News & Views
Keep up to date with the latest News & Insights from The MGroup.
Funding Self Assessment Tax Payments
For many taxpayers, the second Self Assessment payment on account for the 2025–26 tax year falls due on 31 July 2026. While the January payment often receives most attention, the July instalment can arrive quickly, particularly for business owners, landlords and self...
Managing Working Capital
Working capital is the difference between a business's current assets, such as cash, stock and money owed by customers, and its current liabilities, such as supplier invoices, taxes and other short-term debts. In simple terms, it measures a business's ability to meet...
Ready for the New Digital Tax Rules?
The shift towards digital tax reporting is continuing, and for many individuals and landlords, Making Tax Digital for Income Tax (MTD ITSA) is now a live requirement. From April 2026, those with gross business or property income exceeding £50,000 are required to...
Companies House Filing Reforms Postponed to April 2028
What Smaller Businesses Need to Know The UK government has confirmed that planned changes to Companies House filing requirements under the Economic Crime and Corporate Transparency Act 2023 (ECCTA) have been postponed from April 2027 to April 2028. At the same time,...
Warning Issued Over Misleading Companies House Payment Requests
Businesses are being urged to remain vigilant following a joint warning from Companies House and the Intellectual Property Office (IPO) regarding misleading payment requests and unsolicited invoices being sent to UK companies. For businesses across Oxford and...
Coping with Possible Business Rates Increases
Business rates continue to represent a significant and, for many, increasing cost for UK businesses. As pressure builds across multiple areas, concerns around potential future increases are adding further uncertainty to the trading environment. For businesses across...
Time for a Summer Health Check?
For many businesses, the summer period provides a natural opportunity to pause, review and reset ahead of the busier months later in the year. For businesses across Oxford and Oxfordshire, the first half of 2026 has presented continued financial pressure. Rising...
Mileage Rate Uplift Highlights a Continuing Balancing Act
For many years, employees and directors using their own vehicles for business journeys have relied on HMRC’s approved mileage allowance rates as a straightforward way to recover motoring costs. The recent increase from 45p to 55p per mile from 6 April 2026 provides...
June 2026 – Newsletter
Welcome to our June newsletter. In this edition we look at a range of important tax and business developments that could affect both individuals and companies. We explain how dividend income is taxed and highlight valuable Inheritance Tax gifting exemptions that may...
Increase in Approved Mileage Rates
The Chancellor, Rachel Reeves, announced a number of measures on 21 May 2026 as part of the Government’s response to rising cost pressures and global uncertainty. Among these was a change to the approved mileage rates for employees and the self‑employed using their...
Testimonials






