Key problems must be resolved before making tax digital for income tax (MTD ITSA) comes into effect in April 2026, warns ICAEW.
Digitalisation was announced on 18 March 2015...
HMRC has launched a campaign urging informal money transfer businesses to register for anti-money laundering supervision to protect themselves from criminal exploitation....
Tax professionals are demanding improved access to AI tools and better training to accelerate AI integration, according to new research from Tolley. More than a third fear their...
The number of businesses claiming patent box relief in the UK’s ‘golden triangle’ region was less than 13% of the annual total of newly granted patents in the...
Companies House has launched a new service that allows third-party corporate service providers, such as accountants, legal professionals and company formation agents, to apply to...
Finance Act
Finance Act 2025 received royal assent on 20 March.
tinyurl.com/financeact2025
Peru
The 2025 UK-Peru double taxation convention was signed on 20 March. It will enter...
Up to 300,000 people, including those with side hustles, will no longer need to file a self-assessment tax return, exchequer secretary to the Treasury James Murray has announced....
The single customer account delivery remains on course to be completed by June 2025, according to a Treasury minutes progress report (see page 75). The account will...
Incomes after tax rose across the board in 2022-23, with middle-income groups experiencing the largest rise with the median income rising 4% year-on-year, according to HMRC...
Businesses are facing increased difficulties in managing their costs due to tariff wars ignited by US President Donald Trump’s trade tariffs, says Blick Rothenberg.
Susan...
Beneficial loansThe official rate of interest will rise to 3.75% from 6 April 2025, HMRC has confirmed. It was previously 2.25%.tinyurl.com/hmrcofficialratesDevolved taxThe...