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HMRC 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, 2025Government consults on mandatory e-invoicing
The government has launched a consultation on plans for the rollout of electronic invoicing (e-invoicing) in the UK.
Sunday, March 9, 2025Proposed HMRC powers to collect data on hours worked scrapped
The government has stopped controversial plans to collect information about the exact hours worked by every employee in PAYE returns.
Sunday, March 9, 2025Business tax compliance costs £15 billion a year
An increasingly complex tax system is costing UK businesses an estimated £15.4 billion a year in compliance, according to a report from the National Audit Office (NAO).
Sunday, March 9, 2025Tailored tax reliefs boost alcohol sector
The government has introduced a package of support that it says will help the alcohol sector to grow.
Sunday, March 9, 2025Businesses warn of National Insurance 'powder keg'
The overwhelming majority of businesses say the rise in employers' NICs will force them to change their plans, according to research by the British Chambers of Commerce (BCC).
Sunday, March 9, 2025HMRC cuts late and repayment interest rates
HMRC will reduce late payment and repayment interest rates from 25 February following the cut in the base rate.
Sunday, March 9, 2025Latest guidance for employers
HMRC has published the latest issue of the Employer Bulletin.
Sunday, March 9, 2025Advisory fuel rates for company cars
New company car advisory fuel rates have been published and took effect from 1 March 2025.
Sunday, March 9, 2025Parliamentary watchdog accuses HMRC of deliberately 'degrading' phone services
Parliament's spending watchdog has accused HMRC of deliberately running down its phone services to force people to go online, according to a report.
Wednesday, February 5, 2025Government commissions review of the Loan Charge
The government has commissioned an independent review of the Loan Charge.
Wednesday, February 5, 2025CIOT calls on government to rewrite unfair VAT rules
The Chartered Institute of Taxation (CIOT) is calling on the government to address unfair tax rules as interest rates on late payments rise.
Wednesday, February 5, 2025Pension reforms to 'unlock billions' for government growth agenda
New rules that will give more flexibility over how occupational defined benefit pension schemes are managed, according to the government.
Wednesday, February 5, 2025UK firms expecting slowdown
UK firms are expecting to reduce both output and hiring this quarter, according to a survey conducted by the Confederation of British Industry (CBI).
Wednesday, February 5, 2025Employment plan will harm jobs, warns small firms
Small firms fear the new Employment Rights Bill will harm recruitment, according to a survey by the Federation of Small Businesses (FSB).
Wednesday, February 5, 2025UK economy returns to growth as inflation dips
The UK economy grew for the first time in three months in November, according to the Office for National Statistics (ONS).
Wednesday, February 5, 2025IMF upgrades UK's economic outlook
The International Monetary Fund (IMF) has upgraded its growth forecast for the UK economy this year.
Wednesday, February 5, 2025HMRC urges self assessment taxpayers to spread the cost
HMRC is reminding people who pay tax by self assessment of the opportunity to spread the cost of their bill with the Time to Pay facility.
Monday, January 6, 2025HMRC could save millions of hours with tracking system
HMRC could save an estimated 1.7 million hours of call handlers' time every year if it implemented an automated status tracking system, according to two of the leading bodies for tax advisers and chartered accountants.
Monday, January 6, 2025Government launches Industrial Strategy Advisory Council
The UK government has launched a new Industrial Strategy Advisory Council which brings together business leaders from across the UK to offer advice.
Monday, January 6, 2025Spring Statement set for 26 March
The Chancellor will deliver her Spring Statement to the House of Commons on Wednesday 26 March 2025.
Monday, January 6, 2025UK economy shrinks for second month in a row
The UK economy shrank for the second month in a row in October, according to the Office for National Statistics (ONS).
Monday, January 6, 2025Cash usage on the rise for second successive year
Cash use in the shops rose for a second year in a row in 2023 after a decade of falls, according to the British Retail Consortium (BRC).
Monday, January 6, 2025Over 40,000 file self assessment over the Christmas break
More than 40,000 taxpayers completed their self assessment returns over the Christmas break, according to figures from HMRC.
Monday, January 6, 2025Latest guidance for employers
HMRC has published the latest issue of the Employer Bulletin.
Monday, January 6, 2025Permanent business rate cut for high street on the way
The government has published draft legislation to permanently cut business rates for retail, hospitality and leisure properties from 2026.
Wednesday, December 4, 2024HMRC warns landlords to disclose earnings
HMRC has warned landlords to disclose their earnings on self assessment tax returns.
Wednesday, December 4, 2024No tax changes for online sellers
People selling unwanted items online can continue to do so without any new tax obligations, HMRC has confirmed.
Wednesday, December 4, 2024Business frustrated at halt in rollout of digital trade platform
Import and export businesses are frustrated by the government's decision to pause work on the digital trade platform, according to the Institute of Directors (IoD).
Wednesday, December 4, 2024Employer NICs rise may have unforeseen consequences
The extra costs of the increase in employers' NICs could cause businesses to respond in ways the government did not intend, the Chartered Institute of Taxation (CIOT) has warned.
Wednesday, December 4, 2024Scams warning as self assessment deadline looms
HMRC is warning of scam attempts targeting self assessment taxpayers in the run up to the 31 January deadline.
Wednesday, December 4, 2024HMRC late payment interest cut
HMRC has reduced late payment and repayment interest rates following the cut to the base rate.
Wednesday, December 4, 2024Advisory fuel rates for company cars
New company car advisory fuel rates have been published and took effect from 1 December 2024.
Wednesday, December 4, 2024Chancellor promises to drive growth and raises £40 billion in taxes
Chancellor Rachel Reeves pledged to 'invest, invest, invest' to drive growth and 'restore economic stability' in the Autumn Budget.
Tuesday, November 5, 2024Autumn Budget - the business reaction
Business groups have reacted to Chancellor Rachel Reeves' Autumn Budget speech.
Tuesday, November 5, 2024National Living Wage rises by 6.7%
Over three million workers will receive a pay boost after Chancellor Rachel Reeves confirmed the National Living Wage will increase.
Tuesday, November 5, 2024New tipping law comes into force
Businesses have been banned from withholding tips or service charges from their staff under new rules that came into force on 1 October.
Tuesday, November 5, 2024Make Work Pay threatens employment and growth warns FSB
The government's Make Work Pay Bill lacks a pro-growth element and will increase economic inactivity, the Federation of Small Businesses (FSB) has warned.
Tuesday, November 5, 2024New Growth and Skills Levy must end 'cycle of failure'
The new Growth and Skills Levy must end the 'cycle of policy failure' in addressing Britain's chronic skills shortages, according to the Resolution Foundation.
Tuesday, November 5, 202410,000 boost State Pension with online payments
More than 10,000 payments worth £12.5 million have been made through a new digital service to boost people's state pension, HMRC has revealed.
Tuesday, November 5, 2024Latest guidance for employers
HMRC has published the latest issue of the Employer Bulletin.
Tuesday, November 5, 2024IPSE calls for fairer off-payroll rules in Budget
The Chancellor should use her Autumn Budget to make off-payroll working rules 'fairer and more effective', according to the Association of Independent Professionals and the Self-Employed (IPSE).
Monday, October 7, 2024Billion-pound tax bombshell to hit hospitality, warns trade body
The end of business rates relief will sting hospitality with a £928 million bill in April unless the government acts in the Budget, warns UKHospitality.
Monday, October 7, 2024Reforms to IHT, CGT and NI 'could raise over £20 billion a year'
The Resolution Foundation has suggested that reforms to inheritance tax (IHT), capital gains tax (CGT) and national insurance (NI) could raise more than £20 billion a year.
Monday, October 7, 2024Government announces apprenticeship reforms
The government has announced an overhaul of the UK's apprenticeship system.
Monday, October 7, 2024HMRC urged to take action to defuse side hustle time bomb
HMRC has been urged to defuse a tax bombshell threatening online traders, by the Low Incomes Tax Reform Group (LITRG).
Monday, October 7, 2024£5.5 billion lost as a result of tax evasion
An estimated £5.5 billion was lost due to tax evasion during 2022/23, according to a report published by the National Audit Office (NAO).
Monday, October 7, 2024Young people reminded to reclaim government savings
Over half a million young people are yet to lay claim to Child Trust Funds worth an average of £2,212, HMRC has said.
Monday, October 7, 2024Government cracks down on late payments
The government has announced a crackdown on late payments to small businesses and the self-employed.
Monday, October 7, 2024