Latest From Mundy & Co.

Are You Prepared for Cyber Threats?

The National Cyber Security Centre (NCSC) has issued a call to action to business leaders to build resilience to severe cyber threats. The NCSC reports that their Annual Review 2025 shows a widening gap between the rising pace of cyber threats and the UK’s collective resilience. While the call to action and accompanying guidance are […]

Hiring: Level 3 Assistant Accountant Apprentice

We are looking for a level 3 Assistant Accountant Apprentice.  See below: View your advert – Apprenticeship service – GOV.UK  

Have You Received a Letter from HMRC About MTD?

With Making Tax Digital (MTD) for Income Tax coming into force from 6 April 2026, HM Revenue & Customs (HMRC) have been writing to taxpayers over recent weeks to tell them that they are being mandated into the regime. MTD became mandatory from 6 April 2026 for sole traders and landlords with a total turnover […]

State Pension Amounts Increase… But So Does the State Pension Age

Last week marked a 4.8% rise in both the basic and new State Pensions. This could mean an additional £575 annually for many pensioners. The Pension Credit has also increased by 4.8% and is worth an average of £4,300 a year. The full rate of the new State Pension increases from £230.25 to £241.30 a […]

Are You Ready for E-Invoicing?

HM Revenue & Customs (HMRC) recently released a research paper on how small and medium-sized businesses (SMEs) view electronic invoicing, also called e-invoicing. In the Autumn Budget 2025, plans were announced to make e-invoicing mandatory for VAT invoices from 2029. The research paper was designed to help deliver an e-invoicing policy that will suit the […]

New Rules to Eliminate Costly Subscription Traps

New rules, which are expected to come into force from spring 2027, will make it easier for people to avoid costly subscription traps. The rules will mean: Clear, simple information to be provided before any subscription is signed up for. Reminders before free or discounted trials end, or before annual (or longer) contracts automatically renew. […]

Review of Approved Mileage Rates Promised

The government has confirmed that it will review its approved mileage rates before a future Budget. Many businesses use HMRC’s approved mileage rates to reimburse directors and employees for the cost of using their own vehicle when travelling for business. The current rates have not changed since 2011, although motoring costs have increased significantly in […]

Increased Opportunities for Small Businesses

For the first time, government departments have set individual targets for how much they will spend with small and medium-sized businesses (SME). In total, the government plans to spend £7.4 billion a year with SMEs by 2028. The targets are part of the government’s Plan for Small Business and aim to help businesses and the […]

New Fuel Finder Scheme Launched

Petrol and diesel price comparison may help to reduce costs Drivers can now compare fuel prices from every petrol station in the UK, thanks to a new government scheme designed to make fuel costs more transparent and to encourage greater competition between forecourts. Beginning last week, every garage and fuel station must report its petrol […]

Boost in Grants for Installing EV Chargers

The government has announced an over 40% increase in charge point grant amounts that will mean businesses, landlords and renters could save up to £500 on installing an electric vehicle (EV) charge point. Previously, the grant provided a discount of £350. The uplift could cover almost half the typical installation costs and make it easier […]