HMRC could save an estimated 1.7 million hours of call handlers’ time every year if it implemented an automated tracking system for taxpayers to check the status of their...
Mark Drakeford, Welsh finance minister, set out the Welsh government’s Budget for 2025-26. The key tax announcements are:
Welsh rates of income tax will remain unchanged at...
Expenditure on research and development (R&D) performed by UK businesses was £50bn in 2023, an increase of £1.4bn since 2022 (2.9%), according to the data for 2023...
Individuals who are registered for self assessment but whom HMRC suspects have not declared income from renting out property are likely to be receiving a nudge letter from HMRC....
Savers who withdrew a pension lump sum because of speculation about changes that might affect their pensions in the 2024 October Budget will not be able to return them.
HMRC...
Overlap relief
HMRC has published a new calculator to work out the overlap relief figure for 2023-24 for self-employed people or those in a partnership. The calculator cannot be...
HMRC has updated its guidance for sole traders, landlords and agents who volunteer to use and test making tax digital for income tax self assessment (MTD ITSA). New information has...
People selling unwanted items online can continue to do so with confidence and without any new tax obligations, HMRC has confirmed. The reminder comes as online platforms start...
The trust registration service (TRS) had 733,000 trusts and estates registered up to 31 March 2024 and that remain open as of 14 August 2024, according to HMRC statistics.
The...
Shona Robison, deputy first minister and cabinet secretary for finance, delivered the Scottish government’s 2025-26 Budget on 4 December. The key tax announcements are as...
PensionsPension Schemes Newsletter 165 has articles on the managing pension schemes service, pension payments to trustees in bankruptcy, treatment of tax free lump sums paid back...