Accounts Repair

19/09/2026

From 1 October 2026, VAT on qualifying domestic electricity bills in Great Britain will temporarily fall from 5% to 0%.

The zero rate will apply until 31 March 2027 and covers supplies that would normally qualify for the reduced VAT rate. Northern Ireland is excluded from this temporary change, where the 5% rate will continue to apply. (ICAEW)

The change has now been written into law, following the government’s earlier announcement in July. (ICAEW)

For households in England, Scotland and Wales, this means electricity bills should carry no VAT during the six-month period.

Businesses and charities may also benefit in certain cases where their electricity use qualifies for the domestic or non-business reduced-rate rules. (ICAEW)

For anyone reviewing household costs or energy-related expenses, this is one change worth being aware of before October.



https://www.icaew.com/insights/tax-news/2026/sep-2026/vat-cut-on-domestic-electricity-bills-confirmed

19/09/2026

From April 2027, the way employers report and tax certain employee benefits is changing.

HMRC is introducing mandatory real-time payroll reporting for a number of benefits in kind, meaning they will need to be processed through payroll software rather than dealt with mainly through year-end reporting.

The first benefits affected will include:

* Company cars and fuel
* Vans and van fuel
* Employer-provided medical benefits

Most remaining benefits in kind are expected to move into mandatory payrolling from April 2028, while the treatment of employer-provided loans and accommodation will be confirmed separately.

HMRC is also introducing a temporary easement from penalties for certain non-deliberate inaccuracies during the first year of the new system.

For employers, this means payroll systems and processes will need to be ready well before April 2027.



https://www.gov.uk/government/publications/changes-to-reporting-of-benefits-in-kind-from-april-2027

07/09/2026

The UK government has announced plans to cut back corporate reporting requirements for small and medium-sized businesses.

The proposed reforms would simplify reporting rules and could exempt some SMEs from certain paperwork altogether — with the government estimating businesses could save around £450 million.

The government argues that growing reporting requirements are taking valuable time and money away from actually running a business.

For ecommerce businesses and other SMEs, less administrative work could mean lower compliance costs and more time focused on growth.

A consultation on the proposed changes begins 7 September 2026, so the exact reforms are still to be decided.



https://www.theguardian.com/business/2026/sep/05/ministers-plan-to-slash-paperwork-rules-for-small-uk-businesses

24/08/2026

A major change has arrived for businesses selling low-value goods into the EU.

From 1 July 2026, the EU introduced a temporary €3 customs duty on low-value ecommerce imports worth up to €150, ending the previous customs duty exemption.

Importantly, the charge applies per item based on its tariff classification — not simply per parcel. For example, a package containing a T-shirt and a watch would attract €6 in duty.

The rules affect distance sales into the EU from non-EU countries, making this particularly relevant for UK ecommerce businesses selling directly to European customers.

The EU says almost 5.9 billion low-value items entered the bloc from third countries without customs duties in 2025, creating an unfair advantage for certain overseas sellers.

The €3 temporary duty will remain until 1 July 2028, when the EU plans to move to its new ecommerce customs system.

For UK ecommerce businesses selling into Europe, it’s another cost that needs to be considered when setting prices and margins.

24/08/2026

TikTok Shop has now surpassed 300,000 UK small business sellers, as social commerce continues to grow rapidly across the country.

The number of new sellers joining the platform has increased 200% year-on-year, while sales generated through TikTok Shop Live have risen 55%.

More than 6,000 live shopping sessions now take place in the UK every day.

And some businesses are seeing serious results. Glow For It reportedly generated £100,000 from a single live shopping event, while Malik Butchers generated £8,000 during one three-hour livestream.

For small ecommerce businesses, TikTok is increasingly becoming more than a marketing platform — it’s becoming a sales channel in its own right.

Could live shopping become the next major shift in UK ecommerce?

24/08/2026

25/12/2025

Thank you all for your support in 2025! We’re excited about the milestones we’ve achieved this year and look forward to even more success in 2026. Wishing you and your loved ones a joyful holiday season! 🎄🎉