HM Revenue and Customs (HMRC) has revealed plans for a new “digital reporting” system aimed at identifying taxpayers exceeding their Individual Savings Account (ISA) limits. Senior officials briefed Members of Parliament …
The HM Revenue and Customs (HMRC) has informed Child Benefit claimants of a planned disruption to its online services on Wednesday, 9 September 2026. This scheduled maintenance will temporarily prevent access to certain …
HM Revenue and Customs (HMRC) has issued a warning for Child Benefit claimants about a temporary disruption to its online services scheduled for Wednesday, 9 September 2026. A notice posted on 3 September states that due to …
HM Revenue and Customs (HMRC) has put forward new proposals aimed at cracking down on dishonest taxpayers, prompting concerns from experts that even innocent errors could lead to prosecutions. The planned changes would …
HM Revenue and Customs (HMRC) has proposed new measures aimed at cracking down on dishonest taxpayers, but experts caution these could result in penalties for individuals making honest errors. The proposals seek to introduce …
Thousands of grieving families across the UK could be entitled to substantial inheritance tax refunds following a decline in property prices between the time of a relative’s death and the subsequent sale of their home. Recent …
The UK Government is consulting on new rules that could impose penalties on businesses paying their PAYE and VAT on time—but through the wrong payment channel. The proposal aims to require businesses to settle these …
The UK Government is consulting on a significant change that could penalize businesses even if they pay their PAYE and VAT on time, simply because they use the wrong payment method. The proposed rule would require businesses …
SFM Technology, a Somerset-based agricultural machinery company, has entered administration, marking a challenging chapter in its long history. Founded in Martock in 1985, the firm originally specialised in fruit harvesting …
Farmers across the UK face a looming inheritance tax (IHT) “time-bomb” as major legislative changes come into effect on April 6, 2026. These changes, introduced in the Finance Act 2026, will impose new limits on Agricultural …
In 2023, more than 5,000 individuals had amassed ISA pots worth over £1 million, according to data obtained by money app Plum through a Freedom of Information request to HM Revenue and Customs (HMRC). This milestone …
In 2023, more than 5,000 individuals had amassed ISA savings exceeding one million pounds, marking a remarkable milestone for UK investors. This insight comes from data obtained by money management app Plum through Freedom of …
UK self-employed individuals and landlords earning over £50,000 are facing a major change in how they report their income. HM Revenue and Customs (HMRC) has issued a reminder that, beginning 6th April, they must comply with …
HM Revenue and Customs (HMRC) has issued a crucial reminder to self-employed individuals and landlords about upcoming changes to income tax reporting. Starting April 6th, those earning over £50,000 annually from …
HMRC has announced upcoming adjustments to tax codes for state pensioners in response to the scheduled increase in pension payments. Starting this April, state pension payments will rise by 4.8 percent in line with the …