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20/07/2026

August Tax Tips & News

Welcome to the Hammond McNulty Tax Tips & News monthly newsletter, bringing you the latest news to keep you one step ahead of the taxman.

If you need further assistance just let us know or send us a question for our Question and Answer Section.

We’re committed to ensuring none of our clients pay a penny more in tax than is necessary and they receive useful tax and business advice and support throughout the year.

Please contact us for advice on your own specific circumstances. We’re here to help!

ISA Reforms on the way

The government is consulting on a new ISA to replace the Lifetime ISA (LISA). It will be available to anyone aged 18+, removing the LISA's upper age limit of 40. This reflects the rising ages of first-time buyers. Read More...

State pensioners receiving new 'earnings limit' tax codes

HMRC is sending updated tax codes to state pensioners who exceeded the earnings limit for the Winter Fuel Payment. These letters began going out in June. Read More...

Retirees reclaiming larger pension tax refunds

New HMRC figures show large refunds reclaimed in early 2026. Thousands of retirees reclaimed money after being overtaxed on flexible pension withdrawals. Read More...

Making Tax Digital (MTD) uptake is far behind requirements

Fewer than half of sole traders required to join MTD have registered. Only 400,000 sign-ups have occurred since the start of the financial year Read More...

August Questions and Answers

Q: I've heard that making charitable donations can increase my tax-free Personal Allowance. How does this work, exactly? Read More...

August Key Dates

1st: Corporation Tax payments are due for companies with a year-end of 31st October. Read More...

About Us

Hammond McNulty Accountants are based in Cheshire, offering local business owners and individuals a wide range of services.

All clients are entitled to fixed fees, work delivered on time and unlimited phone support. Visit our website h-m.co.uk for more information.

Bank House Market Square Congleton Cheshire CW12 1ET

Hammond McNulty is a trading name of Hammond McNulty LLP