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...
The UK accountancy sector is facing an urgent talent crisis, with accountants blaming outdated and negative perceptions for the weak talent pipeline, according to research from...
HMRC has announced new fuel rates for company cars. They apply to all journeys on or after 1 December 2024, until further notice.
For one month from the date of change, employers...
HMRC has reminded advisers to provide details of the agent codes they are using for self assessment, VAT and corporation tax. The original deadline for supplying this information...
Self-assessment taxpayers must be wary of fraudsters, warns HMRC after a 17% rise in fraud reports.
The tax authority revealed that taxpayers had made more than 144,298 scam...