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Raymond's Accountants & Tax Consultants

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Raymond's Accountants & Tax Consultants

Our company motto is “you grow we grow”, we will do all that we can to assist you so that your b

04/06/2026

HMRC finalises £500m contract for phone and contact centre system

The major overhaul of HMRC's telephone and customer service centre is set to transform the agency's interaction with taxpayers by implementing a cutting-edge Contact Centre as a Service (CCaaS) system, thanks to a £500 million contract with Capgemini.

Over the next decade, this initiative will migrate HMRC's legacy infrastructure to a cloud-native platform, leveraging AI to enhance customer experience. The new system aims to address the deficiencies of the current outdated setup, which has struggled to meet customer support expectations.

While HMRC is pushing for extensive digitisation of its services with an online-first approach slated for completion within four years, the necessity for efficient phone support and improved record management persists. This transformation is expected to not only streamline operations but also significantly boost customer satisfaction by providing a more responsive and intelligent service experience.

03/06/2026

Official HMRC manual on tax adviser registration clarifies rules

The introduction of the HMRC’s mandatory tax adviser registration has been a significant development for tax advisers, accountants, and conveyancers in the UK. Starting from May 18, these professionals have been required to register with HMRC, with staggered sign-up dates for different sectors. Initially, the process was met with confusion due to fragmented updates from HMRC.

However, the recent release of the comprehensive manual MTAR10000-20000 aims to provide clearer guidance on compliance rules. This manual is intended to streamline the registration process and ensure that all tax professionals are adhering to the new regulations. Despite this effort, many still find the process challenging to navigate, highlighting the need for continued communication and support from HMRC to facilitate a smooth transition into this new regulatory framework.

02/06/2026

Government plans 300k work experience

The initiative to create 300,000 placements for young people represents a significant effort to address the challenges faced by those classified as NEETs—individuals not in education, employment, or training.

This move is a direct response to the concerns highlighted in Alan Milburn's interim report, which criticized the current state of opportunities available to young people. By providing hands-on experience and skills development, these placements aim to bridge the gap between education and employment, equipping young individuals with the necessary tools to succeed in the workforce.

Over the next three years, this initiative is expected to not only enhance the employability of young people but also contribute to reducing unemployment rates and fostering economic growth. Such targeted interventions are crucial in ensuring that the next generation is better prepared for the challenges of the modern labor market.

Milburn wrote: ‘We are at risk of a lost generation. Shockingly, six in 10 young people who are NEET today have never had a job, up from four in 10 in 2005,’

01/06/2026

HMRC fuel advisory rates hiked from 1 June 2026

As of 1 June 2026, the newly implemented split advisory electric rates for public charging and domestic use remain unchanged, offering stability in energy costs for electric vehicle users.

Companies with fleet vehicles charged at both public and residential locations can allocate mileage based on the proportion of charging at each site, ensuring a "fair and reasonable" calculation as per HMRC guidelines. Meanwhile, the advisory fuel rates for petrol and diesel have increased significantly from the previous quarter, influenced by Brent crude prices hovering around $100 per barrel due to the closure of the Strait of Hormuz.

This shift marks the first adjustment in a year, with HMRC setting a baseline of £1.88.8 for diesel and £1.56.8 for unleaded petrol, reflecting the rising fuel expenses drivers face. Additionally, LPG prices have returned to levels noted by HMRC at the end of last year, further impacting fuel budgeting for businesses and individuals alike.

31/05/2026

Raymond's Accountants is dedicated to making financial management effortless for you. We know that handling finances can be daunting, which is why our team is prepared to manage everything from tax returns to detailed financial accounts. Our aim is to eliminate financial stress so you can concentrate on your core business activities. By entrusting your financial needs to us, you gain a reliable partner committed to enhancing your financial acumen and success. Contact us via phone or email to discover how we can elevate your financial strategy. Let's work together to achieve financial clarity and success.

30/05/2026

At Raymond's Tax Accountants, our mission is to empower you with the knowledge and support necessary to achieve your financial aspirations. We are here to help! Reach out to us today and discover how our dedicated team can make a huge difference in your financial life.

29/05/2026

Amazon pays £1.3bn in UK business tax

Amazon's reported £1.3 billion tax bill in the UK for 2025 reflects a substantial increase, showcasing the evolving landscape of corporate taxation. This 20% rise from the previous year can be linked to several key factors.

Additionally, the increase in corporation tax has directly impacted Amazon's taxable profits, leading to a higher tax obligation. Furthermore, the escalation in business rates, which are taxes on property used for business purposes, has further contributed to the overall tax bill. These changes underscore the UK government's efforts to ensure that large corporations like Amazon contribute their fair share to the economy, while also highlighting the ongoing global discourse on corporate taxation and fiscal responsibility.

Amazon also paid more in corporation tax and business rates. The company said the wider amount of tax it collected on behalf of the Government, including VAT paid by shoppers and National Insurance from workers, reached about £5billion, up from £4.7billion.

28/05/2026

Blair Warns: "Taxes Are High and Rising"

Tony Blair, the former prime minister who helmed the Labour Party for a decade, has issued a stark warning to the current government regarding their tax policies. In a candid 5000-word letter addressed to MPs amidst internal party conflicts, Blair criticized the government's approach, suggesting that higher taxes are creating economic challenges rather than opportunities for British businesses.

He expressed concern that the Labour Party is neglecting economic growth by pursuing policies that may inadvertently impede it. Blair’s critique extended to several key areas, including the party's commitments to tax reforms, workers' rights, sustainability goals, and raising the minimum wage, which he argues could have detrimental effects on the economy. His message serves as a cautionary note, urging the government to reconsider its strategies to foster a more business-friendly environment.

27/05/2026

HMRC uncovers £24k in unpaid tax

The recent increase in HMRC's tax recovery rate highlights the ongoing challenges faced by small and medium enterprises (SMEs) in navigating complex tax regulations.

In 2024-25, HMRC achieved a remarkable 23% rise in tax recovered per investigation, amounting to an average of £24,700, compared to the previous year's £20,100. This improvement stemmed from 255,000 investigations into SMEs and individuals, which uncovered a significant £6.3 billion in unpaid taxes.

With SMEs being the largest contributors to the tax gap, there is an urgent need for simplifying tax rules to prevent unintentional non-compliance and to support businesses in maintaining accurate tax records. As HMRC continues its efforts to close the tax gap, it becomes increasingly important for taxpayers to stay informed and ensure their tax affairs are meticulously managed to avoid costly investigations and penalties.

26/05/2026

‘We are not expecting perfection’, HMRC issues update on MTD cohort

With half a million still yet to sign up for MTD for Income Tax, HMRC tells Accountex crowd ‘it is all about good enough’

This update aims to alleviate concerns among taxpayers and accountants, encouraging them to take initial steps towards compliance without the pressure of achieving absolute precision immediately. HMRC’s message underscores a commitment to support taxpayers through this digital transformation, emphasizing progress over perfection.

Address

Social Economy House
West Bromwich
B708ET

Opening Hours

Monday	9am - 5:30pm
Tuesday	9am - 5:30pm
Wednesday	9am - 5:30pm
Thursday	9am - 5:30pm
Friday	9am - 5:30pm

Website

http://raytax.co.uk/

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