News & Insights

The recent announcement by the Chancellor of a temporary VAT rate cut to 5% for children’s meals, tickets and family attractions over the summer holiday period certainly captured the national news headlines.

This month’s developments are centred on two themes that are likely to remain high on the profession’s agenda for some time: changes to anti-money laundering regulation and the growing use of Artificial Intelligence (AI) across accounting, audit and corporate reporting.

HMRC has announced that mandatory real-time reporting of Income Tax and Class 1A NICs for certain benefits-in- kind and taxable expenses will now be phased in from 6 April 2027.  

This month’s developments are centred on two themes that are likely to remain high on the profession’s agenda for some time: changes to anti-money laundering regulation and the growing use of Artificial Intelligence (AI) across accounting, audit and corporate reporting.

June’s tax highlights

Monthly Audit and Accountancy round‑up: Monitoring insights and new filing requirements on the horizon.