Mundy & Co.

23/06/2026

What a fantastic picture.

One hell of a storm in Glastonbury this evening , this is a shot of it approaching, It cause flash flooding and power cuts.

23/06/2026

23/06/2026

Xero Fees are going up again.

https://www.xero.com/uk/pricing-plans/update/

22/06/2026

Mandatory payrolling now to be phased in

> The announcement of mandatory payrolling for Benefits In Kind was originally expected to start in April 2027, but following industry pressure, it will now be introduced in two phases.

> Phase 1 will continue to be rolled out from 6 April 2027, with Phase 2 starting a year later on 6 April 2028. The move to mandatory payrolling will replace the current P11D process for most benefits and move it to real-time processing through a company’s payroll system.

> Employers providing employee benefits must provide taxable values through payroll in real-time and apply Income Tax and Class 1A NICs through payroll rather than submitting yearly P11D forms.

> Phase 1 of mandatory payrolling from April 2027 will include: company cars, car fuel, vans, van fuel and employer-provided medical benefits.

> Phase 2 from April 2028 will include most other Benefits In Kind except beneficial loans and living accommodation. These will continue to be voluntary.

> Further guidance is expected by July 2026.

If you need any help with the mandatory payrolling changes, please give us a call. We would be happy to help you!

18/06/2026

Not all online advice is accurate.

Submitting your VAT return late can lead to penalties, and late payments can accrue additional interest.

Always check official guidance rather than relying on AI summaries.

Find out more. 👇

https://www.gov.uk/submit-vat-return?&utm_source=f.co_hmrcgovuk&utm_medium=social&utm_campaign=vat&utm_content=hmrcverified

18/06/2026

Small businesses get helping hand with strengthened debt advice

- A new £4 million funding boost has been given to business debt advice services to help small businesses and the self-employed. The funding will go towards expanding access to expert support to help them get back on track, giving a leg up to an additional 16,000 businesses over the next three years.

- This is building on the existing Business Debtline service run by the Money and Pensions Service.

- The new funding will support the government’s Plan for Small Business that helps small businesses access the tools and support they need. This modernisation fund will allow them to spend more time helping their clients, particularly in complex cases that may need additional support.

16/06/2026

We've recently started using Capital On Tap for our business spending and have been impressed with it so far.

One feature we particularly like is the 1% cashback. On business card spending of £10,000 per month, that's worth around £1,200 per year in cashback.

If you're considering a business credit card, feel free to use our referral link below. At the time of writing, new customers may also be eligible for a welcome points bonus (subject to Capital On Tap's current referral offer, terms and eligibility criteria).

12/06/2026

Pressure selling tactics ruled to be illegal

A High Court order has confirmed that Emma Sleep, a mattress seller, behaved illegally and broke consumer law by using misleading countdown timers, false ‘high demand’ messages and ‘discount claims’.

Concerns were raised about Emma Sleep in 2022 over behaviour that misled shoppers and pressured them into making rushed purchases. This included the use of discounts, countdown clocks and other claims that urgency was required.

Following the Competition and Markets Authority’s (CMA) investigation, Emma Sleep was taken to court in 2024 for failing to take action to address the CMA’s concerns.

The company has now given binding undertakings to stop its illegal practices and ensure that future claims on its website are clear, accurate and do not create a false impression that people need to act quickly. Emma Sleep will also not be able to use ‘limited time’ sales or discounts where, after the deadline passes, a similar deal continues.

Hayley Fletcher, Senior Director of Consumer Protection at the CMA, said, “Businesses should be clear on what the law says: using fake countdown clocks on misleading ‘discounts’ to push people into spending is illegal.”

The case against Emma Sleep commenced prior to the CMA receiving new powers in April 2025 that allow it to decide independently whether the law has been broken, without having to go through courts. It can now fine companies up to 10% of their global turnover and secure refunds for affected customers.

The CMA is determined to use its powers and has launched investigations into 14 businesses to date. Its investigation of the AA resulted in £4.2 million in fines and £760,000 in customer refunds.

Emma Sleep faces a further trial starting in early June in relation to reference pricing. The CMA has indicated that it is keen to stamp out illegal practices that take advantage of consumers. Hayley Fletcher said, “Our message to businesses is simple – get your house in order or deal with the consequences.”

28/05/2026

HMRC introduces targeted advance assurance service for R&D claims

Originally proposed in last autumn’s Budget, HM Revenue & Customs (HMRC) have introduced a targeted advance assurance service for Research and Development (R&D) tax relief claims. The service, which is a pilot, aims to provide businesses with clarity on complex or high-risk areas before they make a claim.

HMRC are now offering two types of advance assurance for R&D claims. The new service will run alongside the existing full claim advance assurance service.

Full claim advance assurance has not been popular and only applies to companies claiming R&D tax relief for the first time. However, targeted advance assurance is open to any eligible small or medium-sized enterprise (SME).

The pilot for this service will run until May 2027 and will help HMRC to test demand and decide which parts of the service are most useful to businesses.

Companies will now need to choose which advance assurance service they want to use. It is not possible to apply for both targeted and full claim advance assurance for the same period or project.

Under targeted advance assurance, companies can seek assurance on:

• Whether a project meets the definition of R&D for tax purposes.

• Whether overseas expenditure qualifies for relief.

• Whether R&D relief can be claimed where work is contracted by one company to another.

• Whether the exemption from the PAYE and National Insurance contributions cap applies.

Targeted advance assurance is, however, limited to providing assurance on a maximum of two areas of the R&D work or project for the same period.

An application can only include one project and one area of R&D relief. For companies seeking assurance on a second project or area, a second application must be submitted.

Requesting advance assurance is not the same as making a claim. A company will still need to make a claim in the usual way.

27/05/2026

Relief on fuel duty and hauliers get road tax holiday

• The government have announced some fuel duty and road tax changes designed to help with the increased costs caused by the Middle East conflict.

• A 5p fuel duty cut has been in place since March 2022. The relief was due to end between September this year and March 2027. It has now been confirmed that the cut will be extended until the end of the year.

• Hauliers are being given a 12-month road tax holiday. The normal annual charge of £600 for a typical heavy lorry and £912 for the biggest vehicles will be reduced to £1 at the vehicle’s next road tax renewal.

• Fuel duty on red diesel will be cut by over a third until the end of the year. This will benefit farmers, rail freight and other red diesel users.

See: https://www.gov.uk/government/news/chancellor-protects-drivers-and-businesses-from-rising-fuel-costs