>
			<description><![CDATA[ 1st: Corporation Tax payments are due for companies with a year-end of 31st July.... ]]></description>
			<pubDate>Fri, 01 May 2026 00:00:00 +0000</pubDate>
		</item>

		<item>
			<title>Government is urged to scrap 'arbitrary' inheritance tax system</title>
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			<description><![CDATA[ The Institute of Economic Affairs (IEA) is urging the UK government to abolish inheritance tax (IHT), calling it 'arbitrary, complex and distortionary.... ]]></description>
			<pubDate>Wed, 01 Apr 2026 00:00:00 +0000</pubDate>
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		<item>
			<title>Gulf expats worried about tax bill after UK return</title>
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			<description><![CDATA[ British citizens living in Gulf states have been returning to the UK because of the conflict involving Donald Trump's war with Iran.... ]]></description>
			<pubDate>Wed, 01 Apr 2026 00:00:00 +0000</pubDate>
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