Our Winter 2026 Pay Less Tax newsletter is now available, highlighting key tax changes and planning considerations as we approach the end of the 2025/26 tax year.
This edition focuses on increased HMRC compliance activity, changes affecting estates and executors, ways to reward employees tax-efficiently, and practical steps to review before 5 April 2026.
HMRC Crypto Enforcement
HMRC has significantly stepped up enforcement around cryptoassets. From January 2026, crypto exchange platforms must collect and report detailed personal and trading information, increasing the likelihood of HMRC enquiries for anyone involved in crypto trading or investing.
Executors – The Heightened Responsibility
The responsibilities placed on executors are increasing, particularly where estates include agricultural property, trading businesses, or unused pension funds. From April 2026 and April 2027, new inheritance tax changes will increase reporting obligations and place greater pressure on valuations, timelines, and tax payments.
Reward Employees Through PAYE Settlement Agreements
PAYE Settlement Agreements allow employers to cover the tax and national insurance on minor, irregular, or impracticable staff benefits. This can be an effective way to recognise and reward employees while avoiding unexpected personal tax charges.
Tax Year End Considerations
With the tax year ending on 5 April 2026, now is the time to review dividend planning ahead of rate increases, capital gains tax exemptions, inheritance tax exposure, state pension records, and readiness for Making Tax Digital where applicable.