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Chancellor says plan is right despite uncertain backdrop to Spring Forecast Statement
Chancellor Rachel Reeves insisted she has the 'right economic plan' for the UK in her Spring Forecast Statement announcement.
Thursday, March 5, 2026One million miss self assessment deadline
An estimated one million taxpayers missed the self assessment deadline for the 2024/25 tax year, according to HMRC.
Thursday, March 5, 2026Getting tax affairs back on track if self assessment deadline was missed
The number of people using the HMRC app to pay their self assessment tax bill has increased by 65% this tax year, according to the tax authority.
Thursday, March 5, 2026Making Tax Digital for Income Tax biggest tax change since self assessment
The introduction of Making Tax Digital for Income Tax this April will be the biggest change to the UK's tax system since self assessment, says the Low Incomes Tax Reform Group .
Thursday, March 5, 2026Major UK banks agree lending package aimed at SMEs
Five major UK banks have agreed a £11 billion lending package aimed at SMEs to support small business growth, the government has announced.
Thursday, March 5, 2026Government urged to scrap 'unfair holiday tax'
Over 200 hospitality and leisure CEOs have urged the government to scrap plans for a Visitor Levy in England.
Thursday, March 5, 2026Advisory fuel rates for company cars
New company car advisory fuel rates have been published and took effect from 1 March 2026.
Thursday, March 5, 2026Latest guidance for employers
HMRC has published the latest issue of the Employer Bulletin.
Thursday, March 5, 2026Pubs get 15% business rates relief
Pubs and live music venues in England will be given a 15% discount on their business rates bills from April and will not see increases for two years, the government announced.
Thursday, February 5, 2026Tax timebomb poses existential threat to high streets, government warned
Small businesses such as cafes, shops and hairdressers are facing three years of business rates misery with an average 52% hike in bills, analysis from the Federation of Small Businesses (FSB) has revealed.
Thursday, February 5, 2026Self assessment payments via the HMRC app up 65%
The number of people using the HMRC app to pay their self assessment tax bill has increased by 65% this tax year, according to the tax authority.
Thursday, February 5, 2026UK Treasury to regulate cryptocurrency under new legislation
The UK will bring cryptocurrencies, including Bitcoin, into a regulatory framework with legislation due by 2027.
Thursday, February 5, 2026UK lenders agree £11 billion SME package
Five major UK banks have agreed a £11 billion lending package aimed at SMEs to support small business growth, the government has announced.
Thursday, February 5, 2026Over 4,800 self assessment scams reported
More than 4,800 self assessment scams have been reported since February 2025, according to data released by HMRC.
Thursday, February 5, 2026UK inflation will fall in 2026
The UK can expect to see big falls in the rate of inflation this year, according to the Resolution Foundation.
Thursday, February 5, 2026Government must ramp up its growth strategy, says think tank
Despite falling behind its peers the UK economy could be on the brink of a turnaround so the government must ramp up rather than run-down its growth strategy, says the Resolution Foundation.
Thursday, February 5, 2026Inheritance Tax reliefs threshold to rise to £2.5 million for farmers and businesses
The level of the Agricultural Property Relief (APR) and Business Property Relief (BPR) thresholds will be increased from £1 million to £2.5 million, the government has announced.
Tuesday, January 6, 2026E-invoicing will be fundamental change for VAT-registered businesses
The mandatory introduction of e-invoicing for all VAT-registered businesses selling to UK business customers from April 2029 will be a fundamental change, says the Chartered Institute of Taxation (CIOT).
Tuesday, January 6, 2026MTD penalties waived for first year of Income Tax
Self assessment taxpayers due to join Making Tax Digital (MTD) for Income Tax next April will not face penalties if late filing quarterly updates.
Tuesday, January 6, 2026Salary sacrifice changes will impact over three million employees
The removal of full tax-free salary sacrifice on pensions with a new £2,000 limit will hit over three million employees at 290,000 companies, according to government figures.
Tuesday, January 6, 2026Spring Statement set for 3 March 2026
The Spring Statement has been scheduled for 3 March 2026 by the Chancellor of the Exchequer Rachel Reeves.
Tuesday, January 6, 2026£725 million UK apprenticeship overhaul targets youth unemployment
A £725 million package of skills reforms to the apprenticeship system with the aim of helping to tackle youth unemployment and drive economic growth, has been announced by the UK government.
Tuesday, January 6, 2026HMRC offers time to help pay self assessment tax bills
HMRC is offering self assessment taxpayers a reminder that help is available to manage their tax bill.
Tuesday, January 6, 2026Latest guidance for employers
HMRC has published the latest issue of the Employer Bulletin.
Tuesday, January 6, 2026Chancellor raises £26 billion in Autumn Budget
Chancellor of the Exchequer Rachel Reeves set out tax-raising measures worth up to £26 billion in the Autumn Budget.
Saturday, December 6, 2025Christmas crafters urged to check tax rules
HMRC is urging those making money from Christmas crafts, seasonal market stalls, or selling festive items to check if they need to report their earnings.
Saturday, December 6, 2025CIOT calls for implementation of IHT transitional gifting rule
The Chartered Institute of Taxation (CIOT) has urged the government to implement a transitional rule to allow older farmers and other business owners to gift assets to the younger generation.
Saturday, December 6, 2025Self-employed overcounted for decades by official data
Official statistics have overstated the size of the UK's self-employed population for two decades, according to the Institute for Fiscal Studies (IFS).
Saturday, December 6, 2025Bank deposit protection limit to be increased to £120,000
UK bank customers will benefit from an increase to the maximum amount they would be reimbursed for if their bank were to fail.
Saturday, December 6, 2025UK could fall behind in net zero race, BCC warns
The British Chambers of Commerce (BCC) has warned that the UK could fall behind in the race to achieve net zero.
Saturday, December 6, 2025AI will shrink headcount as hiring confidence remains at record low
One in six employers expect AI to shrink their workforce over the next year, with junior roles most at risk.
Saturday, December 6, 2025Advisory fuel rates for company cars
New company car advisory fuel rates have been published and took effect from 1 December 2025.
Saturday, December 6, 2025Chancellor should use Budget to reform tax system, IFS says
Chancellor Rachel Reeves should use the Autumn Budget to reform the UK's tax system, says the Institute for Fiscal Studies (IFS).
Wednesday, November 5, 2025HMRC to resume taking tax owed by debtors directly from their bank accounts
HMRC has resumed its programme allowing direct recovery of money from debtors' bank accounts.
Wednesday, November 5, 2025Countdown to Vaping Products Duty begins
There is now less than a year until the UK Government introduces Vaping Products Duty (VPD) and vaping duty stamps (VDS) on 1 October 2026.
Wednesday, November 5, 2025Expert Advisory Panel to provide industry insight on R&D tax relief
HMRC has appointed six independent industry specialists to a new Research and Development (R&D) Expert Advisory Panel.
Wednesday, November 5, 2025Digitally excluded can apply for MTD for Income Tax exemption now
HMRC has opened up a service for landlords and self-employed to apply for exemption from Making Tax Digital (MTD) for Income Tax phase one.
Wednesday, November 5, 2025New tax avoidance law risks missing target, warns CIOT
New legislation aimed at tackling rogue tax agents and those pushing tax avoidance schemes won't catch all of those it is aimed at, warns the Chartered Institute of Taxation (CIOT).
Wednesday, November 5, 2025Over 750,000 young people yet to claim savings
Over 750,000 18-to-23-year-olds have yet to claim their matured Child Trust Funds, according to HMRC.
Wednesday, November 5, 2025Latest guidance for employers
HMRC has published the latest issue of the Employer Bulletin.
Wednesday, November 5, 2025Chancellor urged to cut National Insurance but hike Income Tax in Autumn Budget
Chancellor Rachel Reeves has been urged to cut National Insurance contributions (NICs) and increase Income Tax to create a 'level playing field' and protect workers' pay.
Tuesday, October 7, 2025Budget Board must focus on easing the cost of doing business, says IoD
The government's Budget Board must focus on easing the cost of doing business, says the Institute of Directors (IoD).
Tuesday, October 7, 2025Chancellor to explore reforms to business rates on second premises
Chancellor Rachel Reeves will look at fixing the cliff edges in business rates that can discourage small business investment and growth, according to a report from HM Treasury.
Tuesday, October 7, 2025Covid repayment window opens
The government has launched a voluntary repayment scheme to allow recipients of financial Covid support to repay outstanding money they were not entitled to or did not need with 'no questions asked'.
Tuesday, October 7, 2025Companies face prosecution risk as new fraud law comes into force
Companies could be prosecuted and face unlimited fines if they fail to prevent fraud that their firm profits from under a new corporate offence.
Tuesday, October 7, 2025Lowering VAT threshold would be manifesto breach, warns IPSE
Lowering the threshold for VAT registration in the Autumn Budget would breach Labour's manifesto, IPSE, the Self-Employed Association has warned.
Tuesday, October 7, 2025AI to boost trade by nearly 40% by 2040 if gaps are bridged, says WTO
Artificial intelligence (AI) could boost the value of cross-border flows of goods and services by nearly 40% by 2040 thanks to productivity gains and lower trade costs, according to a World Trade Organization (WTO) report.
Tuesday, October 7, 2025Failed housing transactions cost £1.5 billion a year
Failed housing transactions cost consumers and the economy at least £1.5 billion every year, according to research published by Santander.
Tuesday, October 7, 2025Autumn Budget to be delivered on 26 November
The Autumn Budget will be delivered on 26 November by the Chancellor of the Exchequer, HM Treasury has announced.
Monday, September 8, 2025Over 850,000 self employed to be pulled into first phase of Making Tax Digital
HMRC has confirmed that 864,000 self-employed workers and landlords will be pulled into the quarterly reporting rules for Making Tax Digital (MTD) for Income Tax when it comes into force.
Monday, September 8, 2025Homebuyers get bogus SDLT claims warning
Homebuyers are being warned to avoid Stamp Duty Land Tax (SDLT) scams, following a landmark Court of Appeal decision.
Monday, September 8, 2025Crackdown on late payments launched in plan to back small businesses
The government is set to tackle late payments to businesses with significant legislative reforms.
Monday, September 8, 2025SME exporters hit by new US customs charges
President Trump's decision to charge import duties for low value goods entering the US is a major blow to the UK's SME exporters, says the British Chambers of Commerce (BCC).
Monday, September 8, 2025HMRC splits advisory fuel rates for electric cars
HMRC has split fuel advisory rates for electric cars depending on where drivers charge their company cars due to the price discrepancy between home and public chargers.
Monday, September 8, 2025Advisory fuel rates for company cars
New company car advisory fuel rates have been published and took effect from 1 September 2025.
Monday, September 8, 2025Latest guidance for employers
HMRC has published the latest issue of the Employer Bulletin.
Monday, September 8, 2025HMRC launches online PAYE service
HMRC has launched a new online PAYE service, which it says will give 35 million workers more control over their tax affairs.
Tuesday, August 5, 2025Time for taxpayers to get ready for Making Tax Digital for Income Tax
Self-employed taxpayers and landlords should file their 2024/25 tax return early to find out if Making Tax Digital (MTD) will apply to them from next April, says the Low Incomes Tax Reform Group (LITRG).
Tuesday, August 5, 2025HMRC sends side hustle warning
HMRC is warning those earning extra income through a side hustle to check if they need to register for self assessment and file a tax return.
Tuesday, August 5, 2025HMRC to fine crypto investors £300 for non-disclosure
UK-based holders of cryptoassets will have to provide personal details to crypto service providers or face penalties of up to £300 from HMRC.
Tuesday, August 5, 2025Criminal tax offence plan risks going too far, warns CIOT
HMRC plans to introduce a tax avoidance criminal offence risks overreach, the Chartered Institute of Taxation (CIOT) has warned.
Tuesday, August 5, 2025Watch out for Winter Fuel Payment scams
HMRC has issued a warning to be on high alert for scams linked to Winter Fuel Payments after receiving 15,100 reports of bogus activity in June.
Tuesday, August 5, 2025IHT on pensions most unpopular of Labour's tax increases
Inheritance Tax (IHT) on pensions is the most unpopular of the tax raising measures introduced by the Labour government during its first year, according to a survey.
Tuesday, August 5, 2025Harsh personal guarantees will chill growth ambitions, warns FSB
Personal guarantees risk holding back the growth the economy needs, the Federation of Small Businesses (FSB) has warned.
Tuesday, August 5, 2025HMRC system attack is a timely reminder to keep personal data safe
Taxpayers are being urged to check their online HMRC account after scammers attempted to defraud the tax authority using individuals' data and login details.
Monday, July 7, 2025Government should take more strategic approach to tax policy, says CIOT
The government should take a more strategic approach to tax policy, consulting earlier and giving greater thought to the design of the tax system, says Nichola Ross Martin, President of the Chartered Institute of Taxation (CIOT).
Monday, July 7, 2025HMRC names and shames over 500 employers for failing to pay NLW
HMRC has named and shamed over 500 UK employers for failing to pay the National Living Wage (NLW) or the National Minimum Wage (NMW).
Monday, July 7, 2025Government introduces Pension Schemes Bill
The government has introduced the Pension Schemes Bill, which it says will make pensions easier to understand and manage as well as drive better value over the long term.
Monday, July 7, 2025Tax gap estimated at 5.3%
The tax gap estimate was 5.3% for the 2023/24 tax year, according to the latest data from HMRC.
Monday, July 7, 2025UK government launches Industrial Strategy
The UK government is aiming to slash energy prices, unlock investment and upskill the workforce in its Industrial Strategy.
Monday, July 7, 2025FCA in international crackdown on unlawful finfluencers
The Financial Conduct Authority (FCA) joined forces with eight international regulators for a week of action to combat the risks of finfluencers on social media.
Monday, July 7, 2025Latest guidance for employers
HMRC has published the latest issue of the Employer Bulletin.
Monday, July 7, 2025HMRC launches new online help for compliance checks
HMRC has launched a new online interactive tool to help guide both businesses and individuals through tax compliance checks.
Monday, June 9, 2025Record numbers file assessment in first week of new tax year
Almost 300,000 people filed their tax return in the first week of the new tax year, setting a new record, HMRC has revealed.
Monday, June 9, 2025Tax and accounting bodies back e-invoicing adoption
The UK's professional tax and accounting bodies have backed the adoption of e-invoicing in their responses to a government consultation.
Monday, June 9, 2025HMRC cuts late payment interest rate
HMRC will reduce late payment and repayment interest rates from 28 May following the 0.25% cut in the base rate earlier in the month.
Monday, June 9, 2025Almost half of sole traders unprepared for MTD changes
Almost half of UK sole traders feel unprepared for upcoming Making Tax Digital (MTD) for Income Tax changes, according to research conducted by IRIS Software.
Monday, June 9, 2025New cryptoasset rules aim to protect consumers
The government is introducing legislation to regulate cryptoassets and improve consumer protection for the asset class.
Monday, June 9, 2025One in four employers plan to make redundancies in next quarter
The number of employers expecting to increase staff numbers in the next three months has fallen to a record low outside of the pandemic, according to research from the Chartered Institute of Personnel and Development (CIPD).
Monday, June 9, 2025Advisory fuel rates for company cars
New company car advisory fuel rates have been published and took effect from 1 June 2025.
Monday, June 9, 2025Sole traders and landlords get Making Tax Digital warning
Sole traders and landlords with an income over £50,000 have been warned that there is less than a year before they will be required to use Making Tax Digital for Income Tax (MTD for IT).
Tuesday, May 6, 2025Loan charge review calls for evidence
The independent review into the loan charge has issued a call for evidence with examples of promotional material and marketing leaflets a priority for the review team.
Tuesday, May 6, 2025Companies House begins to verify identities
A new service has been launched that allows individuals to verify their identity directly with Companies House through GOV.UK.
Tuesday, May 6, 2025Chancellor unveils plans to maintain level playing field for British business
Chancellor Rachel Reeves has said British businesses will be supported to trade freely as she takes action on practices that undercut fair trade, such as the dumping of cheap goods into the UK.
Tuesday, May 6, 2025Tax red tape costs small businesses nearly £25 billion a year
Tax compliance costs the UK's small businesses nearly £25 billion a year, according to recent research conducted by the Federation of Small Businesses (FSB).
Tuesday, May 6, 2025Government calls time on red tape for pubs, clubs, and restaurants
Pubs, clubs and restaurants will benefit from a reduction in the red tape that has stifled hospitality business, the government said.
Tuesday, May 6, 2025Government taking right approach to tariff negotiations
The UK government is taking the right approach to tariff negotiations with the US despite downgrades to the economic outlook, says the British Chambers of Commerce (BCC).
Tuesday, May 6, 2025Latest guidance for employers
HMRC has published the latest issue of the Employer Bulletin.
Tuesday, May 6, 2025Minimum wage rose on 1 April
Increases to the National Living Wage and National Minimum Wage took effect from 1 April.
Monday, April 7, 2025No further tax increases in Spring Statement
Chancellor Rachel Reeves announced 'no further tax increases' in the 2025 Spring Statement.
Monday, April 7, 2025Finance Act 2025 receives Royal Assent
The first Finance Act of the Labour government has gained Royal Assent and passed into law.
Monday, April 7, 2025Side hustle trading threshold raised to £3,000 per year
The reporting threshold for trading income for self assessment is being lifted from £1,000 to £3,000 gross within this parliament, according to the Treasury.
Monday, April 7, 2025Financial benefit of MTD could be as high as £915 million
The financial benefits of MTD for VAT could be as high as £915 million, according to analysis carried out by HMRC.
Monday, April 7, 2025Chancellor unveils plan to cut red tape
Chancellor Rachel Reeves has unveiled plans to cut red tape as the government aims to kickstart economic growth.
Monday, April 7, 2025Employment reforms continue to stifle business hiring intentions
The government's employment reforms are causing employers to put their hiring plans on hold, according to the Institute of Directors (IoD).
Monday, April 7, 2025