Tax News
HMRC missed out on £46.8bn in tax last year. Small businesses and Corporation Tax make up the biggest share of the shortfall.
The tax gap for the 2023-24 tax year has been published and is estimated to be 5.3% of total theoretical tax liabilities...
Starting work this summer? Download the free HMRC app to get your NI number, check your tax code and stay on the right pay.
Young people finishing exams and entering the job market this summer are being urged by HMRC to download the HMRC app. The ...
Get a clear view of your future pension. Use the enhanced online service to check, boost, or track your State Pension entitlement.
The enhanced Check Your State Pension forecast service is available online, offering a faster and more complete way ...
Struggling with late-paying customers? The VAT Cash Accounting Scheme helps protect cash flow by taxing only what you have received.
The VAT Cash Accounting Scheme is designed to support businesses by improving cash flow. Using this scheme means t...
From April 2024, the cash basis is the default method for sole traders and most partnerships when preparing Self-Assessment returns. Designed to simplify tax reporting, the cash basis lets businesses record income and expenses when money actually m...
Buying tools or clothing for your job? You could claim tax relief. Check if you qualify and how to get your money back. If you have spent your own money on items essential for your work, such as tools or specialist clothing, HMRC may allow you to c...
A recent tribunal clarified the procedural powers of the Certification Officer (CO), ruling that applications from trade union members cannot be refused simply because they are deemed "unarguable". After becoming Chair of a prestigious un...
The government has announced the reinstatement of Winter Fuel Payments for pensioners in England and Wales for winter 2025-26, reversing the previous year's cuts. Around nine million pensioners are expected to benefit from this decision, with payme...
In a significant update, the UK government has unveiled a new compensation scheme targeting individuals affected by the earlier “Capture” software, used in over 2,000 Post Office branches during the 1990s. This programme aims to redress...
You could earn up to £18,570 in tax-free savings interest in 2025-26, thanks to the personal allowance, starting rate for savings, and the Personal Savings Allowance.
If your taxable income for the 2025-26 tax year is less than £17,570, you will...
